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Gateway Tunnel Boring Begins, Turning a New York Rail Risk Into Active Construction
A 1,680-ton tunnel-boring machine has started the first underground section of the $16 billion Hudson rail tunnel linking New York and New Jersey.
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Hong Kong’s New ETF Wave Is Turning Investment Themes Into a Product Race
A cluster of ETFs began trading in Hong Kong on September 30, intensifying competition around AI, healthcare, income and cross-market strategies.
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London’s Economy Is Growing, but Its Labour Market Is Sending a Warning
Britain returned to monthly growth in July, but London’s unemployment, employment and payroll figures show why businesses remain cautious.
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New York’s Office Market Is Tightening, but the Recovery Is Still Uneven
New York office availability has fallen to its lowest level since 2020, but stronger leasing does not mean every building or district is recovering equally.
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London Unemployment Reaches 6.8% as Inflation Complicates the Capital’s Outlook
London unemployment was estimated at 6.8% in the three months to July while UK inflation rose to 3.1%, tightening the outlook for households and employers.
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New York Fed Puts Rising Corporate Markups Under the Microscope
The New York Fed will convene economists in October to examine why the gap between prices and production costs has risen—and what it means for policy.
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Hong Kong Keeps Asia's Top Financial-Centre Ranking as Global Gap Narrows
Hong Kong remained Asia's leading financial centre and third worldwide in GFCI 40, finishing just one point behind London in a tightening global race.
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Bank of England Holds Rates as Inflation Risks Revive Talk of a Hike
The Bank of England held its benchmark rate after a 6–3 vote, but three policymakers backed an increase as energy-driven inflation risks complicated the outlook.
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Hong Kong's First Five-Year Plan Tries to Build a Broader Business Engine
Hong Kong's first five-year plan seeks to reinforce finance while expanding the city's role in technology, trade, education and regional supply chains.
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Bank of England Faces a Harder Rate Choice as UK Inflation Climbs
The Bank of England reaches its September decision with Bank Rate at 3.75% and UK inflation at a five-month high of 3.1%.
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Hong Kong Businesses Are Optimistic—but Want Clearer Policy and AI Support
A new DBS Hong Kong survey found 63% of business leaders positive about the next 12 to 18 months, while investment and AI barriers remain.
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London Fund Managers Face a Turning Point in the FCA’s Rulebook Rewrite
London’s alternative-investment industry is entering a decisive stretch in the Financial Conduct Authority’s proposed rewrite of the rules governing fund managers. The regulator is holding a prudential roundtable at its Canary Wharf office on September 14 as it gathers feedback on a plan that...
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New York City Targets $100 Million in School Procurement Savings
New York City says a school procurement overhaul will save more than $100 million over two fiscal years through rebidding, oversight and new systems.
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UK Economy Surprises With 0.4% July Growth as Services and AI Activity Accelerate
Britain's economy expanded 0.4% in July, beating expectations for no growth as services and computer programming made the largest contribution.
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UK Mortgage Lending Rebounds as High Loan-to-Value Borrowing Reaches 18-Year Peak
Bank of England data show UK gross mortgage advances rose 11.1% in the second quarter while high loan-to-value lending reached its largest share since 2008.
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UK Grocery Inflation Falls to Lowest Level Since October 2024
UK grocery inflation fell to 2.1 percent in August, its lowest level since October 2024, as supermarket competition, promotional deals and consumer resistance to higher prices helped ease pressure on household food budgets.
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UK Grocery Inflation Slows as Food Prices Offer Relief to Shoppers
21 July 2026 British shoppers have received a welcome break after grocery price inflation eased to its lowest level in more than a year, providing some relief for households that have spent years coping with rising living costs. While supermarket bills remain higher than they were a year ago, the latest figures suggest the pace of food price increases is beginning to moderate, giving consumers a little more breathing room as they manage household budgets. According to new dat
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U.S. Producer Prices Fall Unexpectedly as Inflation Pressures Ease Before Oil Price Surge
15 July 2026 Fresh signs of easing inflation emerged in the United States after wholesale prices unexpectedly declined in June, offering encouraging news for businesses, consumers and policymakers. The latest data suggested that price pressures were beginning to cool before renewed tensions in the Middle East triggered another jump in global oil prices, creating fresh uncertainty about the inflation outlook for the months ahead. According to the U.S. Labor Department, the Pro
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U.S. Goods Trade Deficit Surges in May as Imports Climb to Fourteen Month High
26 June 2026 The United States recorded a sharp increase in its goods trade deficit during May as imports surged while exports declined, highlighting the continued strength of domestic demand despite persistent inflation and global economic uncertainty. The latest figures suggest that American businesses and consumers remain heavily dependent on imported products, even as policymakers work to strengthen domestic manufacturing and reduce trade imbalances. According to data rel
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Federal Reserve's John Williams Says Inflation Remains Too High Despite Signs of Progress
25 June 2026 Inflation may be showing early signs of easing, but the battle to restore price stability in the United States is far from over. That was the clear message delivered by New York Federal Reserve President John Williams, who said inflation remains well above the central bank's target even as policymakers believe current interest rate policy is appropriately positioned to gradually reduce price pressures in the years ahead. Williams' remarks come at a time when inve
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