Canopy Current

The Federal Reserve cut US interest rates to a near-three-year low but signalled it will pause further cuts, facing inflation and jobs data pressures while bracing for political tension with President Trump over future policy direction.

Netflix’s plan to acquire Warner Bros. Discovery has stirred serious debate as Donald Trump warned the $72 billion merger “could be a problem” due to the combined company’s massive market share — and confirmed he’ll be personally involved in the approval review.

The upcoming Budget 2025 by Chancellor Rachel Reeves is being shaped by three major pressures: weak productivity, delayed welfare cuts, and limited fiscal tools — meaning the government may resort to measures like “fiscal drag” and future-spending squeezes rather than headline tax rises.

Sir Keir Starmer’s government looks set to reverse a manifesto pledge and raise taxes after the dramatic U-turn ahead of the budget, while Shabana Mahmood unveils sweeping asylum reforms and both she and Kemi Badenoch square up to Nigel Farage’s rising challenge.