Financial Times Front Page 30th of December 2024
US credit card defaults have significantly increased as consumer finances are strained, exacerbated by inflation and leading to the highest delinquency rates in 14 years.
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And the Financial Times reports that Bank of England governor Andrew Bailey has raised the possibility of a half-point rise in interest rates as part of measures to help tackle surging prices. Speaking at a dinner of business and finance leaders in London on Monday, Mr Bailey said the bank’s Monetary Policy Committee faced its “largest challenge” in controlling inflation since the bank gained independence in 1997, but had an “absolute priority” to bring it back to 2%.
Financial Times Front Page 28th of December 2024
Investor demand has soared, pushing corporate debt sales to a record $8tn as borrowing costs decrease, issuance accelerates, and market participants anticipate further activity.
Financial Times Front Page 27th of December 2024
The Russian military has been accused of shooting down an Azerbaijani passenger aircraft, sparking controversy and tension as Western nations, including the UK and US, challenge Kremlin denials and highlight the incident’s potential breach of international security.
Financial Times Front Page 24th of December 2024
Chancellor Rachel Reeves is set to face significant challenges in the new year as the UK’s economic growth stagnates, with business leaders expressing concerns about declining activity and potential impacts on the Labour party’s agenda.