As of September 2024, Eurozone central banks, collectively known as the Eurosystem, are grappling with significant financial losses. A recent Fitch Ratings report highlights that both national central banks (NCBs) and the European Central Bank (ECB) are experiencing mounting losses due to increased interest expenses on commercial bank reserves. This…
Britain is lagging in its efforts to commercialize technology businesses globally, according to Warren East, the former CEO of British chip design firm Arm. Speaking at Cambridge Tech Week, East highlighted how a lack of investor risk appetite and a weak capital market environment are hindering the UK’s potential to…
Kamala Harris and Donald Trump will meet face to face for the first time on Tuesday in the much-anticipated US presidential debate. The debate marks a pivotal moment in the 2024 race, as both candidates vie for the presidency. While Vice President Harris has energized the Democratic campaign since replacing…
As the 2024 US presidential election approaches, the financial backing of the country’s wealthiest individuals is becoming increasingly significant. While both former President Donald Trump and Vice President Kamala Harris have secured millions in donations from small donors, it is the billionaires’ support that could sway the campaign. Bloomberg has…
For the first time, former President Donald Trump and Vice President Kamala Harris will face off in what is set to be a high-stakes debate tonight. This showdown marks a pivotal moment in the 2024 presidential campaign and offers voters a clear view of the candidates’ contrasting visions for America’s…
US stock futures, cryptocurrencies, and crude oil reacted to the latest Donald Trump and Kamala Harris debate. Kamala Harris victory odds rise Futures tied to the Dow Jones dropped by 0.35% while those linked to the S&P 500 and Nasdaq 100 indices retreated by 0.40% and 0.46%. The Dow fell…
In a landmark decision, the European Court of Justice (ECJ) has ruled that Ireland must receive €13 billion ($14.4 billion) in unpaid taxes from Apple. The decision, which is final, marks a significant turn in a prolonged legal battle that Dublin had fought to avoid. Irish government faces political and…
In their first-ever debate on Tuesday, former US President Donald Trump and Vice President Kamala Harris engaged in a heated 90-minute exchange, tackling issues such as the economy, abortion, and immigration. The debate marked a significant departure from the June Biden-Trump debate, where President Joe Biden struggled with coherence. In…
Late on Tuesday night, Taylor Swift, one of America’s most influential cultural icons, announced her official endorsement of Vice President Kamala Harris for the 2024 US presidential election. The endorsement, made after Harris’ debate with former President Donald Trump, quickly stirred both political and celebrity circles. Swift’s decision to support…
The UK economy unexpectedly stagnated for the second consecutive month in July, signaling deeper challenges for the newly-elected Labour government, which has committed to revitalizing the country’s growth prospects. Despite optimistic forecasts of 0.2% growth, the economy failed to expand, driven by declines in both construction and manufacturing, while the…