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UK PM Burnham is prepared to limit cash benefits for young people and attach work-related conditions to payments, according to iNews citing a key ally

StockNow breaking-news AI analysis

PM Burnham's plan to limit youth benefits aims to curb a 25% welfare spending surge, though markets remain wary of fiscal flexibility amidst rising gilt yields.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)