13 h. ago Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump

Eleven central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell

Politics

13 h. ago Central bank chiefs ‘stand in full solidarity’ with Jay Powell

Governors from 11 institutions issue statement of support for embattled Fed chair

Politics

13 h. ago Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats

Nine governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is criticalBusiness live – latest updatesGlobal central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federal Reserve chair, Jerome Powell, in the face of the latest threat to his independence from Donald Trump’s White House.“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,” the statement said. Continue reading...

Politics

13 h. ago Global central banks show ‘full solidarity’ to US Fed chairman after threats

Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support.

Politics

9 d. ago From the AI bubble to Fed fears: the global economic outlook for 2026

Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US central bank.Wall Street strategists broadly expect the S&P 500 share index of US-listed companies to continue to rise over the next 12 months, but said it could be a volatile year if geopolitical tensions increase and inflation fails to fall. Continue reading...

Economics

2 w. ago Trump says he is considering a ‘gross incompetence lawsuit’ against Fed chairman over building renovation

President threatened to allow ‘a major lawsuit against Powell to proceed’ earlier this year

Politics

2 w. ago From Central Cee to Adolescence: in 2025 British culture had a global moment – but can it last?

Despite funding cuts and shuttered venues, homegrown music, TV, film and, yes, memes have dominated the global zeitgeist over the past 12 years. Now this culture must be future-proofed from the forces of globalisationOn the face of it, British culture looks doomed. Our music industry is now borderline untenable, with grassroots venues shuttering at speed (125 in 2023 alone) and artists unable to afford to play the few that are left; touring has become a loss leader that even established acts must subsidise with other work. Meanwhile, streaming has gutted the value of recorded music, leading to industry contraction at the highest level: earlier this year the UK divisions of Warners and Atlantic – two of our biggest record labels – were effectively subsumed into the US business.In comedy, the Edinburgh fringe – the crucible of modern British standup, sketch and sitcom – is in existential crisis thanks to a dearth of sponsorship and prohibitively high costs for performers. Our film ind...

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