Economists have warned that tax hikes are “likely” later this year due to narrow headroom in the public finances in order to meet fiscal rules. It came as the Government’s official forecaster cautioned that there was a “significant risk” around whether the Chancellor will achieve her predicted £9.9 billion buffer in the public finances by 2029-30. The Office for Budget Responsibility (OBR) said there is only a 54% chance Rachel Reeves would meet her self-imposed rule. Ms Reeves told Parliament on Wednesday that around £14 billion of policy measures, including a series of spending cuts, were needed to balance day-to-day…
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Could the crypto revolution’s legacy extend beyond democratizing money? Today, it’s paving the way to reinvent private credit. Envision a future where lending to mid-sized businesses or financing infrastructure projects mirrors the efficiency and openness of a decentralized exchange. That’s the aim of tokenization, a blockchain-powered innovation breaking down decades-old barriers in a $1.7 trillion (and growing) private credit market.Private credit 101: the invisible engine of global financePrivate credit is an integral element of non-bank lending in which institutional players like hedge funds, private equity firms and specialized lenders provide loans directly to businesses. These aren’t your typical bank loans…
Most U.S. voters support ending the kind of low-level traffic stops that are most likely to harm Black and brown road users without making streets meaningfully safer, a new survey suggests — evidence that communities could strike those laws from the books and redirect resources to stopping much deadlier roadway crimes.A whopping 59 percent of registered voters say they either strongly or somewhat support “a law eliminating non-safety-related traffic stops,while keeping traffic stops for serious safety risks such as reckless driving or excessive speeding,” according to a YouGov survey commissioned by Vera Action, the advocacy arm of the Vera Institute…
Round Top deposit in Texas. Image: USA Rare Earth. USA Rare Earth (USARE) went public on Friday, marking its debut on the Nasdaq under the ticker ‘USAR’ as chief executive Joshua Ballard and chairman Mike Blitzer rang the opening bell. The company spent several years privately working to tap the Round Top are earth deposit in west Texas, with ambitious plans to create a domestic supply chain. USARE controls the mining rights to Round Top, which it says contains 15 of the 17 rare earth elements, with a significant endowment of heavy rare earths dysprosium, terbium, gallium and beryllium. In…
Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signaling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire’s short-lived bid in 2018 to take the company private.Tesla sells in other Middle Eastern countries, but not in Saudi Arabia, the Gulf region’s largest market, where EVs only account for 1% of total car sales. The brand has had considerable success in neighboring United Arab Emirates, where most ride-hailing apps offer electric vehicles.The dispute started when Musk tweeted in 2018 he had “funding secured” to take Tesla private after a meeting with Saudi…
The European Commission is telling EU member states to boost support for the steel and metals industry by using all available state aid and energy regulation tools to cut costs for energy-intensive sectors — including reducing energy taxes to zero. In a non-binding action plan presented on Wednesday, the commission outlined its priorities: securing… Source link
Author: Lin Bo-yu Regulation March 27, 2025 Thailand’s SEC proposes regulatory amendments to boost carbon credit market. (Photo:iStock) To stimulate its carbon trading market, the Thai government is revising regulations to relax cryptocurrency oversight. The proposed changes would allow the tokenization of carbon credits, carbon allowances, and renewable energy certificates using blockchain technology. This move is expected to attract digital asset managers, brokerage firms, and traders to the market, reinforcing Thailand’s ambition to become a carbon trading hub. New rules encourage crypto players to enter carbon market Thai Securities and Exchange Commission (SEC) revised its utility token framework in August last year, excluding consumer…
Insiders appear to have a vested interest in First Guaranty Bancshares’ growth, as seen by their sizeable ownership A total of 4 investors have a majority stake in the company with 50% ownership Using data from company’s past performance alongside ownership research, one can better assess the future performance of a company This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 44% to…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Nasdaq slumps 2%, tariff fears intensify It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday as investors braced for U.S. President Donald Trump’s latest announcement on auto tariffs. The Nasdaq fell 2% and the MSCI World index shed 1% for their biggest declines in two weeks. Earlier, British finance minister Rachel Reeves delivered an update on the country’s fiscal and…
Oil companies spent more than a century developing a vast industrial network to extract, refine and deliver their product to customers around the world. Sourcing the materials needed to build an alternative, less carbon-intensive economy presents a whole new set of challenges. China has been tackling these successfully for more than a decade, making it the undisputed leader in the “critical minerals” used in equipment such as electric vehicle batteries, solar panels and wind-turbine magnets. Source link