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15.10.26 - 09:01
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AI Rally Runs Into Inflation Reality (Bloomberg)
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Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)...
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15.10.26 - 08:00
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UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says (The Guardian)
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Trades Union Congress urges chancellor to tackle rising additional living costs in this month's budgetUK households have paid almost £14,000 on average in additional costs for mortgages, loans, energy and water bills over the past five years, according to a report urging the chancellor to tackle soaring living costs at the budget.With less than a fortnight before John Healey's first budget as chancellor, the Trades Union Congress (TUC) said the cost of living crisis was weighing on the economy as hard-pressed households held back on spending. Continue reading......
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15.10.26 - 04:06
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Mainland China, Hong Kong stocks fall as US inflation spurs Fed tightening concerns (SCMP)
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Stocks on the Chinese mainland and in Hong Kong slumped as a hot reading on US inflation boosted bets that the Federal Reserve will raise interest rates.
The CSI 300 Index slid 1.3 per cent and the chip-heavy Star Market 50 gauge tumbled 2.3 per cent.
The Hang Seng Index fell 0.9 per cent to 24,094.03 as of 9.39am local time. The Hang Seng Tech Index dropped 1.9 per cent.
The probability that the Fed would boost the benchmark borrowing cost by 25 basis points in December had risen to 66 per cent......
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