UK Profit Margins And Pay Rises 'Unsustainable' & Titanic Sub Crew Killed In Catastrophic Implosion
Bloomberg Daybreak: Europe Edition
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The Bank of England's Half-Punch Hike and the Titanic Tragedy
Bank of England's Bailey sets his site on profit margins and pay as the central bank surprises markets with a half-point hike. Powell says Wall Street Giants could face a 20% jump in capsule requirements. Yellen, for a soft landing, the US Treasury Secretary tells Bloomberg that recession risks are receding. The governor's bad press day and consoles in court. Plus, the Titanic tragedy, the Coast Guard reveals the five-man sub-crew, died after a catastrophic implosion.
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