In 2024-25, UK pension savers withdrew a record £70 billion from their retirement pots, a 36% increase from the previous year. This surge was driven by fears of potential cuts to the tax-free lump sum allowance, which currently stands at £268,275. However, recent developments have raised concerns for those who repaid their lump sum withdrawals….
The Yuan is moving up the leaderboard of global currencies. Recent data show its share of foreign exchange turnover has jumped. That rise puts the yuan within striking distance of the British pound as the fourth most used currency in trade and finance. Markets, policymakers, and traders are taking notice. Yuan Gains Momentum in Global…
Discover the impact of the significant cyberattack on Asahi Group, disrupting operations across Asia. Learn about the financial and reputational risks
In September 2025, UK house prices experienced a 0.5% increase, surpassing expectations and signaling a rebound from the previous month’s decline. This uptick brings the average home price to £271,995, according to Nationwide Building Society. The resilience of the housing market is attributed to several factors, including a robust employment sector, stable mortgage rates, and…
In July 2025, the UK experienced its hottest summer in decades, with temperatures soaring above 40°C in some regions. This extreme heatwave significantly impacted consumer behavior, leading to a noticeable decline in foot traffic across various retail sectors. Among the businesses affected was Greggs, the UK’s leading bakery chain. Known for its hot pastries and…
Discover how rising Canadian mortgage rates in 2025 are driving a surge in refinancing and affecting the housing market. Learn about recent trends and
The tech and music world has been shaken by the sudden resignation of Spotify CEO Daniel Ek. His decision comes after weeks of growing criticism over the company’s ties to controversial war technology investments. This move marks the end of an era for Spotify and opens a new chapter for the global streaming giant. Investors,…
BHP shares rise on the ASX following updated production guidance. Explore the impacts on the BHP ASX share price and future prospects.
Australia’s iron ore trade is back in the spotlight. On September 30, 2025, reports from China hinted at possible changes in its iron ore import plans. For us, this matters a lot. Why? Because iron ore is not just another export. It is Australia’s single biggest money earner, and China is the top buyer. BHP,…
Alphabet is riding a wave of excitement. The parent company of Google just posted its largest quarterly gain since 2005, thanks to the strength of its AI strategy. Shares of both Class A and Class C stock jumped about 38 percent in the quarter. The rally signals that markets are now treating Alphabet’s AI as…