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UK Chancellor John Healey expressed optimism about the economy turning a corner, but his remarks came as Jaguar Land Rover announced 4,000 job cuts and borrowing costs reached 18-year highs.
China is injecting 360 billion yuan ($53.6 billion) into eight state-owned banks and insurance companies to strengthen its financial system and support its slowing economy.
Spire Healthcare, Britain’s largest private hospital operator, has agreed to a £1bn takeover by Toscafund Asset Management in a 250p-per-share deal.
Bond markets are experiencing widespread volatility as countries face multi-decade high interest rates, driven by Middle East tensions, major tech company borrowing for AI infrastructure, and questions about government fiscal credibility.
Ford’s Super Duty truck production reached a 20-year high in August as supply chain recovery progresses following supplier fires that disrupted output over the past year.
Over 600 UK employers, including B&Q and Five Guys, were named for underpaying staff below minimum wage requirements, with £4m returned to workers and £7m in penalties issued.
