Half a million sales collapse a year due to ‘antiquated’ homebuying process
Flawed housing system in England and Wales costs economy at least £1.5bn annually, a report finds
BlackRock expands leadership bench in reorganisation of top talent
World’s largest asset manager adds 20 executives to powerful global executive committee
G.O.P. Again Cedes Power on Tariffs to Avoid Crossing Trump
House Republicans extended a maneuver they engineered earlier in the year that effectively strips Congress of the power to disapprove of President Trump’s tariffs.
US in talks to fund multibillion-dollar mining initiative for critical minerals
Investments would finance projects to extract materials crucial for defence and high-tech manufacturing
Enhanced Games athletes can dope to compete for US$1 million prizes. But at what cost to sport?
Olympic swimmer Ben Proud has become the first British athlete to join the Enhanced Games – a controversial new event that allows athletes from all over the world to compete using performance-enhancing drugs. The prize money on offer can hit US$1 million (£730,000). But the swimmer, who won a silver medal at last year’s Paris Olympics, has sparked sharp criticism from sporting bodies after announcing he would be taking part.
Council tax is an unfair mess – here’s a system that could work better
r.nagy/ShutterstockEconomists have argued for years that council tax in the UK was rushed in and badly thought out. After the poll tax fiasco of the early 1990s, a substitute was urgent. The answer was council tax, but this was almost as unfit for purpose as the poll tax it replaced.
Blame game erupts over Qatar plot as Banque Havilland challenges UK watchdog
FCA accused David ‘Spotty’ Rowland’s bank and employees of scheme to devalue Qatari currency
Fed, under pressure to cut rates, tries to balance labor market and inflation – while avoiding dreaded stagflation
Interest rates are a tricky balancing act, as Fed Chair Jerome Powell knows well. AP Photo/Alex BrandonThe Federal Reserve is in a nearly impossible spot right now.
Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggest
Go directly to jail? Not quite. Sergey Chayko/Getty Images PlusMortgage fraud is back in the news.
US women narrowed the pay gap with men by having fewer kids
Women typically earn less than men per hour that they work. MoMo Productions/DigitalVision via Getty ImagesWomen in the U.S. typically earned 85% as much as men for every hour they spent working in 2024. However, working women are faring much better than their moms and grandmothers did 40 years ago.
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