The Conservative Party conference is underway, with Kemi Badenoch at the forefront, proposing to eliminate various environmental regulations, including net-zero standards. Her approach is seen as a revival of traditional Tory values, reminiscent of Margaret Thatcher's policies, as she aims to prepare the party for upcoming elections.
In financial news, the Financial Times reports a decline in global dealmaking, marking the first downturn since the onset of the trade war under former President Trump. High interest rates are cited as a significant factor that could hinder future mergers and acquisitions, indicating potential challenges for the financial sector.