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The Latest Breaking News from Kathleen Brooks

DeepSeek AI model sends shockwaves through US tech firms as stocks plunge

Chip maker Nvidia suffered the biggest ever one-day loss in market value for a Wall Street stock, after the emergence of Chinese firm DeepSeek.

Evening Standard

Pressure mounts on Reeves as Starmer refuses to guarantee future of her job

Sir Keir Starmer declined to say the Chancellor would remain in post until the election.

Evening Standard

Chancellor facing tough questions over fiscal rules as market woes deepen

Chancellor Rachel Reeves said over the weekend that her fiscal rules were ‘non-negotiable’.

Evening Standard

From analysis to the latest developments in health,
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Government says ‘no need for emergency intervention’ in financial markets

Uncertainty over fiscal stability and wider global pressures caused sterling to weaken on Thursday.

Evening Standard

Markets ‘orderly’ despite soaring borrowing costs, says Treasury minister

It came as the pound slid to its lowest level since November 2023.

Evening Standard

Pound under further pressure as government borrowing costs keep rising

Sterling fell nearly 1% to just under 1.23 US dollars – its lowest level since November 2023.

Evening Standard

ECB cuts interest rate to 3.5% and warns of weak eurozone growth

European Central Bank makes 0.25-point cut as expected after eurozone inflation fell to 2.2% in August

The Guardian - UK

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Euro Knocked By European Vote Uncertainty

The euro recoiled Monday after a far-right surge in weekend EU polls sparked a general election in France, although analysts believe the single currency will remain resilient.

International Business Times

Platinum Loses Shine Amid BHP's Vast Anglo Bid

Platinum prices are rising due to tight supplies although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP. The metal is used in the manufacture of catalytic converters for high-polluting petrol engines -- but…

International Business Times

Bank of England says it could lower interest rates more than expected, but June cut isn’t ‘fait accompli’ – as it happened

Bank of England governor Andrew Bailey is briefing reporters after BoE left UK interest rates on hold again in a dramatic 7-2 split

The Guardian - UK

Elon Musk loses $11bn from his fortune as Tesla shares tumble after profits fall

But he still remains the richest person in the world with a net worth believed to be above $200 billion

Evening Standard

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