Matthew Weller

The Labour government, led by Prime Minister Keir Starmer, has initiated a comprehensive review of the pension system to stimulate economic growth and enhance retirement incomes. This move is part of the government’s broader strategy to address the country’s sluggish economic growth, a key priority since the July 4 election. The review aims to increase investment in productive assets by …

The United States has witnessed a significant slowdown in employment growth in July, fuelling concerns about a cooling economy and labour market. The latest job report from the U.S. government revealed that only 114,000 jobs were created last month, a figure that fell short of economists’ expectations of 175,000 new jobs. This disappointment was compounded by a downward revision of …

An auction featuring some of the first 5-, 10-, 20-, and 50-pound banknotes with King Charles III’s portrait has generated nearly one million pounds, with the total yield of £914,127 being distributed among ten charities selected by the Bank of England. These banknotes have been in circulation in the United Kingdom for only a few months, and the low serial …

Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have jointly criticised the European Union’s regulations on artificial intelligence, arguing that these rules are unclear, overly complex, and detrimental to innovation. Their concerns reflect broader criticisms from the tech community and human rights advocates. The EU’s Artificial Intelligence Act, while hailed as a landmark legislation, has been criticized for its …

UK house prices have experienced an unexpected drop in August, marking the first monthly decline since April. According to Nationwide Building Society, the average house price in the UK fell by 0.2% to £265,375 in August, defying market expectations of a 0.2% increase. Despite this monthly decrease, the annual growth rate in house prices reached 2.4%, the highest since …

Despite its small size, the Kingdom of Bhutan has emerged as a significant player in the global Bitcoin (BTC) landscape, driven by its strategic engagement in crypto mining. In 2023, Bhutan generated a substantial portion of its gross domestic product (GDP) from these activities, with crypto mining contributing approximately 28.6% of its GDP, amounting to $831 million. This significant contribution …

GBP/USD has surged on the back of strong UK economic data and the BOE’s interest rate eclipsing the Fed’s. The pair is forming a Dark Cloud Cover pattern at resistance. Two different momentum oscillators are signaling declining buying pressure, opening the door for a near-term pullback. GBP/USD has been on an absolute tear of late, with the British pound clocking in as the best-performing major currency over the last month. Fundamentally speaking, a continuation of better-than-expected economic

On Wednesday, stock exchanges opened slightly higher as investors continued to monitor the escalating tensions in the Middle East following Iran’s missile attacks on Israel the previous day. The primary concern driving market sentiment was the potential disruption to oil supplies from the region, which led to a further increase in oil prices. The price of West Texas Intermediate (WTI) …

Santander UK has initiated a round of job cuts as part of a broader strategy to streamline operations and reduce costs, a move necessitated by the intense competition in the UK’s banking sector. The restructuring efforts are primarily targeted at the bank’s regional headquarters, although the exact number of positions affected has not been disclosed. As of June, Santander UK …

The Nautilus project, a new submarine high-voltage connection between the UK and Belgium, has received a crucial green light from the British energy regulator, as reported by Elia, the Belgian high-voltage grid operator. This approval is a significant step forward in the realization of the project, which is being developed in collaboration with National Grid, Elia’s British counterpart. Nautilus is …