Higher earners warned over taper tax trap on pensions
Surge in savers hit by pension tax charges due to complex rules, say wealth managers
National/regional news and analysis
How the West End’s landlords are preparing London for Saudi summers
Redesign of the capital’s squares and buildings for a future of more heat and floods
Citadel’s swoop on Situational Awareness helped stem a $3tn AI rout
Investors say the hedge fund deal reassured jittery traders in tech stocks
Leopold Aschenbrenner vows to ‘fight another day’ after fund plunges 67% in July
Manager of AI hedge fund Situational Awareness tells investors he will learn from ‘very expensive scars’
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
I helped bring in US bank stress tests. Now it is time to drop them
The time-consuming ritual risks misleading the public about the true health of the financial system
Britain’s quarter century: wealth and widening inequality
In this second part in our series on how the UK has changed in the past 25 years, we look at the finances of both the nation and individuals, before turning to housing and business.
The economy
Steve Schifferes, honorary research fellow, City St George’s University
Fuels propel 10.1% rise in retail sales for May despite volume drop
The growth of Greece’s retail sales accelerated with 10.1 percent year-on-year (YoY) rise in May, after an increase of 4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Ares secures biggest flagship credit fund commitments in three years
Equity commitments from investors to private credit group up more than 40% from a year ago
Taylor Wimpey cuts shareholder returns as weak housing market squeezes builders
UK housebuilder also pares guidance for home completions amid subdued sales
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