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Healey faces £35bn Budget challenge to meet spending pledges, says think tank
Chancellor John Healey faces having to find £35bn to avoid cuts to public spending while meeting defence promises in his first Budget on 28 October, an influential think tank has warned. The Institute for Fiscal Studies (IFS) said that if the government wants to increase defence spending to 3% of national income by 2030 and…
Trump temporarily blocked from firing Fed governor Lisa Cook
A federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve governor Lisa Cook, who is part of the board responsible for setting US interest rates. The ruling is a win for the central bank in an unprecedented legal battle with the White House over the independence of the Fed. Last month, Trump…
How hackers forced brewing giant Asahi back to pen and paper
Suranjana TewariAsia business correspondent, Tokyo and Peter HoskinsBusiness reporter Reuters Asahi Super Dry is Japan’s most popular beer Only four bottles of Asahi Super Dry beer are left on the shelves of Ben Thai, a cosy restaurant in the Tokyo suburb of Sengawacho. Its owner, Sakaolath Sugizaki, expects to get a few more soon, but…
