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UK's PM defends 'difficult' tax cuts despite market turmoil
UK's PM defends 'difficult' tax cuts despite market turmoil
by  AFP

UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets tanked and the Bank of England was forced into an emergency intervention. Truss defended her fiscal policy, which includes a cut to the top rate of income tax, arguing the UK currently had its highest tax burden in 70 years.

Porsche ignites blockbuster IPO, defying market turmoil
Porsche ignites blockbuster IPO, defying market turmoil
by  AFP

Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe's biggest listings in years, leveraging its brand power to defy global market turmoil. "Sports car icon Porsche goes full throttle and races onto the stock market," read a column in the paper.

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