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UK and US warned to take action on spiralling debt costs by IMF
Source: BBC Business
Original reporting
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CNBC
Oil prices mixed after U.S. and Iran talk for hours at UN meeting
Oil prices were mixed Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.
CNBC
South Korea pushes for Trump summit with renegade North Korea, seeing opportunity for peace
South Korea pushes for Trump summit with renegade North Korea, seeing opportunity for peace
BBC Business4 outlets
UK economy will grow by less than expected next year, OECD says
Higher energy prices due to the conflict in the Middle East and climate change could hit growth.
CNBC
Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Recent weeks have seen AI safety fears reach new heights. That will be a key focus for the U.S. and Chinese premiers, analysts told CNBC.
The Guardian
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks The pound has dipped below $1.33 this morning, as the dollar has strengthened against a number of currencies, on the back of expectations of interest rate hikes in the US. Matthew Ryan , head of market strategy at the global financial services firm Ebury, said: The pound has sunk below 1.33 against the US dollar this morning, as investors prioritise hawkish Fed rhetoric and the upward repricing in US rates over any tailwinds to the UK economy from this week’s drop in global oil prices. The Bank of England has, of course, also placed outsized importance on the energy crisis for the path of its policy rate - suggesting that any hikes would be effectively contingent on a continuation of the conflict - so the re
CNBC
Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Tehran's proposal could pave the way for restoring traffic through the Strait of Hormuz, reviving fragile hopes for a diplomatic off-ramp.