UK energy bills to rise 2% in October as debts hit record £4 billion
UK households are bracing for higher energy costs from October, as the national price cap is set to rise by 2%. Ofgem, the energy regulator, confirmed that the cap will…
Economy
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Zinc prices rally on US rate cut hopes, despite supply oversupply
Zinc prices surged above the $2,800 per ton threshold on Friday, buoyed by hopes of an early US interest rate cut following the Federal Reserve Chairman Powell’s speech. However, the sustainability…
Trump threatens China with ‘200%’ tariff on critical magnet supply
In a dramatic escalation that threatens to shatter a fragile trade truce, US President Donald Trump has issued a stark ultimatum to Beijing, warning of crippling new tariffs if China…
‘I will not resign’: Fed Gov Lisa Cook defies Trump in an extraordinary power struggle
In an unprecedented and explosive assault on the independence of the US central bank, President Donald Trump has declared he is immediately removing Federal Reserve official Lisa Cook from her…
Papa John’s to re-enter India in October with 650-store expansion plan
Papa John’s International is set to make a comeback in India this October, nearly eight years after it shut down operations in the country following years of underperformance. The US…
Europe markets open: Stocks fall as Trump’s Fed firing sparks global turmoil
A political shockwave emanating from Washington is set to send European markets tumbling at the open on Tuesday, as investors grapple with an unprecedented assault on the independence of the…
The coming Fed pivot: what it means for markets now
The Federal Reserve is edging closer to another rate cutting cycle. The last time the benchmark interest rate was reduced was in December 2024.After two years of fighting inflation with…
Germany wants to revive its military but the economy says no
Germany is spending more on defence than at any time since World War II. Yet the country cannot find enough young people willing to join the armed forces.At the same…
Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs
At the 2025 Jackson Hole Symposium, Fed Chair Jerome Powell addressed the effects of President Trump’s tariffs on the US economy. He noted that the tariffs are already pushing up…
Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations
President Donald Trump escalated his pressure campaign on the Federal Reserve Friday, vowing to fire Governor Lisa Cook if she does not resign. The threat comes amid allegations of mortgage…