Gerard Lyons has warned that Britain and several other major advanced economies are moving toward a sovereign debt crisis as governments struggle to rein in public spending and global borrowing
Goldman Sachs: Stocks ‘Not Yet in Bubble Territory’ Despite AI Boom
Goldman Sachs has pushed back against mounting concerns that global stock markets are entering bubble territory, saying valuations — even among artificial intelligence (AI)-linked companies — remain within reasonable bounds.
FTSE Holds Steady as Investors Await Interest Rate Direction
London stocks ended mixed on Thursday as investors digested a varied slate of corporate updates and remained cautious ahead of next week’s UK inflation figures, which could shape the Bank
UK Stocks Slip as Minister Admits Economy Is in ‘Stagnation’
UK stocks fell on Thursday after Labour minister Stephen Kinnock conceded that the British economy is in a state of “stagnation”, following disappointing growth figures.
Goldman Sachs lowered its outlook for the pound amid concerns of a runaway sell-off.
One of Wall Street’s largest banks has sharply revised its outlook for the pound, warning that an “escalation in the loop of sell-offs in UK assets” could significantly damage the
Russian ruble continues to decline against the dollar
The Russian ruble extended its decline today, losing a quarter of its value since August. It now takes more than 113 rubles to purchase one U.S. dollar.
UK economy faces a “bumpy road ahead”
Economists have cautioned that Britain faces more economic challenges ahead, following a GDP slowdown to 0.1% in the three months to September.
The UK economy ranks as the second weakest among G7 nations.
The UK economy ranked second-worst among G7 nations in the three months to September, dealing a setback to Sir Keir Starmer’s goal of making Britain a leader in economic growth.
Rachel Reeves is set to increase taxes by “at least” £15 billion to £20 billion, says Wall Street giant
Rachel Reeves is expected to introduce an additional £15 billion to £20 billion in tax increases, beyond Labour’s manifesto commitments, in her upcoming Budget next month, according to a warning
Rouble Falls to Three-Month Low Following Ukraine Attack
The rouble fell to its lowest level since late May after Kyiv launched its largest incursion into Russian territory since the war began in 2022.
Goldman Sachs removes bonus limit for top London bankers
Investment bank set to pay top UK traders up to 25 times their base salary.
Putin plans tax increases to support Russia’s faltering military efforts.
Vladimir Putin is reportedly considering significant tax increases for Russians as the Moscow government struggles to secure sufficient funds for its military operations in Ukraine.