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US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
Toy sellers keep close watch on under 16s social media ban
Kevin PeacheyCost of living correspondent Getty Images The link between toys and sports has proved successful for the sector UK toy sales have risen for the first time in five years, but sellers are braced for the potential impact of any social media ban for under-16s. The value of toy sales rose by 6% last…
Faisal Islam: Rachel Reeves pre-emptively justifies tax rises
In Liverpool Rachel Reeves seemed to be floating a pre-emptive argument ahead of possible tax rises in her November Budget. The key line in the chancellor’s speech in relation to the Budget was her linking of tough decisions “in coming months” to global headwinds and a critical reassessment of the long-term productivity performance of the…
Branding and logo for Great British Railways unveiled
Michael Sheils McNameeBusiness reporter Department for Transport The government has unveiled its branding for Great British Railways (GBR), marking a step forward in plans to nationalise the railways. In the past year, the government has taken three rail franchises back into public control, something Labour promised in its manifesto. The new livery and branding uses…
20 Business Blogs That Will Blow Your Mind
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Trump wants Venezuelas oil. Will his plan work?
Archie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
