BOE Set To Hold Rates, US Court Questions Tariffs, EU Rethinks ESG Rules
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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The Bank of England will likely keep interest rates unchanged today at 4% in what is expected to be a closely contested decision.
(2) The UK's biggest business lobby has warned Rachel Reeves against hitting companies with a series of smaller tax rises, saying she should "prioritize long-term prosperity over short-term thinking."
(3) The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he had overstepped his authority with his signature economic policy.
(4) European economy commissioner Valdis Dombrovskis has signalled that the EU is willing to accommodate international concerns about its ESG rules, as the bloc fields threats from the US and Qatar.
(5) Nvidia's CEO Jensen Huang has warned that China will beat the US in the artificial intelligence race in part due to lower energy costs and looser regulations, he told the Financial Times.
(6) The US plans to cut domestic flight capacity by 10% at 40 major airports across the country if the government shutdown continues.
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