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Recalibration of the Indexed Long-Term Repo Operation – Market Notice 11 June 2025

06/11/2025 Bank of England Central banks

This Market Notice confirms the recalibrated parameters of the Indexed Long-Term Repo (ILTR) operation. In line with the Bank’s transition to a repo-led, demand driven operational framework for providing reserves, which ILTR operations are central to, the Bank is announcing an increase in the total amount of reserves available in each ILTR auction, an increase in the quantity of reserves available at fixed minimum spreads, and a gentler upward sloping supply curve than previously to ensure that clearing spreads only rise gradually.

U.S. Court Agrees to Keep Trump Tariffs Intact as Appeal Gets Underway

06/10/2025 New York Times USA

The appeals court’s decision delivered an important but interim victory for the Trump administration.

Trump Administration Holds Trade Talks With China as Fight Over Rare Earths Escalates

06/10/2025 New York Times USA

Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.

European Union Unveils Fresh Sanctions on Russia, Including a Nord Stream Ban

06/10/2025 New York Times USA

Ursula von der Leyen, president of the European Commission, announced a proposal meant to ramp up pressure on Moscow.

Trump Aides Urge Court to Spare Tariffs as They Dismiss Worries in Public

06/10/2025 New York Times USA

There are dueling narratives as the administration seeks to preserve a set of tariffs recently deemed to be illegal.

Why the salmon on your plate contains less omega-3 than it used to – and how the industry can address that

06/10/2025 The Conversation UK

Maria_Usp/ShutterstockFarmed Atlantic salmon has become one of the most highly traded food commodities in the world, enjoyed for its versatility as much as for its health benefits. It has long been known that eating oily fish such as salmon is the best way to consume long-chain omega-3 fatty acids.

Spending review: Rachel Reeves is about to make a £600 billion gamble on growth

06/10/2025 The Conversation UK

UK chancellor Rachel Reeves faces her biggest test with the government’s departmental spending plans for the three years from next April until the general election. With nearly £600 billion a year to spend, her decisions will impact on every aspect of public life and shape the political weather for years to come.

For Trump’s ‘no taxes on tips,’ the devil is in the details

06/10/2025 The Conversation USA

President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine print in Congress’ latest tax bill tells a more complex story.

Shoemaker Clarks is turning 200. Its Quaker roots made it a pioneer of ethical business

06/09/2025 The Conversation UK

DELBO ANDREA/ShutterstockFor many, the Clarks brand is a byword for sturdy school shoes and functional footwear for those of more mature years. The manufacturing and retailing company was set up two centuries ago in Somerset, England, in the shadows of Glastonbury Tor, by brothers Cyrus and James Clark. In 2025, it is celebrating its 200th anniversary and remains a formidable force both on the high street and online.

Trump’s continued attacks on lawyers risks undermining the US legal system. Is that the point?

06/09/2025 The Conversation UK

Since returning to office, Donald Trump has often called the US legal system into question. He has criticised judges as activists, challenged the role of the courts and insisted some firms do free legal work in support of his administration’s causes to make up for working for some of his political opponents.

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