Focused web search for economics

9+ hour, 40+ min ago (1217+ words) JP Morgan and Goldman Sachs to expand UK presence after sector was spared from higher taxes in budget Over canap's of beef and stilton pie, bone marrow gravy and mushy peas, the financiers at JP Morgan's New York headquarters held their champagne flutes aloft for a toast: "His majesty the king. Just days before Rachel Reeves's budget " amid the chancellor's efforts to soothe business fears and bond market jitters " Jamie Dimon, the Wall Street banking company's boss was hosting a birthday celebration for King Charles at it's new $3bn (2.3bn) Manhattan headquarters. Despite the union jack emblazoned on the skyscraper, the king was not there. Varun Chandra, the prime minister's envoy, however, was among the 400 guests. Dispatched, according to the Financial Times, to reassure the JP Morgan boss of Labour's pro-business stance. This week " hours after banks were spared a tax rise…...

10+ hour, 26+ min ago (220+ words) Let's set the record straight on the cause of our economic woes and inability to control immigration, writes Robert Gildea. Plus a letter from Rachel Foggitt A public inquiry on the management of Brexit would set the record straight, and maybe the BBC could run an impartial series for the 10th anniversary of the vote, making it easier for the government to show the courage and leadership to take us back into the EU.Robert GildeaProfessor emeritus of modern history, University of Oxford Jonathan Freedland is right to point the finger at Brexit as the cause of much of our current economic difficulties, and has some'good suggestions for addressing this. However, I disagree with his assertion that we don't have the money to fund our ailing public services. As the sixth-richest country in the world we absolutely do have the money....

10+ hour, 30+ min ago (512+ words) Tourists watch a rainbow at the Grand Canyon near Mather Point on Oct. 9, 2025. (Thomas Frey/picture alliance via Getty Images) Th'r'se Boudreaux is a reporter covering the federal government for The Center Square, with a focus on Congress. THE CENTER SQUARE'The Donald Trump administration announced it is raising prices for nonresidents visiting national parks, a move that worries some tourism advocates but could generate hundreds of millions in extra revenue each year. Beginning Jan. 1, international tourists without an annual pass will have to pay a $100 surcharge to enter the 11 most visited national parks, on top of the parks" standard entrance fees. The annual pass will cost foreign visitors $250, rather than the current $80 price that will stay the same for U.S. residents. The extra revenue will directly go towards park maintenance and repairs. The U.S. National Park Service estimates that the park system…...

10+ hour, 39+ min ago (553+ words) Economists warned it was a mathematical boost from falling imports and the Canadian economy remains "fragile. Canadas economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data shows, even as business investments and household consumption disappointed due to the lingering uncertainty over United States tariffs. Third-quarter annualised gross domestic product (GDP) grew 2.6 percent, Statistics Canada said on Friday, escaping what could have been a technical recession after a contraction in the previous quarter of a downwardly revised 1.8 percent. The data strengthened economists view that the Bank of Canada will not cut interest rates on December 10. The quarterly GDP reading is calculated based on income and expenditure, unlike the monthly GDP, which is derived from industrial output. The statistics agency said the third-quarter number could be subjected…...

13+ hour, 51+ min ago (548+ words) Clarification creates prospect of two-tier system for retirees solely on new state pension and those on private schemes People who rely only on their state pension for their income will not have to pay tax on it, the chancellor, Rachel Reeves, has said, creating the prospect of a two-tier system for those in retirement. The new state pension is set to rise to "241.30 a week next April, putting the annual income for someone receiving the standard payment at "12,547 " just below the personal tax allowance of "12,570 a year. The freezing of tax thresholds means that if the state pension rises by just 2.5%, from April 2027 it will fall above the threshold and someone receiving it will face paying tax on "292 of their payments " a bill of "58. Wednesday's budget document included a commitment to "ease the administrative burden for pensioners whose sole income…...

18+ hour, 47+ min ago (505+ words) Navitas Semiconductor (NVTS) is moving forward after unveiling new partnerships with GlobalFoundries and WT Microelectronics. Both partnerships are designed to strengthen its supply chain for gallium nitride power devices in key growth markets such as AI data centers and energy infrastructure. See our latest analysis for Navitas Semiconductor. Navitas Semiconductor's share price has seen impressive swings lately, rebounding 10% in the last week and boasting a 42% gain over the past quarter, even after last month's sharp pullback. Momentum is clearly building, with a standout 203% total shareholder return over the past year as markets anticipate benefits from its supply chain partnerships and capital raise. If you're wondering what other tech-driven success stories might be emerging, it's a great time to check out See the full list for free. With investor enthusiasm fueled by strategic moves and capital raises, the key question remains:…...

19+ hour, 33+ min ago (272+ words) KINGSTON, Jamaica "The University of the West Indies (UWI) has elevated five of its lecturers across campuses to the rank of professor, including Jamaica's Andre Haughton. In a statement on Friday, the UWI said the noteworthy recognition not only reflects their scholarly excellence but also underscores their significant contributions to various fields, including economics, biochemistry, power systems, mathematics, and applied computational science. "The newly appointed professors are renowned in their respective disciplines and have made important strides in understanding critical Caribbean issues, ranging from macroeconomic theory to women's health and agricultural resilience," the university said. The new professors are as follows: Professor Angela T Alleyne " Professor of Genomic Plant Pathology; Professor Mahalia Jackman " Professor of Economics and Inclusive Development Professor Andre Haughton " Professor of Applied Macroeconomics Professor Arvind Singh " Professor of Intelligent Energy Systems and Sustainability; Professor Sreedhara Rao Gunakala…...

19+ hour, 34+ min ago (758+ words) Official forecaster's chair says chancellor knew about revised predictions well before her budget change of heart The Office for Budget Responsibility (OBR) has cast doubt on claims Rachel Reeves dropped plans to raise income tax in this week's budget because of rosier forecasts, pointing out she knew about these well before the change of heart. In a move likely to exacerbate tensions with the Treasury, the OBR chair, Richard Hughes, has taken what he acknowledged was the "unusual step" of writing to the Treasury select committee to explain how its forecast evolved, "given the circumstances in this case". Reeves's budget was preceded by a flurry of speculation and briefing, even before the OBR accidentally made its documents available online earlier than intended on Wednesday. The chancellor herself took the rare step of delivering an early morning "scene setter" speech, on…...