Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis – Bloomberg
Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s...
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41% of companies worldwide plan to reduce workforces by 2030 due to AI – CNN
Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey...
Why Long and Short Interest Rates Fell Out of Step – Bloomberg
Since mid-September, the US Federal Reserve has cut benchmark interest rates by 100 basis points. Yet the yield on 30-year Treasury bonds has risen by...
UK long-term borrowing costs hit highest level since 1998 – The Financial Times
The UK’s long-term borrowing costs have hit their highest level since 1998, as a bond sell-off threatens to wipe out the “headroom” chancellor Rachel Reeves...
Apple steps up expansion of its News platform – The Financial Times
Apple is stepping up plans to expand its News app, as the US tech group becomes an increasingly powerful force in driving revenues across the...
French Consumers End 2024 in a Pessimistic Mood as Layoff Concerns Mount – WSJ
French households ended the year on a gloomy note as concerns around job cuts added to the country’s enduring political deadlock. Confidence fell to 89...
Would an artificial-intelligence bubble be so bad? – The Economist
Alittle over a decade ago Seth Klarman, a hedge-fund titan, worried that an asset-price bubble was emerging. He identified Tesla as one of the firms...
German Factory Orders Fall Again as Manufacturing Weakness Persists – WSJ
Manufacturing orders in Germany slumped in November, an additional signal of weakness of the sector that could be threatened further by tariffs proposed by the...
Eurozone Inflation Climbs Further Above ECB Target – WSJ
Inflation in the eurozone rose further above the European Central Bank’s target in the final month of 2024, although that is unlikely to dissuade policymakers...
UK food price inflation hits 3.7%, the highest level since March – The Guardian
Food price inflation jumped to 3.7% last month, the highest level since March, helping fuel a bumper season for supermarkets. Sales at the big grocery...