Bloomberg Business

Sunak Eyes Inheritance Tax Cut as Tories Gear Up for UK Election

Rishi Sunak is considering cutting the UK’s unpopular inheritance tax ahead of the next general election, people familiar with the matter said, a move senior Conservatives think will give his ruling party a major boost as it tries to overcome a double-digit deficit in opinion polls.

After October’s Truss Disaster, UK Rebuilds Reputation at IMF

UK Chancellor of the Exchequer Jeremy Hunt was not just attending the International Monetary Fund’s spring meetings in Washington for the usual finance minister roundtables and global economic security discussions. He had another agenda –- to restore Britain’s reputation.

EU Turns Deaf Ear on Germany Demand for Strict Fiscal Rules

The European Union is determined to scrap the draconian fiscal rules of the past blamed for choking economies in the aftermath of the previous financial crisis despite Germany’s call for strict limits to reduce public expenditure.

Do Kwon Sent Millions to Lawyers Before Collapse, KBS Reports

Terraform Labs Pte co-founder Do Kwon sent 9 billion won ($7 million) to a top South Korean law firm just before the collapse of the firm’s stablecoin terra and cryptocurrency luna, according to South Korean prosecutors, KBS News reported.