Economic news
Biden’s activist treasury issuance continues under Trump
Despite past criticism by Scott Bessent and Stephen Miran, the debt strategy persists and is spreading internationally
Fossil fuel spending to fall for first time since pandemic
Decline is led by oil sector, where lower prices are forcing companies to reassess their plans, says IEA
UK savers penalised for failing to shop around
More than 80% unaware of pension fees while across all forms of investment only 7% check costs before opening an account
Big investors shift away from US markets
Donald Trump’s trade war and rapidly mounting government debt have shaken confidence in American assets
Nigeria’s PalmPay thrives on ‘ultimate competition’ of cash
Chinese-backed payment app has focused on customers excluded by traditional banks, growing to 35mn users