Financial Times Front Page 3rd of January 2025
The sluggish economic growth in the UK is leading economists to predict that tax increases are likely unavoidable, as government revenues struggle to meet expectations amidst ongoing fiscal challenges.
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And the Financial Times reports on the decision by the European Central Bank to raise interest rates by 0.25% to 3.25%. The paper says the president of the Bank, Christine Lagarde, has signalled the rate rise will not be the last such move this year, though adds that “with price pressures down from their peak and a credit crunch looming, many economists think the rate-tightening cycle is nearing its end”.
Financial Times Front Page 2nd of January 2025
Nvidia has invested $1bn into AI start-ups, leveraging its $9bn war chest to fuel innovation and future revenues while navigating antitrust concerns linked to its dominant position in the chip market.
Financial Times Front Page 31st of December 2024
Investors have withdrawn $450bn from actively managed stock funds in favour of cheaper index-tracking investments, as traditional funds struggle with underperformance and the dominance of Big Tech in markets.
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.