HSBC is currently undergoing a major restructuring, dividing itself into four divisions to separate its east and west businesses. This decision reflects a strategic shift in response to changing market dynamics.

Deloitte has recently laid off around 250 employees in the UK as part of a performance-related reduction, highlighting ongoing challenges in the financial services sector.

The International Monetary Fund (IMF) has also issued a warning about the potential negative impact of rising global protectionism on the world's growth outlook, particularly in light of potential tariff increases following the upcoming US election.

Additionally, South Korea has urged Russia to stop the deployment of North Korean troops to Ukraine, indicating escalating geopolitical tensions in the region.