UK inflation eases for first time in five months to 3.6% before crunch budget

The Channel Tunnel has announced that it will halt projects in the UK, citing 'unsustainable' levels of taxation as the reason for making future investments 'non-viable'.

The US economy added 119,000 jobs in September, according to the latest report, while the unemployment rate rose to 4.4%. This increase in job numbers comes after a period of unexpected losses in August. The report, delayed due to a federal government shutdown, indicates ongoing fluctuations in the labor market.

JD Sports has reported that youth unemployment in the UK is negatively impacting sales growth and profits, with the company expecting annual profits to be at the lower end of expectations. The UK market has been identified as the worst-performing for JD Group, which also owns other brands like Blacks and Go Outdoors.

Gold prices remained largely unchanged, with New York futures trading at $4,081.20 per troy ounce, following the release of U.S. job growth data for September that exceeded expectations. This stability in gold prices comes amidst a backdrop of fluctuating market conditions and investor sentiment.

According to the Office for National Statistics, nearly one million young people in the UK remain out of work or education, representing one in eight youth. Although this figure has seen a slight decrease, it highlights ongoing challenges within the job market for young individuals.

The dollar declined against a basket of currencies following the release of U.S. jobs data, which indicated that employers added more jobs than expected in September. However, the unemployment rate unexpectedly rose, raising concerns about the labor market's stability.

US non-farm payrolls increased by 119,000 in September, exceeding forecasts after a surprising job loss in August. The unemployment rate remained steady at 4.4%. This growth indicates a rebound in the job market despite previous setbacks.

Uber has partnered with Starship Technologies to introduce robot deliveries in the UK. This collaboration aims to enhance delivery efficiency and expand Uber's service offerings in the region. The initiative reflects a growing trend towards automation in the delivery sector.