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Mortgage holders’ confidence has plummeted to its lowest level since 1994, driven by cost-of-living pressures and economic uncertainty, though financial markets are pricing in potential rate cuts next year.
Young people in Britain are disproportionately affected by a slowing labor market as employers freeze hiring due to Middle East conflict uncertainties, according to Bank of England deputy governor Clare Lombardelli.
Europe’s manufacturers could abandon efforts to compete with Chinese counterparts by 2030, warns EU Chamber of Commerce chief, citing mass job losses and economic concerns.
David Jones’s administrators revealed financial reviews occurred months before the retailer entered administration, raising questions about the company’s continued purchasing and delayed supplier payments during the interim period.
Democrats won control of Congress partly due to voter anger over fuel prices driven by the Iran war, but experts say lower gas and diesel prices are unlikely soon despite the party’s new power.
As costs rise, Americans increasingly turn to libraries for books, streaming services, and other resources, with major library systems reporting significant growth in membership and usage.
