UK house prices remain unchanged amid slowing market
British house prices were flat in the 12 months to March after recording a 1.7% increase in the year to February, according to data released by the Office for National…
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Category: Business
Warsh’s stance on Fed powers sparks concerns over market stability
Incoming Federal Reserve Chair Kevin Warsh has sparked concern among global central bankers after suggesting the US Federal Reserve’s independence may not fully extend to its international crisis-response operations These…
Foreign holdings of US Treasuries fall as Japan, China cut exposure
Foreign holdings of US Treasuries declined in March, according to data released by the US Treasury Department on Monday, with Japan and China leading the reduction in exposure. Total foreign-owned…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that…
WFH, EV push: how India is responding to PM Modi’s fuel-saving call amid Iran war
Following Prime Minister Narendra Modi’s call for Indians to conserve fuel and save foreign exchange as the country grapples with the fallout of the Iran war, state-run institutions, public sector…
IMF raises UK growth forecast but warns of political uncertainty
The International Monetary Fund (IMF) raised its growth forecast for the UK economy on Monday but warned that growing domestic uncertainty and political instability could weigh on spending and investment.…
Trump to swear in Kevin Warsh as Fed chair on Friday
President Donald Trump is set to swear in Kevin Warsh as the next chair of the Federal Reserve during a White House ceremony on Friday, marking the beginning of a…
The ‘Thucydides Trap’: why a 2,500-year-old war loomed over the Trump-Xi summit
In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger. “There is no such thing as…