Taming the four horsemen of the infocalypse

Chancellor Rachel Reeves has faced criticism from business leaders for failing to stimulate economic growth in her recent budget announcement, which was expected to address the UK's cost of living crisis. The budget, which included significant tax increases, has been described as a missed opportunity to fulfill Labour's pledge to boost output.

Euroclear has issued a warning to the European Union regarding its plan to utilize frozen Russian assets to secure €140 billion in loans for Ukraine, indicating that this strategy could result in increased borrowing costs for EU member states. The warning highlights potential financial repercussions stemming from the ongoing geopolitical tensions surrounding Russia's actions in Ukraine.

Keir Starmer has denied allegations of breaking manifesto pledges following recent tax increases that have garnered support from Labour MPs. This response comes amid a backdrop of political tension as the Labour government prepares for a crucial budget announcement aimed at addressing the UK's cost of living crisis.

The US is implementing deregulation measures for banks, aiming to enhance lending and profitability, which could further solidify American financial dominance. Critics, however, warn that these changes may increase the risk of a financial crisis similar to past events.

Chancellor Rachel Reeves has announced a budget that raises the UK's tax take to an all-time high of 38% of GDP by the end of the parliament, reflecting a £26 billion tax increase aimed at stabilizing the economy amidst ongoing financial challenges.

Chancellor Rachel Reeves' recent budget announcement has been characterized by the Office for Budget Responsibility (OBR) as a strategy to delay fiscal pain, suggesting that she is now more likely to meet her fiscal rules without additional policy changes. This approach indicates a shift in fiscal management amidst ongoing economic challenges.

S&P has downgraded Tether's assets to the lowest level, citing an increasing exposure to high-risk assets and insufficient disclosures. This decision reflects growing concerns about the stability and transparency of Tether's financial practices in the volatile cryptocurrency market.

Tether has been downgraded to junk status by S&P, reflecting growing concerns about its stability and the overall health of the cryptocurrency market. This decision comes amid a significant downturn in the crypto sector, where traders are increasingly avoiding speculative assets.