Financial Times

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.

Kamala Harris has raised $200 million in the first week of her election campaign, surpassing previous fundraising records and showing signs of progress in the polls.

Rachel Reeves is set to officially delay a series of “unfunded” hospital and road projects, as part of measures to tackle an estimated £20 billion fiscal hole left by schemes championed by the previous Conservative government.

Revolut has obtained a UK banking licence after over three years of negotiations with regulators, enhancing its growth prospects in the domestic market, reports the Financial Times.

US technology stocks have experienced a significant decline due to major companies like Tesla and Alphabet failing to meet market expectations, causing investors to shift their focus towards smaller companies and AI ventures.