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Global Consumer Price Anger Creates Political Storm Across Advanced Nations
Political leaders across developed economies are grappling with persistent public discontent over high prices, despite inflation rates returning to normal levels. The unprecedented surge in living costs has created a toxic legacy that…
Elon Musk Set To Reap Massive Benefits From Trumps Return To Power
The world's wealthiest individual, Elon Musk, stands poised to capitalise significantly on Donald Trump's presidential victory. The Tesla CEO's substantial political investment of over $100 million in Trump's campaign appears to be yielding…
Trump Victory Sends Global Markets Into Strategic Repositioning Mode
Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead.
The immediate…
Fed Set To Cut Interest Rates By Quarter Point Despite US Election Uncertainty
The Federal Reserve appears ready to implement a quarter-point reduction in its benchmark policy rate next week, maintaining its strategic direction despite a skewed employment report and clouded economic policy outlook surrounding the…
Trump and Harris Locked in Fierce Battle as US Presidential Race Enters Final Hours
In a dramatic culmination of the US presidential race, Donald Trump has intensified his confrontational rhetoric while Kamala Harris maintains an optimistic message as both candidates traverse crucial battleground states in the campaign's…
Bitcoin Surges Past £72000 As Markets Price In Trump Victory Prospects
Bitcoin has climbed to remarkable heights, reaching £72,784.40 in New York trading on Tuesday, marking a six-month peak as investors increasingly align their positions with potential US election outcomes. The cryptocurrency's movement…
Look to Russia and China for the real reason why gold prices are soaring
A retailer is rare even in this exclusive district of London's St James's Street. Among the gentleman's clubs, shops that sell top-end cigars and shotguns are a number of retailers who have specialized in selling these items.
Sharps…
The average partner pay in top US law firms has risen to a record $1,4 million
According to a major survey, partners at large US law firms earn more than ever. The average compensation is $1.4mn.
Major, Lindsey & Africa, a recruitment specialist, surveyed 200 of the top lawyers in the country and found that the…
Watches of Switzerland is urged by an activist to relocate their listing from New York to New York
Gatemore Capital Management, an activist investor, has called on Watches of Switzerland (formerly Watches of Switzerland) to move to New York and join the exodus of London listed companies.
Gatemore, the company that holds 1.9 million…
IMF warns Trump’s trade tariffs may damage the global economy, but it also upgrades UK outlook
The International Monetary Fund warned that the tariffs proposed by Donald Trump, the US presidential candidate, could harm global growth and upgraded its forecasts for the UK's economy.
The Washington-based organization said that…
Hunting reduces profit forecast as oil prices fall
Hunting has had to reduce its profit forecast for this year due to falling oil and gas prices, and a slowdown on the US Onshore Market.
The FTSE 250 company that provides oil and gas services said it expects its adjusted earnings to be…
IMF raises forecast for UK economy to 1.1% growth
The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this year. This is a great boost for chancellor Rachel Reeves as she prepares to present her first Budget.
The Washington-based…
Gold prices continue to record highs amid geopolitical tensions
Gold's price has continued its strong rally, and reached a new high. Investors have flocked to gold as a safe-haven asset amid the expectation of more interest rate cuts by central banks.
Bullion reached a new record price of nearly…
Rentokil’s US performance exceeds expectations
Rentokil Initial (FTSE 100), the pest control company, has reported slightly better-than-expected performance in the US, as it continues to integrate Terminix, its North American business acquired in a £4.5 billion deal two years ago.…
PwC pays British American Tobacco £132m for flawed audit
PwC paid British American Tobacco £132 million for its involvement in a "deeply faulty" audit of an affiliate of the tobacco giant, accused of dumping toxic chemical into two US rivers.
The UK manufacturer of Lucky Strike, Dunhill and…
Florida examines wreckage caused by Hurricane Milton
On Thursday, rescue operations began in Florida as officials assessed the damage caused by Hurricane Milton. The storm had crossed the state over night and left millions of people without electricity.
Florida Governor Ron DeSantis said…
US inflation drops to 2.4%, raising hopes for a base rate reduction
Last month, the consumer prices in America declined more slowly than anticipated as rising food and housing costs drove inflation.
According to the Bureau of Labor Statistics, the consumer price index (CPI), rose by 0.2 percent in…
Hurricane Milton hits Florida
On Wednesday evening, Hurricane Milton hit Florida's heavily populated west coast. The storm brought life-threatening floods and extreme winds for the second time within two weeks.
US National Hurricane Center reported that the cyclone,…