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Trump picks Kevin Warsh to lead the US Federal Reserve
Warsh, a 55-year-old economist, is a fellow at the right-leaning Hoover Institution and serves on the board of courier UPS. He has been an outspoken Fed critic, lambasting everything from the central bank’s heavy reliance on data to its use of assets on its balance sheet.
Bankers to get bonuses quicker under rule change
Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer…
Tandridge District Council launches cost-of-living support fund
Low income households in a part of Surrey can now apply for new support funding. Residents with low incomes in the Tandridge District Council catchment area can request a grant to help with living costs from 10:00 GMT on Monday. Eligible households without children can apply for £125 while those with children can request £225….
Grants awarded to tackle cost-of-living crisis in Dorset
Organisations tackling the cost-of-living crisis in Dorset have been awarded £80,000 worth of grants. Dorset Community Foundation and Bournemouth, Christchurch and Poole (BCP) Council provided the money to 23 local groups. The council said it would pay for projects providing warm hubs, free meals, cookery workshops and money advice. Council cabinet member Sandra Moore said:…
US economy grows at fastest pace in two years
Natalie ShermanBusiness reporter Bloomberg via Getty Images The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased. The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in…
