British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. Hannah Mckay | Reuters LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. Heading into what will … Read more
BARCELONA, Spain — Alef Aeronautics, a SpaceX-backed flying car firm, says it has reached 2,850 preorders for its futuristic electrical vertical takeoff and landing (eVTOL) vehicle. Alef Aeronautics, which is based in San Mateo, California, said preorder numbers recently hit a fresh record after previously reporting 2,500 preorders for its two-seater flying car, the Alef Model … Read more
China is one of the most expensive places in the world to raise a child in relative terms, a new report says, with the disproportionate impact on women driving the country’s precipitously low fertility rate as it grapples with a demographic crisis. The study, released by the China-based YuWa Population Research Institute, found the average … Read more
The Australian suburbs where buyers can secure a home with mortgage repayments on par with the nation’s average rent have been revealed in new data. Australia’s median weekly rent was $570 last year, according to CoreLogic’s 2023 rental report. An analysis of the market by PropTrack found more than 350 locations across the country where … Read more
The U.S. Treasury building in Washington, D.C., on March 13, 2023. Al Drago | Bloomberg | Getty Images The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly … Read more
A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty Images Inflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both the headline and core figures … Read more
Aerial view of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Images The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market. An anticipated fall in interest rates and modest economic revival will … Read more
Mumbai: Overseas ownership of Indian government bonds climbed about $9 billion in just five months since JP Morgan announced its decision to include local sovereign debt in its emerging markets index, illustrating the attractiveness of fixed-income assets in the world’s fastest-expanding major economy for bulge-bracket funds in a constant global hunt for stable currencies and … Read more
U.S. Treasury yields inched lower on Thursday after the latest inflation data was in line with predictions. The 10-year Treasury yield fell nearly 4 basis points to 4.236%. The yield on the 2-year Treasury declined almost 2 basis points to 4.629%. Yields and prices have an inverted relationship and one basis point equals 0.01%. January’s … Read more
When investors think of the financial markets, the first thing that likely comes to mind is the stock market. But there is a bigger, less-flashy counterpart to the equity market: the bond market. At the heart of the fixed income space lies U.S. Treasurys, one of the safest investments in the world. “We have not … Read more
