The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.

The Bank of England raised interest rates for the first time in more than three years Thursday in a bid to tackle an inflation shock stoked by the Iran war.The decision to lift the bank’s main interest rate to 4% from 3.

The conflict has lifted energy prices, though they have fallen since the midterms raised hopes for an end to the war.

The Bank of England is set to raise interest rates for the first time in three years on Thursday, as it battles to bring rising inflation under control. Economists expect the BoE to raise interest rates by a quarter point to 4 per cent,

Oil prices fell for a fourth day on Thursday on expectations the losses US President Donald Trump's Republican Party suffered in Congressional elections this week may reduce the risk ​of further escalation of the US-Israeli war on Iran.

The scale of the GOP losses, which Trump blamed on high oil prices, have turned even his vice president against the idea.

Oil dropped Wednesday, putting prices on track for their largest one-week decline since 2020.

Record Election Day diesel and gasoline prices ​helped push Americans toward Democrats in Tuesday's midterms, with voters citing the cost of living in their decisions, exit polls showed. Reuters, the news and media division of Thomson Reuters,

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts.

Wall Street closed sharply higher a day after Democrats' sweeping midterm election wins, with the Dow on Wednesday soaring 3 percent, while the S&P 500 and the Nasdaq e

Wall Street rallied after Democrats’ election wins, with all three major indexes closing higher as investors welcomed signs of bipartisan cooperation. Meanwhile, crude oil plunged more than 8%.

U.S. stocks are surging as investors react to a blue wave that puts Democrats in control of both chambers of Congress.

Binance detailed the findings in a report on how hackers accessed the company's wallets ahead of the October 29 theft of $6.3 billion in crypto.

A Binance engineer was reportedly tricked into installing malware on a work laptop, enabling suspected North Korean hackers to loot $6.3 billion from the exchange.

Binance said on Tuesday. The FBI on Saturday blamed TraderTraitor, a group of hackers linked to North Korea, for the theft of $6.3bn from Binance in the biggest heist on record. The attack came as advances in artificial intelligence have driven an increase in such hacks in crypto,

The hackers who stole billions of dollars in cryptocurrency from the Binance exchange spent months working on the theft and used both social engineering and novel malware in the process, the company said Tuesday.