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The Latest Breaking News from ING

Asian Markets Drop As Trades Fret Over US Inflation, Rates Outlook

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump's second presidency looms.

International Business Times

Economists warn Labour will cut spending as borrowing costs rise

The Chancellor could be forced into further tax hikes or cuts to spending plans to meet UK fiscal rules after a jump in…

The National (Scotland)

Reeves may need to cut spending after jump in borrowing costs, say economists

The yield on government bonds jumped to its highest level since 2008 as the pound also tumbled in value.

Evening Standard

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UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened

Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax rises

The Guardian - UK

Global markets tipped to keep rising in 2025 despite trade war fears

A trade war started by Donald Trump is seen as the biggest risk to market stability next year

The Guardian - UK

Equity Markets Struggle After More Weak China Data

The tepid start came on the year's last full week of trading, with the focus on key monetary policy decisions by the US Federal Reserve and the Bank of Japan.

Latin Times

European Central Bank likely to cut rates while weighing US trade concerns and France's chaos

The European Central Bank is releasing its its decision on interest rates and a rate cut is a foregone conclusion

The Independent UK

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Amid Weak Eurozone And Political Turmoil, ECB To Cut Rates Again

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

International Business Times

China's Xi Warns 'No Winners' In Trade War With US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

International Business Times

Clive Myrie apologises for failing to declare at least £145,000 in outside earnings

BBC presenter will stop doing paid external events for ‘foreseeable future’ after updating register of earnings

The Guardian - UK

What’s fair in the fight to keep bank branches open and access to cash alive?

On Tuesday, Commonwealth Bank announced it was planning to move customers using one of its legacy accounts to its newer “Smart Access” account.

The Conversation

Poland's GDP Set for Growth in 2025 as EU's Fastest Economy

Poland’s GDP is set to expand further in 2025, cementing its position as the European Union’s (EU) fastest-growing economy.

Benzinga

France Risks Fresh Political Crisis In No-confidence Vote

France on Tuesday braced for new political turmoil as opposition lawmakers prepared to back a no-confidence motion this week that risks toppling the government of Prime Minister Michel Barnier after just three months in office.

International Business Times

Three Options for Retirees with an Old (Forgotten) Annuity

Did you buy an annuity in the 2000s? If it’s been out of sight and out of mind since then, it's time to dust it off and start making it pay for your retirement.

Kiplinger

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Fortune

German Fortune 500 companies announced over 60,000 layoffs this year

German giants including Bosch, Thyssenkrupp, and Deutsche Bahn have axed thousands of jobs this year.

Kiplinger

Three Ways to Help Your Adult Children Without Spoiling Them

Retired and lucky enough to have extra money? Consider these three positive and practical ways to help out your adult kids financially.

International Business Times

'Retaliate': Trump Tariff Talk Spurs Global Jitters, Preparations

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

Fortune

Trump's victory could make life harder for Hong Kong—and that may be good news for Singapore's banks

Banks like Singapore's OCBC are poised to gain from Chinese investment into Southeast Asia—now potentially supercharged by a new Trump trade war.

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news in one place.

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The Guardian - US

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

The Guardian - UK

Trump’s talk of tariffs raises fears of hit to economies worldwide

Tariffs on Mexican, Canadian and Chinese goods threaten not just those nations but global economic growth

The Independent UK

Trump threatens China, Mexico and Canada with new tariffs. But what does this actually mean for Americans’ pockets?

On the campaign trail, Trump claimed to his supporters that tariffs are ‘not going to be a cost to you, it’s a cost to another country.’ Economists warn this isn’t the case

Kiplinger

The Three Financial Questions Every Retiree Asks (or Should)

Unless you can answer these three important questions, you may be at risk for the biggest retirement worry there is: Running out of money.

International Business Times

German GDP Downgraded In New Blow For Struggling Economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

The Independent UK

Why has inflation increased and what does it mean for households?

Inflation lifted to its highest level since April last month, according to official data.

Evening Standard

Global stocks weaken amid ‘lacklustre’ UK economic growth data

London’s FTSE 100 struggled to maintain gains from earlier in the day and closed 7.58 points lower, or 0.09%, at 8,063.61.

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