Myvector/ShutterstockWhatever decisions Rachel Reeves makes in her second budget as UK chancellor, it is clear that she needs to find lots of money. Some argue that the best and fairest way of doing this is to raise the taxes of the country’s wealthiest people.
In the UK alone, fraud is thought to cost the economy £219 billion per year. tete_escape/ShutterstockFraud is now the most common offence in the UK accounting for more than 40% of reported crime.
The unemployment rate rose in September as more people looked for jobs, according to data delayed by the government shutdown.
Agostino Capponi and Jin-Wook ChangThis paper investigates how settlement speed affects financial stability in payment networks, taking into account netting benefits, liquidity costs, and counterparty risks. Our analysis reveals that faster settlements have ambiguous effects on systemic risk and social welfare. The optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other.
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.
By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays.
By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays.
The Finance Ministry tabled in Parliament on Thursday the final budget for 2026, which sees growth slightly accelerating, a strong fiscal performance and a downward trajectory for the debt-to-GDP ratio
The Chinese embassy in Athens has issued a pointed rebuke to comments by the US ambassador about the ownership of Piraeus port, highlighting the risks posed by the Greek government’s growing alignment with Washington.
