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Market news: Colombia has resumed energy supplies to Ecuador.

2026-10-16

Market news: Colombia has resumed energy supplies to Ecuador.

Other News
2026-10-16

China's State Council, chaired by Li Qiang, urged prioritizing application-led AI development tied to the real economy: strengthen supply–demand matching, promote joint R&D, accelerate pilot validation, and expand scenario cultivation to speed conver

China's State Council, chaired by Li Qiang, urged prioritizing application-led AI development tied to the real economy: strengthen supply–demand matching, promote joint R&D, accelerate pilot validation, and expand scenario cultivation to speed conversion of AI technology into productive capacity.
2026-10-16

Chancellor John Healey plans to raise bank taxation, which could ease strained public finances but risk a policy rift with Bank of England Governor Andrew Bailey. Healey may reverse the 2023 Conservative cut to the bank corporation tax surcharge—rein

Chancellor John Healey plans to raise bank taxation, which could ease strained public finances but risk a policy rift with Bank of England Governor Andrew Bailey. Healey may reverse the 2023 Conservative cut to the bank corporation tax surcharge—reinstating the rate from 3% back to 8%—which, if fully restored, is expected to generate about £3bn (~$4bn) of revenue. Reports surfaced late Thursday and ran on UK front pages Friday; both Healey and Bailey were in Bangkok for IMF/WBG meetings. Bailey told an IIF forum the measure is a Treasury matter, but earlier this year he warned that punitive bank measures would ultimately push up mortgage rates and could threaten financial stability.
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