Why Jaguar Land Rover has decided change is needed
Jaguar Land Rover's decision to shed 4,000 jobs comes after the carmaker has travelled down a very rough road.
Economy
Next overturns equal pay ruling that raised basic wages for shop staff
The UK retailer Next has overturned a 2024 court ruling forcing it to pay its shop staff the same higher basic pay rates as its warehouse workers under equal pay rules.
Bank of Canada: Rates outlook and inflation risks – TD Securities
TD Securities economists Robert Both and Emma Lawrence highlight that the Bank of Canada adopted a more hawkish tone, emphasizing upside inflation risks even as core inflation stays subdued. They expect the Overnight Ra…
Next wins key appeal to overturn £30m equal pay ruling
Next has won an appeal allowing it to keep paying warehouse workers a higher hourly rate than shop floor staff in a long running battle over equal pay.
Jaguar Land Rover to cut 4,000 jobs over next two years
Jaguar Land Rover (JLR) is to cut 4,000 jobs as the carmaker struggles with Chinese competition, US tariffs, and the transition to electric vehicles.
Spain shares lower at close of trade; IBEX 35 down 0.14%
Spanish equities ended Monday lower as weakness across technology, telecommunications, consumer services and consumer goods stocks pulled the market down. The IBEX 35 fell 0.14% at the close, extending the cautious mood…
Eurozone: Resilient growth, worrying inflation – ABN AMRO
ABN AMRO economists Bill Diviney and Jan-Paul van de Kerke expect Eurozone growth to remain resilient despite a renewed energy shock, supported by German fiscal spending and solid underlying activity. They have reverted…
UK house prices fall for first time since 2023, led by London and south-east
UK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.
Grindr pays £26m to settle UK lawsuit over allegedly sharing users’ HIV status
Grindr will pay £26m to settle a lawsuit brought by thousands of users in the UK who allege that the US dating app shared highly sensitive personal information, including in some cases their HIV status, with advertising…
Iran’s parliament speaker warns of strikes against U.S. energy firms
Iran’s joint military command said the Strait of Hormuz remained closed and warned that regional oil, gas, electricity and economic infrastructure would be targeted if the United States carried out President Donald Trum…
UBS expects the Fed to lift rates twice before the end of the year. Here’s why.
Since the U.S. and Israel launched strikes on Iran on February 28, jet fuel prices in the U.S. have more than doubled. According to data from the Energy Information Administration (EIA), the year-to-date percent change …
Japanese Yen hits six-and-a-half-month high on hawkish BoJ bets
USD/JPY extends its steep decline on Monday as the Japanese Yen (JPY) rallies against the US Dollar (USD), supported by hawkish Bank of Japan (BoJ) expectations, capital repatriation and the unwinding of Yen-funded carr…
Jaguar Land Rover confirms plan to cut 4,000 jobs over two years
Jaguar Land Rover has announced thousands of job cuts in a “body blow for workers” as it grapples with tough trading conditions, Donald Trump’s tariff wars and the fallout from a cyber-attack.
Architect of UK’s AI policy quits after Anthropic conflict of interest concerns
The chair of the UK government’s “moonshot” science and technology research unit has been forced to stand down after taking a job with the San Francisco AI firm Anthropic, after warnings from senior MPs that the move cr…
Hormuz Goes Tanker for Tanker as Iran Releases Footage of Ship Attacks
The US military launched a new round of strikes on Iranian targets on Sunday night, local time, marking the ninth straight night of American attacks on Iran.
Probe begins into why cargo plane overran Miami runway
Officials are investigating what caused an Amazon cargo plane to overshoot the runway after landing at Miami International Airport in a deadly incident on Sunday.
Eurozone economy grows by 0.6% quarter-on-quarter in second quarter - Eurostat
Thursday morning will hand the European Central Bank something it has been waiting months for: a first look at how the eurozone economy actually performed during the April-to-June quarter, when the oil shock was at its …
Euro: Tight range with downside bias against US Dollar – ING
ING’s Chris Turner argues that Euro fundamentals remain contained despite German regional election results highlighting political tensions for Chancellor Merz’s CDU. Solid Eurozone growth and investor confidence are off…
Historically Tight Credit Spreads Face a Test as Rates Rise
At the turn of the year 2025-26, economic growth surprised on the upside while financial market sentiment remained strong despite high uncertainty. The war in the Middle East is now putting this resilience to the test. …
UK’s biggest private hospital firm Spire agrees £1bn takeover by hedge fund
Britain’s biggest private hospital operator has agreed to a £1bn takeover by a hedge fund manager known as “the Rottweiler” for his aggressive business tactics.
Gold bears retain control as Fed hike bets and Oil-driven inflation weigh
Gold (XAU/USD) trades with a modest downside bias during American trading hours on Monday. A softer US Dollar (USD) limits the decline and helps the metal recover part of its earlier losses. At the time of writing, XAU/…
Dow Jones futures fall as inflationary risks rise
Dow Jones futures are down by 0.32% to trade near 53,270 during European hours on Monday. Meanwhile, S&P 500 futures steady near 7,720, while Nasdaq 100 futures advance by 0.31% to trade around 29,660. The US stock mark…
US Dollar: Inflation data guide blackout repricing – BNY
BNY’s Geoff Yu notes that strong U.S. payrolls have lifted September Fed hike odds back toward 60%, leaving rate expectations highly data-dependent as the Fed enters its blackout. With inflation now in focus, August Con…
De-Dollarization: Is the US Dollar Losing Its Dominance?
This Atlantic Council Strategy Paper explores the relationship between the status of the United States as a geopolitical superpower and the role of the US dollar as the world’s dominant currency. It examines how these t…