Crypto-Spacs put a risky investment in a riskier wrapper
Fusing these together is a bold choice but the acquisition vehicles have a reputation for burning fortunes
Read More
Hedge funds’ bets on Argentina pay off after US bailout
Emerging market and distressed debt specialists post big returns after US support and electoral win boost Buenos Aires
As Labour frustration grows, could OBR forecasts be cut to once a year?
Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement
When Labour was riding high in opposition, the Office for Budget Responsibility was a near sacrosanct institution. Its manifesto pledged Labour would “never sideline the OBR for political convenience”.
But emerging from a punishing spring statement, inside No 10 the former devotees have turned sceptics. The fiscal rules remain untouchable – despite Labour MPs’ grumbles – but there is intense frustration at the institution that marks the government’s homework.
Natural Gas Forecast: Breakdown Risks Deeper Losses – 20 August 2025
Natural gas prices threaten a $2.75 breakdown as weak seasonal demand fuels bearish pressure, with traders eyeing $2.50 as the next key target.
Ryanair takes advantage of oil price fall to lock in cheaper fuel costs
Low-cost airline says US tariff turmoil has not affected bookings
Financial regulator digs into WHSmith’s overstated profits
UK’s FCA engages with retailer but is yet to decide on formal probe into accounting errors at retailer’s US business