OECD: UK economy faces “urgent” challenges as growth downgraded and inflation remains high November 29, 2023 New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.
Bermuda to London: Hunt plots move to supercharge London insurance market November 29, 2023 The Chancellor, Jeremy Hunt, announced in his Autumn Statement that the Government plans to consult on a new framework to encourage the establishment of captive insurance companies in the UK.
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
The Global Investment Summit shows the creaking gears of the UK state whirring quietly into life November 28, 2023 The summit marked the creaking, occasionally conflicting gears of the British state joining for an outright celebration of the country’s business climate.
GSK’s blood cancer drug shows promise in late-stage trial November 27, 2023 GSK said on Monday its blood cancer drug Blenrep, when used as a second-line treatment in patients with myeloma, met its primary goal.
Bank of England to give UK GDP a ‘modest’ upgrade after Autumn Statement, analyst claims November 27, 2023 In last week's fiscal event, Chancellor Jeremy Hunt unveiled a fiscal loosening worth £18bn, the majority of which came from tax cuts.
Global scramble for Uranium spells trouble for UK’s nuclear plans November 27, 2023 City A.M.’s energy editor Rhodri Morgan delves into the sector’s challenges in his weekly column. The global rush for Uranium, and the consequential price spike, could pose a major headache for the UK’s nuclear power ambitions. Nuclear power currently provides about 10 per cent of the world’s electricity. And, despite this relatively small market share, [...]
Central banks to stress higher for longer rates narrative as traders bet on cuts November 26, 2023 A range of prominent central bankers will be speaking this week as markets look for clues on the future path of interest rates.
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