Economy

BlackRock, world's biggest asset manager, says that the world has entered a new age of low growth rates and high interest rate. The report warned that will be more volatile in coming years, and that economies cannot grow as fast as they…

Since the coronavirus outbreak, defaults by Chinese borrowers are at a record-high. This highlights the severity of China's economic crisis and the challenges to full recovery. Local courts report that 8.54mn people are on the blacklist…

The International Monetary Fund has warned that central banks need to keep interest rates at high levels for another 12 months in order to defeat inflation. The Fund has called on central bankers "to pay the most attention" in order to…

The CBI's Distributive Trades Survey found that British retailers are bracing themselves for a disappointing holiday after they registered a decline in sales of 7.4% year-on-year in November. In the year up to November, sales volumes…

Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low levels in growth. The Bank of England Governor expressed concern over UK future prospects, just days after the Office for…

The CEO of the largest bank in the world compared the $9 trillion of cash released during the pandemic with heroin. He also suggested that the US Economy was addicted to debt. Jamie Dimon warned that the global economy could be impacted…

Germany will suspend its constitutional cap on new borrowings for the fourth consecutive year as it rushes in order to deal with fallout following a ruling from the country's highest court, which has left the spending plans of the nation in…

Chancellor Jeremy Hunt cut personal and business taxes by £20bn as part of his Autumn Statement aimed to boost growth. However, the UK's Budget Watchdog warned that taxes in general are still increasing at a high post-war level. The…

The European Central Bank warned that bank losses in the Eurozone will continue to rise as high rates of interest hit households, businesses and companies. ECB Vice-President Luis de Guindos stated that lenders are beginning to…

Guy Hands is one of Britain's most well-known investors. He has admitted that he regrets leaving the UK and becoming a tax exile. However, he warns others to not follow his example , if Labour increases taxes on private equity. The…

According to economists, Brexit has increased wage growth for UK as predicted by the Leave campaign. Senior City analysts stated that the near-record wage growth was partially driven by a crackdown against uncontrolled immigration…

Jeremy Hunt said on Sunday that he would put Britain "on a pathway to a lower tax economy" during this week's autumn statement, which has fueled expectations among Conservative MPs. He is expected to announce tax cuts for individuals and…

Insiders in the government have confirmed that the Cyprus Police force is investigating an oligarch's attempt to transfer a £1bn share of a public company, on a day when he was under EU sanctions. The news of the involvement by the…

The scale of the interest rate hikes has not yet been fully felt, so optimism may be short lived. The British economy seems to have escaped a bullet. is not in a recession despite a massive energy price spike last winter,…

JP Morgan says that Jeremy Hunt can cut taxes by up to £10bn in the Autumn Statement next week, as the outlook of the economy improves while inflation slows down. Allan Monks is an economist with JP Morgan. He said that he expected…

At the COP28 summit, the US will be leading a push to triple installed nuclear power capacities globally by 2050. This is a significant turn-around for this controversial technology in the climate negotiations. According to a document, the…

Hedge funds have profited from a series well-timed bets on wind energy stocks. Some are betting that the sector will continue to suffer. Marshall Wace, Qube Research & Technologies and other quantitative traders have all made…