Financial Times

Twitter’s new boss, Elon Musk, is set to slash its 7,500-strong workforce, according to the Financial Times.

After imposing the biggest interest rate raise in three decades, the Bank of England says borrowing costs will not rise as much as markets expect.

Federal Reserve officials are prepared to slow monetary tightening, but rates will ultimately rise to higher levels than expected, according to the Financial Times.

Following Shell and BP’s bumper profit announcements, the government is under pressure to impose further windfall taxes on oil and gas firms.

A report in the Financial Times alleges that Home Secretary Suella Braverman has broken the law over the Home Office’s treatment of asylum seekers.

“Catastrophic” spike in global food prices will result from Russian President Vladimir Putin’s decision to pull out of a lucrative grain deal with Ukraine, the Financial Times reports.

A report in the Financial Times highlights Elon Musk’s purchase of Twitter, despite the fact that the value of many big tech companies has been slashed as a result of the recession.

The FT reports that big US technology firms have lost more than $550 billion in value in a week.

Markets calmed after Chancellor Jeremy Hunt delayed the fiscal statement from Halloween to November 17, according to the Financial Times.