Politics
Next forecasts bigger profits after hot weather lifts sales
Next has thanked warmer weather for an “unexpected” boost in sales, leading the clothing retailer to raise its profit forecasts for the fourth time this year.
Politics
Politics
Peers call for UK to enact tobacco-style ban on gambling advertising
The UK should introduce a ban on almost all gambling advertising to protect public health, a cross-party group of peers has urged, prompting fury from the lobby group for bookmakers and casinos.
Politics
Trump calls for interest rates of 1% after Fed’s first hike since July 2023
The Federal Reserve raised interest rates Wednesday — a move that puts new Fed Chair Kevin Warsh squarely at odds with President Donald Trump’s demands for lower borrowing costs.
Politics
Why Trump's hand-picked Fed chair defied him by raising interest rates
US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to…
Politics
Interest rates hold expected but Bank of England facing tough choices
Policymakers at the Bank of England are expected to keep interest rates unchanged despite price rises accelerating due to the prolonged conflict in the Middle East.
Politics
US Federal Reserve raises interest rates for the first time since 2023
The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation.
Politics
‘Made in Europe’ law threatens UK plans for reset with EU
The UK government’s EU reset summit will be delayed again unless the bloc agrees to discuss legislation that could lock British business out of parts of EU industry, government sources have said.
Politics
US interest rates raised for first time in three years
US interest rates have been raised for the first time in more than three years and could be increased further in a bid to slow rising prices.
Politics
Watch: How will higher interest rates impact US consumers?
Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data …
Politics
Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 12 â 0 vote:
Politics
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
As the US Federal Reserve’s two-day policy meeting gets underway, investors are closely watching not just the interest-rate decision but also what policymakers signal about the path of rates ahead. A key part of that gu…
Politics
Saudi Aramco targets half East-West pipeline capacity within days - Bloomberg
The global oil market is running out of safety nets. Prices are unlikely to fall below $100 per barrel anytime soon, analysts said, with traders increasingly pricing in a significant loss of regional supply as Saudi Ara…
Politics
Reform-linked thinktank ‘to call for big tax cuts for the rich’
A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich.
Politics
SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
Welcome to the McGuireWoods Quarterly Securities & Capital Markets Update, a review of important securities law developments from the previous quarter that alerts readers to significant considerations for the upcoming r…
Politics
UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter
UK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households.
Politics
Sunderland gets its Kicks: Nissan to invest £170m to build new hybrid SUV
Nissan has said it will invest £170m to build a new SUV at its factory in Sunderland – but said the move was subject to the UK weakening its electric vehicle sales mandate.
Politics
Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands
Today's inflation figures underscore that the economy is the biggest challenge facing Andy Burnham.
Politics
Amazon to launch Ring ‘neighbourhood watch’ app in UK amid US privacy fears
Amazon’s doorbell camera maker Ring is to launch its Neighbours community app in the UK in an attempt to supplant neighbourhood WhatsApp or Facebook groups.
Politics
Mayors and other local leaders could be given powers to oversee water firms
Mayors and other local politicians could be given powers to oversee water companies under plans being considered by the UK government to bring utilities under greater public control.
Politics
EU invites Canada to become bloc’s first ’associate member’
European Commission President Ursula von der Leyen told Canadian Prime Minister Mark Carney on Wednesday that she wants to open the door for Canada to become the European Union’s first associate member.
Politics
The Global Story
WASHINGTON — The U.S. military hit targets in Iran on Tuesday and Tehran fired missiles and drones at various sites across the region in response as hostilities flare once again in an intermittent war that has lasted mo…
Politics
Crypto firms get guidance on how the new regime applies
New FCA guidance will help firms understand how the law underpinning the UK's future cryptoasset regime applies to their business. It also sets out which activities may require FCA authorisation.
Politics
Petrol and diesel price rises push UK inflation higher
Rises in petrol, diesel and airfares pushed UK inflation up to its highest level in five months in the year to August.
Politics
‘We need to get it right’: union gusto for Burnham will face make-or-break tests
Louise Haigh, the UK first secretary, got a standing ovation from trade union members in Brighton this week, as she acknowledged what she called “the necessity to be bolder in this second chance that we’ve been allowed”.