US borrowing costs hit highest level since 2007
US government borrowing costs climbed to their highest level since 2007 after a jump in oil prices further fuelled concerns about inflation.
US government borrowing costs climbed to their highest level since 2007 after a jump in oil prices further fuelled concerns about inflation.
A toxic mix of a potential slowing in AI spending, rising oil prices, and increased Fed rate hike bets see markets fall, but they end well off the lows.
Federal Reserve Chair Kevin Warsh said in Jackson Hole, Wyoming on Friday that inflation is still too high and that interest rates may need to rise in the coming months. He said recent data show inflation has cooled but…
How could the macroeconomic realities in 2026 impact the banking and capital markets industry’s revenues and profitability?
It has been revealed that the initial performance of the bank agency system—introduced by financial authorities to improve financial access for residents in rural areas and other regions without branches of the four maj…
In the first half of this year, auto insurance profits turned to a loss for the first time in six years. Although auto insurance premiums rose and the number of accidents fell this year, this was due to a larger increas…
[LONDON] Britain’s weak jobs market saw employers shed more workers last month, according to figures released ahead of the Bank of England’s latest interest rates decision on Thursday (Sep 17).
On July 29, Microsoft and Meta announced their earnings reports on the same day, delivering two AI performance reports with completely opposite trends.
The state pension is likely to rise by £488 next April to £13,036.40 a year, new official figures suggest.
US President Donald Trump has said fears about the safety of AI are a "hoax", as he criticised calls to have more guardrails for the fast-moving technology.
When President Donald Trump responded to mounting calls for a slowdown in the development of artificial intelligence (AI) on Monday, he was unequivocal.
August 19, 2026, 2:18 AM EDT. UK consumer-price inflation accelerated to 2.9% in July from 2.6% in June, matching economists’ expectations and moving further above the Bank of England’s 2% target. The increase was drive…
An artificial intelligence "kill switch" which can be checked by a third party may need to be mandatory for companies, a co-founder of one of the world's largest AI firms has told the BBC.
Alcohol buyers will be able to use a digital ID app on their phones to prove their age under new rules introduced on Tuesday.
Taxes paid by pubs, hotels and cinemas in Wales will fall after the Welsh government announced a 30% cut in some business rates.
Federal Reserve Chair Jerome Powell has endured nearly every crisis a central banker can face during his eight years at the helm of the Fed: blistering public attacks during President Donald Trump’s first term, an unpre…
A plan to nationalise the UK's third-largest steelworks is being developed by the government, MPs have been told.
A bruising day for blue-chips ended with the FTSE 100 down 141.6 points at 10,670.06.
August 12, 2026, 3:51 AM EDT. Hill & Smith PLC posted 8% revenue growth to $606.7m in H1 2026, led by 14% organic constant currency expansion in US operations. Underlying operating profit climbed 8% to $102.9m while mar…
Below is a look at which companies are tightening their belts and cutting staff in 2026. For last year’s tracker entries, please visit the 2025 recap article. To see which biopharmas laid off employees in the years prio…
Gold’s upside, however, remains limited. The U.S. Dollar stays strong, keeping the metal in a narrow range. The hawkish stance from Federal Reserve Chair Jerome Powell and a divided FOMC have reduced expectations for a …
NEW YORK — U.S. stock futures edged higher Monday morning, March 30, 2026, as investors weighed President Donald Trump's signals of progress in talks with Iran against persistent geopolitical tensions that have driven o…
A cross-party group of MPs and peers has identified human rights risks posed by artificial intelligence (AI) which existing laws, they argue, are ill-equipped to cover.
E-commerce giant Amazon says it is suspending work with the firm that operated a cargo plane that was involved in a fatal crash in Miami this month.