Thursday 14 May 2026 10:26 am Traders are hitting the sell UK button. Traders are betting against the UK as the political storm in Westminster continues to send jitters through asset markets. The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning. Meanwhile, figures from IG
President Donald Trump has many people he perceives as enemies in Washington, D.C., and few of them have resisted his pressures as successfully as outgoing Federal Reserve Chair Jerome Powell. Now, a former Obama-era economic adviser argued that he has left behind a “genius” playbook for those looking to beat back the president’s threats. Jason
The Federal Government has unveiled a renewed strategy to revive Nigeria’s Cotton, Textile and Garment (CTG) industry, with projections that the sector could generate more than 1.5 million jobs and strengthen the country’s industrial and export capacity. The initiative, under the National Cotton, Textile and Garment Industrial Transformation Programme (NCTG-ITP), was showcased during the Phase
Wednesday 13 May 2026 10:14 am Rachel Reeves could suffer a £12bn hit from Labour leadership speculation. Labour’s political infighting could cost Chancellor Rachel Reeves up to £12bn, analysis by a Wall Street bank has suggested. Hot-tempered bond markets and stunted growth – a consequence of further political instability – would knock around £12bn off
President Donald Trump likes to brag about the stock market, but finance experts are warning that the current positive trends are likely illusory. Quoting investor Michael Burry, who famously covered the subprime mortgage crisis in the book and movie “The Big Short,” Fortune senior editor-at-large Shawn Tully wrote on Wednesday that “the stock market has
As inflation continues to shape investment decisions in Nigeria, more investors are weighing whether to keep their money in high-yield savings accounts or seek potentially stronger long-term returns through equity funds. Nigeria’s annual headline inflation rate rose to 15.38 percent in March 2026, ending an 11-month decline, according to data from the National Bureau of
Wednesday 13 May 2026 6:30 am | Updated: Wednesday 13 May 2026 4:12 pm Keir Starmer promised to “mainline AI into the veins” Good morning and welcome back to the City AM liveblog. UK borrowing costs are taking a modest breathe this morning after settling much higher yesterday after a session jam-packed with political turmoil.
With the 2026 midterms less than six months away and President Donald Trump suffering from persistently low approval ratings in countless polls, some GOP lawmakers have a warning for members of their party: voters are angry. A CNN/SSRS poll released on May 12 found that only 30 percent of Americans approve of Trump’s handling of
…As reform shocks fade …Growth pace still too slow to reduce poverty Nigeria’s economy is on track to deliver a real GDP growth of roughly 4.0 percent year-on-year for the first quarter of 2026, a figure that would represent the country’s most robust opening-quarter performance since the post-pandemic recovery began in 2021. This projection signals
President Donald Trump, in speech after speech, insists that the U.S. economy has never been better. Yet numerous polls are showing widespread dissatisfaction with his second presidency. And according to CNN, Americans are in a relentlessly “sour mood” that is showing no signs of improving. Five CNN reporters — Jennifer Agiesta, Annette Choi, Ariel Edwards-Levy