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Bank of England Governor Bailey: We are not considering cutting interest rates at this time.

2026-07-01

Bank of England Governor Bailey: We are not considering cutting interest rates at this time.

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2026-07-01

Midea says demand for its PortaSplit portable-split air conditioners in Europe has outstripped supply amid recent heatwaves. With several ocean containers already en route, the company expects more than 100 containers to arrive in early July to reple

Midea says demand for its PortaSplit portable-split air conditioners in Europe has outstripped supply amid recent heatwaves. With several ocean containers already en route, the company expects more than 100 containers to arrive in early July to replenish European inventories and address the peak in cooling demand. Midea’s Europe home AC R&D head Dong Yunjun noted Western European markets — including Germany, France and the UK — have long faced barriers to cooling adoption (installation limits, high installation costs, broader labor shortages, outdoor-unit noise and high rental housing rates), and repeated heatwaves are shifting consumers from short-term coping to seeking permanent cooling solutions.
2026-07-01

wright said Iran has shown no sign of cooperation to date. He said continued oil transit through the Strait of Hormuz is enabled by protection from the U.S. MILITARY.

wright said Iran has shown no sign of cooperation to date. He said continued oil transit through the Strait of Hormuz is enabled by protection from the U.S. MILITARY.
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