UK Chancellor of the Exchequer Jeremy Hunt is considering cutting benefits in real terms to free up cash for tax reductions ahead of a general election expected next year, people familiar with the matter said.
The ‘Area 51 of the East Coast’ will be replaced by a new lab in America’s heartland.
Private credit lenders are just getting started in the world of consumer and asset based finance, according to Rob Camacho, Blackstone Inc.’s co-head of asset based finance within the firm’s Structured Finance Group.
EV sales in the Golden State jumped 70% last quarter, a prelude of what’s to come across the country.
(Bloomberg) — Chile’s annual inflation eased more than expected in August, paving the way for further steep interest rate cuts, even as policymakers monitor the impact of a weaker peso and recent floods.
Eighteen months after South African President Cyril Ramaphosa pledged to forge a “social compact” within 100 days to fire up the economy and tackle rampant unemployment and a multitude of other ills, government, business and labor union leaders remain at loggerheads over what needs to be done.
Eli Lilly & Co.’s Mounjaro, a diabetes drug that’s also nearing approval for weight loss, is set to reach UK patients after winning the backing of England’s influential health-cost regulator.
Estonia plans to be the first European Union nation to legalize the seizure of sanctioned Kremlin-linked assets to fund Ukrainian reconstruction this year, a move that the Baltic nation’s top envoy said would “really hit” Russia.
Chinese leader Xi Jinping visited areas of northern China that were hit by deadly floods earlier this summer for the first time — a journey that comes as the southern tech hub of Shenzhen recorded the most rain in more than 70 years.
Russia’s budget moved back into the black last month, as the government dials back spending and a surge in non-oil income makes up for a drop in energy revenues.
