Bank of Korea Governor Shin Hyun-song indicated a rate hike is necessary at an appropriate time, citing inflation above target and financial stability risks. He also noted solid economic growth prospects driven by semiconductors and eased geopolitical tensions.
Bank of Korea Governor Shin Hyun-song indicated a rate hike is necessary at an appropriate time, citing inflation above target and financial stability risks. He also noted solid economic growth prospects due to the semiconductor industry and eased geopolitical tensions.
UK's Gambling Commission will introduce financial risk assessments for online gamblers spending over £1,000 in 24 hours or £3,000 in 90 days. Lower thresholds apply to under-25s. The industry expressed dissatisfaction, fearing a rise in black market gambling.
The UK's Gambling Commission will introduce financial risk assessments for online gamblers spending over £1,000 in 24 hours or £3,000 in 90 days. These checks, not termed 'affordability checks', will use credit reference data to identify those at risk of financial harm.
The Bank for International Settlements (BIS) warns that heavy debt financing in AI ventures could lead to cascading defaults if investor optimism fades, with $1 trillion in AI-related expenditures by top hyperscalers outpacing earnings.
Asian economies are expected to exercise caution in buying Iranian oil despite a 60-day sanctions waiver, weighing compliance, financial risks, and potential US-Tehran hostilities. This comes as global markets seek cheaper energy, but refiners view the waiver as too short for complex legal requirements.
SpaceX is set for a historic IPO, aiming to raise $75 billion with a $1.8 trillion valuation. The company plans to fund ambitious projects like space-based AI data centers and Mars missions, despite current losses and significant debt.
SpaceX plans a historic $75 billion IPO, valuing the company at $1.8 trillion. The Elon Musk-led firm aims to fund ambitious AI and Mars projects, despite current losses and significant debt.
SpaceX's IPO aims to raise $75B, with Elon Musk prioritizing retail investors. Despite enthusiasm for Musk's vision, analysts warn of extreme volatility and financial risks, as the company is not yet profitable.
Democrats, led by Bernie Sanders and Elizabeth Warren, are strongly opposing a US Department of Labor proposal to allow 401(k) investments in cryptocurrency and private assets, citing risks to workers' retirement savings and potential conflicts of interest related to Donald Trump.
Canada's climate strategy is being dismantled under Prime Minister Carney, with policies like carbon pricing, methane regulations, and EV mandates weakened or delayed. Critics argue this favors fossil fuel infrastructure and contradicts his past climate advocacy, leading to voter remorse and environmental concerns.
Canada's climate strategy is being dismantled under Prime Minister Carney, who has reversed key policies like the consumer carbon price and weakened regulations. Despite past advocacy for climate action, his government is prioritizing investment and fossil fuel infrastructure, leading to criticism and voter remorse.
The UK government has launched a £50m retail investment campaign featuring an animated red squirrel named 'Savvy' to encourage the nation's cautious savers to move money from cash into stock market investments. The three-to-five-year campaign, backed by 20 City firms including Barclays, Aviva and Schroders, aims to target the seven million UK adults holding over £10,000 in cash savings, amid concerns that risk-averse behaviour is stymying UK economic growth.
The UK government has launched a £50m retail investment campaign featuring an animated CGI squirrel named Savvy to encourage the nation's cautious savers to move cash into financial markets. Backed by 20 City firms including Barclays, Aviva and Robinhood UK, the 3-5 year campaign targets seven million adults holding over £10,000 in cash savings, who the Investment Association say are losing out as cash erodes in real terms.
The UK government has launched a £50m advertising campaign featuring an animated CGI squirrel named 'Savvy' to encourage the nation's cautious savers to move their money from cash into financial markets. Backed by 20 major City firms including Barclays, Aviva and Schroders, the three-to-five-year campaign targets the seven million UK adults holding over £10,000 in cash savings, who campaigners say are losing out due to inflation. The Investment Association warns that £10,000 in a cash ISA a decade ago would be worth £8,400 today versus £19,700 in a global equity fund.
