\n<\/p>\n
US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve\u2019s next meeting in September, and called for a series of rate cuts.<\/p>\n
His comments come after data showed inflation held steady at 2.7% in July.<\/p>\n
He said the central bank\u2019s benchmark ought to be at least 1.5 percentage points lower than it is now.<\/p>\n
Bessent said in a television interview on Bloomberg<\/em> Surveillance<\/em> today:<\/p>\n I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September. f you look at any model [it suggests that] we should probably be 150, 175 basis points lower.<\/p>\n Fed policymakers kept their benchmark at a target range of 4.25% to 4.5% at their last policy meeting on 30 July. Bessent reiterated his view that they might have cut rates in June and July, had officials been aware of the revised data on the labor market that were released two days.<\/p>\n I suspect we could have had rate cuts in June and July.<\/p>\n Bessent said, referring to data released by the Bureau of Labor Statistics on 1 August that downwardly revised payroll gains in May and June by 258,000.<\/p>\n Share<\/span><\/span><\/p>\n Key events<\/p>\n <\/span>Show key events only<\/p>\n Please turn on JavaScript to use this feature<\/span><\/p>\n <\/span><\/p>\n With that, we\u2019re wrapping up for the day.<\/p>\n Thank you for reading. We\u2019ll be back tomorrow. Take care! \u2013 JK<\/em><\/p>\n Share<\/p>\n Bessent also said that the unprecedented revenue-sharing agreement struck by the White House with US chipmakers Nvidia<\/strong> and AMD<\/strong> could be rolled out to other industries.<\/p>\n Under pressure from Donald Trump, Nvidia and AMD agreed to give the US government 15% of their Chinese chip sales in exchange for export licences.<\/p>\n Bessent told Bloomberg TV today:<\/p>\n I think we could see it in other industries over time.<\/p>\n I think right now this is unique, but now that we have the model and the beta test why not expand it?<\/p>\n Share<\/p>\n US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve\u2019s next meeting in September, and called for a series of rate cuts.<\/p>\n His comments come after data showed inflation held steady at 2.7% in July.<\/p>\n He said the central bank\u2019s benchmark ought to be at least 1.5 percentage points lower than it is now.<\/p>\n Bessent said in a television interview on Bloomberg<\/em> Surveillance<\/em> today:<\/p>\n I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September. f you look at any model [it suggests that] we should probably be 150, 175 basis points lower.<\/p>\n Fed policymakers kept their benchmark at a target range of 4.25% to 4.5% at their last policy meeting on 30 July. Bessent reiterated his view that they might have cut rates in June and July, had officials been aware of the revised data on the labor market that were released two days.<\/p>\n I suspect we could have had rate cuts in June and July.<\/p>\n Bessent said, referring to data released by the Bureau of Labor Statistics on 1 August that downwardly revised payroll gains in May and June by 258,000.<\/p>\n Share<\/p>\n The NHS landlord Assura<\/strong> is to be taken over by another UK healthcare investor in a \u00a31.8bn deal after securing backing from shareholders, while a rival offer from US private equity firm KKR has lapsed.<\/p>\n Primary Health Properties<\/strong> said on Tuesday it had secured acceptances for 62.9% of Assura shares for its bid. It is thought that KKR<\/strong> and its investment partner Stonepeak<\/strong>, both based in New York, will sell their 5% stake into the offer.<\/p>\n PHP won backing from Assura\u2019s board in June for its cash and shares offer worth \u00a31.79bn at the time, after a lengthy bidding war with KKR.<\/p>\n Both PHP and Assura invest in buildings housing GP practices, while Assura also bought a portfolio of private UK hospitals worth \u00a3500m last year. including Cancer Centre London and the Edgbaston hospital in Birmingham. Assura has been buying healthcare properties at a time when the NHS is under immense pressure to reduce long waiting times for operations and other treatments, and demand for private care has increased.<\/p>\n Share<\/p>\n The pound has hit its highest level in three weeks against the dollar, as investors are betting that US interest rates will fall more quickly than UK ones, following a steady US inflation figure.<\/p>\n Headline US inflation stayed at 2.7% in July versus forecasts of an uptick, while a core measure that excludes volatile items such as energy and food rose to 3.1%, reflecting the increased cost of some goods and services, as new trade tariffs kicked in.<\/p>\n But markets are focusing on the more benign aspects of the inflation data and in any case, the Federal Reserve will be watching another measure, the personal consumption expenditures index, closely, which is out of 29 August.<\/p>\n US treasury secretary Scott Bessent<\/strong> has upped the ante, calling for a half-point rate cut at the Fed\u2019s next meeting on 16-17 September.<\/p>\n Sterling has gained more than 8% against the dollar this year, and was last 0.5% higher at $1.3572. It has risen by nearly 2.4% in August against the greenback, and is on track for its biggest monthly increase since April (if maintained).<\/p>\n The Bank of England cut interest rates last week but the next move might only come in November. While the UK labour market is cooling, with vacancies falling, the central bank has has voiced concerns over rising food prices, which could push inflation to 4%.<\/p>\n Share<\/p>\n Global oil supply will rise faster than expected this year and next as members of the oil cartel Opec and allies ramp up output, while countries outside the group are also pumping more, according to the International Energy Agency.<\/p>\n The Paris-based group estimates that supply will by 2.5m barrels per day (bpd) in 2025, up from its previous forecast of 2.1m bpd, and by a further 1.9m barrels next year.<\/p>\n Opec+ \u2013 the Organization of the Petroleum Exporting Countries, along with Russia and other allies \u2013 is adding more crude to the market, as the group decided to unwind its most recent output cuts more quickly than planned. This, along with concerns that Donald Trump\u2019s tariffs could disrupt the world economy, has been a drag on oil this year.<\/p>\n Oil prices extended losses after the report was published. Brent crude, the global benchmark, fell by 0.5% to $65.79 a barrel<\/p>\n Supply is rising far faster than demand in the IEA\u2019s view. It expects world oil demand to rise by 680,000 bpd this year and 700,000 bpd next year, both 20,000 bpd lower than its previous forecast.<\/p>\n The agency said in its monthly report:<\/p>\n The latest data show lacklustre demand across the major economies and, with consumer confidence still depressed, a sharp rebound appears remote. Oil market balances look ever more bloated.<\/p>\n OPEC on Tuesday maintained its forecast for demand to rise by 1.29m bpd this year – almost double the IEA figure.<\/p>\n Share<\/p>\n The big four accountancy firm PwC<\/strong> has intensified the way it tracks how often its UK employees come into the office by monitoring swipes of work passes and connections to wifi, prompting concerns among staff.<\/p>\n Bosses use a dashboard to record attendance and check whether workers are adhering to the company policy that requires them to spend three days a week, or 60% of their time, with clients or in the office.<\/p>\n The panel shows staff as \u201camber\u201d if they fall below the 60% threshold, while workers show as \u201cred\u201d if they drop below 40%.<\/p>\n The dashboard was first available for use by supervisors in April, while the office attendance data can reportedly be viewed by business unit leaders, as well as PwC\u2019s chief financial, administrative and people officers. Employees are also able to access their own data.<\/p>\n Share<\/p>\n A Chinese firm is reportedly a leading contender to buy Thames Water<\/strong> if the heavily indebted company collapses in coming weeks.<\/p>\n Hong Kong\u2019s CKI<\/strong>, which invests in power and other utility companies in the UK, is among those lining up to acquire the water and sewerage supplier if it enters a special administration regime (SAR), according to the Times.<\/p>\n It has reportedly said it would be prepared to operate under tougher penalties for environmental breaches than Thames\u2019s class A creditors, who have put together their own purchase bid.<\/p>\n The creditor group has said the company cannot afford to operate with an expected \u00a31bn of fines coming down the track, which are levied by the regulator for breaches such as illegally dumping sewage. In May, Thames was hit with a record \u00a3104m fine over environmental breaches involving sewage spills.<\/p>\n Share<\/p>\n The UK\u2019s Chartered Trading Standards Institute is issuing an urgent warning about the growing number of counterfeit \u201cLabubu\u201d dolls being sold in the UK.<\/p>\n The plush toys that have gone viral on social media \u2013 quirky fang-toothed \u201cmonster elf\u201d figures made popular by Chinese toymaker Pop Mart<\/strong> \u2013 have become a global collector\u2019s craze. This has triggered a surge in fakes, many being sold by third-party sellers on online marketplaces and in local shops that are breaking the law.<\/p>\n Trading Standards teams have seized thousands of unsafe counterfeit Labubu dolls in recent weeks. In just one month, more than 2,000 were confiscated from 13 retailers in North Tyneside, with more found in Greater Manchester, Humberside, North Somerset, and Scotland. Many of these items were discovered after tip-offs from concerned parents.<\/p>\n Counterfeit Labubu dolls are poorly made and unsafe. Many contain small, detachable parts such as eyes, hands, and feet, which present a serious choking hazard to young children. Loose stitching and exposed stuffing increase the risk of suffocation.<\/p>\n <\/span>Zufi Alexander wears beige mini skirt made of fur, orange MiuMiu bag with beige Labubu charm, purple, yellow and orange stripped long sleeve top, light pink socks, beige platform shoes during Copenhagen Fashion Week.<\/span> Photograph: Raimonda Kulikauskiene\/Getty Images<\/p>\n These fakes often breach the UK\u2019s toys safety regulations, lacking CE or UKCA safety markings, importer details, and required safety warnings. They may also contain toxic substances such as lead, harmful dyes, or banned plasticisers.<\/p>\n Genuine Labubu dolls have a distinctive elf-like design and include authenticity features such as a holographic POP MART sticker, a scannable QR code linking to the official Pop Mart website, and on newer editions a subtle UV stamp on one foot.<\/p>\n Fakes can be spotted via their overly vibrant colours and an incorrect teeth count, with authentic Labubus having nine.<\/p>\n Kerry Nicol<\/strong>, external affairs manager at CTSI, said:<\/p>\n These dolls are fast becoming the latest must have craze, which is being amplified by social media influencers promoting and showcasing \u2018unboxing\u2019 of the products on platforms such as TikTok and Instagram. Supply and demand means that legitimate Labubu dolls are almost impossible to find.<\/p>\n Parents understandably want to be able to get their hands on these toys for their children and rightly expect the toys they buy to be safe, but dangerous counterfeits are finding their way into the market.<\/p>\n These fake products bypass the rigorous safety checks and compliance requirements the law demands, meaning they could contain choking hazards, toxic materials, or faulty components that put children at serious risk. Everyone involved in the supply chain \u2013 from manufacturers and fulfilment houses to sellers and marketplaces should have a role to play in ensuring unsafe toys never reach the hands of children.<\/p>\n Share<\/p>\n Updated at\u00a005.57 EDT<\/p>\n The Treasury is looking at ways to raise more money from inheritance tax amid growing pressure on the country\u2019s finances ahead of Rachel Reeves<\/strong>\u2019 autumn budget, sources have told the Guardian, our City edito Anna Isaac reports.<\/p>\n Officials have been tasked with examining whether tightening rules on the gifting of money and assets could be one way of addressing a gap between revenue and spending that is estimated to reach more than \u00a340bn.<\/p>\n Although no decisions have been taken, the government has been careful not to rule out tax rises later this year amid slowing economic growth, higher-than-hoped inflation and unemployment at a four-year high.<\/p>\n Labour MPs have been pushing the idea of a wealth tax, but changes to inheritance tax (IHT) thresholds could be similarly controversial.<\/p>\n <\/span>Chancellor of the Exchequer Rachel Reeves speaks during a visit to Studio Ulster in Belfast on August 12.<\/span> Photograph: Oliver Mcveigh\/AFP\/Getty ImagesShare<\/p>\n World shares have risen to record levels while the dollar fell amid hopes of an interest rate cut in the US in September.<\/p>\n The MSCI all country world index climbed for a second day, rising as high as 950.13, an all-time high. Japan\u2019s Nikkei hit an all-time closing high for the second day in a row. Last night, the S&P 500 and the Nasdaq reached fresh peaks on Wall Street.<\/p>\n European stocks, on the Stoxx 600 Europe index, rose by 0.4%, with Germany\u2019s Dax 0.7% ahead. Technology and defence stocks such as BAE Systems are among the biggest gainers. The FTSE 100 index has edged 0.1% higher to 9,157.<\/p>\n The dollar has lost 0.4% against a basket of other major currencies.<\/p>\n US treasury secretary Scott Bessent<\/strong> increased the pressure on the Federal Reserve, America\u2019s central bank, calling for a half-point rate cut at its next meeting on 16-17 September.<\/p>\n Joshua Mahony<\/strong>, an analyst at Scope Markets, said<\/p>\n Yesterday\u2019s US inflation report provided a somewhat perverse situation where markets become increasingly confident in Fed easing despite a five-month high for the core consumer price index metric (3.1%). It is unlikely that we will see that core CPI figure get anywhere near the 2% Fed target this year, but markets are confident that the Fed will overlook the data to slash rates in the months to come.<\/p>\n Market pricing for a rate cut at each of the remaining three meetings of 2025 have tipped above the 50% mark, meaning that it is now the base case scenario that we see rates at least 75bp lower by year-end. No wonder markets are in buoyant mood, with a goldilocks scenario developing where the Fed will cut rates based on poor jobs data that could be lagging in nature given the trade uncertainty that has largely been clarified.<\/p>\n Donald Trump<\/strong> continues to wreak havoc on the status quo, with the president threatening to sue Jerome Powell<\/strong> as he pressures the chair to cut rates immediately. The ability to sue Powell remains questionable, but the fact is that the jobs report has at least provided the FOMC with a justification of drastic action should they need it. That could include a 50bp cut, or a cut prior to the September meeting.<\/p>\n Meanwhile, Trump\u2019s new Bureau of Labor Statistics chief has suggested shifting the monthly jobs report to a quarterly format in a bid to end the kind of huge data revisions seen of late. Nonetheless, this appears to be a case of Trump simply hiding the data that he does not like, providing the president with the ability to simply talk up the economy without the pesky facts. With the Fed having to take policy decisions based on the data, would the decision to remove one of the most important economic surveys mean that Fed decision-making becomes even more lagging in nature?<\/p>\n Share<\/p>\n Rolls-Royce<\/strong>\u2019s efforts to power artificial intelligence (AI) datacentres with its nuclear reactors could turn it into the UK\u2019s most valuable company, according to its boss.<\/p>\n The engineering firm recently reported a 50% rise in half-year profits of \u00a31.7bn as strong demand for its jet engines and power generators for AI data centres underpinned its turnaround efforts. This drove its share price to a record high of \u00a311.085, taking the company\u2019s market value above \u00a390bn for the first time. In October 2020, the first year of the Covid-19 pandemic, its share price fell below 40p.<\/p>\n Its power systems business had a significant increase in interest from datacentres, which the chief executive, Tufan Erginbilgi\u00e7<\/strong>, confirmed was linked to the AI boom. Orders for datacentres rose by 85% compared with last year. The company expects a 20% increase in datacentre orders every year to 2030.<\/p>\n Rolls-Royce has signed deals to supply small modular reactors (SMRs) to the UK and Czech governments to power AI-driven data centres. Use of AI has shot up in recent years across many sectors, but the technology uses a of energy.<\/p>\n This morning, Rolls-Royce chief executive Erginbilgi\u00e7 told the BBC it has the \u201cpotential\u201d to become the UK\u2019s biggest company on the back of its SMR deals, overtaking Shell<\/strong> and AstraZeneca<\/strong>. He said:<\/p>\n There is no private company in the world with the nuclear capability we have. If we are not market leader globally, we did something wrong.<\/p>\n Since he took the helm in January 2023, Rolls-Royce\u2019s share price has increased ten-fold. Today, the shares rose by almost 1% to \u00a311.01, valuing the firm at almost \u00a393bn. Shell is worth \u00a3155.7bn while AstraZeneca\u2019s market value is \u00a3175bn.<\/p>\n He has ruled out the idea of a New York share listing, as British chip designer Arm<\/strong> has done. Shell and AstraZeneca have also considered it in the pursuit of higher valuations.<\/p>\n Half of Rolls-Royce\u2019s shareholders and customers are US-based.<\/p>\n It\u2019s not in our plan. I don\u2019t agree with the idea you can only perform in the US. That\u2019s not true and hopefully we have demonstrated that.<\/p>\n <\/span>A digital visualisation of the small modular nuclear reactor (SMR) planned by Rolls-Royce.<\/span> Photograph: Rolls-Royce\/ReutersShare<\/p>\n Updated at\u00a005.22 EDT<\/p>\n Prof Costas Milas, of the University of Liverpool\u2019s Management School, points out that the US Federal Reserve does not target consumer price index inflation, which held steady at 2.7% in July, but inflation as measured by the personal consumption expenditures index (PCE).<\/strong><\/p>\n The next relevant PCE reading comes out of 29 August. The two measures are heavily correlated.<\/p>\n His own estimates (based on the co-movements of the two inflation measures) suggest that PCE inflation is likely<\/em> to drop to 2.3% in July (from 2.6% in June).<\/p>\n Then, the Fed might have difficulty rejecting a call for a cut by 50 basis points in the Fed Funds rate!<\/p>\n Share<\/p>\n Updated at\u00a007.54 EDT<\/p>\n The troubled Chinese property developer Evergrande<\/strong> said its Hong Kong shares will be delisted, marking the end of an era for the once biggest Chinese developer whose demise is now synonymous with the country\u2019s property bust.<\/p>\n The Guangzhou-based company said the Hong Kong stock exchange has decided to cancel its listing, according to a filing to the bourse on Tuesday. The shares will be removed on 25 August and the company will not apply for a review of the decision.<\/p>\n The property crisis dragged down China\u2019s economic growth. Evergrande\u2019s demise began with its first default on a dollar bond in December 2021. It was once the country\u2019s largest developer by sales, worth more than $50bn at its peak in 2017.<\/p>\n Since then, it has become the world\u2019s most indebted property developer, with more than $300bn in debts. It is one of dozens of Chinese companies that have collapsed since 2020 under official pressure to rein in excessive borrowing that the ruling Communist party views as a threat to the economy.<\/p>\n <\/span>A man walks past the entrance of the headquarters of China Evergrande Group in Hong Kong, in 2021.<\/span> Photograph: Vincent Yu\/AP<\/p>\n In a separate filing, court-appointed liquidators said Evergrande\u2019s debt load is far bigger than previously estimated, and any \u201cholistic\u201d restructuring is out of reach.<\/p>\n Evergrande shares were suspended from trading in late January last when it received a liquidation order from a Hong Kong court. Shareholders have seen the value of their investments plummet in recent years.<\/p>\n The shares last traded at less than 20 Hong Kong cents on 29 January, 2024, giving it a market value of HK$2.15 billion ($274m). Its founder Hui Ka Yan<\/strong> has a 60% stake.<\/p>\n Kristy Hung<\/strong>, a Bloomberg Intelligence analyst, said before the announcement:<\/p>\n Whether or not there\u2019s a delisting, Evergrande\u2019s shareholders will likely have to prepare for near-total loss.<\/p>\n The developer\u2019s liquidation and substantial claims from creditors who are ahead in the order suggests equity holders face material risk of getting nothing.<\/p>\n Share<\/p>\n Updated at\u00a005.15 EDT<\/p>\n Donald Trump has also been vocal, hitting out at Goldman Sachs CEO David Solomon, saying the bank had been wrong to predict tariffs would hurt the economy and questioning whether Solomon should lead the Wall Street institution.<\/strong><\/p>\n In a post on Truth Social, Trump said it was mostly foreign companies and governments absorbing the cost of his tariffs.<\/p>\n But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction…on both the Market repercussion and the Tariffs themselves.<\/p>\n Trump said Solomon should maybe focus on being a DJ, a hobby Solomon abandoned some time ago, \u201cand not bother running a major Financial Institution\u201d.<\/p>\n The bank CEO is the latest corporate boss to become the target of Trump\u2019s ire.<\/p>\n <\/span>David Solomon, CEO of Goldman Sachs, speaks during the Australian Financial Review Business Summit in Sydney, Australia, March 4, 2025. <\/span> Photograph: Christine Chen\/ReutersShare<\/p>\n Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.<\/strong><\/p>\n Global stocks rallied and US markets hit new all-time peaks after US inflation defied expectations of an uptick and stayed steady last month. The figure eased concerns that Donald Trump<\/strong>\u2019s tariff hikes would push up imported goods inflation.<\/p>\n US treasury secretary Scott Bessent<\/strong> is now calling for a half-point interest rate cut in September.<\/p>\n The inflation data was a mixed bag \u2013 headline inflation held at 2.7% but core inflation, which strips out energy and food, was higher than expected at 3.1%. Even so, investors\u2019 bets on a rate cut in September increased, as goods prices were more subdued while services inflation picked up.<\/p>\n Bessent said in an interview on Fox Business yesterday:<\/p>\n The real thing now to think about is should we get a 50 basis-point rate cut in September.<\/p>\n He said that two days after the US Federal Reserve left rates unchanged on 30 July, revised data showed weaker job growth for May and June than official figures had previously indicated, suggesting the Fed \u201ccould have been cutting in June, July\u201d.<\/p>\n \u201cCut that rate!\u201d summed up Ipek Ozkardeskaya<\/strong>, senior analyst at Swissquote Bank.<\/p>\n Yesterday, US inflation data was mixed, but the market reaction was not. <\/strong>Normally, core inflation is the measure the Federal Reserve (Fed) focuses on when deciding monetary policy. In that context, the market could have reacted by scaling back expectations of a September rate cut.<\/p>\n But no \u2014 investors instead increased September cut expectations, thinking that imported goods inflation remained lower than feared as companies continued to absorb tariff costs. As a result, the US 2-year yield fell after the data release, the probability of a September cut jumped to 94% from 80% beforehand, and the US dollar slipped back.<\/p>\n The dollar has slipped a further 0.1% against a basket of other major currencies.<\/p>\n Investors cheered the news, driving the S&P 500 and the tech-heavy Nasdaq to new all-time highs, up 1.1% and 1.4% respectively. Japan\u2019s Nikkei also closed at fresh record high, 1.3% higher on the day, while Hong Kong\u2019s Hang Seng jumped by 2.4%.<\/p>\n Inflation in Germany eased to 1.8% in July from 2% in June, the federal statistics office confirmed this morning.<\/p>\n The yield on 30-year German government bonds are down today, after hitting a 14-year high yesterday. Analysts pointed to Dutch pension reforms, which are expected to reduce demand for long-dated bonds, and expectations for a big increase in German government spending as the main reasons behind Tuesday\u2019s sell-off.<\/p>\n Markets are turning their attention to the summit in Alaska between Trump and Vladimir Putin<\/strong> on Friday to discuss ending Russia\u2019s war in Ukraine.<\/p>\n The Agenda<\/strong><\/p>\n 9am BST: IEA Oil market report<\/p>\n Share<\/p>\n Updated at\u00a003.22 EDT<\/p>\n","protected":false},"excerpt":{"rendered":" Bessent calls for series of rate cuts US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve\u2019s next meeting in September, and called for a series of rate cuts. His comments come after data showed inflation held steady at 2.7% in July. He said the central<\/p>\n","protected":false},"author":1,"featured_media":15517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[7885,303,680,304,4437,9080,419,519,582,2434,7884,2412,3111],"class_list":{"0":"post-15516","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bessent","9":"tag-business","10":"tag-calls","11":"tag-cut","12":"tag-fed","13":"tag-halfpoint","14":"tag-happened","15":"tag-interest","16":"tag-meeting","17":"tag-rate","18":"tag-scott","19":"tag-secretary","20":"tag-treasury"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/15516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15516"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/15516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/15517"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bessent floats rolling out export tax on chipmakers to other industries<\/h2>\n
Bessent calls for series of rate cuts<\/h2>\n
Assura to be taken over by PHP<\/h2>\n
Sterling hits three-week high vs dollar on rate outlook<\/h2>\n
IEA: Global oil supply to rise faster than expected<\/h2>\n
PwC tracks UK office attendance with \u2018traffic light\u2019 dashboard<\/h2>\n
Chinese firm a leading contender to buy Thames Water, reports say<\/h2>\n
Fake Labubu doll warning<\/h2>\n
Treasury targeting inheritance tax reforms to help plug UK deficit \u2013 Guardian exclusive<\/h2>\n
World share index hits record on US rate cut hopes<\/h2>\n
AI can make Rolls-Royce UK’s biggest firm, CEO says<\/h2>\n
Evergrande shares to be delisted, marking end of era<\/h2>\n
Introduction: US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting<\/h2>\n