Sunak warns of risk that markets lose faith in UK economy
Rishi Sunak, Tory leadership contender, has warned that it would be “complacent and irresponsible” to ignore the risk of markets...
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Morgan Stanley orders internal lawyer to supervise block trading desk
Morgan Stanley has ordered an internal lawyer to shadow the unit entangled in a federal investigation into block trading, underscoring...
Investors ramp up bets against euro as energy crisis intensifies
Investor bets that the euro will fall in value have reached their highest level since the pandemic hit Europe more...
ECB officials warn of ‘sacrifice’ needed to tame surging inflation
A larger “sacrifice” will be needed to tame inflation than in previous bouts of monetary policy tightening, according to European...
UK households to be hit by 80% rise in energy bills
The scale of the challenge facing the UK’s next prime minister was laid bare on Friday when the energy regulator...
Truss considers triggering Article 16 over N Ireland protocol
Liz Truss is considering plans to trigger “Article 16” proceedings against the EU over the Northern Ireland protocol within days...
UK faces ‘cost of doing business’ crisis as energy bills rise fourfold
British companies face a “cost of doing business crisis”, ministers have been warned, with many commercial energy bills poised to...
Shielding UK families from fuel bills crisis forecast to cost £100bn
One of the UK’s largest energy groups has told ministers that a rescue plan to protect households from rising bills...
Investors struggle to trade eurozone debt without ECB safety net
German government bonds are recording their biggest swings since the eurozone debt crisis a decade ago as the European Central...
Top Russian diplomat dismisses hopes of negotiated end to Ukraine war
Moscow sees no possibility of a diplomatic solution to end the war in Ukraine and expects a long conflict, a...
Investors warn of ‘disconnect’ as markets price in early Fed rate cut
Some investors are warning of a mismatch between market expectations and the Federal Reserve’s stated commitment to stamping out inflation...
Investors fret over durability of summer rally in US markets
Investors are raising red flags over a stock market rally that has added more than $7tn in value to US...
UK consumer confidence hits record low as household mood darkens
UK consumer confidence has fallen to its lowest level since comparable records began almost 50 years ago as the rising...
Fed officials signal restrictive rates may be needed ‘for some time’
Federal Reserve officials discussed the need to keep interest rates at levels that will restrict the US economy “for some...
Gas markets leap on both sides of Atlantic as traders search for supplies
The global energy crisis deepened on Tuesday as a further surge in natural gas prices in Europe and the US...
New UK lender plans 50-year fixed rate mortgages
A new lender has been granted a licence by UK financial regulators to offer mortgages with fixed rates of up...
US lawmakers draw battle lines over search of Trump home
US lawmakers demanded more information about the potential threat to national security posed by Donald Trump’s hoarding of classified documents,...
UK’s debt and welfare payments bill set to soar by more than £50bn
The winner of the Conservative party leadership contest will face huge additional costs of servicing the nation’s debt and paying...
Trump under investigation for possible violation of US Espionage Act
Donald Trump is under investigation for potentially mishandling information related to US national defence in violation of the Espionage Act,...
US justice department moves to unseal warrant for search of Trump residence
US attorney-general Merrick Garland said the justice department had moved to unseal the search warrant and the list of items...
UK energy groups under pressure to use windfall profits for green investment
Britain’s electricity generators will face pressure from ministers to invest their “extraordinary profits” in new green energy projects, rather than...
