Betting markets increase odds on Kevin Hassett to succeed Powell as Fed chair
Kevin Hassett, director of the US National Economic Council, is solidifying his position as the clear frontrunner to become the…
UK budget: markets react strongly as OBR forecasts ‘leak’ before Reeves’ speech
Sterling and UK government bonds rose on Wednesday after the Office for Budget Responsibility published its forecasts ahead of schedule,…
How serious is the OBR’s downgrade for the UK’s medium-term economy?
The UK’s influential fiscal watchdog has raised its 2025 growth outlook, but issued a stark downgrade for the rest of…
UK Budget 2025: Reeves unveils £26B in tax increases to fund £11.3B in new spending
UK Chancellor Rachel Reeves today set out a Budget that raises £26 billion in tax measures to pay for £11.3…
UK Autumn Budget 2025: salary sacrifice capped, cash ISA allowance cut in major savings shake-up
Chancellor Rachel Reeves unveiled her first Budget before the House of Commons on Wednesday, less than an hour after the…
Commodity wrap: gold climbs to one-week highs as Fed rate-cut bets surge; oil prices remain volatile
Gold prices rose to an over one-week high on Wednesday as hopes for an interest rate cut by the US…
Europe bulletin: UK tax hikes, ESA military pivot, Meta-EU clash shape the day
UK politics and European policy are shifting fast, with big moves reshaping economic strategy, energy affordability, defense ambitions, and tech…
Is Europe finally getting serious about AI?
On Monday in Bratislava, Christine Lagarde did something central bankers rarely do. She told Europe to hurry up. The president…
Russia proposes decade-long extension for oil supplies to China
Russia is looking to expand its energy partnership with China, with Deputy Prime Minister Alexander Novak announcing in Beijing on…
Nvidia shares fall as report suggests Meta may shift to Google’s AI chips
Nvidia shares dropped on Tuesday after a report indicated that Meta Platforms is in talks to adopt Google-designed chips for…