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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…
Government borrowing falls by more than a third in December
UK government borrowing was significantly lower last month, due to an increase in tax income outweighing spending, official figures show. In December government borrowing – the difference between public spending and tax income – was £11.6bn, the Office for National Statistics (ONS) said. It is down £7.1bn – 38% – from the previous December, and…
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
Lauren Turner and Osmond Chia Reuters The US government has seized more than $14bn (£10.5bn) in bitcoin and charged the founder of a Cambodian business empire, Prince Group, with allegedly masterminding a massive cryptocurrency scam. UK and Cambodian national Chen Zhi was charged on Tuesday in New York for allegedly engaging in a wire-fraud conspiracy…
Burnham warned Iran war could hit UK growth next year
Andy Burnham has been warned that the UK economy could barely grow next year if disruption in the Strait of Hormuz continues until the end of 2026. Treasury sources have confirmed that internal modelling presented to the new prime minister and chancellor suggests UK GDP growth could be as low as 0.3% in 2027, as…
