Elias Wilson

2 weeks ago | globalcapital.com | Addison Gong |Elias Wilson |Frank Jackman

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2 weeks ago | globalcapital.com | Elias Wilson

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3 weeks ago | globalcapital.com | Elias Wilson

The European Union has renamed its initiative to help member states gain access to finance for defence investment. Formerly termed ReArm Europe, the plan will now be referred to as Readiness 2030. Apparently the rebrand comes after some backlash from Italy and Spain, who were uncomfortable with the militaristic connotations of the former name. Instead, Readiness 2030 supposedly refers to the year by which some predict Russia will have the capabilities to launch an attack on the bloc.

3 weeks ago | globalcapital.com | Elias Wilson

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4 weeks ago | globalcapital.com | Elias Wilson

Ever since Kwasi Kwarteng's swift sacking in 2022, UK chancellors of the exchequer have learnt to fear the bond market. Rachel Reeves, his successor but one, had a light dust-up with Gilt investors at her first Budget in October. But when she stepped up to deliver her Spring Statement on Wednesday, she was eager to please the market. Bracing herself for headlines like 'Balancing the books on the backs of the poor', Reeves cut welfare and government operations.