Category: Economic Outlook

Alarm bells are ringing on Wall Street. The recent collapses of Tricolor, a used car seller and sub-prime auto lender, and First Brands, an auto parts supplier, have put the finance industry on edge, almost…

The UK government’s borrowing costs have fallen to the lowest level since July as Rachel Reeves considers tax rises and spending cuts before next month’s autumn budget.In a boost for the chancellor, the yield –…

“The security blanket is covering us, but maybe we have a foot out in the cold.” That was the typically colourful warning from the International Monetary Fund’s managing director, Kristalina Georgieva, this week to its…

“The security blanket is covering us, but maybe we have a foot out in the cold.” That was the typically colourful warning from the International Monetary Fund’s managing director, Kristalina Georgieva, this week to its…

Nearly £11bn knocked off UK bank valuations todayNearly £11bn has been wiped off the value of the largest banks listed in London today.Banks were among the big fallers in today’s sell-off, with Barclays down 5.66%,…

The collapse of two US firms, First Brands and Tricolor, has shone a light on private credit and its growing influence in the global economy.The failures have led to ballooning losses at traditional banks, and,…

Andrew Ross Sorkin’s first book, Too Big to Fail, was a bestseller about the financial crisis of 2008, published the following year. His second, 1929, out this week, takes readers “Inside the Greatest Crash in…

With borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south.In the latest evidence, Ethiopia last week faced the threat of…