Bank of England chief warns of ‘worrying echoes’ of 2008 financial crisis Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firms
UK borrowing reaches five-year high for September at £20.2bn Rising debt interest and welfare costs push public finances deeper into red before Rachel Reeves’s budget
Reeves has mountain to climb in budget after borrowing rise Public finances figures contain no shocks but will underline need for either hefty tax rises or spending cuts
Amazon says Web Services are recovering after outage hits millions of users – as it happened Fortnite, Roblox, SnapChat, Lloyds Bank, Ring doorbells and Amazon’s own shopping site among services hit by online outage
Amazon Web Services outage shows internet users ‘at mercy’ of too few providers, experts say Crash that hit apps and websites around world demonstrates ‘urgent need for diversification in cloud computing’
China’s economic growth slows amid Trump tariff war and property woes GDP rises by 4.8% year on year between July and September, down from second-quarter growth rate of 5.2%
What the west can do to stop the global south being strangled by debt Labour would do well to remember its manifesto promise to revive Britain’s global leadership on development
‘Disorder, fright and confusion’: looking back at the devastating Wall Street crash of 1929 Andrew Ross Sorkin’s new book 1929 takes readers back to the crash that changed the US and looks at what we can learn from it today
What is private credit, and should we be worried by the collapse of US firms? First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks
Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – as it happened European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowers
‘A foot out in the cold’: leaders huddle at IMF as icy economic winds blow Worries over private credit, tax and spend, skittish bond markets and tariff chaos dominate meeting in Washington
UK government borrowing costs fall to lowest level since July Boost for Rachel Reeves as bond yield falls while she considers tax rises and spending cuts in budget
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy
IMF chief reveals worries about private credit market keep her awake at night – as it happened International Monetary Fund managing director Kristalina Georgieva urges more attention to the non-bank financial institutions, as the world may have “a foot out in the cold”
Head of IMF says risks in private credit market keep her awake at night Kristalina Georgieva urges vigilance over ‘very significant shift of financing’ after collapse of Tricolor and First Brands