Embattled UK PM Liz Truss holds crunch talks as political crisis escalates
U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges.
The chaotic 24 hours that rocked Britain’s political scene and left the UK leaderless
An extraordinary few days in British politics plunged embattled Prime Minister Liz Truss into turmoil, ultimately leading to her resignation on Thursday afternoon.
Europe’s $9 billion digital bank N26 launches crypto trading service amid bear market
An N26 executive said interest in cryptocurrencies “remains super high, even in a bear market.”
Is it time to invest in China’s internet giants? Two strategists weigh in
Investors are beginning to think twice about whether buying into China’s highly regulated technology sector is worth the risk.
10-year Treasury yield tops 4.2% for first time since 2008
Treasury yields were higher on Thursday, trading at the highest levels in more than a decade.
Macron’s government decides to pass budget without vote
The French government is seeking to bypass the National Assembly after opposition lawmakers proposed numerous amendments to its budget.
What China’s big party congress this week means for the economy
The twice-a-decade Chinese leadership meeting this week has implications for which parts of the economy will receive support or pressure, Natixis analysts said.
Japanese yen hits 150 against the U.S. dollar, weakest levels not seen since August 1990
The Japanese yen weakened past 150 against the U.S. dollar, a key psychological level, reaching levels not seen since August 1990.
European markets lower as economic uncertainty persists, bond yields rise; UK politics in chaos
European markets were lower on Thursday morning as investors assessed continuing economic uncertainty, a sharp rise in bond yields, and political chaos in the U.K.
Akzo Nobel suspends 2023 outlook due to macroeconomic headwinds
Akzo Nobel has suspended its 2023 core profit outlook, citing macroeconomic turbulence which is negatively affecting consumer confidence.
