US Treasury’s $1tn borrowing drive set to put banks under strain – The Financial Times
A $1tn US government borrowing spree is set to increase the strain on the country’s banking system as Washington returns to the markets in the...
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UK banks pull hundreds more home loan deals as fixed mortgage rates rise – The Guardian
Hundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage...
Bank of Canada Lifts Rates to 22-Year High, Ending Four-Month Pause – WSJ
The Bank of Canada ended on Wednesday a short-lived pause in interest-rate increases and lifted rates by a quarter-point on stronger-than-expected consumer spending and mounting...
Germany Is Running Out of Workers, Putting Growth in Jeopardy – Bloomberg
As his workers raced to meet a recent deadline, Andre Schulte-Suedhoff did something he hadn’t done in more than 20 years — he joined the production line...
World Bank Brightens View of Global Growth This Year, Downgrades 2024 – WSJ
The World Bank sees better global economic growth than previously estimated in 2023, thanks to resilient U.S. consumer spending and China’s faster-than-expected reopening in the...
World Economy Set for Weak Inflation-Plagued Recovery, OECD Warns – Bloomberg
The global economy is set for a weak recovery from the shocks of Covid and Russia’s war in Ukraine, dogged by persistent inflation and the...
US crypto investors are left with few options – CNN
Back-to-back lawsuits against two of the world’s biggest crypto enterprises are sending a chill through the fragile ecosystem of digital assets in the United States....
Generative AI could radically alter the practice of law – The Economist
Lawyers are a conservative bunch, befitting a profession that rewards preparedness, sagacity and respect for precedent. No doubt many enjoyed a chuckle at the tale...
These are some of the notable companies laying off workers – The Washington Post
The U.S. job market has been remarkably strong, even in the face of other economic head winds. More than a year into the Federal Reserve’s...
Prelude to Fed Features Two Global Rate Cliffhangers – Bloomberg
With the Federal Reserve approaching a possible pause in interest rate-hiking, two close-call decisions elsewhere in the world offer a foretaste of the quandary US...