Alarming news at Bloomberg

City Spy

28 April 2024 at 4:17 pm·1-min read

Over at Bloomberg’s dazzling City newsroom where the European Central Bank interest rate decision earlier this month proved rather more alarming than reporters anticipated.

Just as the ECB released its verdict, the Bloomberg fire alarm went off and the whole building was promptly evacuated, leaving anxious financial hacks unable to pen their must-read market takes. “Absolute chaos!” one told Spy. Apparently it was just a poorly-timed drill.

Rumour has it that the hugely competitive news juggernaut's flash on Christine Legarde and Co’s must-watch rate call ended up being a full three seconds behind Reuters – and as is well known across Fleet Street and the City – three seconds feels like a very long time at Bloomberg.

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