Business rates to be cut by 20% for pubs, clubs and music venues in England
Burnham says relief for vape shops and other ‘non-positive’ businesses to be reviewed as part of £100m plan to fund cut
Economy
South African Rand: Hawkish SARB could strengthen ZAR – Societe Generale
Societe Generale strategists expect a 25bp rate hike in South Africa after a sharp June inflation surprise, with Headline Consumer Price Index (CPI) at 5.0% and core at 4.1%. They highlight broadening price pressures be…
Australian Dollar hits one-week top vs New Zealand Dollar on upbeat Aussie jobs data
The AUD/NZD cross attracts fresh buyers following the release of the monthly Australian jobs report and climbs to a one-and-a-half-week high, around the 1.2060-1.2065 region, during the Asian session on Thursday. Spot p…
Japan’s Katayama: Ready to take decisive action on foreign exchange as needed
Japanese Finance Minister Satsuki Katayama reiterated on Thursday that his government was “ready to take decisive action on foreign exchange as needed.”
Australia’s Domino’s Pizza considering appeal options after class action court ruling
Pizza wars, sham contracts, business collapses and underpayment of wages have plagued workers and franchisees across the $4 billion pizza sector since the introduction of cheap pizzas four years ago.
Gold holds above $4,100 as weak USD counters Fed hike bets amid US-Iran escalation
Gold (XAU/USD) holds above the $4,100 mark during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest pullback from an over two-week high. Crude oil prices climb to a fresh high s…
Canadian Dollar holds gains vs soft USD as rallying oil prices counter trade risks
The USD/CAD pair remains on the defensive below the 1.4100 mark during the Asian session on Thursday amid a combination of factors. However, the lack of follow-through selling warrants caution before confirming that thi…
Australian Dollar gathers strength above 0.7000 on resilient labor data
The AUD/USD pair holds positive ground near 0.7010 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following Australia’s employment data. Traders will clo…
BoJ to raise rates again by December — Reuters poll
According to a majority of economists in a Reuters poll, the Bank of Japan (BoJ) will raise its interest rate again by the end of December and possibly as soon as October, keeping further rate rises in view through next…
China's Moonshot AI stole from Anthropic, Trump tech adviser says
A White House adviser has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models.
New Zealand Dollar strengthens above 0.5800 on RBNZ hawkish outlook
The NZD/USD pair gains ground to near 0.5820, snapping the two-day losing streak during the early European session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on a hawkish tone from…
Google reports 12th consecutive quarter of strong revenue gains
Google’s parent company, Alphabet, reported double-digit revenue growth for its second-quarter earnings on Wednesday. This is the tech giant’s 12th consecutive quarter of massive revenue gains.
China's Moonshot AI stole from Anthropic, Trump tech adviser says
A White House adviser has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models.
Chinese Yuan: Short-term consolidation with bullish bias against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH consolidating in the near term after recent downside moves. Their 24-hour view expects the Dollar to trade between 6.7635 and 6.7755 as down…
Airport drop-off fees up by a third - here are the priciest
Drop-off fees at the UK's major airports have risen by a third on average since last summer, new analysis has found.
Why is Cathay Pacific Airways stock surging today?
The collapse of Spirit Airlines, the scrappy low-cost carrier, underscores the fragile economics of air travel amid $4-per-gallon jet fuel and high crude prices.
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the ea…
A cooler inflation print buys British Pound Sterling nothing but a slower decline
The Pound's week-long slide slowed to a crawl on Wednesday, and it picked an odd session to do so, because the June inflation report handed sellers their cleanest argument yet. GBP/USD tagged the 1.3350 area in early Ne…
Iran warns of ‘eye for an eye’ response if US carries out Trump’s threat
Iran’s Foreign Minister Abbas Araghchi said that Tehran would respond in kind to any attack on its infrastructure after US President Donald Trump threatened to bomb a bridge or power plant for every ship targeted in the…
Silver Price Forecast: XAG/USD bulls have the upper hand above $59.00 confluence
Silver (XAG/USD) attracts fresh buyers near the $58.25-$58.20 zone during the Asian session on Thursday, stalling the previous day's modest pullback from the $61.00 neighborhood, or an over two-week high. The white meta…
South Korean Won: AI-driven exports support KRW outlook – Commerzbank
Commerzbank highlights South Korea’s exports rising over 50% year-on-year in early July, marking a seventh month of double-digit growth, driven by semiconductors and AI-related data centre demand. The Bank of Korea (BoK…
New Zealand Dollar stalls after hotter-than-expected inflation
NZD/USD trades lower near the 0.5820 area on Wednesday, extending its recent pullback as the New Zealand Dollar (NZD) struggles to benefit from stronger-than-expected domestic inflation data.
Why the UK is dithering over what to do about e-scooters
When I step out of Southampton Central railway station, it takes me just seconds to spot an e-scooter. In this city, these devices have become a normal part of the transport ecosystem, along with e-bikes.
Australian Dollar gains against Japanese Yen following employment data
AUD/JPY gains ground after recovering daily losses, trading around 114.30 during the Asian hour on Thursday. The currency cross receives support as the Australian Dollar (AUD) gains ground following the release of impro…