More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose…
London — Britain will drastically reduce protections for refugees under plans to overhaul its asylum system, the Labor government said on Saturday. The measures were announced as Prime Minister Keir Starmer faces mounting pressure over irregular migration in the face of soaring support for the hard right. “I’ll end UK’s golden ticket for asylum seekers,”…
The FTSE 100 nosed back above 8,800 points this morning, gilt yields fell and the pound recovered some of its losses from yesterday’s flash sell-off. London’s premier index was up 33 points in morning trading, led by a 2.6 per cent rebound for Convatec, the wound-care specialist whose core US market has been rattled by…
Here we go again. This week, the Senate unveiled, honed and passed its version of the “Big Beautiful Bill,” and it’s a fiscal monstrosity. What was already an oversized mess in the House has been supersized into a $4-trillion ode to unseriousness. This isn’t tax reform. It’s a bipartisan piñata stuffed with pork, gimmicks and…
Lane Creatore realized she was sitting on an untapped gold mine: her closet. Her closet was full of viral pieces, many of them hardly worn and taking up space in her tiny New York City apartment. Instead of letting those clothes collect dust, Creatore turned to renting them out online. The 31-year-old fashion blogger is…
The problem with cutting care worker visas is the sector is “really badly paid”, the immigration advisory committee chairman has said. Brian Bell told the BBC’s Today programme: “Lots of workers earn exactly minimum wage. Progression is really bad. “Five years in social care you’re probably going to get about 5p extra per hour relative…
SHANGHAI/HONG KONG — The U.S. and China have agreed to slash the “reciprocal” tariffs on each other’s goods, according to a joint statement released on Monday, marking a major turning point in the trade war between the world’s two largest economies. Under the agreement, the U.S. will temporarily lower tariffs on Chinese imports by 115 percentage points…