Thanks for joining me. The Asian stock markets are facing chaos due to an accelerating sell-off in US government bonds. Equities in Japan, South Korea, Hong Kong, Taiwan, Sydney, and more have all experienced a sharp downturn. In Asian trading, US Treasuries continued to decline, causing yields on the 10- and 30-year notes to approach …
Thank you for joining us. The housing market continues to face challenges as house prices have declined for the eighth consecutive month. This decline is due to buyers facing higher borrowing costs. In September, property values dropped by 5.3%, which is the same rate of decline as the previous month, according to Nationwide. Start Your …
Thanks for joining me. China’s ambition to become the world’s largest economy is facing challenges due to the consequences of zero-Covid policies. A recent study by Bloomberg Economics suggests that China’s gross domestic product (GDP) will not surpass that of the US until the mid-2040s. Even then, it may only lead by a small margin …
Incredible Discounts on House Prices Lure Buyers Back to the Market Discover the largest discounts on house prices in the past four years, enticing buyers to enter the property market. On average, homes are being sold for 4.2% (£12,125) below their asking prices, according to Zoopla, a leading property website. In September, discounts reached their …
Jeremy Hunt downplays hopes of tax cuts in November Autumn Statement, citing high inflation and spiralling debt interest costs as constraints. The Chancellor cautions that reducing taxes could worsen inflation by increasing people’s spending power when price rises have been unexpected. In an interview with Bloomberg TV, he states, “We must be careful not to …
The International Energy Agency (IEA) has emphasized the need for an annual investment of $4.5 trillion (£3.7 trillion) from the beginning of the next decade to achieve net zero emissions by 2050. The IEA, based in Paris, stated that the remarkable growth in clean energy technology, such as solar panels and electric vehicles, makes it …
Electric vehicle manufacturers could face a hefty £3.7bn bill in the next three years if the EU implements tariffs on trade between the bloc and Britain. Industry leaders have warned that factories may need to reduce production by up to 480,000 vehicles during this period unless the so-called “rules of origin” regulations are abandoned. The …
Opec’s leader defends massive oil production cuts, compares them to actions of central banks, as oil prices surge to a new 10-month high. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, defended the Opec+ cuts, as Brent crude oil prices approached $95 per barrel. Oil prices have risen by over 30% since late June and …
Retail sales experience a strong rebound in August following a damp July. In other news, the Competition and Markets Authority has concluded its initial review of Microsoft’s acquisition of Activision for $69 billion. Additionally, gas prices are in the spotlight after Chevron workers agreed to end strikes at plants in Australia. Here are five key …
Welcome to this momentous day as the Bank of England is preparing to make its next announcement on interest rates. In a recent report from the Office for National Statistics, it was revealed that public sector borrowing in August saw an increase compared to the same period last year. With £11.6 billion borrowed last month, …