UK growth forecast downgraded by IMF
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UK has room for three rate cuts this year, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories - United Kingdom -
Post-Brexit border checks forecast to cost UK £4.7bn, says NAO
Watchdog says says repeated delays have caused unnecessary costs and strategy lacks a ‘clear timetable’. The government expects to have spent at least £4.7bn on introducing post-Brexit border controls, which have been repeatedly hit by delays, the ...The Guardian - World - United Kingdom -
IMF warns Hunt against UK tax cuts as it flags £30bn funding gap
Fund says real departmental spending growth may rise at double the pace seen in official projectionsFinancial Times - Business - United Kingdom -
8 Strategies for Sustainable Growth
From startup to scale-up, here are ideas to help your company thrive.Inc. - Business -
The Northern Lights Forecast in the U.K.
Sightings of the aurora borealis are unlikely in the U.K. this weekend, but the northern lights could return on Monday, forecasters said.The New York Times - World -
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New EY Report Forecasts 2024 Deals Rebound
Despite stubborn interest rates, mergers and acquisitions could rebound dramatically from the drop off that characterized last year.Inc. - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Want More Customers? High-Growth Founders Balance These 2 Strategies
In the Inc. 5000 Community's May kick-off call, all-star entrepreneurs offered their best advice on customer acquisition -- and it landed squarely in two simple but essential categories.Inc. - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
EasyJet’s new pilot faces a fight to convince investors on growth
Nerves about the airline industry are never far awayFinancial Times - Business -
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
‘Bidenomics’ 2.0 or ‘Trumponomics’ 2.0? Both would hurt trade and growth.
Joe Biden and Donald Trump are each pushing a protectionist agenda that weakens U.S. interests at home and globally.MarketWatch - Business -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
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Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Newzoo revises 2023 games revenue forecasts down to $184B
Newzoo has adjusted its 2023 games revenue estimates, putting the numbers down from $187 billion to $184 billion.VentureBeat - Tech -
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.MarketWatch - Business -
Economists forecast $500bn annual hit from new Trump tariffs
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promisedFinancial Times - World - Donald Trump -
Palo Alto Networks’ stock falls after earnings as forecast fails to impress
The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.MarketWatch - Business -
Weather forecasters warn Pakistanis to stay indoors ahead of new heat wave
Authorities in Pakistan urged people to stay indoors as the country is hit by an extreme heat wave that threatens to bring dangerously high temperatures and yet another round of glacial-driven floodsABC News - World -
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Lowe's Earnings Top Forecasts; Big-Ticket Spending Stays Weak
Do-it-yourself customers, who make up about 75% of Lowe’s customer base, cut back on higher-priced discretionary purchases.The Wall Street Journal - World -
UK court rules that extension of police powers to intervene in protests is unlawful
Britain’s High Court has ruled that new regulations that gave U.K. police more powers to intervene in protests were unlawfulABC News - World - United Kingdom -
UK general election poll tracker
Live-updating state of the parties polling ahead of the general electionFinancial Times - World - United Kingdom -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
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China rolls out new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in AprilABC News - World - China -
America’s approach to China’s rapid growth has lessons for us all | Larry Elliott
Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates. The global economy is fragmenting and a new era of protectionism has dawned. Dreams by free marketeers of a frictionless world in which goods ...The Guardian - World - China -
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.The Wall Street Journal - World - China -
AstraZeneca kicks off ‘new era of growth’ with aim to hit $80 billion of sales by 2030
The Anglo-Swedish pharmaceutical company’s CEO Pascal Soriot said the announcement marks the start of a “new era of growth”MarketWatch - Business -
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Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Abnormally hot summer even more likely in latest NOAA forecast: Here's where
New predictions for the summer season, released by NOAA's Climate Prediction Center this week, show weather is likely to heat up in almost every corner of the United States.The Hill - Politics -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Zoom bumps its longer-term outlook higher, but near-term forecast comes up short
Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street’s expectations, helped by a broader artificial-intelligence rollout across the ...MarketWatch - Business -
The UK-made boxing game gunning for heavyweight success
How a small British developer hopes to put boxing back in contention in the video game sports genre.BBC News - Top stories