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Bank of England Chief Economist Peel: Clear, swift, and decisive policy action and communication will help guide markets and reduce uncertainty.
2026-09-03
Bank of England Chief Economist Peel: Clear, swift, and decisive policy action and communication will help guide markets and reduce uncertainty.
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2026-09-03
The US August ISM non-manufacturing PMI will be released in ten minutes.
The US August ISM non-manufacturing PMI will be released in ten minutes.
2026-09-03
Union Investment, one of Germany's largest asset managers, warned Volkswagen in a letter to the chairman that its credit rating could be downgraded to junk unless the automaker implements substantial cost cuts and improves profitability, the FT repor
Union Investment, one of Germany's largest asset managers, warned Volkswagen in a letter to the chairman that its credit rating could be downgraded to junk unless the automaker implements substantial cost cuts and improves profitability, the FT reports. The move escalates an internal standoff ahead of a crucial supervisory board meeting on Friday over CEO Oliver Blume's restructuring plan, which could eliminate up to 100,000 jobs in Germany and close as many as four plants. Management and the supervisory board are deadlocked; worker representatives and major shareholder Lower Saxony oppose the plan.
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