Stagflation is ruining Takaichi's honeymoon

Court papers show the island cautiously welcomed the oligarch – with London’s approval – before Russia’s invasion of Ukraine For decades the Channel Islands tax haven of Jersey has played a big role in moving fortunes made in some of the world’s most despotic countries into the west, attracting overseas oligarchs with a mix of low tax and high levels of financial secrecy. It is a secrecy that extends to Jersey’s relationship with the UK government. As a crown dependency, Jersey has its own parliament, but belongs to the king. The relationship between the two jurisdictions remains something of…

Amid a blackout of data due to the government shutdown, the $5tn chipmaker’s report took on wider significance Markets expectations around Wednesday’s quarterly earnings report by the most valuable publicly traded company in the world had risen to a fever pitch. Anxiety over billions in investment in artificial intelligence pervaded, in part because the US has been starved of reliable economic data by the recent government shutdown. Investors hoped that both questions would be in part answered by Nvidia’s earnings and by a jobs report due on Thursday morning. Continue reading… Source link

Supermarket still losing market share despite effort under Allan Leighton to win over customers with price cuts Asda is selling off 24 stores and a distribution centre – and leasing them back – to raise £568m in what has been called a “sign of weakness” as sales at the heavily indebted retailer continue to fall. The Leeds-based supermarket group, which is expected to release its quarterly results next week, has continued to lose market share to rivals as sales have gone backwards, despite an effort to win over shoppers with price cuts and improved stores. Continue reading… Source link