Politics
North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’
Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far
Politics
Politics
Philip R. Lane: AI adoption in Europe
My aim today is to describe how AI is reshaping the euro area economy.[1] Although the development of frontier AI models is primarily taking place in the United States and China, the adoption of AI will be a key determi…
Politics
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
On 29 October 2026 ECB President Christine Lagarde informed the Governing Council and the President of the European Council António Costa that she would step down from her position on 7 February 2027. A related press re…
Politics
Poundland in peril: how rampant inflation and price wars left £1 stores exposed
With the chain on the brink of administration, its low-profile US owners face questions about their conduct
Politics
Public sector an ‘afterthought’ to North Sea oil jobs, says Unison leader
Andrea Egan calls for same political focus on teachers, care sector and NHS and says Jackdaw decision ‘a serious misstep’
Politics
UK house prices grow at slowest pace in two years as mortgage rates rise
UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers.
Politics
BP profits hit 18-year high as Iran war drives up oil refining margins
BP’s profits have hit their highest level in almost two decades as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.
Politics
Andy Burnham admits he would have liked more radical first budget
Prime minister says room for manoeuvre was limited by geopolitical crises and Labour’s 2024 manifesto
Politics
Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026
Respondents’ expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), stood at 3.0% for 2026, 2.6% for 2027 and 2.0% for 2028. Compared with the previous round, these were revi…
Politics
UK side-hustle tax-free allowance to rise to £3,000 next year
Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax
Politics
Britain’s blighted high streets will improve by next election, says Rayner
Housing secretary says Labour wants to reverse fortunes of towns plagued by boarded-up shops and rogue businesses
Politics
Brits nearly twice as likely to spot pressure tactics in horror films as investment red flags
Investors are almost twice as likely to recognise pressure tactics in a horror film as they are when those tactics are used to promote an investment opportunity, new FCA data suggests.
Politics
BOJ keeps interest rates steady as expected; says CPI inflation now at 2% target
The yen was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week. The yen had lost ground on Monday too.
Politics
‘You can see the water going down’: residents on edge as one of England’s worst-hit reservoirs dries up
After UK’s hottest summer on record, Ardingly near Haywards Heath is just 19% full – and next-closest reservoir is unusable due to broken treatment works
Politics
Healey backs away from cutting welfare cost amid warnings of public finance shortfall
John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a £28bn shortfall in public finances.
Politics
Saudi Arabia tanker oil loadings rise to highest level since February
Russia’s fossil fuel export revenues have fallen since the sanctions were implemented, subsequently constricting Putin’s ability to fund his full-scale invasion of Ukraine. However, much more should be done to limit Rus…
Politics
Amazon gives Wall Street mixed financial picture in earnings report
E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarterAmazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report.The e-com…
Politics
Trump weighs Iran escalation as top U.S. general makes rare White House visit
The US has paused strikes on Iran for a third night as top military officials advised Donald Trump to halt his bombing campaign, and diplomatic negotiations have continued to avoid a return to all-out war.
Politics
Reader Q&A: Our money and economics correspondents answer your Budget 2026 questions – live
The 2026 budget has been revealed; how will it affect you personally, will it change the country and has chancellor John Healey done enough to prepare for the challenges ahead? Our money and economics editors Hilary Osb…
Politics
Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
Less than a year from now, on 11 October 2027, Europe will move to T+1 settlement. This means that the time from the moment a security is traded to the moment the buyer receives it and the seller is paid will be reduced…
Politics
Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence
The Securities and Exchange Commission on Oct. 29, 2026, charged BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, two foreign-operated, Colorado-incorporated entities, with orchestrating a fraud scheme that used false SE…
Politics
Christine Lagarde, Boris Vujčić: Monetary policy statement
The Governing Council today decided to keep the three key ECB interest rates unchanged. Energy prices have continued to rise, posing upside risks to the inflation outlook and downside risks to the growth outlook. While …
Politics
Monetary policy decisions
The Governing Council today decided to keep the three key ECB interest rates unchanged. Energy prices have continued to rise, posing upside risks to the inflation outlook and downside risks to the growth outlook. While …
Politics
'Uneventful' budget draws mixed reaction
While some measures were welcomed, many questioned whether households would feel better off.