Tax banks to give some households energy bill cut, unions tell Burnham
The TUC says a bank surcharge should be reversed - and estimates it would raise £9bn over four years.
Economy
Asian currencies steady as risk-off tone weighs, yen holds near highs
HONG KONG: The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities pushed oil prices higher and dampened risk appetite, while the Japanese yen hovered near the key 160 level t…
Chancellor urged to fix £100k childcare ‘cliff edge’ that prompts parents to cut work
John Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid employees cut back on work to avoid losing their entitlement.
Tax banks to cut energy bills, unions tell Burnham
The TUC says a bank surcharge should be reversed - and estimates it would raise £9bn over four years.
BoJ’s Masu says expect to continue raising rates given current accommodative financial conditions
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the central bank expected to continue raising interest rates given current accommodative financial conditions. However, the pace and timing of …
Australian Dollar weakens to near 0.7200 as traders await US PPI inflation data
The AUD/USD pair declines to near 0.7215 during the early Asian trading hours on Thursday. Markets turn cautious as traders brace for the release of the US inflation data later this week.
Iran war could last through end of Trump’s term- WSJ citing advisers
A credible signal that the Iran conflict could extend well beyond the midterms, rather than resolve quickly as Trump has publicly suggested, argues against pricing in a near term de-escalation for oil ($120 Brent risk).…
AI is becoming harder to control – can humans stay in charge?
AI agents went on an uncontrolled hacking spree, leaving some in the industry worried
Apple unveils $1,999 foldable iPhone Duo, pushing lineup further upmarket
iPhone Duo Colors Leak: Apple is now just a few hours away from launching its first-ever foldable iPhone, which is reportedly named iPhone Duo. With the Apple event starting soon, the upcoming iPhone Duo is tipped to la…
The one thing you need to do to succeed - according to top bosses
For some bosses, it's less about having the perfect CV and more about the way you think, the questions you ask and whether you're prepared to take a chance.
GBP/USD Range Shows Markets Doubt Sterling’s Priced Rate Advantage
GBP/USD traded 1.3557 Wednesday morning, up 0.2% on the session, after the July inflation release landed at 07:00 London time. TradingEconomics logged 1.3556, up 0.17%. The pair edged to 1.3552 immediately after the dat…
Pinterest shares tumble as CEO warns of international headwinds
The earnings miss was narrow on revenue but steep on profit. Net income fell 85% year over year to $277 million, down from $1.85 billion in the same quarter last year. Adjusted EBITDA came in at $541.5 million, below th…
Chile: Policy pause reflects fragile growth – Societe Generale
Societe Generale’s Dev Ashish reports that the Central Bank of Chile kept the monetary policy rate at 4.50% in September, as weak domestic growth offsets rising external inflation risks. The bank highlights disappointin…
Australian Dollar stabilizes as rebound in US yields supports USD
AUD/USD stabilizes around 0.7220 at the time of writing on Wednesday, after hitting a fresh four-month high at 0.7237 earlier in the day. The Australian Dollar (AUD) loses some momentum as the US Dollar (USD) rebounds, …
Bond market rebuffs US treasury’s plan to buy back $6bn in government debt
The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.
Dollar, euro little changed, yen extends rally ahead of Fed, ECB, and BoJ meetings
The Japanese yen held near a seven-month high against the dollar on Wednesday, as a surge in oil prices above $100 a barrel and a widening Middle East conflict put global investors on edge ahead of critical central bank…
Bessent Brings a Pea Shooter to a Trillion-Dollar Bond Market
U.S. Treasury Secretary Scott Bessent's plan to suppress long-term borrowing costs through larger-scale Treasury buybacks is facing an unforgiving test from the market. The Treasury Department announced Wednesday it wou…
Brent tops $100 for first time since May as U.S.-Iran military action escalates
NEW YORK—Oil prices shot past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, threatening to increase costs for consumers and businesses worldwide.
Silver Price Forecast: Rally puts head-and-shoulders pattern on ice
Silver (XAG/USD) price makes a U-turn on Wednesday and rises over 3.40% as the Greenback weakens, putting the confirmation of a ‘head-and-shoulders’ chart pattern on hold, which has formed since mid-August. The XAG/USD …
Air traffic failure was avoidable, says transport secretary
A technical failure of the UK's air traffic control system that has caused widespread flight chaos was avoidable, according to the Transport Secretary.
Dow Jones Industrial Average slides all session as the Treasury bid falls short
The Dow Jones Industrial Average trades roughly 440 points lower and under 52,400, and its session high sits within two points of the opening print.
Germany: Profit squeeze tempers price risks – ING
ING economists Carsten Brzeski and Franziska Biehl argue that while German inflation is set to rise above 3% and stay elevated into year-end, a repeat of 2022’s double-digit surge is unlikely.
Anthropic researchers say AI could cause human extinction by 2030
One researcher who resigned said many in industry believe that without regulation AI could kill off humanity
Bond Market Rejects Bessent’s Buyback and Sends Yields Higher
TL;DR: The US 10-year Treasury yield broke above 4.81% to a three-year high near 4.85%, yet the Dollar Index is sitting near support instead of rallying — a divergence that suggests markets increasingly care about wheth…