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UK ECONOMIC DATA
UK economy beats expectations in July with 0.4% growthBritain's economy grew by a stronger than expected 0.4 percent in July. This performance extended the strong showing seen in the first half...- US bond yields climb to multi-year highs as oil surge revives bets on higher Fed ratesUS Treasury yields hit multiyear highs as a sharp rise in oil prices revived inflation concerns and boosted bets on a Federal Reserve rate ...
- US stocks today: US stocks slip as oil tops $100, putting inflation back in focusUS stocks declined on Thursday as investors grew cautious about inflation. Oil prices climbed above $100 a barrel, fueling further inflatio...
- Too early to say whether Rahul Gandhi will be projected as 2029 PM face: Congress leader Prithviraj Chavan; harps on Opposition unityPrithviraj Chavan underscored that naming Rahul Gandhi as the opposition's prime ministerial candidate is premature. He highlighted the nec...
- Global Market: Amazon diversifies debt funding with first Sterling bond offeringAmazon has launched its first sterling-denominated bond sale, with four maturities ranging from three to 19 years, as hyperscalers diversif...
- Global Market: Record UK gilt yield raises fiscal pressure ahead of October BudgetBritain sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168%, underscoring rising borrowing costs and fiscal pressures. De...
- Amazon, Flipkart's multi-front war; India set for more GCCsHappy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and ...
- Nepal’s request for flood payout tests new climate-aid systemNepal seeks climate compensation for flood damages from a new UN fund. The nation faces immense costs for recovery and rebuilding after rec...
- New FTAs open big export gains across key sectorsThe introduction of eight free trade agreements heralds a new era of duty-free market access, particularly benefiting the electronics, agri...
- Indian Inc rushes to align with UAE’s 15% minimum tax as November deadline loomsIndian multinationals are assessing their UAE tax exposure before November's deadline. A new 15% minimum tax could affect their existing co...
- Global bond slump looks painful, but its nothing like the 2022 routGlobal bond markets are experiencing a selloff, though less severe than four years ago. Current yield increases are smaller, providing some...
- Gold treads water ahead of US nonfarm payrolls reportGold prices held steady during the early hours of Thursday’s Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payr...
- Banks rush to swap higher-risk credit assets for Bank of England cashBritish banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a...
- Why are global bond yields surging to multi-decade highs?Global government borrowing costs are reaching multi-decade highs as inflation persists. Bond yields in major economies like the United Sta...
- Gold steadies as traders await US jobs data, monitor Mideast tensionsGold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This econom...
- India’s in-demand economic weapon can turn a global crisis into opportunityIndia is expanding its network of labour agreements with countries around the world to connect Indian workers with job opportunities abroad...
- Aurobindo Pharma gains over 3% as subsidiary launches generic Advair Diskus in US; stock up 41% YTDAurobindo Pharma shares rose sharply after its subsidiary Lannett Company launched the generic equivalent of Advair Diskus in the US. The i...
- A £5,000 bill can’t stop people from trying to become BritishBritain's citizenship fees are significantly higher than other European nations. These costs have risen over decades as they fund immigrati...
- Britain’s Universities bet on foreign students. Now they’re turning elsewhereUK universities are merging to create larger institutions and achieve economies of scale. Declining international student income and tighte...
- Turkey’s cheap travel reputation is being undone by high costsTurkey's tourism sector is experiencing significant price increases for visitors. This makes the country less affordable compared to previo...
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