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Construction sector shrinks at fastest pace since pandemic, survey suggests
Emer MoreauBusiness reporter Getty Images Construction in November was at its lowest level since the pandemic Activity in the UK’s construction sector shrank last month at the fastest pace since the pandemic, partly due to uncertainty ahead of the Budget, a closely watched survey has indicated. The research from S&P Global said November saw the…
Reeves urged to make Budget ‘bold’ or risk future tax rises
The chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
Nvidia to invest $5bn in rival Intel
Nvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel – a lifeline for its struggling rival on the heels of a separate investment from the US government. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and…
US stock market ends 2025 on a high note after volatile year
Danielle KayeBusiness reporter Michael Nagle/Bloomberg via Getty Images It’s been a roller-coaster year for financial markets – but US stock investors are heading into 2026 on a high note. US President Donald Trump’s global trade tariffs sent shockwaves through markets in the spring. But by summer, the US saw record highs fuelled by strong company…
