UK’s Labour vows planning reform and clean energy transition as King’s Speech reveals key policies
The U.K.’s new Labour government on Wednesday outlined a raft of proposed legislation, including the nationalization of rail operators.
Financial News
IMF upgrades UK growth forecast in another boost to new Labour government
The upgrades come after two years of stagnation, with the U.K. falling into a shallow recession in the second half of 2023.
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Monday was Powell’s first public speaking appearance since the consumer price index report for June showed cooling inflation.
China gears up for its Third Plenum meeting. Here’s why real estate isn’t likely the main focus
China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels.
JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.
China gears up for next week’s Third Plenum meeting. Here’s why real estate isn’t likely the main focus
China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels.
Japan’s yen surges after U.S. inflation data as traders monitor possible intervention
The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data.
As NATO meets, leaders look to ‘Trump-proof’ the military alliance
As NATO meets in Washington, the alliance is facing familiar foes and challenges. The prospect of another Donald Trump presidency is one of them.
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.
The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors
For weeks, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin, placing pressure on the world’s largest cryptocurrency.