Category: Warns
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Record £40bn tax hike set to slow UK economic growth, warns OBR
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Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…
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Are tech billionaires hijacking our future? This Nobel laureate warns of Big Tech’s stranglehold on AI and democracy
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Should our future be decided by the CEOs of Big Tech? For Nobel laureate in economics Simon Johnson, giving too much power to a handful of billionaires would come at the expense of the public interest. The British-American economist who teaches at the Massachusetts Institute of Technology also stressed that…
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UK nightclubs face extinction as 10 venues close per month, industry warns
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The UK’s popular nightclub scene is on the verge of collapse, with an alarming rate of 10 nightclubs closing every month, according to new research by the Night-time Industries Association (NTIA). The report warns that unless the government intervenes, the UK could see “the end of the era of generation-defining…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Red tape risks turning city into ‘graveyard’, warns Bank of England official
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Sam Woods, chief executive of the Bank of England’s Prudential Regulation Authority, warned that excessive regulation could turn the City of London into a “graveyard” by stifling innovation and risk-taking. Speaking at the city’s annual banquet at the Mansion House, Woods warned that although financial regulation is essential for stability,…
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Analyst Forecasts Bitcoin Could Surge 250%, Yet Warns Of Potential Drop To $10,000
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This article is also available in Spanish. As the week progressed, the price of Bitcoin (BTC) steadily rose towards its all-time high of $73,700 in March of this year. This upward momentum is in line with… Predictions From various market experts, they expect significant gains for the leading cryptocurrency by…
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Analyst Forecasts Bitcoin Could Surge 250%, Yet Warns Of Potential Drop To $10,000
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This article is also available in Spanish. As the week progressed, the price of Bitcoin (BTC) steadily rose towards its all-time high of $73,700 in March of this year. This upward momentum is in line with… Predictions From various market experts, they expect significant gains for the leading cryptocurrency by…
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Ex-Google chief warns red tape is stifling UK growth
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Eric Schmidt, former CEO of Google, has warned that excessive regulation and bureaucracy are holding back the UK’s economic growth and progress towards its net-zero targets. Speaking at an investment summit organized by Sir Keir Starmer, Schmidt suggested the UK government would benefit from appointing an “anti-regulation minister” to address…
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Ex-Google chief warns red tape is stifling UK growth
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Eric Schmidt, former CEO of Google, has warned that excessive regulation and bureaucracy are holding back the UK’s economic growth and progress towards its net-zero targets. Speaking at an investment summit organized by Sir Keir Starmer, Schmidt suggested the UK government would benefit from appointing an “anti-regulation minister” to address…
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10,000 fewer children in private schools ahead of Labour’s VAT policy, warns sector
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The number of children in special education has fallen by 10,000 over the past year, as parents expect VAT to be introduced on school fees in January, according to the Independent Schools Council (ISC). The organization estimates that the move could cost the government an additional £93 million to educate…
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Japan’s top FX diplomat warns against speculative moves as yen falls By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan’s top currency diplomat on Monday issued a warning against speculative moves in the foreign exchange market as the yen fell below 149 yen to the dollar. “We will monitor currency market movements, including speculative trading, with a sense of…
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Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey
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Andrew Bailey, Governor of the Bank of England, has indicated that the bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he warned that escalating tensions in the Middle East could lead to a sharp rise in oil prices, which would complicate…
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IATI-RISE report warns on dangers to Israel’s tech industry
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How badly has Israel’s tech industry been damaged by war over the past year? It depends on who you ask. This morning Israel Advanced Technology Industries (IATI), which also represents foreign investors and Israeli development centers for American companies, in cooperation with the RISE Institute for Policy and Research in…
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Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of ‘Black Swan Event’
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Billionaire investor who predicted crashes in 2000 and 2008 says market euphoria will peak soon, warns of ‘black swan event’ Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mark SpitznagelThe co-founder of Universa Investments believes that the stock market is in…
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Businesses backed by private equity face heightened default risks, warns Bank of England
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The Bank of England has warned that companies owned or backed by private equity firms are at greater risk of default than other large companies. According to new research, these companies are more vulnerable to financial instability, especially when compared to companies that rely primarily on traditional lenders such as…
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Mark Spitznagel warns we’re in ‘black swan’ territory now
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The stock market collapsed last month on recession fears but has since risen to new highs as the Federal Reserve began cutting interest rates and China unveiled stimulus measures. For Mark Spitznagel, co-founder and chief investment officer of hedge fund Universa Investments, events are unfolding as he expected. The hedge…
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Mark Spitznagel warns we’re in ‘black swan’ territory now
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The stock market collapsed last month on recession fears but has since risen to new highs as the Federal Reserve began cutting interest rates and China unveiled stimulus measures. For Mark Spitznagel, co-founder and chief investment officer of hedge fund Universa Investments, events are unfolding as he expected. The hedge…