Populism poses serious challenge to independent central banks, Bailey says
The governor of the Bank of England has said the rise of populist politicians presents a serious challenge to independent central banks.
Policy & regulation
Deadly escalation in Black Sea attacks prompts fears of even higher food prices
A summer of hostilities in the Black Sea proved deadly for seafarers, as Russia and Ukraine attacked each other’s ships and port infrastructure, preventing vital grain exports and prompting concerns that the conflict wi…
US added 162,000 jobs in August, with unemployment rate holding steady
Number of new jobs being added has been fluctuating, with private companies adding 38,000 jobs in August
It’s time for Mark Zuckerberg to resign from Meta | Joan Donovan
Last week, Meta, the parent company of Instagram and Facebook, agreed to a settlement of up to $18bn after dozens of US states accused it of harming children with addictive products. The settlement’s regulatory implicat…
Philip R. Lane: Diversity at the European Central Bank
Let me begin by congratulating everyone involved in the ChaMP research network on a remarkably successful research programme: it has delivered many new insights regarding the transmission of monetary policy and has been…
Jackdaw gasfield set to be approved by ministers this month, sources say
Energy secretary could recommend new North Sea drilling next week, as ministers also consider approval for Rosebank oilfield
How will bond market turmoil affect your mortgage, pension and savings in UK?
Sell-off raises concerns of higher borrowing costs for households. Here’s what it could meanThe bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in fi…
Revealed: how companies ‘secretly’ use billions of litres of public water in drought-hit England
Exclusive: As millions of people face hosepipe bans, many companies are not required to report, let alone cut, use of public supply
‘Capitalism is dying’: in Luton, these former car workers have a moral tale for our times | Aditya Chakrabortty
After everything, why would anyone still back Nigel Farage? In some of the comments below my piece last week about Reform UK, I spot the usual answers: Farage’s supporters are dim, racist, deplorable. Yet away from West…
UK has not done enough to prepare for shocks to food supplies, says watchdog
The climate crisis, disease and cyber-attacks pose growing risks to the UK’s food supplies and the government needs to act to make the system more resilient, according to the public spending watchdog.
Sadiq Khan agrees to have his texts and emails searched in Palantir legal battle
Sadiq Khan has agreed for his text messages and emails to be searched as part of a legal battle with Palantir, the high court has been told, after he prevented the US technology company from working with the Metropolita…
Reform officials ‘plotted to break law on foreign donations’ in undercover film
Investigation broadcast by Channel 4 News shows man posing as ‘impermissible donor’ paying for polling that helped Reform
Volkswagen announces it will cut 100,000 jobs by 2030
Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure
OpenAI hails ‘new era of artificial general intelligence’ with Astra model release
Astra’s arrival comes days after Sam Altman, OpenAI’s chief executive, described AGI as an ‘irrelevant marketing term’
We’re prepared to change the law to reform water industry, says Angela Eagle
Exclusive: New environment secretary insists ‘nothing is off the table’ in dealing with ailing Thames Water
SEC Proposes Rescission of Political Contribution Rule for Investment Advisers
The Securities and Exchange Commission today issued a proposal to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a government client for two …
Business Daily
Rising bonds yields and growing government debt could see interest rates start to rise
Nvidia to buy developer platform Hugging Face in $12.9bn deal
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.
SEC Investor Advisory Committee to Host Sept. 10 Meeting
The US shareholder activism environment is maturing and increasingly complex, characterized by new players, evolving tactics, and shifting boardroom dynamics. This report, a complement to The Conference Board annual Pro…
Yen soars as Bank of Japan tipped to raise interest rates
The Japanese yen has soared by more than 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.
HSBC raises Treasury yield forecasts on more hawkish Fed outlook
Federal Reserve Chair Kevin Warsh delivered a hawkish debut performance at his first policy-setting meeting. While the Federal Open Market Committee (FOMC) voted unanimously to hold interest rates steady, the Summary of…
Child sexual abuse survivor alleges Elon Musk’s AI chatbot used photos of her to generate new illegal images
A survivor of child sexual abuse has sued Elon Musk ’s artificial intelligence company, alleging that its chatbot used pictures of her abuse to generate new illegal pornographic images that depict her.
Reform UK gets another £4m from crypto billionaire pardoned by Donald Trump
Reform UK has been given a further £4m from the British crypto billionaire Ben Delo, with the party saying it is confident the businessman – who was formerly based in Hong Kong – will not be caught by the new overseas d…
Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market.