Cut Isn’t Lowering

BBC boss warns of Russian and Chinese propaganda

The UK is losing out because of cuts to the World Service, the BBC's director general warns.

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Fed’s Waller calls for rate cut caution after ‘disappointing’ data

Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcome

World - Financial Times - October 15

LCS takeaways: Yankees grab Game 1, Mets pull even

The Mets quieted Dodger Stadium in an NLCS Game 2 blowout, while the ALCS began with a Yankees win.

Sports - ESPN - October 15

HK Leader May Focus on Economy, Liquor Tax Cut in Speech

World - Yahoo News - October 15

Euro falls to 2-month low as investors price in interest rate cuts

Single currency has dropped more than 2% against dollar so far this month

World - Financial Times - October 15

Manchester United cuts continue as Sir Alex Ferguson ambassador role slashed

Ex-manager reported to receive more than £2m a year Sir Jim Ratcliffe’s Ineos has cut 250 staff from payroll The latest victim of the Ineos-led economy drive at Manchester United is none other ...

World - The Guardian - October 15

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.

Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”

Business - The New York Times - October 15

Wednesday Briefing: U.S. Warns it May Cut Israel’s Military Aid

Plus, an investigation into China’s panda breeding program.

World - The New York Times - October 15

Brazil Ministers Renew Push to Sell Lula on Spending Cuts