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With the Conservative party locked in a stand-off with the bond market, Liz Truss’s political capital is crumbling
Plus, UK pensions, Hong Kong stocks, CEO narcissism, UK shares
UK currency remains about 9% lower for the past three months
Currency has fallen back towards 24-year lows despite country’s intervention
The chancellor broke a cardinal rule at times of market stress — he must now come up with stabilising fiscal policies
Plus, US burrito chain Chipotle gets on the Ethereum ‘Merge’ bandwagon
Fallout from the UK’s ‘mini’ Budget widens from property and mortgages to pensions and investments
The funds would have been linked to the price of non-US companies such as Saudi Aramco and Alibaba
Passengers could bear the brunt of rises through higher ticket prices
Regulators seek to allow more renminbi weakness but avoid runaway depreciation
Drops follow broad rally in asset prices after Bank of England took action to calm the gilt market
Sterling is under pressure, but rates are rising and the fiscal burden is soaring elsewhere
Master troll, or pot calling kettle black?
The UK market panic reveals more about challenges to monetary than fiscal policy
Finance ministry says plan to slash pound is dependent on adoption of long-delayed recovery plan
The dollar is blowing everything to smithereens
What the government and Bank of England need to do now before the situation gets even more problematic
Turmoil will translate into real pain for many businesses, homeowners and anyone on a tight budget
People’s Bank of China stops short of deploying significant foreign exchange reserves
Our two cents (/pence)
Debt yields rise from US to Germany and the S&P 500 hits its lowest level since November 2020
Chancellor tells top bankers he is ‘confident’ his strategy will work and remains committed to bringing down debt
Greenback’s gain is a pain for US companies that derive their sales overseas
Billionaire Sam Bankman-Fried expands crypto market influence with deal for bankrupt Canadian digital assets lender
Bigger than expected move comes after naira hits fresh low against the dollar
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