UK wage growth beats expectations as unemployment ticks up

Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth was higher than expected in the three months to February, according to official data, which also showed a sharp rise in unemployment and worsening economic inactivity. Annual …

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Three errors in inflation control

This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters On Friday, Ben Bernanke published his report into forecasting and communication …

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Barclays maintains overweight rating on PayPal stock

On Tuesday, Barclays reaffirmed its Overweight rating on PayPal Holdings Inc (NASDAQ:) with a steady price target of $81.00. The firm’s analysis suggests that PayPal may exceed its transaction margin dollar (TMD) growth guidance for the year. This optimism is based on several factors expected to contribute positively to PayPal’s …

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Singapore’s outgoing PM to stay on as senior minister, his successor says

Prime Minister Lee Hsien Loong will transition out of his role after two decades and assume the position of senior minister starting May 15. Lawrence Wong, Lee’s deputy, will succeed him, becoming Singapore’s fourth leader since independence in 1965. The Cabinet, largely unchanged, will maintain stability until the next general …

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Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’

While the likes of Google, Amazon and OpenAI battle it out in Big Tech for the top spot, JPMorgan is quietly winning Wall Street’s own contest: leading the AI race in banking. At least, that’s according to one expert who appeared at Fortune’s BrainstormAI conference in London this week. For …

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Global stocks and Asian currencies slide on US rate cut reticence

Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets sank and Asian currencies were hit by a rising dollar on Tuesday, as investors’ hopes for rapid US interest rate cuts waned and fears grew over the conflict …

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