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WEEKLY NEWS | 30 JANUARY 2023 | 183


CYS Special Feature
40th Anniversary CYS-STTOKE Cups

STTOKE Cup is the world's first shatterproof reusable ceramic cup, providing consistent temperature and flavour for 3 to 6 hours.  Originated from Australia, STTOKE Cup ......

Economy News
European Central Bank to raise deposit rate to 3.25% by mid-year - Reuters poll

LONDON, Jan 23 (Reuters) - The European Central Bank will be more aggressive than previously thought in its tightening campaign, adding another 50 basis points to its deposit rate on Feb. 2, as it continues its battle against rampant inflation, a Reuters poll found.

      Although the euro zone's central bank has been raising rates at its fastest pace on record it has so far failed to bring inflation anywhere near its 2% target. Prices rose 9.2% in December on a year earlier, official data showed last week.

Marc Angel, a first-term socialist MEP from Luxembourg, has been elected as one of the 14 Vice-Presidents of the European Parliament, filling the vacant spot left by Eva Kaili.      

The Greek legislator was stripped of her position last month after she was detained by Belgian authorities and charged with accepting "large

sums of money" and "substantial gifts" from a Gulf Persian country, widely identified as Qatar.

      Kaili's shocking arrest triggered a summary process to remove her from her position as......

Compliance News
'We all have to be anti-corruption champions,' says MEP Marc Angel as he secures Eva Kaili's VP spot
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Week ahead: Recession signals to flare up in fresh PMI and govern-ment borrowing to hit £18bn
Money News

Investors this week will be eyeing fresh surveys for more clues on whether the UK economy has slipped into recession......

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