Chancellor Rachel Reeves has pledged to focus on investment in the upcoming Budget, introducing economic “guardrails” to alleviate concerns while welcoming scrutiny from the Office for Budget Responsibility.
Oil prices have surged following President Biden’s remarks on a potential action concerning Iran, as the US and its allies encourage Israel to exercise restraint amid market speculations.
OpenAI has raised $6.6 billion in funds and is urging investors not to support its competitors, valuing the ChatGPT maker at $150 billion in a strategic move to limit competition.
Iran has launched a missile assault on Israel, hitting central and southern areas just hours after an IDF ground offensive in Lebanon, with many of the 180 rockets being intercepted.
The United States has stated that Israeli forces are preparing for a significant ground assault in Lebanon, with coordination from Washington and additional deployments from the Pentagon to the region.
Israel has intensified its air campaign against Iranian-backed militants, targeting Houthi forces in Yemen and Hezbollah in Lebanon, as the region faces escalating violence.
The UK faces a massive funding shortfall in capital projects, with £700 billion of public needs currently unfunded and calls to revise the existing debt regulations.
Reeves is considering softening the tax policy for wealthy non-domiciled residents, amidst doubts over the potential to generate the projected £3bn annually.
The FBI is investigating whether a prominent venture capital firm, Hone Capital, compromised sensitive technological information due to its connections with Chinese investors, raising concerns over potential threats to Silicon Valley’s trade secrets and intellectual property.
China has implemented an aggressive stimulus plan to achieve a 5% growth target, including measures such as reducing interest rates, boosting market funding, and providing support for the property sector and stocks.