UK faces highest inflation in G7 this year and next, IMF warns

UK's Shadow Chancellor Rachel Reeves is reportedly contemplating tax increases and spending cuts as part of the upcoming budget. This move comes amid ongoing economic challenges and aims to address fiscal sustainability. The implications of these decisions could significantly impact households and businesses, making it a critical topic for citizens and policymakers alike.

UK's Shadow Chancellor Rachel Reeves is reportedly contemplating tax increases and spending cuts as part of the upcoming budget. This move comes amid ongoing economic challenges and aims to address fiscal sustainability. The implications of these decisions could significantly impact households and businesses, making it a critical topic for citizens and policymakers alike.

The current political crisis surrounding French President Emmanuel Macron serves as a cautionary tale for UK Labour leader Keir Starmer. While Macron once held a strong position in the center, his inability to establish a lasting legacy has led to instability in France. This situation highlights the risks for Starmer, who has recently gained significant support but must navigate the complexities of political volatility. The implications of Macron's struggles could resonate across the Channel, reminding Labour of the importance of solidifying their position to avoid a similar fate.

The current political crisis surrounding French President Emmanuel Macron serves as a cautionary tale for UK Labour leader Keir Starmer. While Macron once held a strong position in the center, his inability to establish a lasting legacy has led to instability in France. This situation highlights the risks for Starmer, who has recently gained significant support but must navigate the complexities of political volatility. The implications of Macron's struggles could resonate across the Channel, reminding Labour of the importance of solidifying their position to avoid a similar fate.

The Federal Reserve is back in the spotlight as it prepares for its upcoming meeting, where interest rates and inflation will be key topics. This is significant because the decisions made by the Fed can have a profound impact on the economy and financial markets, influencing everything from consumer spending to investment strategies.

The Federal Reserve is back in the spotlight as it prepares for its upcoming meeting, where interest rates and inflation will be key topics. This is significant because the decisions made by the Fed can have a profound impact on the economy and financial markets, influencing everything from consumer spending to investment strategies.

In a significant crackdown on alleged scammers, authorities in the US and UK have seized Bitcoin worth $14 billion and frozen assets, including a £100 million office building in London. This operation highlights the ongoing efforts to combat cryptocurrency-related fraud and protect investors, showcasing the commitment of law enforcement to tackle financial crime on a global scale.

In a significant crackdown on alleged scammers, authorities in the US and UK have seized Bitcoin worth $14 billion and frozen assets, including a £100 million office building in London. This operation highlights the ongoing efforts to combat cryptocurrency-related fraud and protect investors, showcasing the commitment of law enforcement to tackle financial crime on a global scale.

The recent retreat of Canada, the U.K., and the European Union from ambitious electric vehicle (EV) targets highlights growing economic concerns that are influencing global climate policies. Even China, a leader in EV production, is showing signs of hesitation. This shift matters because it could slow down the transition to cleaner transportation and impact global efforts to combat climate change.

The recent retreat of Canada, the U.K., and the European Union from ambitious electric vehicle (EV) targets highlights growing economic concerns that are influencing global climate policies. Even China, a leader in EV production, is showing signs of hesitation. This shift matters because it could slow down the transition to cleaner transportation and impact global efforts to combat climate change.

The IMF chief has highlighted that the absence of retaliation against Trump's tariffs is positively impacting global growth. This is significant because it suggests that countries are finding ways to adapt to trade tensions without escalating conflicts, which could lead to a more stable economic environment. As nations navigate these challenges, the focus on cooperation rather than confrontation could foster a healthier global economy.

The IMF chief has highlighted that the absence of retaliation against Trump's tariffs is positively impacting global growth. This is significant because it suggests that countries are finding ways to adapt to trade tensions without escalating conflicts, which could lead to a more stable economic environment. As nations navigate these challenges, the focus on cooperation rather than confrontation could foster a healthier global economy.

LVMH has made a surprising comeback in sales growth during the third quarter, driven by increased demand for Moët & Chandon Champagne and Dior perfumes. After facing a significant decline, especially in China, this 2% rise in sales signals a positive shift not only for LVMH but also for the luxury market as a whole. This rebound is crucial as it indicates a potential recovery in consumer spending in one of the world's largest luxury markets.

ASML has reported a surge in orders for its chip-making equipment, driven by the increasing demand for advanced semiconductors amid a frenzy of AI spending. This positive trend not only highlights the company's strong market position but also reinforces its guidance for 2025, indicating a promising outlook for the future. As AI technology continues to evolve, the need for sophisticated chips is expected to grow, making ASML a key player in this booming sector.

The FTSE 100 is set to rise as a broad rebound in stocks signals renewed investor confidence. This uptick is significant as it reflects a recovery in the market, potentially leading to increased investment and economic growth. Investors are optimistic about future performance, which could positively impact various sectors.

ASML reported a remarkable €7.5 billion in revenue for the third quarter of 2025, showcasing its resilience amid changing regional demand patterns. This strong financial performance highlights the company's ability to adapt to market fluctuations and reinforces its position as a leader in the technology sector. Investors and industry analysts are optimistic about ASML's future prospects, as the demand for advanced semiconductor manufacturing equipment continues to grow.

ASML has reported better-than-expected bookings for the third quarter, showcasing its strong position in the semiconductor industry. However, the company has also expressed concerns about declining demand from China, which could impact future growth. This news is significant as it highlights the ongoing challenges in the global tech market, particularly with geopolitical tensions affecting trade.

Goldman Sachs has raised its price target for Tech Mahindra's stock while still maintaining a 'Sell' rating. This move indicates that while the investment bank sees potential for the stock to rise, it still believes that investors should be cautious. This is significant as it reflects the mixed sentiment in the market regarding Tech Mahindra's performance and future prospects.