British government performs major U-turn on tax cuts. But markets are far from convinced
A major reshuffle and the scrapping of a key tax-cutting pledge by U.K. Prime Minister Liz Truss on Friday wasn’t enough to placate markets.
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
The Federal Reserve’s campaign to tame high inflation here in the U.S. has been felt around the world.
U.S. satellite giant Viasat’s $7.3 billion takeover of UK rival Inmarsat faces in-depth competition probe
The U.K.’s competition regulator is worried the deal would lead to higher prices for onboard Wi-Fi on plane flights.
Oil protesters arrested after throwing tomato soup at Van Gogh painting
Two activists from campaign group Just Stop Oil have been arrested after throwing tomato soup on Vincent Van Gogh’s famous “Sunflowers” painting.
UK PM Liz Truss announces another huge U-turn and names Jeremy Hunt as finance minister
British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister.
JPMorgan Chase tops estimates as bank reaps more interest income than expected after jump in rates
JPMorgan Chase on Friday posted results that topped analysts’ estimates as the biggest U.S. bank by assets took advantage of rising rates.
Musk says SpaceX cannot fund Starlink in Ukraine ‘indefinitely’ after report he asked Pentagon to pay
Elon Musk has claimed that the Starlink Ukraine operation has cost SpaceX $80 million so far, and will exceed $100 million by the end of the year.
Putin says mobilization to end in two weeks; Musk says SpaceX will stop funding Starlink in Ukraine
Ukrainian forces continue to gain ground in territory occupied and annexed by Russia, with Kyiv saying it has liberated some 600 settlements this month.
UK markets await major press conference as finance minister’s future hangs in the balance
Prime Minister Liz Truss is under immense pressure to rethink her economic policies as opinion polls show support for her government has collapsed.
UK’s Royal Mail reveals plans to cut up to 6,000 jobs by next summer
The news follows a summer of strikes by postal workers in the U.K.
