Wealthy Britons are moving unprecedented sums into offshore bonds as they brace for higher taxes and seek more flexible ways to manage their wealth. According to data reviewed by the Financial Times, around £10.5 billion was invested in offshore bonds in the 12 months to June, more than double the £5.1 billion recorded the previous year — marking a record-breaking surge in demand for overseas investment wrappers. Financial advisers say the trend reflects the growing...
Chancellor Rachel Reeves has signalled that her 26 November Budget will ask more Britons to shoulder the burden of repairing the nation’s public finances — even if that means breaking Labour’s manifesto pledge not to raise income tax. In a speech this week, Reeves warned that “hard choices” were unavoidable if Britain was to protect the NHS, reduce national debt and keep inflation under control. Her language marked a shift from earlier assurances that only...
More than a third of the UK’s fastest-growing technology scale-ups have no women on their boards, according to new research that highlights a striking gap between rhetoric and reality on diversity in Britain’s tech sector. The report from global growth consultancy Think & Grow found that women occupy just 18% of board positions across the UK’s leading tech scale-ups, while 36% of these companies have no female board members at all. This is despite an...
President Donald Trump appeared to take a swipe at Republican candidates who lost on Tuesday while addressing the America Business Forum in Miami, Fla., on Wednesday. After listing a series of his accomplishments, Trump said it’s ‘so easy to win elections when you talk about the facts.’ ‘Almost 2 million American-born workers are employed today, more than when I took office. That’s nine months ago. Can you imagine?’ Trump said. ‘And I tell Republicans, if...
A House Democrat representing a district that President Donald Trump won in 2024 is not seeking re-election next year. Rep. Jared Golden, D-Maine, announced his plans in an op-ed for the Bangor Daily News on Wednesday, a day after Democrats’ sweeping electoral victories in Virginia, New Jersey, California and New York City. ‘I have never loved politics. But I find purpose and meaning in service, and the Marine in me has been able to slog...
Sen. Bernie Sanders, I-Vt., took over Senate Minority Leader Chuck Schumer’s post-election news conference Wednesday, knocking the Democratic Party for their lack of support in political races in New York and Maine. ‘Well, the party leadership did not support [mayoral candidate Zohran] Mamdani in New York,’ Sanders said in front of the Senate podium. ‘Party leadership is not supporting [Senate hopeful Graham] Platner in Maine. And I think he’s going to win… I think there...
Imagine you need to build a team of 150 professionals from scratch, in a country where critical infrastructure isn’t finished, while the entire world prepares to watch. You have officials from every continent speaking dozens of languages, three separate organizational bodies with competing priorities, and a construction site that should already be a world-class tennis venue. Welcome to Olympic officiating. When Soeren Friemel arrived in Rio de Janeiro in December 2015 for his pre-Olympic site...
The regenerative medicine sector has long promised transformative therapeutic interventions, yet commercial viability remained elusive for decades. Recent developments suggest the field has reached a critical inflection point where cellular therapy technologies transition from experimental protocols to scalable clinical applications. Companies like Celljevity, with their Prometheus Cell therapy demonstrating consistent outcomes across more than 1,000 treated patients, exemplify this maturation process. The shift from laboratory research to commercial healthcare delivery requires more than scientific validation....
Vice President JD Vance said that Republicans need to direct their focus to the ‘home front’ and work to make life more affordable for Americans, following the GOP losses in several key elections Tuesday. Republicans’ ability to do so will be a key factor in how Americans show up and vote in the 2026 midterm races, according to Vance. ‘I think it’s idiotic to overreact to a couple of elections in blue states, but a...
Senate Democrats are riding high after a wave of victories on Election Day and view Democratic candidates’ performances as an indicator that their shutdown strategy is working. As the government shutdown officially entered record-breaking territory in its 36th day, Senate Democrats felt emboldened by the election results, and saw the blowout wins across the country as an indictment against President Donald Trump and Republicans, particularly on the matter of expiring Obamacare premium subsidies. Still, some...
