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we begin in the us, where the treasury secretary janet yellen has sounded a stark warning over the country s debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. speaking to abc, she says that if lawmakers fail to raise that ceiling the us could be left unable to pay its bills by the beginning ofjune. it is congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can take to prevent that catastrophe. russ mould is investment research director at aj bell. we have been here before. all of the same warnings that the us could tape off a cliff if it doesn t raise the debt ceiling and yet more warnings. yes, we have and i think the us debt ceiling has been raised 75 or 80 times in its history and we have had eight government shutdowns while a new debt ceiling has be ....
business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge ....
many things, but principally against stock and intellectual property but there were other things within that. on the one dynamically needed to prove to our auditors we had sufficient cash. the second side of it was we had to prove we had reasonable and achievable trading numbers that we were likely to hit as we went through the financial year which is 23. we ran more sensitised versions of those numbers and even i can remember to do a worse case scenario and then an even worse case scenario and then an even worse case scenario and then an even worse case scenario. hate worse case scenario and then an even worse case scenario. worse case scenario. we are up auainst worse case scenario. we are up against time worse case scenario. we are up against time to worse case scenario. we are up against time to some worse case scenario. we are up against time to some degree. l against time to some degree. according to the sunday times, wilko was advised according to the su ....
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The FTSE 100 closed up 0.2% with risk appetite recovering as investors await tech earnings later in the day, in additing to some easing in bond yields, IG analyst Chris Beauchamp said in a note.. ....