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US bond market jitters spark UK economy recession warning
The UK economy could be plunged into a recession an “order of magnitude” greater than recent financial crises if America’s borrowing costs continue to climb over the rest of the year, a group of leading City analysts have warned. The US was forced to pay the highest interest rate on

Ferrari's first ever electric car sold for record $40m
The Luce's launch drew backlash from some commentators who said it broke from the brand's signature dramatic styling.

Thieves steal Renaissance artworks in museum heist during Italian holiday
As Messina celebrated Sicilian holiday Ferragosto, thieves struck the MuMe museum to steal the masterworks by Antonello.

The next China shock will come from open-source AI
Countries adopting Chinese models will also absorb Chinese standards and governance

Why Singapore Stocks Keep Hitting Record High
Singapore equities are among the world's best performers as strong economic growth, resilient bank earnings and a stronger Singapore dollar attract investors. While some fund managers see further upside, others warn valuations have become increasingly stretched after a multi-year rally. (Source: Bloomberg)

Interest rate dilemma for central banks as inflation rises but growth slows
The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war New UK cost of living crisis looms as rising energy bills lift inflation Inflation rates have been falling across the industrialised world, but fears that the Middle East war

Japan’s economy slows, missing growth forecasts
GDP rises 0.3 percent in the second quarter as consumption and capital spending sag.