What’s in store for bitcoin in 2025 as Donald Trump returns to the White House? December 22, 2024 2024 was definitely the year of the bitcoin: The first bitcoin spot ETFs were approved in the US, the cryptocurrency reached an all-time high, and the fourth bitcoin halving occurred in April. The price of bitcoin now sits at over $84,000, up 142 per cent since the start of the year and 60 per cent [...]
Will Trump mean more American expats coming to the UK? December 22, 2024 As leaders sit on the edge of their seats, bracing for the impact of Trump’s tariffs, they may find an offset – albeit a slight one – in the form of American expats joining their economies, says Bill Sedat Frater Reflecting on the US elections, it’s hard to ignore the role tax policy played in [...]
US Senate passes government funding bill to avoid shutdown December 21, 2024 The US Senate has rushed through the final passage of a bipartisan plan that would temporarily fund federal operations and disaster aid. Facing a government shutdown deadline, the restructured bill dropped President-elect Donald Trump’s demands for a debt limit increase into the new year. House Speaker Mike Johnson had insisted Congress would “meet our obligations” [...]
A look back at the highs and lows of politics in 2024 December 20, 2024 With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City PM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
Badenoch must beware flirting with Trump’s national conservatism December 11, 2024 Kemi Badenoch’s recent trip to North America seems to have gone well, but she should be wary of taking too much inspiration from Donald Trump and JD Vance, says Joseph Dinnage It hardly evoked Beatlemania, but Kemi Badenoch’s recent North American jaunt seemed to go pretty well. During her trip, the Tory leader met with [...]
Reeves promises ‘deeper, more mature’ economic relationship with EU December 9, 2024 Rachel Reeves has pledged to build a “deeper, more mature relationship” with European trading partners in the first speech by a UK chancellor to eurozone finance ministers since 2020. Speaking to the Eurogroup in Brussels on Monday, Reeves also brushed off the suggestion that Britain must choose between closer ties with the US and EU [...]
US likely to fall into recession under Trump, top economist warns December 9, 2024 The US is likely to fall into recession during Donald Trump’s second term if he makes good on his campaign promises, a leading economist has predicted. Paul Mortimer-Lee, a research fellow at the National Institute of Economic and Social Research (NIESR), said growth in the world’s largest economy could slump if the president-elect follows through [...]
Shock poll puts Reform UK ahead of Labour for first time, as Tories surge December 5, 2024 A new poll has put Reform UK one point ahead of the Labour Party for the first time. Research by pollsters at FindOutNow put Nigel Farage’s party on 24 per cent, one point above Labour on 23 per cent. While Kemi Badenoch’s Conservative Party came higher than both, at 26 per cent, with the Lib [...]
How high will bitcoin go? December 5, 2024 Bitcoin has finally broken through the $100,000 mark, a few hours after Federal Reserve chair Jerome Powell referred to the cryptocurrency as “digital gold“. The surge in bitcoin’s value from $50,000 in February of this year can be attributed to several factors but the largest by far has been the US presidential election. Former president [...]
How should the UK respond to Donald Trump’s tariffs? December 4, 2024 Trump's taste for tariffs is well known, proudly proclaiming in the election campaign it was the most beautiful word in the dictionary.
