UK financial markets have been plunged into chaos since the government announced £160 billion ($174 billion) of unfunded tax cuts last Friday. The pound has hit a record low against the dollar, gilt yields have spiked and on Wednesday the Bank of England pledged unlimited buying of long-dated bonds to avert an imminent market crash.
Researchers say the demands, some from groups with fossil fuel ties, attempt to muzzle their voices.
The London Metal Exchange is launching a discussion paper that marks the first step toward a potential ban on new supplies of Russian metal, according to people familiar with the matter.
Former Treasury Secretary Lawrence Summers likened the array of risks confronting the global economy to the pre-crisis summer of 2007, with the UK’s current troubles just one example of potential breakdowns.
(Bloomberg) -- Already shaky market sentiment took a gut punch on Thursday after used-car dealer CarMax Inc’s latest quarterly results laid bare the plight of US consumers stuck between high inflation and climbing interest rates.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}