What I want to talk about tonight is about saving the country. It is easy to open BBC news, read the first three headlines, and they're all about our failure, and it's easy to lose faith. But I think it's not only possible that it's actually inevitable.We can do extraordinary things, and actually already extraordinary things are happening. Our goal should be to make the UK rich again. And that's not these days a very British thing to say.And that is part of the problem. Almost all our other problems are dow ...

The Bank of England is exploring ways of encouraging banks to use more of their regulatory capital buffers in a bid to boost economic growth https://t.co/QHmQ1Jt8jy ...

Indonesia’s economy grew in line with expectations in the third quarter, slowing slightly as social unrest and global trade uncertainty took a toll on domestic consumption and investment https://t.co/lTKiPLuCTz ...

NEW YORK (AP) — Stocks gained ground on Wall Street Wednesday following several upbeat economic updates and a steady flow of quarterly reports from U.S. companies. The gains were broad and marked a reversal from the prior day's dip. Much of the market's push and pull came from the technology sector, where several companies with huge values have an outsized influence over the market. Google’s parent, Alphabet, jumped 2.4%, Broadcom rose 2%, and Facebook parent Meta Platforms rose 1.4%. They helped lead th ...

I'm James Manyika, Senior Vice President at Google and Alphabet. I'm delighted to have this conversation with Mohamed El-Erian, president of Queens College of Cambridge and Michael Spence, Nobel laureate economist. Mohamed and Mike, wonderful to spend time with you as always.What do you see as the potential for AI to impact the economy. So, James, the way I try to describe it to people is to use what has been called, the new electricity. It enables a whole set of existing needs that are not being met. It in ...

We have a restrictive rate. It didn't need to be at such a restrictive level as we are. This is a personal opinion of mine that I would say is that of many people today.It is not an isolated position. But anyway, there are those who think differently. I respect it, but I consider it an exaggerated restrictive rate.We could already start thinking signaling. Let's see the statement because sometimes the interest rate level can be maintained but sometimes the statement can signal. Let's see. Let's wait for eve ...

Group 1: Canada's Budget - Canada's upcoming budget is expected to include a significant C$50-billion local infrastructure fund aimed at boosting local development and economic growth [2][8] - The budget is also anticipated to allocate up to C$1-billion to attract high-quality talent and researchers, particularly from the U.S. and other international locations [2][8] Group 2: China's Export Initiative - China's Commerce Minister has announced a "Big Market for All: Export for China" initiative, consisting of 10 major events to enhance countries' export capabilities to China [3][8] - The initiative aims to position China as the premier export destination globally, promoting proactive opening up and win-win cooperation [3][8] Group 3: Yum China Financial Performance - Yum China Holdings Inc. reported a strong Q3 financial performance with an adjusted operating profit of $400 million and net income of $282 million [4][8] - The adjusted earnings per share (EPS) for the quarter stood at $0.76 [4][8] Group 4: Barclays Downgrade of Hermes - Barclays has downgraded luxury brand Hermes International to Equal Weight from Overweight, reflecting a shift in market sentiment [5][8] - The target price for Hermes shares has been reduced from EUR 2510 to EUR 2310 [5][8] Group 5: ADNOC and Shell LNG Deal - ADNOC has secured a long-term 15-year supply agreement with Shell for 1 million tonnes per annum (MTPA) of liquefied natural gas from the Ruwais LNG project [6][8] Group 6: UK Gilt Auction - The UK successfully sold GBP5 billion in 4% 2029s gilts, with a bid-to-cover ratio of 3.06x, indicating solid demand for UK government debt [9] - The average yield for the gilts decreased to 3.845% from the prior 4.095%, further reflecting healthy market interest [9]

RT Andrew Sentance (@asentance)The grim backdrop for the forthcoming Budget: UK GDP growth is projected to be just 1.1pc this decade, the lowest for 100 years, and about half the long-term average of over 2pc. Raising taxes will just weaken growth further, so reining in spending is the only long-term solution. https://t.co/X91gCd2LdE ...

Malaysia’s ringgit is hovering near its strongest level in a year, supported by expectations that the central bank will hold its policy rate steady and by renewed optimism over growth https://t.co/0c7hreBp6D ...

While French parliamentarians squabble about how to share out wealth, they are not debating the real economic challenge: how to generate more of it.But Roland Lescure insists that the budget wrangles are not incompatible with keeping France attractive https://t.co/CHcLvtdUAz ...