UK wage growth steady at 3.4% as BoE weighs inflation
Growth in British wages excluding bonuses stood at 3.4% in the first three months of 2026 compared with the same period a year earlier, according to official data released on…
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Category: Business
Warsh’s stance on Fed powers sparks concerns over market stability
Incoming Federal Reserve Chair Kevin Warsh has sparked concern among global central bankers after suggesting the US Federal Reserve’s independence may not fully extend to its international crisis-response operations These…
Foreign holdings of US Treasuries fall as Japan, China cut exposure
Foreign holdings of US Treasuries declined in March, according to data released by the US Treasury Department on Monday, with Japan and China leading the reduction in exposure. Total foreign-owned…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that…
China’s economy stumbles as factory output and retail sales miss
China’s economic momentum weakened sharply in April as factory production, retail spending and investment all fell short of expectations, adding to concerns over the durability of the country’s recovery. Official…
Southeast Asia’s power demand to triple by 2030: report
Southeast Asia’s power demand from green industrial parks, data centres, and electric vehicles is expected to increase threefold to more than 100 terawatt-hours over the next three to four years,…
WFH, EV push: how India is responding to PM Modi’s fuel-saving call amid Iran war
Following Prime Minister Narendra Modi’s call for Indians to conserve fuel and save foreign exchange as the country grapples with the fallout of the Iran war, state-run institutions, public sector…
IMF raises UK growth forecast but warns of political uncertainty
The International Monetary Fund (IMF) raised its growth forecast for the UK economy on Monday but warned that growing domestic uncertainty and political instability could weigh on spending and investment.…
The ‘Thucydides Trap’: why a 2,500-year-old war loomed over the Trump-Xi summit
In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger. “There is no such thing as…