Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…

As electric cars go mainstream, it’s vying for market share in home chargers

As electric cars go mainstream, it’s vying for market share in home chargers

BEDFORD, England, July 20 (Reuters) – As electric vehicles (EVs) take off, the battle for market share among start-ups selling home chargers is heating up, fueling more deals in the industry as tens of millions of units are installed worldwide . over the next decade. According to a Reuters analysis, more than 100 companies in…

Britain begins post-Brexit ‘transformation’ of finance

Britain begins post-Brexit ‘transformation’ of finance

The UK is trying to preserve London’s financial situation after Brexit Regulators to focus on competitiveness, not just on stability Capital rules for insurance companies should be relaxed to encourage investment Zahawi suspends plan for more government oversight of regulators LONDON, July 19 (Reuters) – Britain’s financial regulators will need to support the global competitiveness…