UK business confidence hits 17-month low as Middle East tensions lift costs
UK business confidence hits 17-month low as Middle East tensions lift costs
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Canadians open to alternative housing as builders face financing, cost pressures
Canadians are showing greater openness to alternative forms of housing, but builders say financing constraints, labour shortages and rising costs are making it harder to deliver the kinds of homes buyers increasingly want. A new Housing Attainability Report from Meridian Credit Union found 62% of Canadians would consider non-traditional housing options such as modular, prefabricated…
iFOREX Cuts FY2026 Profit Outlook After Weak August Trading | LeapRate
iFOREX Financial Trading (LSE:IFRX), the fintech company behind a proprietary online and mobile CFD trading platform, has issued a trading update warning that performance has deteriorated sharply since its half-year update in July. The company said trading in August has been “unusually subdued,” with low trading income amid generally weak market volatility. This follows an…
Government consultation on replacing ‘confused’ Lifetime ISA closes tonight – Mortgage Strategy
The government consultation on replacing the Lifetime ISA with a First Time Buyer ISA closes tonight. The possible new product will be solely for first-time buyers and not for the dual purpose of retirement saving as the Lifetime ISA was. The Lifetime Isa has drawn criticism, both for the withdrawal penalties and the maximum price…
BofA and PNC respond to rising AI fears
Key insight: Executives at two big banks discussed some of the safety concerns about AI, which rose to a fever pitch last week as tech industry insiders warned of its dangers. What’s at stake: Over the past few years, banks vigorously embraced the technology. Now executives are being asked about its risks as well as…
LMAX Group Explores Sale or IPO at Valuation of Up to $5 Billion | LeapRate
LMAX Group, the London-based institutional trading venue spanning FX and digital assets, is exploring a sale or public listing that could value the company at up to $5 billion, according to a CoinDesk report citing people familiar with the matter. The firm has reportedly enlisted Morgan Stanley and KBW, the investment banking arm of Stifel,…
AI Startups Try to Counter Chinese Models as VC Interest Wanes
The rise of Chinese open-weight artificial intelligence models has American startups racing to build counterparts. But as The Wall Street Journal (WSJ) reported Sunday (Aug. 2), these companies have begun to run into a roadblock: a lack of interest from venture capital (VC) investors. “Every tier-one VC pretty much said no,” said Mark McQuade, CEO…
