Browsing Category
Politics
Gilt yields have reached their highest level since Liz Truss’ mini-budget crisis
Yesterday, government bond yields surpassed the 5-percent level and reached their highest point ever since the Bank of England intervened in the debt markets to stop the fallout from Liz Truss’ mini-budget as well as a fire sale of…
Poland opposition take to the streets as hard-fought elections loom
On Sunday, the main opposition party in Poland filled central Warsaw with a rally to galvanize voters ahead of fiercely-contested parliamentary election due in two weeks.
Donald Tusk is the leader of the Civic Platform, an opposition…
Robert Fico wins Slovakia elections with anti-Ukraine position
Robert Fico, the anti-Ukraine ex-prime minister of Slovakia, won the highest share of votes at elections in Slovakia. This puts him on course to try and form a government coalition that could undermine Western unity in aiding Kyiv's war…
Former Wirecard executive allegedly linked to Russian spy ring
Jan Marsalek was named on Tuesday as the connection between Bulgarians who live in the UK and have been accused of spying for Russia.
German authorities suspect Marsalek in Moscow. He left Austria in a private jet for Minsk in June 2020…
Mark Carney says Truss made Britain “like Argentina” as City supports Labour
Investors are backing Labour to undermine Rishi Sunak’s efforts to restore the Conservative Party’s reputation as a party that is good with money.
Two thirds of money manager and traders who said that a Labour led government or a…
Rishi Sunak is defeated by the House of Lords for rules on river pollution
The UK government's plans to relax rules on water pollution to allow more housing construction were defeated by the House of Lords in a major defeat for Rishi Sunak’s administration on Wednesday night.
The UK Prime Minister proposed…
UK joins EU Horizon Research Programme
Officials in London and Brussels have confirmed that the UK has reached an agreement to join the EU's Horizon Research Programme. This move was welcomed by both scientists and businesses.
Rishi Sunak is expected to confirm, on Thursday,…
UK Government Slashes Health Benefits in a bid to close Fiscal Gap
The UK government is planning to tighten the conditions for those claiming health benefits in an effort to curb the rising cost of welfare, before the Treasury Autumn Statement in November.
Work & Pensions Minister Mel Stride opened a…
China calls on Brics to be a geopolitical rival of G7
This week, China will try to make the Brics group of emerging markets a rival to the G7. Leaders from around the world are gathering to discuss the largest expansion the forum has seen in over a decade.
South Africa's Cyril Ramaphosa…
Ministers warn against “fiddling” with NHS cancer targets
The government has warned UK ministers against "fiddling around" with cancer treatment targets. Senior clinicians are "driving" the changes, according to the government.
The warning was issued as the Health Department announced 900 new…
South Korean politician urges US abandon China chip strategy
A prominent South Korean legislator strongly criticised Washington’s interventions in global semiconductor industry. This is a sign that Seoul is uneasy about US efforts to enlist Asian allies in its economic security agenda.
Yang Hyang…
Fitch’s decision to downgrade US debt has a political rationale
The gods of finance can sometimes deliver choreography which will make future historians laugh. One such moment occurred in America this week.
Jack Smith, the Special Counsel for the United States announced on Tuesday a new indictment of…
UK government says energy certificates need ‘fundamental reform’ in latest green shift
Ministers are softening green policies in advance of the next election, and the government of Rishi Sunak is planning to change the energy efficiency standards for landlords. This will relieve the pressure on the housing markets.…
Office check-ups are tax-deductible to prevent staff from signing off.
Under plans to combat a recent surge in long-term illness, workers and employers will receive tax breaks worth tens or even hundreds of millions of pounds for health checkups and treatments to ensure that employees are healthy enough to…
UK Treasury calculates cost of payouts for last summer’s political turmoil
Treasury accounts revealed the cost of Britain's recent upheaval in politics on Thursday. They showed the amount of severance pay made to ministers and other officials following mass resignations and dismissals last year.
Treasury…
Sunak to support 6% wage increase for public sector employees
Rishi Sunak will likely announce on Thursday that he supports a pay increase of approximately 6 percent for the public sector in 2023-24. However, this is only after the Whitehall budgets have been restructured to make significant savings.…
Turkey agrees to support Sweden’s NATO bid in a boost to Alliance
The agreement between the two countries marks a significant breakthrough in NATO's efforts to improve its defenses after Russia's invasion.
Jens Stoltenberg, the alliance's chief, told reporters in Vilnius on Monday that Turkey would ask…
Boris Johnson’s WhatsApp messages lose legal challenge against the UK government
The UK government lost its legal challenge to the Covid-19 inquiry's request that Boris Johnson's WhatsApp message be released in full. This opens the door for the release of sensitive information about the government during the pandemic.…