Weekly wrap: A US shutdown; a UK terror attack; a Gaza peace plan
A week of high drama and significant global developments has seen the US government grind to a halt, a deadly terror attack strike a synagogue in the UK, and a…
Economy
1513 posts
Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’
Japanese shares are expected to continue setting new records after fiscal dove Sanae Takaichi won the leadership of the ruling Liberal Democratic Party (LDP) this Saturday and positioned herself to…
Geopolitical tensions fuel oil price gains, but supply concerns may limit upside
Oil prices saw an increase on Thursday, recovering from three previous sessions of losses. This rise was attributed to the potential for stricter sanctions on Russian crude, which offset ongoing market…
Tesco lifts profit forecast as summer, price cuts, Clubcard boost sales
Tesco, Britain’s largest supermarket group, raised its full-year profit forecast on Thursday after a strong first half in which hot weather and competitive pricing helped it win market share from…
Trump unveils 20 point Gaza peace plan backed by Netanyahu
US President Donald Trump announced on Monday that Israeli Prime Minister Benjamin Netanyahu had agreed to a 20-point plan intended to end the war in Gaza, framing the development as…
Analysis: OPEC+ to flood market, oil prices brace for plunge
The oil market is expected to remain in a large surplus in the coming months as OPEC+ plans to increase production further during November and December. Experts believe that further oil…
Weekly wrap: TikTok deal, pharma tariffs, crypto crash and Nvidia OpenAI deal
This week was marked by sweeping moves from the White House, sharp turbulence in cryptocurrency markets, and a controversial shift in US health policy. Here’s a breakdown of the key…
SSP Group shares jump as hedge fund Irenic reportedly explores take-private deal
Shares of SSP Group rose sharply on Thursday after a Financial Times report that activist hedge fund Irenic Capital Management is exploring a potential take-private deal for the UK-listed food…
TikTok set for US ownership, Oracle to lead algorithm control: White House
The White House confirmed a groundbreaking deal to keep TikTok’s American operations largely under US control, with Oracle stepping up to lead the charge on algorithm oversight. While speaking at…
Why Blackstone’s $135 billion investment is not transformative for UK economy in 2025
In a high-profile announcement coinciding with President Donald Trump’s state visit to Britain, US investment giant Blackstone pledged a staggering £100 billion (approximately $135 billion) toward UK assets over the…