Tom Rees - Profile and Journalist Details
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Tom Rees
Verified
UK Economy Reporter, Bloomberg News
London
Beats
I create explainers on anything and everything happening around the world. My expertise is in business reporting environment and gender.
High finance
Content
By Tom Rees Verified| Bloomberg News Verified Bundles of new British 20-pound banknotes in London. (Bloomberg) -- A resurgence in UK inflation that has kept the Bank of England nervous about cutting interest rates is set to be curbed by energy prices and the dollar tumbling in response to US President Donald Trump’s trade war. Bloomberg Economics’ in-house model SHOK shows that weaker oil prices and a stronger pound could dampen inflation by an average of 0.4 percentage points over the next year.
By Tom Rees Verified| Bloomberg News Verified A ship at the Port of Felixstowe in Felixstowe, UK. Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- Shipping data may be showing early signs of goods once destined for the US being redirected to the UK market amid warnings of dumping by Chinese exporters, according to economists. Capital Economics said that a rise in cargo ships and tankers visiting UK ports in April could be “early evidence” of trade diversion effects caused by Donald Trump’s sweeping tariffs.
By Tom Rees Verified| Bloomberg News Verified Bundles of new British 20-pound banknotes in London. (Bloomberg) -- A resurgence in UK inflation that has kept the Bank of England nervous about cutting interest rates is set to be curbed by energy prices and the dollar tumbling in response to US President Donald Trump’s trade war. Bloomberg Economics’ in-house model SHOK shows that weaker oil prices and a stronger pound could dampen inflation by an average of 0.4 percentage points over the next year.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981