Pimco anticipates that continued falls in inflation will enable the Bank of England to introduce deeper interest rate cuts, as slowing wage growth and the fading impact of one-off factors are expected to improve the economic outlook over the coming year.
The Eli Lilly chief executive has joined other major pharmaceutical companies in criticising the current UK drug pricing system, warning it deters investment and threatens access to new medicines.
Nvidia has lined up a potential $100 billion investment to take a major stake in OpenAI, pledging to supply millions of AI chips and build data centres to power its ambitious growth.
The UK, Canada and Australia have formally recognised Palestine as an independent state, with a co-ordinated announcement aiming to support a two-state solution and increase diplomatic pressure on Israel amid ongoing international debate.
Keir Starmer is planning to introduce a digital identification scheme to help address concerns over illegal migration and improve right-to-work checks, aiming to modernise the approach while maintaining secure borders.
Donald Trump urged the PM to deploy the military to stop illegal immigration, while praising a new £150bn investment in Britain and holding firm differences over international affairs.
The Federal Reserve has reduced interest rates by a quarter point and indicated further cuts are likely this year, amid concerns over economic growth and the jobs market.
Concerns are growing over the impact of lower productivity on government finances, with Rachel Reeves facing heightened pressure to fill a larger fiscal gap as watchdogs prepare to cut their forecasts and fears arise over the long-term sustainability of tax and spending plans.
Trump has encouraged US companies to stop publishing quarterly financial reports in favour of longer-term planning, prompting debate over corporate governance and executive accountability.
The Fed is set to reduce interest rates for the first time this year as US job growth slows, offering borrowers welcome relief while facing political pressure and internal dissent.