Russia to Raise Defence Budget by 25 to Highest Level on Record

EU races to prepare for a Trump win

Bloc seeks to bolster aid to Ukraine, sanctions against Russia and trade policy in case Republican is re-elected

Business - Financial Times - October 25

U.S. budget deficit in fiscal 2024 swells to third-highest level on record

The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

Business - MarketWatch - October 19

UK borrowing costs hit highest level this year as gilt sell-off intensifies

Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ Budget

Business - Financial Times - 4 days ago

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

Business - The New York Times - October 25

Flood defences 'in worst state on record'

The floods minister says she will spend millions on repairs, as victims tell of a "national crisis".

Tuberculosis infections highest on record: WHO

Global tuberculosis cases reached an all-time high in 2023, with nearly 11 million people estimated to have become sick with the disease last year. According to the World Health Organization's ...

Politics - The Hill - 5 days ago

Investors' reaction to Budget 'very different' to Truss, says Reeves's deputy

Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.

Business and wealthy bear brunt of £40bn tax increases in UK Budget

Markets unsettled by extent of government borrowing as Rachel Reeves boosts spending

Business - Financial Times - 5 days ago

UK borrowing rises ahead of Budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

The elusive number keeping Treasury yields at their highest levels in 3 months

In the world of fixed income, there’s one number that can’t easily be pinned down, but which appears to be a contributing factor keeping long-dated Treasury yields at their highest levels in three ...

Business - MarketWatch - October 23

New-home sales jump to highest level since May 2023, as lower mortgage rates drew buyers in

New-home sales surged in September, as home buyers seized on lower mortgage rates.

Business - MarketWatch - October 24

U.S. consumer confidence surges in October to highest level in nine months

The U.S. consumer-confidence index surged to 108.7 in October from a revised 99.2 reading in the prior month, the Conference Board said Tuesday. This is highest level of confidence since January.

Business - MarketWatch - October 29

Mortgage rates rise to highest level since July due to these 3 reasons

Mortgage applications fell 0.1% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - 6 days ago

Iran’s defence budget set to soar as regional tensions rise

Recommendation to parliament for substantial increase in military spending comes after recent exchange of fire with Israel

World - Financial Times - 6 days ago

WNBA Finals Game 5 draws highest viewership in 25 years

The impressive viewership caps off a WNBA season that saw ratings, engagement and attendance up across the board.

Business - CNBC - October 22

WNBA Finals Game 5 draws highest viewership in 25 years

The fifth game of this year’s WNBA Finals between the Minnesota Lynx and the New York Liberty was the most-viewed WNBA finals game in 25 years across all networks, according to ESPN, citing Nielsen ...

Amazon's cloud unit records highest profit margin in at least a decade

Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.

Business - CNBC - 4 days ago

Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August

Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.

Business - CNBC - October 16

Bitcoin hits highest level since July, boosting other coins and crypto-related stocks

The price of bitcoin neared $68,400 on Wednesday, its highest since July, sparking a rally in other cryptocurrencies and related equities.

Business - CNBC - October 17

Trump’s improving election odds have powered bitcoin to its highest level since July

Bitcoin was posting further gains on Wednesday, reaching as high as $68,390 — its loftiest level since July 29.

Business - MarketWatch - October 16

10-year Treasury yield slips from highest level since July after housing starts drop

Long-dated Treasury yields slipped from their highest levels in more than two months on Friday but ended the week little changed, after data showed new-home construction dipped in September.

Business - MarketWatch - October 18

10-year Treasury yield briefly tops 4.25%, hits highest level since late July

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.

Business - CNBC - October 23

US unemployment applications fall; continuing claims hit highest level since 2021

The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years

Liberty and record-breaking Stewart hold off Lynx to level WNBA finals

Stewart’s 21 power New York to 80-66 win in Game 2 Game 3 of best-of-five series is Wednesday in Minnesota The New York Liberty held off the Minnesota Lynx in Game 2 of the WNBA finals on Sunday ...

World - The Guardian - October 13

Private equity management fees fall to lowest level since records began

Fund managers are fighting to secure investors’ money in a tough environment

Business - Financial Times - October 22

FirstFT: Partner pay at US law firms hits record levels

Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme

World - Financial Times - October 25

Planet-heating pollutants in atmosphere hit record levels in 2023

Carbon dioxide concentration has increased by more than 10% in just two decades, reports World Meteorological Organization. The concentration of planet-heating pollutants clogging the atmosphere ...

World - The Guardian - October 28

Boeing to raise as much as $25 billion to shore up balance sheet

The equity or debt raise of up to $25 billion would be over three years Boeing said.

Business - CNBC - October 16

Boeing to raise as much as $25 billion to shore up balance sheet

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist ...

North Korean troops fighting for Russia in Ukraine will ‘surely return in body bags’, US envoy says

Envoy to UN Robert Wood gives warning ahead of security council meeting, as US and South Korea defence chiefs urge North Korea to withdraw. See all our coverage of the Russia-Ukraine war The ...

World - The Guardian - 5 days ago

Meloni targets banks and insurers to raise €3.5bn to plug Italian budget

Rome approves proposals targeting deferred tax payments and stock options in financial sector

World - Financial Times - October 15

Rachel Reeves’ tax-raising Budget will affect you for years

The bean counters are back in control with a chancellor who wants to change the rules without rocking the boat.

Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget

Having announced minimum wage boost, chancellor to say she can spare working people from tax rises. Autumn budget live: latest news updates The UK’s national minimum wage is to rise by a ...

World - The Guardian - 6 days ago

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 5 days ago

Russia to Raise Defence Budget by 25 to Highest Level on Record

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