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In charts: How one of the world's biggest economies got trapped by debt
Source: CNBC
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The Guardian
IMF raises UK growth forecast in boost for chancellor - business live
Rolling coverage of the latest economic and financial news UK government bonds are rallying this morning, after the IMF said it had increased its growth forecast for the country this year. Yields (which fall when bond prices rise) are down by about 5 basis points for the 10-year gilt, and down by 4 basis points for the 5-year. Continue reading...
The Guardian
Hobbs and Whistles owner investigates hack that may have exposed customer data
Cyber-attack on TFG London comes less than a week after online fashion seller Asos was hit by hackers Business live – latest updates The owner of Phase Eight, Hobbs and Whistles has warned that its websites and IT systems have been hit by a cyber-attack that may have compromised customers’ personal data. The South-African listed TFG London said that it had identified the “cybersecurity incident” at the three UK-based retail chains on Sunday. Its two other UK brands – Inside Story and White Stuff – are not affected. Continue reading...
CNBC
UnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costs
UnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share.
CNBC
Trump census plan to cut noncitizens from 2030 count spurs critics toward legal fight
The Trump administration's proposal to exclude some noncitizens from the 2030 census prompts alarm for voting rights groups.
BBC Business
Poundland in rescue talks as owners seek buyer
The leadership team is attempting a buyout, but a union has warned the retailer could fall into administration instead.
The Guardian
Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progress Business live – latest updates Shares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to “casino” gamblers, and the Chinese memory chip maker CXMT said it had made good progress on a new chip architecture. South Korea’s benchmark Kospi index tumbled 6.25% as investors dumped chip stocks, while other Asian markets were also lower. Japan’s Nikkei fell 1.8% and the Taiwan exchange lost almost 2%, with the country’s chip maker TSMC down by a similar amount. Continue reading...