U.K. Can Expect Two Rate Cuts This Year, Breach of Fiscal Rules, Leading Economic Research Institute Says – WSJ
The Bank of England will likely lower its key interest rate twice this year, with a first move in August, despite a weak outlook for...
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‘The next decade belongs to India’: Meet the winners of rising power’s economic boom – CNN
As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra...
Bank of Canada Says Households Can Cope With Higher Rates – Bloomberg
The Bank of Canada says households can weather higher borrowing costs, but flagged rising asset valuations and financial stress among renters as risks to the...
The four-day work week is here to stay at UK companies that tried it – CNN
One year after the conclusion of the world’s biggest trial of a four-day work week, a large majority of companies that took part were still...
Pandemic-era winners suffer $1.5tn fall in market value – The Financial Times
Fifty corporate winners from the coronavirus pandemic have lost roughly $1.5tn in market value since the end of 2020, as investors turn their backs on...
Profits Are Booming—and That’s Shielding the Economy – WSJ
Job growth took a step down in April, as reported in Friday’s employment numbers. But there is a world of difference between a slightly weaker...
Gen Z Sinks Deeper Into Debt – WSJ
Young Americans are starting out with more credit-card debt than generations before them. That financial burden can have long-lasting effects. The rising debt load largely...
UBS makes first profit since Credit Suisse rescue – CNN
UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed...
Americans have spent their savings. Economists worry about what comes next – CNN
Americans saved quite a bit of money during the pandemic: $2.1 trillion worth, to be exact. That extra cushion meant that consumers kept spending in...
Higher rates boost bankers to troubled companies – The Financial Times
Revenues at boutique banks are surging as high interest rates force more companies to seek advice on how to restructure debt and tap fresh liquidity....