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Secrets of the City spinners
The legality of liquidity versus solvency
I paid a fraudulent invoice for work done on my house.
Also in this newsletter: Lagarde says ECB ‘ready to respond’, UN update on global warming, Hollywood strike fears
Artificial intelligence versus arbitrary irrelevance
Plus, regional bank lending matters a lot
Investors must trust in the system but confidence is wobbling and there may be more toxicity to come
Wednesday’s privileges committee hearing could be pivotal moment for former UK prime minister
These funds have ballooned as investors seek a safer shelter for their cash.
Also in this newsletter: ICC issues arrest warrant for Putin, SVB parent files for bankruptcy, Macron’s gambit
Health body says genetic sequences are not definitive and all origin theories, including lab leak, remain on table
Cost of living fears and drop in Chinese visitors hitting most-popular sites
Continuing to muddle through, massage the figures and implement bad policies will only make the problems worse
Campaigners argue it should be regarded as an essential service, and scrutinised accordingly
About 6% of the working population is economically inactive due to prolonged disabilities
Jeremy Hunt’s Budget will boost investment and the workforce, but the outlook remains subdued
Severe structural weaknesses persist in the UK economy and his measures do too little to remove them
Income thresholds have been frozen since 2021
Government plans to double prison sentences
Theatres, orchestras and museums welcome two-year extension of help for pandemic recovery
Also: Credit Suisse banking jitters, Chinese consumer spending, ChatGPT’s ‘human-level performance’
Announcing more hours is one thing but actually accessing them is quite another
With the latest credit for research intensive businesses, the government is picking winners by the back door
Chancellor announces launch of 12 new clusters in a trimmed-down version of Liz Truss’s policy
Central American nation was one of Taipei’s last partners in Washington’s backyard
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