Live news update: Pound rises early in Asian trading after Truss resignation call

Hello and welcome to Working Week. Or should it be Labor Week? The 20th National convention The Chinese Communist Party leadership election is underway in Beijing, and all eyes are on President Xi Jinping ahead of an expected vote to give him an unprecedented third term.

The Financial Times spoke with more than 20 business owners, farmers, government officials, and Chinese academics, but, of course, none went on record. give a rough image A country entering this new era.

In the UK, representatives of British workers will meet in Brighton for the annual trade union conference postponed by the death of Queen Elizabeth last month. Given the economic situation and industrial unrest, there is much to discuss. Pensions, the cost of living crisis and defending the right to strike are all on the agenda.

Economic issues will be high on the agenda of the European Council meeting between EU leaders starting in Brussels on Thursday.

Former White House strategist Steve Bannon interviews Republican Arizona gubernatorial candidate Kari Lake at the Conservative Political Action Conference in Dallas on August 5 © Shelby Tauber/Reuters

In the United States, the aftermath of the January 6, 2021 Capitol Hill riots continues. On Friday, Steve Bannon, a former political adviser to Donald Trump, will be sentenced to contempt of Congress after failing to comply with a subpoena issued by a committee investigating the attack.

Finally, this week’s anniversary is one of significant anniversaries for the British institution as the BBC celebrates its 100th anniversary. Many people have an opinion on this.maybe it’s time to reconsider Former FT Editor Lionel Barber’s Perspective In the century of “Aunt Beebe”.

economic data

New Zealand releases third quarter consumer price index inflation data. UK September inflation likely sees headline rate hit double digits again, GfK confidence and retail sales updates show how unlikely a consumer-driven recovery is at this point will be emphasized.

The Federal Reserve will publish its latest Beige Book on Wednesday, providing commentary on current U.S. economic conditions and an update on the increasingly fragile U.S. housing market.

China’s monthly activity indicators would most likely show the continued impact of Covid-19 restrictions.


Wall Street’s other big banks report their third-quarter numbers this week, followed by a mixed earnings season for consumer goods, retail, media, airlines and technology. Results publishers include third-quarter data for Bank of America, Bank of New York Mellon, Charles Schwab, half-year report for Naked Wines, and third-quarter operational updates for Rio His Tinto. Live news update: Pound rises early in Asian trading after Truss resignation call

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