Britain’s failed tax experiment will leave economic scars and credibility issues, analysts say
“Once fiscal credibility is lost, it’s very hard to regain,” a leading think tank told CNBC.
The EU wants to limit spiking gas prices after ‘excessive’ moves this summer
The European Commission proposed Tuesday setting a limit on daily gas trading levels in an effort to avoid price spikes.
China’s military is trying to recruit ex-British Air Force pilots for training and intel, UK says
Recruitment is said to be ramping up, with former U.K. pilots being offered large paychecks to work for the Chinese.
Liz Truss’ ‘trickle-down economics’ is dead. Now the UK faces an uncertain future
Just six weeks into U.K. Prime Minister Liz Truss’ tenure and the political future of yet another Conservative leader looks to be in jeopardy.
Goldman shares jump after topping analysts’ expectations on strong bond trading results
Goldman’s traders tend to outperform other banks during periods of high volatility, which helped the firm in the third quarter.
UAE energy minister: Nothing political about any OPEC decision
UAE Energy Minister Suhail Al Mazrouei speaks to CNBC’s Hadley Gamble following the OPEC+ decision to cut oil production by 2 million barrels per day to shore up prices.
‘Powerful explosions’ triggered major gas leak on Russian pipelines, Danish police say
The findings appeared to be similar to an investigation carried out by Sweden’s national security service, which reinforced suspicions of “gross sabotage.”
European markets open higher after UK fiscal U-turns
European markets open higher after UK fiscal U-turns
Warren Buffett-backed BYD pops more than 5% after Chinese EV maker forecasts surging profits
BYD, which is backed by Warren Buffett, said sales volumes of its new energy vehicles, which include electric cars, “continued to reach record highs.”
While global central banks take on jumbo hikes, Australia took a smaller step
The central bank’s board members said they “recognized the benefits of a smaller increase,” according to minutes released from its Oct. 4 meeting.
