Elliot Smith
Elliot Smith is a Correspondent for CNBC International in London, covering the intersection of economics and politics in Europe and sub-Saharan Africa. He has been with CNBC since 2018.
Biography:
https://www.cnbc.com/elliot-smith/
78%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
80%
Examples:
- The author has a slight positive bias towards Deutsche Bank's performance.
Conflicts of Interest
50%
Examples:
- The article seems to have a slight positive bias towards Deutsche Bank's performance.
Contradictions
100%
Examples:
No current examples available.
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Russian Drones Strike Kharkiv, Killing Four and Injuring 12 in Wave of Attacks
Broke On: Wednesday, 03 April 2024On April 4th, Russian drones struck the city of Kharkiv in Ukraine. The attacks killed four people and injured 12 others, including three rescue workers who were on the scene for a previous attack. A woman aged 69 was also killed by a drone that hit another residential building. 
Ireland Faces Political Crisis as Leo Varadkar Resigns as Prime Minister
Broke On: Thursday, 21 March 2024Ireland is facing a political crisis as its Prime Minister, Leo Varadkar, has announced his resignation. The news came on Wednesday and was met with shock by the country's politicians and citizens alike. 
UK Inflation Falls to 3.4% in February, Below Expectations and Marking the Lowest Annual Rate Since January 2022.
Broke On: Tuesday, 19 March 2024UK inflation fell to 3.4% in February, below expectations and marking the lowest annual rate since January 2022. The largest downward contributions came from food, restaurants and cafes while the largest upward pressure came from housing and fuel. Core CPI also fell to an annual 4.5%, below a consensus estimate of 4.6% and down from 5.1% in January. 
UK Faces Recession Amidst Pressure for Tax Cuts Before Election
Broke On: Monday, 04 March 2024The UK is facing a recession this year and under pressure to offer tax cuts before the General Election. However, due to fragile public finances and stagnant economy, it's unclear how much Hunt can afford without causing harm. Inflation has also been an issue. 
UK Economy Enters Recession with GDP Shrinking by 0.3% in Q4 of 2023
Broke On: Wednesday, 31 January 2024The UK economy has entered a recession with GDP shrinking by 0.3% in Q4 and two consecutive quarters of negative growth, marking the first time since the pandemic began. All three main sectors contracted in Q4, while inflation remains above target and is squeezing household finances. The recession is likely to be shallow and short-lived but may not reflect true state of economy set for a muted recovery in 2024. Key indicator to watch is inflation in the services sector which accounts for bulk of UK's economic activity, employment, and reflects strength of wage growth and consumer demand crucial for recovery. 
Unraveling the Post Office Scandal: A Call for Mass Exonerations and Compensation
Broke On: Saturday, 13 January 2024The Post Office scandal, which has been ongoing in the UK for years and resulted in many innocent people being wrongfully accused and convicted of theft due to faulty IT systems. The TV drama series Mr. Bates vs the Post Office brought attention to this issue by highlighting its devastating effects on individuals' lives. Recent developments such as new legislation have sparked renewed calls for mass exonerations and compensation for victims. Central Banks' Final 2023 Decisions Set Stage for 2024 Economic Trends
Broke On: Friday, 08 December 2023Gold prices hit a record high in 2023 and are predicted to remain strong in 2024 due to geopolitical tensions and continued central bank buying. The Federal Reserve is working towards a 'soft landing', aiming to bring inflation back to target without triggering a recession. Interest rates for 60% of the world economy will be set in a whirlwind 60-hour window. Market participants are eagerly awaiting information about when central banks will begin to lower benchmark interest rates. ECB Rate Cuts and UK Tax Changes: Potential Impacts on Global Markets
Broke On: Wednesday, 22 November 2023The European Central Bank (ECB) is considering potential rate cuts. The UK government has announced tax cuts for millions of workers starting early next year. The UK government plans to increase the hourly minimum wage by nearly 10 percent to £11.44 and extend it to 21-year-olds. The independent Office for Budget Responsibility highlighted that the continuing impact of multiple freezes and reductions to personal tax thresholds means that the cut to National Insurance is a drop in the ocean, compared to what the Treasury will be raking in over the next few years. Siemens Energy Faces Challenges in Wind Business, Secures Government Support
Broke On: Tuesday, 14 November 2023Siemens Energy's fiscal year 2023 saw excellent performance in 70% of its businesses, offset by difficulties in the wind business. The German government is providing €7.5 billion ($8 billion) to rescue Siemens Energy. Siemens Energy recently secured a 12-billion euro credit line from private banks, partly backstopped by the German government. Global Financial Markets React to ECB Rate Decision
Broke On: Thursday, 26 October 2023The European Central Bank made a key rate decision on October 26, 2023 Prior to the decision, European shares slumped due to disappointing earnings reports and anticipation of the ECB's verdict The Asian markets opened mixed, with the Japanese Yen hitting its lowest point since 1990