A leading UK think tank has warned that Prime Minister Andy Burnham has little room to increase government borrowing while funding new cost-of-living measures and higher defence spending. According to NIESR, the government may eventually need to raise taxes, reform the tax system, or cut spending elsewhere to keep public finances stable. The institute also expects UK inflation to remain elevated until early 2027, with interest rate cuts potentially delayed until 2028, increasing pressure on both households and the government's budget.

TSMC has announced an additional $100 billion investment in Arizona, expanding US semiconductor manufacturing, supporting AI-driven chip demand, and creating thousands of high-skilled jobs.

San Francisco home prices have reached record highs as AI employees from companies like OpenAI and Anthropic use stock wealth and high salaries to fuel intense competition in the housing market.