Alhasan: Iran Chokepoints Squeeze Energy Markets (Video)
Related Stories
World's largest wealth fund posts $30 billion loss after bond market turbulence
Norway's sovereign wealth fund — the largest in the world — said Thursday that its investment portfolio delivered a loss of $30 billion in the third quarter as rising interest rates dented returns on its bond holdings. Norges Bank Investment Management, which manages the $2.3 trillion fund, said the accounting return for the period was a loss of 278 billion kroner ($29.7 billion). Its fixed income investments delivered a negative return of 3.5%, with the fund's management saying this was a...
Meta shares jump 5% as AI investments fuel revenue growth
Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as the social media giant's revenue climbed sharply, adding to confidence that the firm's AI spending is improving the business. Meta shares rose about 5% in after-hours trading on Wednesday, as the tech company delivered strong growth and said its AI investments were paying off. Meta’s core advertising business delivered a strong quarter, with the company reporting a 26% increase in total revenue to...
You be the chancellor: play our budget game to see if you can balance the books
See if you can do a better job than John Healey at creating a budget that keeps MPs and the bond markets onsideOn 28 October, John Healey will announce the autumn budget to parliament. As in all years, the chancellor has to strike a balance between the following:Raising the money needed to fund the services that voters demand. Keeping taxes at levels that are acceptable to voters.
Chancellor to pitch budget at wealth creators – UK politics live
John Healey is expected to cut red tape requirements, particularly for smaller businessesGood morning. A week today John Healey, the chancellor, will be doing a media round defending the budget he is presenting on Wednesday next week. Ahead of that, he has given an interview to Patrick Maguire from the Times.