The US Consumer Financial Protection Bureau (CFPB) has seen a sharp reversal of enforcement activity and regulatory action under President Donald Trump’s administration, with an estimated financial cost of at least $18 billion to consumers. That’s according to a joint analysis published on Tuesday by the Student Borrower Protection Center…

Manufacturing output in the UK declined sharply in the quarter to June, continuing at a pace similar to that seen in the previous three months, according to the Confederation of British Industry’s (CBI) latest Industrial Trends Survey.This downturn signals ongoing challenges for the manufacturing sector, which has been grappling with…

Carnival Corporation shares rose sharply by more than 7% on Tuesday after the cruise operator delivered better-than-expected second-quarter earnings and raised its full-year forecast, offering a fresh wave of optimism for the travel and leisure sector.The company reported adjusted earnings of 35 cents per share, topping analyst expectations of 24…

To achieve its ambitious climate targets, Britain needs to significantly lower its electricity prices, according to a recent progress report from the nation’s climate advisers. This strategic move is deemed crucial for accelerating the widespread adoption of key emission-curbing technologies, particularly electric vehicles and heat pumps. High electricity prices remain a barrierHigh…

ING Group expects the US Federal Reserve to cut interest rates only in December as the central bank may wait for further economic cues.On Tuesday, US Federal Reserve Chair Jerome Powell stated that the Fed would observe economic developments before making a decision on reducing its key interest rate. This…

Bitcoin extended its recovery on Wednesday, climbing to $106,000 after briefly dipping below the $100,000 mark earlier on Sunday. The rebound comes amid easing geopolitical tensions in the Middle East, rising expectations of Federal Reserve rate cuts, and continued regulatory momentum.The broader cryptocurrency market also rallied, with total market capitalisation…

New York just witnessed one of the most unexpected political upsets in recent memory. Zohran Mamdani, a 33-year-old democratic socialist and state assemblyman, defeated former Governor Andrew Cuomo in the Democratic primary for mayor. With his win, Mamdani is now poised to lead the most complex city government in the United States. But…

Oil prices are expected to fall further if the ceasefire between Iran and Israel holds, according to experts. Things took a dramatic turn on Tuesday after US President Donald Trump announced a ceasefire and expressed his desire to maintain the flow of oil from Iran.On Tuesday, both Iran and Israel indicated…

Zohran Mamdani’s stunning political upset in the New York City’s Democratic primary for mayor not only renders a significant blow to Andrew Cuomo- a once-dominant figure in New York politics, it is also likely to reshape the Democratic landscape at a time when the party is still recovering from major…