Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.

The Bank of England said Friday it will delay implementing rules designed to prevent a 2008-style financial crisis as it awaits clarity on how they will be enforced in the US under Donald Trump.

The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald Trump as president, prompting the European Union to say it would also weigh its options.

Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, said Thursday he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.

So Donald Trump takes office buoyed up by the hugely confident business sector. Its leaders have been quick not only to voice support but also to trim their policies to fit the new political wind in Washington. Several gave donations, and he has hired one, Elon Musk, to try to streamline the federal bureaucracy.

America’s biggest bank has quit Mark Carney’s net zero group amid a backlash against environmentalist capitalism.

Bloomberg Economics projects its aggregate measure of advanced-world interest rates to drop just 72 basis points in 2025, less than it did in 2024

Amid concerns that Trump could pull the US out of Nato unless other member states start to pull their weight, the defence secretary John Healey insisted that the incoming president was “rightly pushed European nations to do more to fund” the alliance.

The Liberals need to elect a new leader before Parliament resumes March 24 because all three opposition parties say they will bring down the Liberal government in a no-confidence vote.

The UK delayed its implementation of a significant update to international bank capital rules for a third time to allow for more clarity over its rollout in the US.