Revival of dialogue is a positive step with London badly seeking to boost the national economy and Beijing reaching out under shadow of Donald Trump.

Revival of dialogue is a positive step with London badly seeking to boost the national economy and Beijing reaching out under shadow of Donald Trump The change of government in Britain last year raised hopes of a reset for the country's strained relations with China.

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Britons are warned that their council tax bills could rise by at least 10 per cent as local authorities call for double-digit increases to meet Labour's targets. These figures far exceed the normal 4.

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Rachel Dobkin is a Newsweek reporter based in New York. Her focus is reporting on politics. Rachel joined Newsweek in October 2023. She is a graduate of The State University of New York at Oneonta.

The pound was quoted at USD1.2399 early on Friday in London, higher compared to USD1.2343 at the equities close on Thursday. The euro stood at USD1.0487, higher against USD1.0409. Against the yen, the dollar was trading higher at JPY155.27 compared to JPY156.02.

British finance minister Rachel Reeves told Reuters on Thursday that she will announce changes if necessary in March to meet her fiscal rules, but added that it was important not to "jump the gun" with two months still to go.

Reeves told The Wall Street Journal at Davos on Thursday that she "hears" criticism of her budget but hasn't been presented with "any serious alternative" to steady the public finances. The budget, delivered in October, includes tax rises to plug a hole in the public finances.

Davos is supposed to be a bright spot for corporate Europe. While the world’s economic engines lie elsewhere — primarily in the US and corners of Asia — the conference has been the one time a year the continent can reliably convene power-wielders from all over.

Energy executives think investor pressure on oil companies and the economic realities of “a sector always beholden to oil prices” are likely to block Trump’s energy goals