Reeves Wraps Up Grim Spending Talks Amid Council Bankruptcy Fears

Amid Talk of Fascism, Trump’s Threats and Language Evoke a Grim Past

Plenty of presidents have been called dictators by their political opponents, but none until now has been publicly accused of being a “fascist” by his own handpicked advisers.

Top stories - The New York Times - October 27

Reeves to force council pensions to consolidate into 8 ‘megafunds’

Chancellor to target minimum size for multiemployer defined contribution schemes of £25bn to £50bn

Business - Financial Times - November 13

As Russia Advances, U.S. Fears Ukraine Has Entered a Grim Phase

Weapons supplies are no longer Ukraine’s main disadvantage, American military officials say.

World - The New York Times - November 1

FirstFT: Media groups prepare for election night disinformation

Also in today’s newsletter, bets on US election volatility rise, and UK borrowing costs soar

World - Financial Times - November 1

Investors step up bets that US election will trigger market volatility

Jitters sweep through bond and currency markets before presidential vote

World - Financial Times - November 1

Spain’s deadly floods put spotlight on lack of climate preparedness

Also in this newsletter: European lawmakers open to simpler post-Brexit trade relations

World - Financial Times - November 1

Reeves plans to use £350bn council pension pot to boost UK economy

Chancellor to set out reform to fragmented local authority funds in Mansion House speech

Business - Financial Times - November 8

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - October 30

Rachel Reeves loosens UK welfare spending target

Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’

World - Financial Times - November 2

Battery start-up Northvolt files for bankruptcy protection in US

Europe’s big hope for homegrown manufacturing has struggled with production at its factory in northern Sweden

Business - Financial Times - Yesterday

German carmaker Audi holding talks with works council after struggles

World - Yahoo News - November 7

Harvey Barnes wraps up Newcastle’s comeback win at Nottingham Forest

Nottingham Forest are fishing in the waters Newcastle aspire to swim in. Two years ago, it was Eddie Howe’s team breaking up the metropolitan elite. This season, Nuno Espírito Santo’s team have ...

World - The Guardian - November 10

TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles

Dallas-based TGI Fridays filed for Chapter 11.

Business - Inc. - November 3

Spirit Airlines files for bankruptcy following mounting debt and a failed merger

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.

Spirit Airlines files for bankruptcy amid mounting financial losses

Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process. Spirit Airlines said Monday that it has filed for bankruptcy protection and will ...

World - The Guardian - 4 days ago

UK borrowing costs rise as Reeves’ spending plans unnerve investors

Ten-year gilt yield hits five-month high after chancellor’s first Budget

Business - Financial Times - October 30

Rachel Reeves goes back to the future with a tax and spend budget

Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year. Autumn budget live – latest updates Budget 2024: key points at a ...

World - The Guardian - October 30

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing

Business - Financial Times - November 1

Are you worried about inflation? Then fear Trump, not Rachel Reeves | William Keegan

The chancellor’s budget may have a small effect on UK interest rates. But US tax cuts and tariffs could have international repercussions. Having been fairly critical of my (almost) friend Rachel ...

World - The Guardian - November 10

Reeves in radical pension shake-up to boost growth

The chancellor wants to merge the UK's pension funds but critics worry about the impact on savers.

Shop sales in surprise fall as Budget fears hit spending

Sales volumes fell by more than expected in October with clothing stores having a "notably poor" month.

Personal bankruptcies are up. When does it make sense to file?

Americans struggling to stay financially afloat should consider debt relief before tapping into retirement accounts, experts say.

Napoli target is Europe amid title talk - Conte

Serie A leaders Napoli continued their unbeaten run with a victory at AC Milan on Tuesday with Antonio Conte saying European football is the target.

Sports - ESPN - October 30

CBS News wraps up week-long trip along U.S.-Mexico border

CBS News' Omar Villafranca has spent the week touring towns along the U.S.-Mexico border from Texas through California. On Friday, he reached the final leg of the trip at Imperial Beach, California ...

Dismal England slump to series defeat as Pakistan wrap up third Test victory

Third Test: England 267 & 112; Pakistan 344 & 37-1 Pakistan win by nine wickets, claim 2-1 series victory A series that started with England breaking records ended with England simply broken. ...

World - The Guardian - October 26

Prince William wraps up his South Africa trip with visit that reminded him of his rescue pilot days

Prince William rode on a sea rescue boat along part of the South African coast as he wrapped up a four-day visit to Cape Town dedicated to promoting conservation and the battle against climate change

World - ABC News - November 7

Uber shares slide on slowing bookings growth

Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates

Business - Financial Times - October 31

‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis

Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...

World - The Guardian - October 26

Washington Post Staffers Fear Fallout Amid Subscriber Exodus

Reporters have taken to social media to combat reader cancellations following the paper’s decision not to endorse a presidential candidate.

Business - The Wall Street Journal - October 30

Reeves Wraps Up Grim Spending Talks Amid Council Bankruptcy Fears

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