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By Marc Jones LONDON (Reuters) – Staff at central bank umbrella group, the Bank for International Settlements, have warned of a global bout of stagflation if trade tariffs promised by soon-to-be-U.S. President Donald Trump continue to drive up the dollar. Stagflation – the combination of strong inflation and weak economic growth is viewed as Kryptonite … Read more

Rachel Reeves has urged regulators to “tear down” red tape in a bid for stronger economic growth. The under-pressure Chancellor and the Business Secretary met with bosses of watchdogs covering the railways, water, energy, and aviation sectors on Thursday. She told the bosses that they must “tear down regulatory barriers” in an effort to support … Read more

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The … Read more

NEW YORK (Reuters) – The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday. WHY IT’S IMPORTANT Fire investigators have not released a cause for … Read more

(Bloomberg) — The latest US sanctions on oil tankers used to haul Russian petroleum look set to cause severe disruption across the nation’s export machine, with some of Moscow’s flows at risk of a near wipeout if history is any guide. Most Read from Bloomberg An analysis of the ships targeted by Washington suggests that … Read more

By Siddarth S (Reuters) – J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic growth in 2025-2026 as technology companies race to benefit from the artificial intelligence boom. Investments in data centers, which help provide computing power for AI, have surged since OpenAI launched ChatGPT in 2022, as companies … Read more

Improbable … Like a Dragon: Pirate Yakuza in Hawaii protagonist Goro Majima uses a magic violin to summon giant sharks.Photograph: Sega In May last year, an anonymous forum poster shared details of what they claimed would be the next game in the Like a Dragon series, the Japanese gangster drama with a unique spirit of … Read more