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Saturday, 15 August 2026

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Economy

SpaceX and AI startup wealth fuels demand for private jets

Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, ⁠burying her in paperwork for aircraft-pu…

Capita expects to lose up to £40m over pension scheme fiasco

Capita has revealed that the bill for cleaning up its mess at the crisis-hit Civil Service Pension Scheme could wipe up to £40m off annual profits – a day after its chief executive apologised to MPs for a “very poor ser…

Fed: Hawkish minutes keep upside rate risks – ING

ING strategists Michiel Tukker and Benjamin Schroeder note that the Federal Reserve’s June minutes confirmed a more hawkish stance despite an unchanged policy rate. They highlight that nine officials pencilled in higher…

Czech Koruna: CNB alignment may weigh CZK against Euro – BNY

Geoff Yu at BNY Mellon highlights that Czech National Bank policy expectations have risen alongside the ECB, yet the Czech Koruna is sliding on a nominal effective basis. He argues that closely matching Eurozone tighten…

Oil: Strait of Hormuz risks keep prices supported – BNY

BNY’s Geoff Yu highlights that Oil is back in focus as shipping through the Strait of Hormuz nears a standstill and ceasefire risks rise. iFlow data show energy equities flows stabilizing after June profit-taking, with …