Latest news with #FinancialTimes
BBC News
an hour ago
- Politics
- BBC News
Badenoch: Tories must 'offer hope' unlike Reform
Conservative Party leader Kemi Badenoch has said the Tories must not become a "repository of disenchantment", but instead be about "offering hope".The Tories must position themselves as the party that can "fix problems", even as Reform UK, currently leading the Conservatives in many polls, was "stealing everyone's oxygen", Badenoch said in an interview with the Financial also said that Argentine President Javier Milei, known for lowering his country's stubborn inflation and ruthless cost-cutting, was the "template" for her to a question about whether the UK needed a version of Milei, and whether she was a politician like him, she said: "Yes and yes." Badenoch's interview with the Financial Times interview comes after she reshuffled her shadow cabinet this week, just eight months into her leadership of the that time, the Conservatives have regularly polled third or fourth - behind Reform UK and Labour, and sometimes the Liberal Democrats - and suffered heavy defeats in local elections in concerns over her command of the party, Badenoch pushed aside concerns that her leadership was under threat in the interview with the FT."I can't spend all my time worrying about regicide. I would lose my mind," she said. "I'm so thick-skinned to the point where I don't even notice if people are trying to create harm. That's extremely useful in this job."In her reshuffle, former Home Secretary James Cleverly was brought back to the front bench, with Badenoch saying that she wanted to "make sure all our heavy hitters" are has been a backbench MP since being knocked out of the Conservative Party leadership contest that Badenoch won. He has warned against the party copying Reform UK policies, urging the Tories to be "more normal".Last month, Badenoch told the BBC that she was "going to get better" as party leader, adding: "You don't want people to be the very best they're going to be on day one."Badenoch cited Milei as her inspiration because she was concerned by the sight of the state "spreading its tentacles everwhere". Milei captured international attention when he won Argentina's October 2023 presidential election, during which he often brandished a chainsaw as a symbol for his plan to slash government 2024, Argentina registered its first budget surplus in more than a decade.. And last month, the country's monthly inflation rate dropped to 1.5%, the lowest it has been in more than five said that she was being "very, very relentless" in pursuing the economy, adding that she was "terrified" by levels of government debt and that she was opposed to Labour's tax rises."Wealth is being driven out of the country" by higher taxes, she said, adding: "More young people are leaving as well."
Yahoo
2 hours ago
- Business
- Yahoo
Goldman to forgo second round of job cuts as outlook improves, FT reports
(Reuters) -Goldman Sachs has decided not to go ahead with a second round of broad performance-based job cuts this year after a better than expected recovery in investment banking, Financial Times reported on Thursday. Reuters could not immediately confirm the report. Goldman did not immediately respond to a Reuters' request for comment outside regular business hours.
Reuters
2 hours ago
- Business
- Reuters
Goldman to forgo second round of job cuts as outlook improves, FT reports
July 24 (Reuters) - Goldman Sachs (GS.N), opens new tab has decided not to go ahead with a second round of broad performance-based job cuts this year after a better than expected recovery in investment banking, Financial Times reported on Thursday. Reuters could not immediately confirm the report. Goldman did not immediately respond to a Reuters' request for comment outside regular business hours.
Business Times
2 hours ago
- Business
- Business Times
Asia: Markets extend gains on US trade deal hopes
[HONG KONG] Asian markets extended the week's gains on Thursday on optimism other countries will follow up Japan's US trade deal with ones of their own, with speculation building that the European Union is on course. Investors have been on a roll in recent weeks on bets that governments will eventually hammer out pacts with Donald Trump ahead of the US president's Aug 1 deadline. The mood has been upbeat since news that Japan had reached a deal to lower sweeping tariffs from 25 per cent to 15 per cent, including those on the country's crucial car sector. The breakthrough fanned hopes that others were in the pipeline. However, there is talk that the European Union is edging towards an agreement. Reports say Brussels could get something similar to Japan, with tariffs cut to 15 per cent - from the threatened 30 per cent. The Financial Times said the two would waive tariffs on some products, including aircraft, spirits and medical devices. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up That came after US Treasury Secretary Scott Bessent said negotiations were making progress, with talks planned later in the day between the bloc's top trade negotiator and his American counterpart. Analysts said a deal with Washington's biggest trading entity would provide a massive boost to equities However, failure to reach a deal, triggering Trump's 30 per cent levies on Aug 1, could cause havoc on markets, analysts warned. France has been loudest in insisting Brussels must show it is willing to deploy its trade weapon, known as the anti-coercion instrument - allowing officials to take measures such as import and export restrictions on goods and services. Neil Wilson at Saxo Markets warned that would end up 'effectively killing trade between the two... the nuclear option is on the table it seems, but for the moment expectation seems to be veering towards a deal'. After another record day for the S&P 500 and Nasdaq on Wall Street, Asia picked up the baton and ran. Tokyo piled on two per cent, having jumped more than three per cent on Wednesday on the trade deal, while Hong Kong continued its standout year with another advance. Shanghai, Seoul, Singapore, Wellington, Taipei and Manila also rose. Traders are also keeping an eye on developments in Tokyo after Japanese Prime Minister Shigeru Ishiba denied discussing his resignation with party elders on Wednesday, as speculation about his future intensified following a weekend election debacle. Despite the saga, the yen extended its gains, briefly hitting 145.86 per dollar as the trade deal allows investors to turn their attention to the Bank of Japan's policy meeting next week hoping for guidance on its next interest rate hike. The unit had been sitting around 147.90 before the deal. Bank officials have held off rocking the boat on the issue amid tariff uncertainty, but observers say the agreement can allow them to reconsider lifting in October. AFP
The Star
3 hours ago
- Business
- The Star
Asian markets extend gains on US trade deal hopes
HONG KONG: Asian markets extended the week's gains Thursday (July 24) on optimism other countries will follow up Japan's US trade deal with ones of their own, with speculation building that the European Union is on course. Investors have been on a roll in recent weeks on bets that governments will eventually hammer out pacts with Donald Trump ahead of the US president's Aug 1 deadline. The mood has been upbeat since news that Japan had reached a deal to lower sweeping tariffs from 25 per cent to 15 per cent, including those on the country's crucial car sector. The breakthrough fanned hopes that others were in the pipeline. However, there is talk that the European Union is edging towards an agreement. Reports say Brussels could get something similar to Japan, with tariffs cut to 15 per cent -- from the threatened 30 per cent. The Financial Times said the two would waive tariffs on some products, including aircraft, spirits and medical devices. That came after US Treasury Secretary Scott Bessent said negotiations were making progress, with talks planned later in the day between the bloc's top trade negotiator and his American counterpart. Analysts said a deal with Washington's biggest trading entity would provide a massive boost to equities However, failure to reach a deal, triggering Trump's 30 per cent levies on Aug 1, could cause havoc on markets, analysts warned. France has been loudest in insisting Brussels must show it is willing to deploy its trade weapon, known as the anti-coercion instrument -- allowing officials to take measures such as import and export restrictions on goods and services. Neil Wilson at Saxo Markets warned that would end up "effectively killing trade between the two... the nuclear option is on the table it seems, but for the moment expectation seems to be veering towards a deal". After another record day for the S&P 500 and Nasdaq on Wall Street, Asia picked up the baton and ran. Tokyo piled on two per cent, having jumped more than three per cent Wednesday on the trade deal, while Hong Kong continued its standout year with another advance. Shanghai, Seoul, Singapore, Wellington, Taipei and Manila also rose. Traders are also keeping an eye on developments in Tokyo after Japanese Prime Minister Shigeru Ishiba denied discussing his resignation with party elders on Wednesday, as speculation about his future intensified following a weekend election debacle. Despite the saga, the yen extended its gains, briefly hitting 145.86 per dollar as the trade deal allows investors to turn their attention to the Bank of Japan's policy meeting next week hoping for guidance on its next interest rate hike. The unit had been sitting around 147.90 before the deal. Bank officials have held off rocking the boat on the issue amid tariff uncertainty, but observers say the agreement can allow them to reconsider lifting in October. - AFP
