Teenager arrested over Transport for London cyber attack; ECB cuts interest rates – as it happened

12-09-2024 03:04 1 Minutes reading Negative -0.74
<p>A 17-year-old male was detained last week on suspicion of Computer Misuse Act offences in relation to the attack launched on TfL on 1 September.<br></p><p>European stock markets are rallying this morning, as traders anticipate an interest rate cut from the European Central Bank this afternoon.</p><p>Germany’s <strong>DAX</strong> index is up 1.1%, while France’s <strong>CAC</strong> <strong>40</strong> is 0.6% higher.</p><p>The market is firmly priced for a 25bp rate cut at next week’, We and the analyst consensus are expecting a 25bp rate cut and most ECB speakers have already endorsed such a move.</p><p>The recent slowdown in China has seen its oil consumption declining y-o-y for a fourth consecutive month in July, by 280 kb/d.</p> <a href="https://www.theguardian.com/business/live/2024/sep/12/john-lewis-partnership-halves-losses-profits-openai-150bn-european-central-bank-business-live">Continue reading...</a>

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