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Pressure rises on Bank of England and the Fed as the interest rate debate gets political
The Bank of England is preparing to announce a cut in UK interest rates on Thursday, with central banks around the world facing increased scrutiny as Donald Trump ramps up his attacks on the US Federal Reserve.
Trump wants lower borrowing costs to boost the economy, even though the US …
Pressure grows on EU to freeze minerals deal with Rwanda over DRC fighting
The EU is under mounting pressure to suspend a controversial minerals deal with Rwanda that has been blamed for fuelling the conflict in the east of the
Democratic Republic of the Congo
.Calls to freeze the agreement have grown after fighters from the Rwanda-backed M23 rebel group …
Trump tariffs: markets brace for falls as Mexico and Canada hit back
Investors are bracing for stock market falls after Canada and Mexico hit back against
trade tariffs imposed by Donald Trump
this weekend.Trading on brokerage IG’s weekend markets indicate shares are likely to fall on Monday, after the US president signed an order on Saturday to
UK seeks smoother trade with EU but customs union is ‘red line’, Cooper says
Keir Starmer will seek to improve customs arrangements with Europe without returning to a full union with the bloc, the home secretary has said.
As the prime minister heads to Brussels as part of his attempted reset with the EU, Yvette Cooper said it was still a red line that …
Starmer should end UK’s ‘cycle of hesitation’ with EU, says Neil Kinnock
Labour needs to end its “cycle of hesitation” over Europe and press ahead with an ambitious new relationship with the European Union, the party’s former leader Neil Kinnock has said.
Keir Starmer will head to a Brussels dinner with EU leaders this week as he attempts to negotiate a security …
Does Labour really think Trump is a better bet than the EU? | William Keegan
The world at war: the flashpoints that the west ignores
Reeves’s Heathrow expansion plans leave Labour’s green agenda grounded
In 2020, Rachel Reeves, the MP for Leeds West and Pudsey, was clear why she opposed expansion of nearby Leeds Bradford airport. It would, she said, “significantly increase air and noise pollution”, so on environmental grounds, it should not happen.
By the autumn of 2021, as shadow chancellor, Reeves was …
Can we build it? No – because Britain may not have enough workers
Even a nonexistent Heathrow third runway or HS2 northern leg have arguably done their bit for the economy: keeping a small army of planners, lawyers and lobbyists busy over years of tussle between the “builders and the blockers”, as Rachel Reeves has styled them.
Now the blockers are, as the …
As DeepSeek upends the AI industry, one group is urging Australia to embrace the opportunity
One Australian company has tentatively blocked staff from using the technology, others are scrambling for advice on its cybersecurity implications – while federal government ministers are urging caution.
But others have welcomed DeepSeek’s arrival, calling for Australia to follow China’s lead in developing powerful yet less energy-intensive AI technology.
In …