UK chancellor Rachel Reeves has made some significant reforms in her latest budget. Notably, she has committed to easing living cost pressures with widespread energy bill support, higher taxes for the most expensive homes, and axing the two-child cap on certain benefits.
Letter from the Chancellor to the Governor
Government ministers say they are confident overdue payments will hit farmers’ bank accounts in time to call off disruptive protests planned for the coming week, while they hope to have the payments system tidied up by the end of the year.
The European Bank for Reconstruction and Development (EBRD) Transition Report 2025-26, "Brave Old World," identifies Greece as a rapidly ageing economy facing mounting demographic challenges, necessitating bold policy responses centered on extending working lives, boosting productivity through technology, and facilitating targeted labor mobility.
The budget primary balance was confirmed at a surplus of 10.25 billion euros up to October, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Trade turmoil in April 2025 saw a marked change in cross-asset behaviour compared with typical patterns. Notably, the US dollar depreciated strongly while US Treasury yields rose – the opposite of what usually happens in a risk-off environment. This prompted discussions as to whether the safe-haven properties of US dollar-denominated assets might be changing. This is particularly important for euro area financial stability since euro area investors hold US dollar-denominated securities in an amount equivalent to €6 trillion, which represents a significant share of their portfolios.
Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
Jin-Wook Chang, Jacob Dice, Shengwu Du, Adam Flury, Sam Jerow, Seung Jung Lee, Stacey Schreft, and Craig VandreThis paper examines cyber vulnerabilities across the 100 largest US banks, non-bank financial institutions (NBFIs), and their third-party service providers.
Food assistance does more good when it doesn't make people feel bad for needing help. SolStock/E+ via Getty ImagesThe 2025 government shutdown drew widespread attention to how many Americans struggle to get enough food.
In a wave of new ads, brands like Heineken, Polaroid and Cadbury have started hating on artificial intelligence (AI), celebrating their work as “human-made”.
But in these advertising campaigns on TV, billboards on New York streets and on social media, the companies are signalling something larger.
Even Apple’s new series release, Pluribus, includes the phrase “Made by Humans” in the closing credits.
