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Delayed 15 min · 06:45 GMT

FLASH

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Intelligence

UK: Healey’s first Budget freezes tax thresholds, reverses cash ISA cut

The UK Chancellor kept income tax thresholds frozen and leaned on banks to fund household support. Fiscal headroom is now thinner.

News | 29 October 2026

UK: Healey’s first Budget freezes tax thresholds, reverses cash ISA cut

John Healey’s first Budget had something for everyone, and a bill for the banks.

Income tax thresholds stay frozen, quietly pulling more earners into higher bands. Savers got a win: the planned cut to the cash ISA limit is scrapped, so it stays at £20,000.

Households in council tax bands A–D get £100, funded partly by a temporary rise in the bank surcharge. The minimum wage rises 3.9%, and tariffs on more than 100 food imports are suspended until December 2028.

The catch? Fiscal headroom shrinks to £14.5B, from £21.7B last November, with more borrowing over the next three years. Less buffer means less room for the next shock.