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The accord, announced on Monday by officials from the Trump and Starmer administrations, aims to ‘address long-standing imbalances in US-UK pharmaceutical trade.’
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Rolling coverage of the latest economic and financial news, as the Bank of England releases its Financial Stability Report The Bank of England has also produced a neat chart to show how AI stocks have driven the high valuation and growth of the US stock market, as investors have piled in on the expectation of high future earnings growth. It shows the year-to-date price change of S&P 500 stocks (y-axis), and the next 12 month price-to-earnings ratio for each stock (x-axis). The share prices of many AI companies are partly underpinned by high expected future earnings growth over several…
Nine-country poll finds half of people believe risk of war with Russia is high and three-quarters want to stay in EU Nearly half of Europeans see Donald Trump as “an enemy of Europe”, rather more rate the risk of war with Russia as high and more than two-thirds believe their country would not be able to defend itself in the event of such a war, a survey has found. The nine-country poll for the Paris-based European affairs debate platform Le Grand Continent also found that nearly three-quarters of respondents wanted their country to stay in the EU, with almost…
US House and Senate lawmakers to meet with top admiral on Thursday about double strike on boats from Venezuela As the Trump administration continues military strikes on alleged drug-trafficking boats in the Caribbean, several Republican lawmakers are ramping up scrutiny on the administration over a double strike in early September. The strikes on suspected drug boats from Venezuela have drawn pushback from both parties – in particular, the second strike on a single boat to kill remaining survivors. The Washington Post reported that the order for a second strike came from defense secretary Pete Hegseth, which Hegseth has denied.…