UK Budget: Britain Brings Back Austerity. Here’s why

London CNN Business – The last time a British finance minister revealed tax and spending plans, Markets worsened And the country’s prime minister after all She lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is set to unveil a budget aimed at restoring confidence in … Read more

ASEAN and G-20 summits: As the US and China meet, the rest of the world is being pressured to choose a side

Editor’s note: A version of this story appeared in CNN’s news bulletin around the same time in China, a three-times-week update that explores what you need to know about the country’s rise and how it’s affecting the world. Register here. Hong Kong CNN – world leaders converge in Phnom Penh This weekend, for the first … Read more

White House gets ‘Goldilocks’ jobs report as they look to offset the economy

CNN – As White House officials prepare for the latest jobs report ahead of the midterm elections due to be released Friday morning, the last thing they want to see is the explosive employment number. It is the political paradox that overshadowed the last major A piece of economic data before Election Day – One … Read more

One sentence from the Fed got the markets working. Then Powell spoke.

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, over here. New York CNN Business – The Fed has spoken. As we discussed yesterday, the Fed’s 75bp move was a foregone conclusion. The central bank announced that it would raise interest … Read more