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UK Treasury Confirms New Tax Rises in Autumn Budget Amid Persistent Debt Challenges

The UK’s Office for Budget Responsibility OBR released its November 2025 Economic and Fiscal Outlook EFO, confirming a significant tightening of the

The UK’s Office for Budget Responsibility OBR released its November 2025 Economic and Fiscal Outlook EFO, confirming a significant tightening of the country’s fiscal policy. The report, which accounts for the governments Autumn Budget announcements, details a package of tax rises set to collectively raise £26 billion by the financial year 202930. This includes approximately £15 billion from personal tax increases and £11 billion from other tax changes. The policy measures are necessitated by persistent high borrowing and a challenging fiscal landscape. The EFO sets out the governments path to meet its fiscal targets, but the forecast also highlights uncertainties, including higherthanexpected public sector expenditure, particularly on local authority spending for special educational needs and disabilities. The outlook confirms that balancing the budget will continue to rely heavily on longterm tax increases. Read More..

B2B Tech News | 4 months ago        

South Koreas November Exports Jump, Exceeding Expectations and Signaling Strong Global Trade Momentum

South Korea, a bellwether for global trade, reported strongerthanexpected export figures for November, delivering positive news for the Asian economy.

South Korea, a bellwether for global trade, reported strongerthanexpected export figures for November, delivering positive news for the Asian economy. The country’s exports saw a yearonyear increase of 8.4%, significantly outpacing the consensus forecast of 5.7%. This robust growth reflects a continued recovery in global demand, particularly for semiconductors and highvalue manufactured goods, which are core components of Korean trade. Coupled with import growth of 1.2%, the strong export performance resulted in a favorable trade balance for the month. The figures are seen by analysts as an encouraging sign of sustained economic activity, contradicting some regional headwinds and reinforcing optimism about manufacturing sector resilience as 2025 draws to a close. Read More..

B2B Tech News | 4 months ago        

APRA Caps High DebttoIncome Mortgages to Cool Australian Housing Market Risk

The Australian Prudential Regulation Authority APRA has implemented a new policy aimed at mitigating financial stability risks associated with the rap

The Australian Prudential Regulation Authority APRA has implemented a new policy aimed at mitigating financial stability risks associated with the rapidly strengthening housing market. Effective December 1st, APRA has imposed a strict limit on the volume of new loans banks can issue to borrowers with high debttoincome DTI ratios, defined as six or more. The prudential regulator set the limit at 20%, meaning no more than onefifth of a banks new lending—separated into owneroccupier and investor categories—can be to these highrisk borrowers. This measure comes amidst elevated wages growth and continued strength in house prices, which the Reserve Bank of Australia RBA acknowledged signals a tight labor market. The cap is intended to improve lending standards and temper the brisk pace of housing market growth. Read More..

B2B Tech News | 4 months ago        

Global Asset Management Consolidation Nomura Completes Strategic Acquisition of Macquarie’s US and European Public Funds Business

Nomura Holdings announced today the completion of its strategic acquisition of Macquarie Group’s U.S. and European Public Asset Management Business.

Nomura Holdings announced today the completion of its strategic acquisition of Macquarie Group’s U.S. and European Public Asset Management Business. This key transaction, finalized on December 1st, significantly expands Nomuras global asset management capabilities and market share in critical Western financial centers. The move is part of Nomuras longterm plan to diversify its revenue streams and build a robust, globally integrated investment management franchise. The newly integrated entity will combine Macquaries established client base and investment strategies in the U.S. and Europe with Nomura’s considerable resources, aiming to offer a more comprehensive suite of investment products. The completion follows several months of regulatory approvals and integration planning, marking a major milestone in Nomuras international growth strategy. Read More..

B2B Tech News | 4 months ago        



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