UK inflation slide fuels rate cut bets and jolts markets
U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.
Financial News
Early retirement is changing — here’s what to consider, according to the experts
Early retirement is becoming more prevalent amongst wealthier people, while those with average earnings tend to work to retirement age.
EU opens formal infringement proceedings against X
The EU has opened infringement proceedings against Elon Musk’s social media platform X, previously known as Twitter, Thierry Breton said Monday.
Recent data shows AI job losses are rising, but the numbers don’t tell the full story
Layoffs will always be a reality, but as artificial intelligence use grows, will the technology enable business leaders to both redefine and cut jobs?
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Citigroup employees worried about CEO Jane Fraser’s sweeping overhaul expressed concern over whether their jobs will exist in the new year.
Treasury Secretary Yellen outlines plan to improve U.S.-China ties
U.S. Treasury Secretary Janet Yellen underscored her priorities aimed at stabilizing frigid ties between the United States and China late Thursday.
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means “bonds are back,” according to HSBC Asset Management.
German Chancellor Olaf Scholz announces 2024 budget plan after weeks of debt crisis talks
The German government on Wednesday announced its plans for its 2024 budget following weeks-long negotiations, including savings from its core budget.
Anger and frustration as COP28 draft text omits fossil fuel phaseout
The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has drawn widespread criticism.
Want to buy property in the UK? Now could be the right time, experts say
The U.K. property market has proved difficult for both renters and prospective homeowners recently — but experts say this could be about to change.