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Economy
The Economy section of Info-Today covers the latest developments in European and global economic affairs. Readers can follow inflation trends, central bank decisions, employment data, trade policies, public finances and market movements affecting businesses and households across Europe. Our coverage includes expert analysis, forecasts and key indicators shaping growth and financial stability.
Silicon Valley Closes Ranks Around Nvidia’s Jensen Huang as Board Inquiry Deepens
Trump, Elon Musk and finance figures back Nvidia CEO Jensen Huang as the company investigates his relationship with an alleged Chinese spy.
AI-Written Complaints Add New Pressure on UK Public Bodies
UK public bodies face rising volumes of AI-generated complaints, requests and legal challenges, adding complexity to everyday casework.
Great British Railways Nears Legal Launch, but an Ageing Network Awaits
Great British Railways could gain legal footing by Christmas, but ageing trains, tracks and weather risks loom over its 2027 debut.
Global stocks slide as AI doubts deepen after US midterm shock
Asian and European markets fell after a US tech sell-off, as AI valuation concerns and the Democrats’ midterm victory unsettled investors.
Bank of England Raises Rates to 4% as Inflation Pressures Intensify
The Bank of England lifted the base rate to 4%, its first rise in over three years, with another increase signalled.
Wall Street Rallies as Democratic Midterm Gains Recast Policy Outlook
US stocks climbed, bond yields fell and the dollar weakened as investors assessed Democratic gains in the midterm elections.
Binance Says $6.3bn Theft Began With Malware and Fake Interviews
Binance says hackers used malware, fake job interviews and an internal AI tool before stealing $6.3bn from hot wallets.
Britain’s Smart Meter Network Moves to Non-Profit Control After Capita Era
Control of Great Britain’s 39m smart meters shifts from Capita’s Smart DCC to a non-profit operator after years of delays and rising costs.
Binance Faces $3.6 Billion Outflow After Record Crypto Theft
Investors withdrew $3.6bn from Binance after a $6.3bn hack, as the exchange began reopening withdrawals and scrutiny turned to North Korea.
Charity Shops Face Profit Squeeze as Secondhand Fashion Moves Online
Oxfam retail profit fell 23% as UK charity shops confront online resale competition and difficult trading conditions.
Binance Hack Puts Crypto Security Under Global Scrutiny
Binance says it will cover customer losses after a $6.3bn crypto hack, with North Korea identified as the likely culprit.
Healey’s Welfare Retreat Puts Pressure Back on Britain’s Budget Arithmetic
John Healey steps back from welfare cuts as experts warn a £28bn public finance gap could force tough spending choices.
HSBC Profit Jump Fails to Reassure Markets as Bank Tax Debate Returns
HSBC profits rose 32%, but shares fell 6%, weighing on the FTSE 100 and renewing scrutiny of bank taxation before the UK budget.
Burnham Reopens Britain’s Most Sensitive EU Question
Andy Burnham’s call to debate free movement with Europe wins cabinet support but unsettles Labour MPs in Brexit-voting seats.
Healey Budget to Shift Borrowing Power Closer to England’s Mayors
John Healey’s first budget will include a £1.5bn borrowing facility designed with mayors to expand devolution in England.
UK regulators propose rollback of post‑2008 accountability rules for City managers
Regulators propose trimming post‑2008 conduct rules: reduced reporting for minor misconduct and 140,000 managers freed from extra checks, with £2bn savings claimed.
UK inflation climb and a large September deficit heighten pressure on Healey ahead of budget
Inflation rose to 3.5% and the September deficit reached £24.5bn, tightening fiscal space ahead of the budget.
Burnham demands radical rethink on Thames Water amid pledge to bring essentials into public hands
Prime Minister Andy Burnham orders officials to produce bolder plans for Thames Water as part of his public-control agenda.