Financial Times

Google and Meta secretly collaborated to target Instagram ads at teenagers on YouTube, bypassing Google’s own policies for minors, reports the Financial Times.

H2O Asset Management has agreed to pay investors €250 million to avoid a fine from the Financial Conduct Authority (FCA) for serious failings, including breaches on illiquid investments and issues linked to financier Lars Windhorst.

The Financial Times reports that Kamala Harris has selected Minnesota governor Tim Walz as her vice-presidential candidate for the upcoming election.

Global stock markets have fallen sharply due to fears of a US recession, prompting investors to dump risky assets, with Japan’s index experiencing its worst day in 37 years and significant declines on Wall Street and in Europe.

The Financial Times highlights Sir Keir Starmer’s remarks on the recent riots in various English towns and cities.

US job data indicating a sharp slowdown in hiring has driven a global sell-off in the stock markets, leading to significant declines in the Nasdaq, as well as financial markets in Japan, the UK, and Europe.

The Bank of England has cut interest rates for the first time in more than four years, reducing them to 5% as confidence in tackling inflation grows.

Iran has vowed revenge on Israel following the assassination of a Hamas political leader in Tehran, sparking fears of an escalation in regional tensions.

Rachel Reeves has warned that the upcoming Budget will result in tax increases as the government grapples with a £22 billion fiscal shortfall, with the debate intensifying between her and Jeremy Hunt, and asylum costs at the heart of the ongoing financial issues.

Rachel Reeves has announced a series of difficult measures, including potential tax increases and cuts to winter fuel payments, roads, and hospital schemes, to address a £22 billion fiscal deficit in the UK.