Bank of England Dashes Hopes for Rate Cut; Lloyd's Accused of 'Reparations Washing'; Nintendo and Sony Team Up for Zelda Film
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Bank of England governor Andrew Bailey said it's "too early" to talk about interest rate cuts, despite some expectations of a cut in 2024. He wants rates to stay high to bring down inflation.
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Lloyd's of London has been accused of "reparations washing" for its £12m diversity program response to its role insuring the slave trade, rather than substantial reparations.
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ITV Studios reported slowing demand from free-to-air broadcasters for its productions, cutting its revenue growth forecast to 3% from mid-single digits.
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Nintendo and Sony are collaborating on a live-action Legend of Zelda film, to be produced by the creators of Spiderman Into the Spiderverse.
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Mirror and Express newspaper publisher Reach announced plans to cut around 450 jobs, as part of cost-cutting efforts.