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Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London

Another BoE rate rise isn't inevitable, Bailey says

Bank of England Governor Andrew Bailey said on Wednesday it was possible the central bank had already come to the end of its rate-rising cycle, leading financial markets question whether a rate rise this month is as clear-cut as they thought.
Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen

Bayer braces for falling profits in challenge for new CEO

Bayer warned operating earnings would decline in 2023, adding to the challenges for its new CEO who will take the helm in June, as the agriculture and healthcare company is hit by higher costs and the reversal of last year's price boost for its weedkillers.
FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia

Australia retail sales rebound in Jan, but pulse slows

Australian retail sales rebounded in January after a surprise plunge in December that owed much to changing spending habits, though the underlining pulse was facing headwinds from high inflation and rising interest rates.