The Latest Breaking News from Kathleen Brooks

In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet,…

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

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.

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

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

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

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

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

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