Your morning
briefing.
Small but
Mighty.
Monday 3 November 2025
UK interest rates, Iran’s nuclear facilities, South Korea’s spy satellite, and more…
The Mighty Headlines
Economics: Bank of England expected to keep interest rates at 4%
Business and markets: Berkshire Hathaway profits up 13%
Foreign Affairs: Iran to rebuild nuclear facilities
Security and intelligence: South Korea launches fifth spy satellite
Domestic politics: UK Government plans higher tax on expensive homes
The Mighty Stats
FTSE = 9,717.25 (down 0.44%)
S&P 500 = 6,840.20 (up 0.26%)
Nasdaq = 23,724.96 (up 0.61%)
CAC40 = 8,121.07 (down 0.44%)
£1 = $1.33 / €1.14
Lab / Con / Reform = 16 / 16 / 32 %
*US electoral update*: Year-off elections are being held in the United States tomorrow, with elections for the Governors of New Jersey and Virginia and for the Mayor of New York City among many others. They are the first major electoral tests of President Trump’s presidency so far. What do the polls say?
Governor of New Jersey: Sherill (Dem) 50% / Ciattarelli (Rep) 49%
Governor of Virginia: Spanberger (Dem) 56% / Earle-Sears (Rep) 44%
Mayor of New York City: Mamdani (Dem) 41% / Cuomo (Ind) 34%
The Mighty Detail
Economics: The Bank of England is expected to keep UK interest rates at 4 per cent when it meets on Thursday. It follows official data published last week which showed inflation running at 3.8 per cent in September (the target is 2 per cent target).
Business and markets: Berkshire Hathaway’s operating profit increased by 34 per cent to $13.49 billion in Q3 2025. The company’s cash pile increased to $381.7 billion.
These are the company’s last results before Warren Buffett, 95, leaves the role of CEO in December.
Shares in Berkshire have fallen by 12 per cent since Buffett, who has been CEO for over 60 years, announced his retirement in May.
Foreign Affairs: Iran’s President, Masoud Pezeshkian, said yesterday that the country would rebuild its nuclear facilities with “greater strength”. He added that Iran would not build a nuclear weapon but would use the technology to solve “the problems of the people” including for health and disease. The US bombed Iran’s nuclear facilities in June, stating that Iran was building a weapon.
Security and intelligence: South Korea has launched a fifth spy satellite to monitor North Korea. The military satellite entered orbit from Florida in the US on a SpaceX rocket. The satellite will enable South Korea to monitor North Korea’s missile launch pads every two hours in all weather conditions.
Domestic politics: There are reports that the UK Government will revise council tax bands to increase the rate on more expensive homes. The plan has been proposed by the Institute for Fiscal Studies think tank, which predicts it could raise £4.2 billion a year by 2030.
The Mighty Calendar
What’s happening today?
Reform UK’s Nigel Farage gives speech on the economy
Foreign Affairs Committee interviews Cabinet Secretary and Foreign Office Permanent Secretary on Peter Mandelson’s appointment as US ambassador
UK Joint Committee on National Security Strategy interviews former Hong Kong Governor Chris Patten on UK-China relationship
Defence Questions in UK Parliament
Company results from: Palantir
Lookahead to tomorrow
Japan public holiday (Culture Day)
New York City Mayoralty election
Virginia and New Jersey Gubernatorial elections
Treasury Questions in UK Parliament
Company results from: Pfizer, Uber, Shopify, AMD
The Mighty Finale
🌤️Weather today
Rain in the northwest of England. Largely dry but cloudy elsewhere. High of 16C and low of 13C in London. Rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Fun is one of the most important – and underrated – ingredients in any successful venture.” – Richard Branson, entrepreneur
Mighty takeaway: Life is so much easier when you have fun. Try to make even the mundane tasks fun. Enjoy life!
That’s it for this Monday morning. Thanks for reading!
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 31 October 2025
US-China trade deal, Facebook shares drop over 10% after high AI spending, protests in Tanzania, and more…
The Mighty Headlines
Economics: US-China deal reduces tariffs by 10 per cent
Business and markets: Facebook shares drop after $70 billion AI spend
Foreign Affairs: Violent protests in Tanzania after election
Security and intelligence: Movement captured at Iran’s nuclear sites
UK domestic affairs: Palace to remove titles from Prince Andrew
The Mighty Stats
FTSE = 9,760.06 (up 0.4%)
S&P 500 = 6,822.34 (down 0.99%)
Nasdaq = 23,581.14 (down 1.57%)
CAC40 = 8,157.29 (down 0.53%)
£1 = $1.31 / €1.14
Lab / Con / Reform = 16 / 16 / 32 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: President Trump has agreed to cut US tariffs on Chinese goods. These currently stand at 55 per cent and include the “Liberation Day” tariff (10 per cent), the fentanyl tariff (20 per cent) and pre-existing tariffs (25 per cent). Trump said the fentanyl tariffs would be cut to 10 per cent and that China would also buy more US soybeans. China said it would end its restrictions on rare earth exports for one year.
Business and markets: Shares in Facebook’s parent company, Meta, fell by more than 10 per cent yesterday.
The company’s high spending on AI (set to be between $70 billion and $72 billion this year) overshadowed positive earnings results.
Meta reported revenue of $51.24 billion in Q3 2025 – a 26 per cent increase on last year.
Foreign Affairs: There have been violent protests in Tanzania following Wednesday’s presidential and parliamentary elections. An internet blackout and a curfew have been imposed. President Suluhu Hassan – Tanzania’s first female president – is expected to secure a second term but all main opposition candidates have either been jailed or disqualified from contesting the election.
Security and intelligence: The head of the UN’s nuclear watchdog, Rafael Grossi, has said that movement has been detected at Iran’s nuclear sites.
Grossi said satellite imagery did not indicate that Iran was accelerating uranium production but that movement was taking place where enriched stockpiles are stored.
UK domestic affairs: Buckingham Palace has started procedures to remove the title of ‘Prince’ from Prince Andrew. It has also served notice on his lease at Royal Lodge, Windsor. Andrew’s children, Princesses Beatrice and Eugenie, retain their titles.
The Mighty Calendar
What’s happening today?
House of Lords debate on Ukraine
China manufacturing data (October) – PMI growth expected at 50.2
Eurozone CPI inflation data (October) – set to fall from 2.4% to 2.3%
Company results from: ExxonMobil, Chevron, Audi, Colgate-Palmolive
Lookahead to the weekend
Saturday
Barack Obama speaks at Democrat rallies in New Jersey and Virginia
Rugby autumn internationals: England vs Australia
Rugby autumn internationals: Scotland vs USA
Sunday
London to Brighton Veteran Car Run
Women’s Cricket World Cup final
Rolex Paris Tennis Masters men’s final
New York Marathon
The Mighty Finale
🌤️Weather today
Light rain across most of England from late morning onwards. Heavy rain all day in the southwest. High of 16C and low of 13C in London. Light rain in Belfast and Edinburgh too.
✏️Life coaching quote of the day
“Forgiveness is not an occasional act, it is a constant attitude.” – Martin, Luther King Jr.
Mighty takeaway: Don’t just think of this in terms of forgiving other people. You must remember to be kind and to forgive yourself as well.
That’s it for this morning. Thanks for reading and we hope that you enjoy the weekend.
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 29 October 2025
US interest rate decision today, Amazon cuts 14,000 jobs, Israel and Hamas ceasefire violations, and more…
The Mighty Headlines
Economics: US Fed expected to cut interest rates by 0.25bpts today
Business and markets: Amazon to cut 14,000 corporate jobs in AI push
Foreign Affairs: Israel and Hamas accuse each other of ceasefire violations
Security and intelligence: Bulgaria and Rheinmetall sign €1bn defence deal
Domestic politics: Theresa May and John Major warn against Reform UK
The Mighty Stats
FTSE = 9,696.74 (up 0.44%)
S&P 500 = 6,890.89 (up 0.23%)
Nasdaq = 23,827.49 (up 0.8%)
CAC40 = 8,216.58 (down 0.27%)
£1 = $1.33 / €1.14
*For UK Government updates on the situation in Jamaica, please visit the following web site: https://www.gov.uk/foreign-travel-advice/jamaica*
The Mighty Detail
Economics: The US Federal Reserve will announce its interest rate decision today at 2.00pm ET (6.00pm GMT / 7.00pm CET).
The Fed is widely expected to cut interest rates by 0.25 percentage points to a range of 3.75 per cent to 4.00 per cent. This is down from the 4.00 per cent to 4.25 per cent range currently.
The Fed always expresses interest rates as a range.
Business and markets: Amazon is to cut 14,000 corporate jobs globally as it seeks to cut bureaucracy and move forward with Artificial Intelligence. Amazon has over 1.5 million employees, of which around 350,000 are in corporate roles. The company reports its Q3 earnings results tomorrow.
Foreign Affairs: Israel has struck Gaza as both Israel and Hamas accuse each other of violating the ceasefire. Israel says that Hamas has attacked Israeli soldiers and is not fulfilling promises to hand over deceased hostages. Hamas says that Israel is obstructing efforts to find dead hostages.
Security and intelligence: Bulgaria and the German defence company, Rheinmetall, have agreed a €1 billion arms deal. A factory will be constructed to produce 155mm artillery shells and gunpowder and is part of wider European efforts to improve defences following Russia’s invasion of Ukraine.
Domestic politics: Former UK Prime Ministers Theresa May and John Major have warned the Conservative Party against getting too close to Reform UK.
Theresa May said the Party risked “chasing votes from Reform” at the expense of the broader electorate.
John Major said an alliance would “forever destroy” the Tories.
The latest opinions poll puts Reform UK on 27 per cent of the vote and the Conservatives and Labour both on 17 per cent.
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Calendar
What’s happening today?
Vietnam’s leader, To Lam, begins two-day visit to the UK
Snap Parliamentary elections in the Netherlands
Prime Minister’s Questions in UK Parliament
UK Joint Committee on National Security Strategy session on China spy case with Attorney General and Chief Secretary to the Prime Minister
US Federal Reserve interest rate decision
Company results from: Google, Microsoft, Facebook, Boeing, Airbus, Starbucks, Mercedes-Benz, Santander, Next, Deutsche Bank, BASF, GlaxoSmithKline
Lookahead to tomorrow
President Trump and President Xi meet in South Korea
Business Questions in UK Parliament
European Central Bank interest rate decision – set to stay at 2.15%
Bank of Japan interest rate decision – set to stay at 0.5%
Company results from: Apple, Amazon, Shell, Total, Standard Chartered, Credit Agricole, Volkswagen, Samsung, Reddit, Liberty Global (Virgin Media)
The Mighty Finale
🌤️Weather today
Morning rain in the southwest of England. Largely dry in the north. Light rain throughout the day in the southeast. High of 13C and low of 4C in London. Sunshine and showers in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Many people delay taking action because they hope to avoid suffering. They keep searching for a path that won’t involve tradeoffs. But some form of suffering is always inevitable. The process of taking action is the process of choosing your pain.” – James Clear, author
Mighty takeaway: There is a cost to everything, both in taking action and in not taking action. Decide which cost you are willing to bear.
That’s it for this morning. Thanks for reading!
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 27 October 2025
US-China trade deal framework, Russia’s new nuclear-powered missile, Afghanistan-Pakistan border clash, and more…
The Mighty Headlines
Economics: US and China reach framework for trade deal
Business and markets: US stocks close at record highs ahead of key week
Foreign Affairs: Afghanistan and Pakistan clash at border again
Security and intelligence: Russia tests new nuclear-powered missile
Domestic politics: Powell elected as new Labour Party Deputy Leader
The Mighty Stats
FTSE = 9,645.62 (up 0.7%)
S&P 500 = 6,791.69 (up 0.79%)
Nasdaq = 23,204.87 (up 1.15%)
CAC40 = 8,225.63 (down 0.0018%)
£1 = $1.33 / €1.14
Lab / Con / Reform = 20 / 18 / 30 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The US and China have agreed on the framework for a trade deal. It comes ahead of a meeting between President Trump and President Xi on Thursday.
China has said that its export restrictions on rare earths – which are critical to modern technology – will be delayed for a year.
The US Government, meanwhile, has suggested that a deal has been reached on the Chinese-owned TikTok but without giving further details.
Business and markets: The Dow Jones, S&P500 and Nasdaq closed at record highs on Friday. It follows cooler than expected US inflation (0.3 per cent in September) and the expectation that the US Federal Reserve will again cut interest rates on Wednesday.
This will also be a consequential week for markets because five of the so-called “Magnificent 7” (Amazon, Microsoft, Facebook, Apple and Google) all report their earnings on Wednesday. Their shares dominate the stock indexes.
Foreign Affairs: Afghan and Pakistani forces clashed again yesterday at the border. It comes a day after a meeting in Turkey between the two sides to discuss security issues. The most recent ceasefire between Afghanistan and Pakistan has been in place since the 18th October.
Security and intelligence: Russia announced yesterday that it had successfully tested a new nuclear-powered missile. The “9M730 Burevestnik” missile reportedly travelled 8,700 miles and was in the air for around 15 hours. Russia said the missile had almost unlimited range and President Putin said Russia would now move to deploy the weapon.
Domestic politics: Lucy Powell, was elected by Labour Party members as the Party’s new Deputy Leader on Saturday. Powell has been MP for Manchester Central since 2012 and was previously Leader of the House of Commons. She sacked from that post by the Prime Minister last month.
The Mighty Calendar
What’s happening today?
New Zealand public holiday (Labour Day)
UK Joint Committee on National Security Strategy holds session on China spy case with Cabinet Secretary, Director of Public Prosecutions, and Deputy National Security Adviser
Work and Pensions Questions in UK Parliament
Lookahead to tomorrow
US President Trump meets Japan’s Prime Minister Takaichi
Chancellor Reeves speaks in Saudi Arabia at investment summit
Foreign Office Questions in UK Parliament
Japan CPI inflation data (year-on-year) – expected to increase to 2.1%
Company results from: HSBC, Visa, UnitedHealth, PayPal
The Mighty Finale
🌤️Weather today
Wind and rain in southwest England. Largely dry elsewhere. High of 13C and low of 8C in London. Light rain in Belfast in the afternoon. Sunshine in Edinburgh.
✏️Life coaching quote of the day
“Your life is a result of the choices you have made. If you don’t like your life, start making better choices.” – Zig Ziglar, motivational speaker
Mighty takeaway: The decision to change your situation is yours. Everything, in the end, is your choice. Have the courage to change.
That’s it for this Monday morning. Thanks for reading and we hope that you have a good start to the week.
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 24 October 2025
Oil prices rises over 5 per cent, Europeans create rival to Musk’s Starlink satellites, Met Police arrest three suspected Russian proxies, and more…
*Daylight saving time ends on Sunday. Clocks go back by one hour.*
The Mighty Headlines
Economics: Oil prices rise over 5 per cent after US sanctions on Russia
Business and markets: Europeans create rival to Musk’s Starlink satellites
Foreign affairs: EU leaders fail to agree on €140bn Ukraine reparation loan
Security and intelligence: Met Police arrest three suspected Russian proxies
UK domestic affairs: Resident doctors in England to strike next month
The Mighty Stats
FTSE = 9,578.57 (up 0.67%)
S&P 500 = 6,738.44 (up 0.58%)
Nasdaq = 22,941.80 (up 0.89%)
CAC40 = 8,225.78 (up 0.23%)
£1 = $1.33 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The price of oil rose by 5.6 per cent yesterday to $62 per barrel. It comes after the US administration imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil on Wednesday.
Rosneft produces nearly half of all Russian oil, which constitutes 6 per cent of global oil output.
Business and markets: Airbus, Thales and Leonardo will merge their space and satellite activities in an effort to produce a European rival to Elon Musk’s Starlink satellite programme.
Starlink launched its 10,000th satellite this week and plays a major role in supporting Ukraine’s war effort.
The combined operation of the three European defence giants is expected to employ 25,000 people.
Foreign Affairs: EU leaders have failed to reach agreement on a €140 billion reparation loan for Ukraine. The loan would use frozen Russian assets but has been met with resistance by Belgium. Belgium, which hosts many of the frozen assets, is seeking financial protections against a possible retaliation by Russia.
Security and intelligence: The Metropolitan Police have arrested three people suspected of assisting Russia’s intelligence service. The men are aged 48, 45 and 44 and were arrested at locations in west and central London yesterday. The police have said that the number of proxies recruited by foreign spy agencies is increasing.
Domestic politics: Resident doctors in England will go on strike next month over pay and career progression. The strike will start at 7.00am on the 14th November and end at 7.00am on the 19th November.
The Mighty Calendar
What’s happening today?
80th anniversary of the creation of the UN
Presidential election in the Republic of Ireland
UK retail sales data (September) – growth set to fall from 0.7% to 0.6%
US CPI inflation data (September) – expected to be 3.1%
Company results from: NatWest, General Dynamics, Procter and Gamble
Lookahead to the weekend
Saturday
UK Labour Party Deputy Leader announced
Rugby League Ashes: England vs Australia
Rolex Paris Tennis Masters begins (ends 2 November)
Sunday
British and European daylight saving ends – clocks go back one hour
President Trump visits Malaysia for start of ASEAN summit
Women’s Cricket World Cup: England vs New Zealand
F1 Mexico Grand Prix
The Mighty Finale
🌤️Weather today
Rain in the west of England. Sunny spells in the east but light rain in the late afternoon. High of 12C and low of 8C in London. Sunny spells but rain in the late afternoon in Belfast. Rain for most of the day in Edinburgh.
✏️Life coaching quote of the day
“Vague goals produce vague results.” – Jack Canfield, motivational speaker
Mighty takeaway: Make sure that your goals and ambitions are clearly defined. Put a number and a deadline to them.
That’s it for this morning and for this week. We hope that you enjoy the weekend.
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 22 October 2025
GM shares rise over 14 per cent, Russian crude shipments reach 29-month high, UK and Kosovo’s migrant talks, and more
The Mighty Headlines
Economics: UK Chancellor makes cost of living pledge
Business and markets: GM shares record best day since 2020
Foreign Affairs: Shipments of Russian crude rise to 29-month high
Security and intelligence: Europe shifts away from US on Ukraine’s borders
Domestic politics: UK and Kosovo in talks over “migrant return hub”
The Mighty Stats
FTSE = 9,426.99 (up 0.25%)
S&P 500 = 6,735.35 (up 0.0033%)
Nasdaq = 22,953.67 (down 0.16%)
CAC40 = 8,258.86 (up 0.64%)
£1 = $1.34 / €1.15
Lab / Con / Reform = 20 / 17 / 26 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The UK Chancellor said yesterday that she would take action in November’s Budget to cut household bills and control public spending. The measures could also help bring down interest rates.
Data released today, however, is due to show inflation increasing to 4 per cent in September. This could make a cut in interest rates from the Bank of England less likely.
Business and markets: Shares in General Motors rose by over 14 per cent yesterday and recorded their best performance since 2020.
In Q3, the vehicle manufacturer posted revenue of $48.9 billion and earnings per share of $2.80. Revenue is down on Q3 2024 but is better than had been predicted by analysts.
Foreign Affairs: Shipments of Russian crude oil have risen to a 29-month high. Over the last four weeks, crude from Russian ports reached 3.82 million barrels a day. This is the highest level since May 2023.
The gross value of the country’s crude exports reached $1.5 billion.
China and India remain significant buyers of Russian crude in Asia, with Turkey a significant buyer in Europe.
Security and intelligence: European leaders have signed a statement supporting a ceasefire in Ukraine at the current line of contact, with a view to further negotiation. It contrasts with a statement made by President Trump last week, in which he suggested ending the war at the line of contact to “let both [Ukraine and Russia] claim victory.”
Domestic politics: The UK Government is in talks with Kosovo which would see the country host unsuccessful migrants to the UK. In return for hosting the “migrant return hub”, Kosovo is likely to seek greater security cooperation from the UK to protect it from Russian and Serbian security threats.
The Mighty Calendar
What’s happening today?
UK hosts Berlin Process Summit for Western Balkans leaders
Prime Minister’s Questions in UK Parliament
Renters Rights Bill debate
UK CPI inflation data (September) – expected to rise from 3.8 per cent to 4 per cent
Company results from: Tesla, Barclays, IBM, Heathrow, Heineken, AT&T, General Electric
Lookahead to tomorrow
UN Security Council holds debate on Gaza
European Council Leaders summit, Brussels
Ballot closes on UK Labour Party Deputy Leader election
Cabinet Office Questions in UK Parliament
Eurozone consumer confidence (October) – expected to fall from -14.9 to -15.4
Company results from: Lloyds, Ford, Renault, Intel, Nokia, Hasbro, Unilever, Accor Hotels
The Mighty Finale
🌤️Weather today
Rain in the southwest of England in the afternoon. Largely dry elsewhere in England. High of 15C and low of 10C in London. Sunny spells in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Often the difference between a successful person and a failure is not one's better abilities or ideas, but the courage that one has to bet on one's ideas, to take a calculated risk—and to act.” – André Malraux, writer, French Resistance fighter and politician
Mighty takeaway: Take risks in life and have the courage to make yourself happy.
That’s it for this Wednesday morning. See you on Friday!
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 20 October 2025
France’s credit rating downgraded, Taiwan’s new vocally pro-China opposition leader, Putin’s Donetsk demand, and more…
The Mighty Headlines
Economics: France’s credit rating downgraded due to “policy uncertainty”
Business and markets: FTSE 100 suffers worst day since April
Foreign Affairs: Pro-China politician becomes Taiwan’s opposition leader
Security and intelligence: Putin wants Donetsk in deal with Ukraine
Domestic politics: UK Energy Secretary suggests VAT may be cut on energy bills
The Mighty Stats
FTSE = 9,354.57 (down 0.86%)
S&P 500 = 6,664.01 (up 0.53%)
Nasdaq = 22,679.98 (up 0.52%)
CAC40 = 8,174.20 (down 0.18%)
£1 = $1.34 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: In an unscheduled update, S&P Global has downgraded France’s credit rating.
France’s rating now stands at AA-/A-1+, down from A+/A-1.
S&P Global gave “policy uncertainty” in the country as the reason and explained this would affect investment activity, private consumption and economic growth.
Business and markets: The FTSE 100 had its worst day since April on Friday. It came as concerns about the health of US regional banks, and unease about their bad loans, affected stock markets globally.
Foreign Affairs: Taiwan’s main opposition party, the pro-China Kuomintang (KMT), has elected Cheng Li-wun as its new leader. Cheng is vocally pro-China and is against increased defence spending.
The KMT lost the Presidential election last year but holds the most seats in Parliament, with its ally the Taiwan People’s Party.
The governing Democratic Progressive Party does not favour closer Chinese ties.
Security and intelligence: President Putin reportedly told President Trump last week that Russia wants to keep the Donetsk region of Ukraine but would allow Ukraine to keep Zaporizhzhia and Kherson in return. In an interview aired yesterday, President Trump said that Russia would likely keep the land it had occupied since February 2022.
Domestic politics: The UK Energy Secretary, Ed Miliband, has suggested that the 5 per cent rate of VAT on energy bills could be cut. Such a move could save the average household around £86 a year.
The Mighty Calendar
What’s happening today?
President Trump hosts Australia’s Prime Minister Anthony Albanese
Professor Sir Chris Whitty appears at UK Covid-19 inquiry
Education Questions in UK Parliament
China GDP data (Q3) – expected to increase from 5.2% to 5.4%
Lookahead to tomorrow
Boris Johnson appears at UK Covid-19 inquiry
Sanae Takaichi expected to become Japan’s first female Prime Minister
Health Questions in UK Parliament
Canada CPI inflation data (September) – expected to increase to 2.7%
Company results from: Netflix, Coca-Cola, Lockhead Martin, General Motors
The Mighty Finale
🌤️Weather today
Light rain across most of England. Thundery showers in the southwest. High of 15C and low of 11C in London. Thundery showers in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“There is only one way to happiness and that is to cease worrying about things which are beyond our power or our will.” – Epictetus, Ancient Greek philosopher
Mighty takeaway: Don’t worry about things which are out of your control. To worry in such circumstances is a useless activity.
That’s it for this Monday morning. Thanks for reading and we hope that you have an excellent start to the week.
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 17 October 2025
TSMC profits up 39 per cent, Trump authorises CIA ops in Venezuela, UK MI5 chief focuses on Russia, Iran, China and terrorism threats, and more…
The Mighty Headlines
Economics: UK GDP grows 0.1 per cent in August
Business and markets: TSMC profits up by 39% in Q3 2025
Foreign Affairs: Zelensky to meet Trump at White House today
Security and intelligence: Trump authorises CIA operations in Venezuela
Domestic politics: MI5 issues warning on Russia, Iran, China, and terrorism
The Mighty Stats
FTSE = 9,436.09 (up 0.12%)
S&P 500 = 6,629.07 (down 0.63%)
Nasdaq = 22,562.54 (down 0.47%)
CAC40 = 8,188.59 (up 1.38%)
£1 = $1.34 / €1.15
Lab / Con / Reform: 15 / 17 / 32 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Monthly UK GDP grew 0.1 per cent in August after falling 0.1 per cent in July. Production grew by 0.4 per cent while construction fell by 0.3 per cent and services were flat. The IMF says the UK will be the second-fastest growing economy in the G7 this year after the US.
Business and markets: Computer chip maker TSMC has announced a 39.1 per cent increase in profits in Q3 2025.
Revenue also beat analysts’ estimates, reaching $33.1 billion.
The tech giant is benefitting from the AI boom and is Asia’s largest technology company by market capitalisation.
Foreign Affairs: President Zelensky will meet President Trump at the White House today to discuss access to US missiles and energy support over the winter. In exchange, Ukraine could share its expertise in drone technology and production with the US.
Security and intelligence: President Trump has said that he has authorised the CIA to conduct operations in Venezuela.
The US administration is concerned about the flow of narcotics into the US from the country and about the leadership of President Maduro.
The US has also struck a number of boats near Venezuela in recent weeks which it claims were carrying drugs.
UK domestic affairs: In an annual speech, MI5 chief Sir Ken McCallum, highlighted terror threats in the UK and said threats posed by Russia, Iran and China were escalating.
He said MI5 had disrupted 19 late-stage attacks since 2020.
He also said that the number of individuals investigated for state threat activity – such as espionage, sabotage and arson – had increased by 35 per cent in the last year.
The Mighty Calendar
What’s happening today?
G7 Development Ministers meeting, Washington DC
Daytime Emmy Awards
Eurozone CPI inflation data (September) – expected to stay at 2.2%
Company results from: American Express, Schlumberger
Lookahead to the weekend
Saturday
‘No Kings’ day protests in the US against President Trump
Slovenia hosts summit of Southern European nations (MED9 summit)
British Museum hosts inaugural fundraising ball
Sunday
Women’s Cricket World Cup: England vs India
NFL London series: Los Angeles Rams vs Jacksonville Jaguars
Amsterdam Marathon
F1 United States Grand Prix
The Mighty Finale
🌤️Weather today
Light cloud and dry across England. High of 15C and low of 9C in London. Light cloud in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“People usually judge you based on where you are at currently, not what you could become eventually. Don't let one comment stop you from trying. File it away or use it as fuel. Focus on getting better. Someone else's analysis of your current position doesn't tell you anything about your current potential.” – James Clear, writer
Mighty takeaway: Keep your destination and end goal in mind. Don’t be distracted by other people’s limited view of your abilities.
That’s it for this Friday morning and for this week. Thanks for reading. We hope that enjoy the weekend and we’ll see you on Monday.
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 15 October 2025
US offers $20 billion to Argentina, JP Morgan and Goldman Sachs warn of markets overheating, the army takes over in Madagascar and more…
The Mighty Headlines
Economics: US offers $20 billion to support Argentina
Business and markets: JP Morgan and Goldman CEOs warn of a “bubble”
Foreign Affairs: France’s PM supports reducing retirement age
Security and intelligence: Army in control as Madagascar's president flees
Domestic politics: Pound falls after unemployment rises
The Mighty Stats
FTSE = 9,452.77 (up 0.10%)
S&P 500 = 6,644.31 (down 0.16%)
Nasdaq = 24,579.32 (down 0.69%)
CAC40 = 7,919.62 (down 0.18%)
£1 = $1.33 / €1.15
Lab / Con / Reform= 20 / 17 / 27 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The US Government is offering $20 billion to support Argentina’s economy. The $20 billion swap line will allow Argentina, which has struggled to prop up its falling currency in recent months, to trade Argentine pesos for US dollars. Argentina needs to make $20 billion worth of debt repayments next year.
Business and markets: The CEOs of JP Morgan and Goldman Sachs have warned that the financial markets may be reaching their peak. It comes after investment banking revenue increased by 42 per cent at Goldman Sachs and by 16 per cent at JP Morgan in Q3. JP Morgan’s CEO warned of a “bubble”.
Foreign Affairs: France’s Prime Minister Sébastien Lecornu has said he would support suspending pension reforms which raised the pension age in France from 62 to 64.
It comes ahead of a no-confidence vote in the French Assembly tomorrow for which Lecornu needs the support of opposition parties.
Security and intelligence: Madagascar’s army took control of the country yesterday. It comes after so-called “Gen Z” protests at the weekend and after President Andry Rajoelina fled the country.
Domestic politics: The pound fell yesterday to below $1.33 after UK unemployment increased to its highest level since 2021.
Unemployment rose from 4.7 per cent to 4.8 per cent in the three months to August and has been blamed on the Government’s tax rises.
The Office for National Statistics suggested, however, that falls in employment are now levelling off.
The Mighty Calendar
What’s happening today?
NATO Defence Ministers’ meeting, Brussels
UK and Germany co-host Ukraine Contact Group meeting, Brussels
Prime Minister’s Questions in UK Parliament
Grand Sumo Tournament, Royal Albert Hall, London
China CPI inflation data (September) – expected to fall 0.2%
US CPI inflation data (September) – expected to fall 0.1%
Company results from: ASML, Morgan Stanley, Bank of America, United Airlines
Lookahead to tomorrow
Israel holds National Remembrance Day for October 7th attack
Informal G20 Finance Ministers’, IMF, Washington DC
Culture Questions in UK Parliament
UK GDP growth data (August) – expected to increase 0.1%
Company results from: TSMC, BNY Mellon, Nestle, Whitbread
The Mighty Finale
🌤️Weather today
Cloudy in the east of England. Sunny spells to the west. High of 15C and low of 10C in London. Cloudy in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“Life is either a daring adventure or nothing at all.” – Helen Keller, writer and disability rights activist.
Mighty takeaway: Live life, take risks and try new things!
That’s it for this Wednesday morning.
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 13 October 2025
US and China trade tensions, North Korea’s new ballistic missile, Afghanistan and Pakistan border clashes and more…
The Mighty Headlines
Economics: UK household debt at lowest level since 2002
Business and markets: Trump puts 100% tariffs on China
Foreign Affairs: Afghanistan kills 58 Pakistani soldiers in border clash
Security and intelligence: North Korea unveils new “most powerful” missile
Domestic politics: UK Treasury explores tax rises for those on higher incomes
The Mighty Stats
FTSE = 9,427.47 (down 0.86%)
S&P 500 = 6,552.51 (down 2.71%)
Nasdaq = 22,204.43 (down 3.56%)
CAC40 = 7,918.00 (down 1.53%)
£1 = $1.34 / €1.15
Lab / Con / Reform = 22 / 18 / 32 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Household debt in the UK is at its lowest level since 2002. Debt as a share of household income now stands at just over 117 per cent. It follows a period of spending restraint by UK consumers, which has affected economic growth in the UK.
Business and markets: President Trump has announced additional 100 per cent tariffs on China and exports controls on critical software from the 1st November. It comes after China announced restrictions on rare earth exports, added new port fees on US ships and started a trade investigation into US tech giant Qualcomm.
Foreign Affairs: Afghan forces reportedly killed 58 Pakistani soldiers on Sunday during border clashes. The Pakistan army said that it had “neutralised” more than 200 “Taliban and affiliated terrorists”. Pakistan accuses Afghanistan of harbouring the banned group Tehreek-e-Taliban, which it says carries out attacks in Pakistan.
Security and intelligence: North Korea unveiled a new intercontinental ballistic missile, the Hwasong-20, at a parade in Pyongyang on Friday.
North Korea described it as the “most powerful nuclear strategic weapons system”.
The missile could, however, only be a mock-up because test flights for it have not yet been announced.
Domestic politics: There are reports that the UK Treasury is exploring tax rises for those on higher incomes ahead of the Budget in November. Treasury sources suggests that the Chancellor “would be fair” when asking people to pay more tax. This could mean higher taxes on investments, property and inheritance.
The Mighty Calendar
What’s happening today?
Israeli hostages expected to be released
President Trump due to address Israeli Knesset (Parliament)
Prime Minister Starmer and President Macron in Egypt for signing of the Israel-Gaza peace plan
Nobel Prize for Economics announced
UK Parliament returns with Housing and Communities Questions
China trade data (September) – exports expected to increase 5.2%
Lookahead to tomorrow
World Cup Qualifier: England vs Latvia
Energy Questions in UK Parliament
UK Defence Secretary co-chairs Ukraine meeting in Brussels
UK unemployment rate (August) – expected to stay at 4.7%
Company results from: Wells Fargo, Goldman Sachs, JPMorgan, BlackRock, Citigroup, Johnson & Johnson, Ericsson
The Mighty Finale
🌤️Weather today
Light cloud over most of England but sunny spells in the southwest. High of 17C and low of 12C in London. Sunny spells in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Thoughts are just what is. They appear. They’re innocent. They’re not personal. They’re like the breeze or the leaves on the trees or the raindrops falling.” – Byron Katie, writer
Mighty takeaway: Thoughts are nothing. They only gain meaning because of the way you react to them. How can you react to your thoughts to make yourself happier?
That’s it for this Monday morning. Thanks for reading and we hope you have a good start to the week.
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 10 October 2025
Strikes at Europe’s two largest ports, China’s new curbs on rare earth exports, Russia wipes out 60% of Ukraine’s gas production, and more…
The Mighty Headlines
Economics: Strikes cause delays at Europe’s two biggest ports
Business and markets: Netflix adds video games to TV service for first time
Foreign Affairs: China introduces new curbs on rare earth exports
Security and intelligence: 60% of Ukraine’s gas production wiped out
Domestic politics: UK Gov announces £1.3 billion of new Indian investment
The Mighty Stats
FTSE = 9,509.40 (down 0.41%)
S&P 500 = 6,735.11 (down 0.28%)
Nasdaq = 23,024.62 (down 0.081%)
CAC40 = 8,041.36 (down 0.23%)
£1 = $1.33 / €1.15
Lab / Con / Reform = 20 / 17 / 27 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Strikes at Rotterdam and Antwerp – Europe’s two largest ports – are adding to the significant shipping delays caused by Storm Amy.
Dutch lashers, who secure cargo to ships and handle 17,000 containers a day, are demanding a 7 per cent pay increase.
Harbour pilots at Antwerp are striking over pension reforms.
Business and markets: Netflix is putting video games on its TV platform for the first time as part of its new business strategy. The streaming company is seeking to diversify away from films and TV shows towards “social gaming experiences” with games such as Tetris and Pictionary. Netflix shares increased by 50 per cent in the first half of 2025.
Foreign Affairs: China says it has introduced new restrictions on rare earth exports for use in computer chips and in military applications.
The restrictions are likely be used as leverage in trade talks ahead of a meeting between President Xi and President Trump this month.
China is responsible for 61 per cent of rare earth production and 92 per cent of rare earth processing.
Security and intelligence: There are reports that Russia has wiped out around 60 per cent of Ukraine’s domestic gas production. It follows Russian strikes in Kharkiv and Poltava on the 3rd October. It means that Ukraine is likely to have to spend $2.2 billion on fuel imports this winter.
Domestic politics: The UK Government has announced £1.3 billion of new Indian investment in the UK following the UK Prime Minister’s trip to India this week. Three Bollywood films will also be made in the UK next year and there is a £350 million deal to send UK-made missiles to India.
The Mighty Calendar
What’s happening today?
Nobel Peace Prize announced
G20 Trade Ministers meet in Eastern Cape, South Africa
Company results from: BlackRock, Hays
Lookahead to the weekend
Saturday
SNP conference begins
Cheltenham Literature Festival (75th anniversary)
Sunday
President Trump expected in Egypt to sign Israel-Hamas peace deal
New EU border system comes into force
World Conker Championships, Northamptonshire
NFL London series: Denver Broncos vs New York Jets
The Mighty Finale
🌤️Weather today
Light cloud across much of the UK but sunny spells in Scotland. High of 18C and low of 10C in London.
✏️Life coaching quote of the day
“Whatever you can do or dream you can do, begin it. Boldness has genius, power and magic in it. Begin it now.” – Goethe
Mighty takeaway: Take action on your dreams and goals and don’t delay.
That’s it for this morning. Thanks for reading and we hope that you enjoy the weekend!
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 8 October 2025
Gold reaches $4,000 for first time, French PM’s government deadline this evening, Russia hosts the Taliban and more…
The Mighty Headlines
Economics: WTO increases 2025 trade growth to 2.4%
Business and markets: Gold reaches $4,000 for the first time
Foreign Affairs: French PM has until this evening to form a new Cabinet
Security and intelligence: Russia hosts Taliban government
Domestic politics: Kemi Badenoch to give keynote Conference speech
The Mighty Stats
FTSE = 9,483.58 (up 0.047%)
S&P 500 = 6,714.59 (down 0.38%)
Nasdaq = 22,788.36 (down 0.67%)
CAC40 = 7,974.85 (up 0.039%)
£1 = $1.34 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The World Trade Organisation has increased its forecast for global trade growth this year from 0.9 per cent to 2.4 per cent. It has decreased its forecast for 2026, however, from 1.8 per cent to 0.5 per cent as the “global economy cools” and the impact of tariffs “is finally felt for a full year”.
Business and markets: The price of gold reached $4,000 per ounce for the first time yesterday. The price of gold has increased by over 50 per cent this year. It comes as investors look for protection against inflation and trade uncertainty from changing US tariffs.
Foreign Affairs: President Macron has asked his outgoing Prime Minister, Sébastien Lecornu, to put together a new cabinet by this evening.
Macron’s request has caused some confusion among lawmakers, however, because Lecornu resigned on Monday after failing to receive support for his proposed cabinet.
France is facing a debt crisis with a budget deficit of 5.8% of GDP and a hung parliament that does not want to cut spending.
Security and intelligence: Russia hosted Afghanistan’s Taliban government yesterday. Russia’s Foreign Secretary, Sergei Lavrov, praised the Taliban for combatting the Islamic State group and illegal drugs.
Lavrov also said there should not be any foreign military presence in Afghanistan.
In September, President Trump asked to re-take the Bagram Air Base in the country but the Taliban refused.
Domestic politics: The Conservative Party leader, Kemi Badenoch will give a keynote speech at the party’s conference in Manchester at 11.00am today. This week, the Party promised to enact the following key policies if it forms the next government:
Leave the European Convention on Human Rights
Repeal the Climate Change Act
Eliminate £47 billion from public spending, with £23 billion coming from welfare
The Mighty Calendar
What’s happening today?
Nobel Prize for Chemistry announced
Kemi Badenoch gives speech at Conservative Party conference
European Parliament debates Russia’s violation of the EU’s airspace
Germany industrial production data (August) – expected to fall by 1%
Lookahead to tomorrow
South Korea public holiday (Hangul Day)
Nobel Prize for Literature announced
US Federal Reserve Chair Powell expected to speak
US initial jobless claims (weekly) – expected to increase to 223,000
Company results from: Fast Retailing, PepsiCo, Delta Airlines
The Mighty Finale
🌤️Weather today
High of 17C and low of 7C in London. Light cloud with sunny spells across most of the UK but rain in the morning in the southwest of England.
✏️Life coaching quote of the day
“Putting things off is the biggest waste of life: it snatches away each day as it comes, and denies us the present by promising the future. The greatest obstacle to living is expectancy, which hangs upon tomorrow and loses today.” – Seneca, Ancient Roman philosopher
Mighty takeaway: Live for today, don’t wait for tomorrow.
That’s it for this morning. See you on Friday!
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 6 October 2025
US-Israel-Hamas talks in Egypt today, US strikes narcotics ship near Venezuela, Japan’s likely new female Prime Minister and more…
The Mighty Headlines
Economics: Japan’s next leader to pursue “Abenomics”
Business and markets: Warren Buffett pays $9.7 billion for OxyChem
Foreign Affairs: US strikes alleged narcotics ship near Venezuela
Security and intelligence: US, Israel and Hamas meet in Cairo today
Domestic politics: UK Government to make it easier to stop protests
The Mighty Stats
FTSE = 9,491.25 (up 0.67%)
S&P 500 = 6,715.79 (up 0.0066%)
Nasdaq = 22,780.51 (down 0.28%)
CAC40 = 8,081.54 (up 0.31%)
£1 = $1.35 / €1.15
Lab / Con / Reform: 21 / 16 / 34 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Sanae Takaichi was elected as the leader of the ruling Liberal Democratic Party on Saturday and is set to be Japan’s first female Prime Minister. Takaichi is an advocate of “Abenomics” and will likely pursue looser fiscal and monetary policies – higher spending and cheaper borrowing.
Business and markets: Warren Buffett will pay $9.7 billion to acquire OxyChem, a chemical products manufacturer. The deal could be his last before he retires as CEO of Berkshire Hathaway in December. Buffett is sitting on a cash pile of around $340 billion and has struggled to find worthwhile investments.
Foreign Affairs: On Friday, the US conducted a strike on a vessel near Venezuela which it suspected of carry illegal drugs. The strike happened in international waters and killed four men.
US Defence Secretary, Pete Hegseth, said the people on the ship were “narco-terrorists”.
Drug raids are usually carried out by the US Coast Guard but the US is now deploying its military power in new ways.
Security and intelligence: Negotiators from the US, Israel and Hamas will meet in Cairo today to discuss plans for a ceasefire in Gaza. It comes after Hamas agreed to release all hostages, as per President Trump’s plan, but did not address proposals that it should demilitarise.
Steve Witkoff and Jared Kushner will attend from the US side.
Strategic Affairs Minister Ron Dermer will attend from the Israeli side.
Domestic politics: The UK Government will make it simpler for the police to stop regular protests such as the pro-Palestine marches. The police will be able to consider the “cumulative” effect of protests rather than “one-off” effects. Pro-Palestine marches went ahead at the weekend despite the Government saying they should be paused to respect the Jewish community after the Manchester synagogue attack.
The Mighty Calendar
What’s happening today?
Nobel Prize for Medicine announced
Shadow Chancellor Mel Stride’s speech at Conservative Party conference
Eurozone retail sales data (August) – expected to increase by 0.1%
UK Parliament still in recess
Supermoon phenomenon
Lookahead to tomorrow
Sir Keir Starmer expected to visit India
President Trump meets Canadian PM, Washington DC
Nobel Prize for Physics announced
US trade data (August) – trade deficit set to fall from $78 billion to $61 billion
Company results from: Imperial Brands, Shell
The Mighty Finale
🌤️Weather today
Cloudy and dry across much of the UK but sunny and dry in the southeast of England. High of 20C and low of 10C in London.
✏️Life coaching quote of the day
“What we choose to focus on and what we choose to ignore plays in defining the quality of our life.” – Cal Newport, author
Mighty takeaway: What thoughts can you give more attention to and what thoughts can you put aside to increase the quality of your life?
That’s it for this Monday morning. We hope that you have an excellent start to the week.
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 3 October 2025
Terrorist attack on Manchester synagogue, Open AI becomes world’s most valuable private company, US gives more intelligence to Ukraine to hit Russia…
The Mighty Headlines
Economics: Trump focuses on “Democrat Agencies” as shutdown continues
Business and markets: OpenAI now world’s most valuable private company
Foreign affairs: Hungary blocks Ukraine’s EU accession
Security and intelligence: US gives intelligence for Ukraine to hit Russia
UK domestic affairs: Terrorist attack on Manchester synagogue
The Mighty Stats
FTSE = 9,427.73 (down 0.2%)
S&P 500 = 6,715.35 (up 0.062%)
Nasdaq = 22,844.05 (up 0.39%)
CAC40 = 8,056.63 (up 1.13%)
£1 = $1.34 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: President Trump had said that he will look to cut the budgets of “Democrat Agencies” as the US government shutdown enters its third day today.
Around $1.7 trillion of funds for federal agencies have been frozen following a standoff in congress over the budget.
Around 2 million federal workers have had their pay suspended.
Business and markets: OpenAI, the company behind ChatGPT, is now the world’s most valuable private company. It is worth $500 billion. Elon Musk’s company SpaceX is now the world’s second most valuable private company and is worth $400 billion.
Foreign affairs: The Hungarian Prime Minister, Viktor Orban, has used his veto to block Ukraine’s accession to the EU. Orban also vetoed a €140 billion loan to Ukraine which would have used the frozen assets of the Russian Central Bank. It follows two days of meetings between European leaders in Copenhagen this week.
Security and intelligence: President Trump has signed off on providing intelligence to Ukraine so that it can strike more of Russia’s energy infrastructure.
Targets include refineries, pipelines and power stations.
The US is also considering Ukraine’s request for Tomahawk missiles - long-range subsonic cruise missiles - which can hit targets 700km away.
UK domestic affairs: The attacker in yesterday’s terrorist attack on a synagogue in Manchester has been named by the police as Jihad Al-Shamie, a British citizen of Syrian descent. The UK Prime Minister, Sir Keir Starmer, said in a speech yesterday that the UK must defeat rising antisemitic hate.
The Mighty Calendar
What’s happening today?
30 years since OJ Simpson trial verdict
UK services growth data (September) – expected to fall to 51.9
US services growth data (September) – expected to fall to 53.9
Eurozone services growth data (September) – expected to rise to 51.4
Company results from: JD Wetherspoon
Lookahead to the weekend
Saturday
Germany hosts European Interior Ministers’ meeting
Rugby Championship: Argentina vs. South Africa, Twickenham
Sunday
Conservative Party conference begins, Manchester
OPEC+ meets to decide November oil output
NFL London: Minnesota Vikings vs. Cleveland Browns
F1 Grand Prix, Singapore
Hampstead Heath Conker Championships
The Mighty Finale
🌤️Weather today
Strong winds and heavy rain in most of the UK as Storm Amy arrives. Light winds and light rain in southeast England. High of 18C and low of 13C in London.
✏️Life coaching quote of the day
“People rarely succeed unless they have fun in what they are doing.” – Dale Carnegie, motivational writer and speaker
Mighty takeaway: Maximise your happiness and enjoyment in life. What’s the point in doing otherwise?
That’s it for this Friday and for this week. Thank you for reading and we’ll see you next week.
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 1 October 2025
Afghanistan shuts down the internet, UN Security Council sends troops to Haiti, London falls behind Mexico and Oman for stock market listings, and more…
The Mighty Headlines
Economics: China’s manufacturing falls for 6 months consecutively
Business and markets: London stock market falls out of top 20 for IPOs
Foreign Affairs: Taliban shutdowns the internet in Afghanistan
Security and intelligence: UN Security Council sends troops to Haiti
Domestic politics: Rachel Reeves set to scrap two-child benefit cap
The Mighty Stats
FTSE = 9,350.43 (up 0.54%)
S&P 500 = 6,688.46 (up 0.41%)
Nasdaq = 22,660.01 (up 0.3%)
CAC40 = 7,895.94 (up 0.19%)
£1 = $1.34 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Chinese manufacturing activity has fallen for a sixth consecutive month. This is the longest sustained fall since 2019. Uncertainty about US trade and slow domestic demand are thought to have contributed to the decline.
Business and markets: London has fallen out of the top 20 places for IPOs according to a Bloomberg league table. Initial Public Offerings – the term for when a company goes public – fell by 69 per cent this year in London to $248 million. It is the smallest number in over 35 years and puts London behind Mexico and Oman.
Foreign Affairs: Internet services have been shut down in Afghanistan and the shutdown is set to last indefinitely.
The Taliban Government says it has been cutting fibre-optic cables recent weeks in an attempt to improve morality in the country.
The move has affected services across the country, with flights grounded at Kabul International Airport.
Security and intelligence: The UN Security Council has agreed for troops to be sent to Haiti, which is struggling with severe gang-related violence. Laurent Saint-Cyr, who runs the Haitian Transitional Presidential Council, called his country “a contemporary Guernica” and “a human tragedy on America’s doorstep”.
Domestic politics: There are reports that the Chancellor of the Exchequer will abandon the two-child benefit cap at the budget in November.
The policy was introduced in April 2017 and limits child benefits to two children per family for children born after April 2017.
Scrapping the policy could cost around £3.5 billion.
The Mighty Calendar
What’s happening today?
Hong Kong and China public holidays (national days)
Yom Kippur (holiest holiday in the Jewish calendar)
Deputy Leadership candidate hustings at Labour Party conference
Pink Ladies protests in London (anti-immigration protest)
Eurozone inflation data (September) – expected to remain at 2.3%
Lookahead to tomorrow
India public holiday (to celebrate the birth of Gandhi)
European Political Community Summit, Denmark
Eurozone unemployment data (August) – expected to remain at 6.2%
US initial jobless claims (weekly) – expected to increase to 229,000
Company results from: Tesco
The Mighty Finale
🌤️Weather today
Dry with sunny spells in the south. Light rain in the north. High of 18C and low of 9C in London. Light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“The only way to develop true confidence is to earn it.
The confidence that you can bounce back from failure is earned by working through previous failures.
The confidence that you can deliver the speech is earned by the previous speeches you have given.
The confidence that you can perform on game day is earned by the previous performances in practice.
In the beginning, you need enough courage to practice even though it may not go very well. And over time, as your skills improve, courage transforms into confidence. Courage first, confidence later.” – James Clear, writer
Mighty takeaway: You may not feel confident the first time you do something, but keep pushing yourself. You will progress and become more confident.
That’s it for this Wednesday morning. Thanks for reading and take those courageous first steps!
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 29 September 2025
Videogame maker EA goes private in $50 billion deal, US Government shutdown talks, UN reinstates sanctions against Iran and more…
The Mighty Headlines
Economics: Chancellor gives speech at Labour Party conference today
Business and markets: Videogame maker EA goes private in $50 billion deal
Foreign Affairs: White House meeting to avoid US Government shutdown
Security and intelligence: UN reinstates nuclear sanctions against Iran
Domestic politics: UK PM says Reform’s policies are “racist” and “immoral”
The Mighty Stats
FTSE = 9,284.83 (up 0.77%)
S&P 500 = 6,643.70 (up 0.59%)
Nasdaq = 22,484.07 (up 0.44%)
CAC40 = 7,870.68 (up 0.97%)
£1 = $1.34 / €1.15
Lab / Con / Reform: 22 / 17 / 32 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The Chancellor of the Exchequer, Rachel Reeves, will give her keynote speech at the Labour Party conference today.
Despite pressure from some in her party, Reeves recently spoke out against borrowing more money.
She said the Government was already spending more on debt interest than on the Ministry of Defence, the Home Office and the Ministry of Justice combined.
Business and markets: Videogame maker, Electronic Arts (EA), is set to go private and be taken off the stock market in a $50 billion private equity deal. Investors include Silver Lake, Saudi Arabia’s Public Investment Fund, and Affinity Partners – run by President Trump’s son-in-law Jared Kushner. The deal will be the largest leverage buyout in history.
Foreign Affairs: President Trump will meet four congressional leaders today to try to avert a government shut down at midnight tomorrow.
The federal government will shut down if a spending package is not agreed for the coming year.
Although it has a majority in congress, the US government needs at least seven Democratic Senators to vote for its spending package.
Security and intelligence: The UN Security Council has voted to reinstate sanctions against Iran over its nuclear programme. A resolution put forward by China and Russia to delay the sanctions was rejected. The sanctions include a ban on uranium enrichment and an arms embargo.
Domestic politics: The UK Prime Minister said that the policies of Reform UK, which is leading the opinion polls, are “racist” and “immoral”. The Prime Minister was referring to Reform’s policy proposal of getting rid of indefinite leave to remain for migrants. Reform also says it will get rid of dual citizenship for migrants and ban benefits for non-UK citizens.
The Mighty Calendar
What’s happening today?
President Trump hosts Israeli Prime Minister at the White House
Rachel Reeves speaks at Labour Party conference
UK Parliament still in recess
China manufacturing growth data (September) – expected to remain in contraction with a PMI of 49.9
Lookahead to tomorrow
Sir Keir Starmer speaks at Labour Party conference
Germany inflation data (September) – expected to rise from 2.2% to 2.3%
US consumer confidence (August) – expected to fall from 97.4 to 95
Company results from: Close Brothers, Nike
The Mighty Finale
🌤️Weather today
Mostly dry with sunny spells across the UK. High of 19C and low of 9C in London.
✏️Life coaching quote of the day
“The knowledge that you can handle anything that comes your way is the key to allowing yourself to take healthy, life-affirming risks.” – Susan Jeffers, motivational writer
Mighty takeaway: Have confidence in yourself and your abilities!
That’s it for this superb Monday morning. Thank you for reading, trust in yourself and we hope you have an excellent start to the week!
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Friday 26 September 202
US economy grows at fastest rate in two years, UK bond market troubles, Moldova’s election and more…
The Mighty Headlines
Economics: US economy grew at fastest rate in two years in Q2
Business and markets: Bond investors’ warning about Andy Burnham
Foreign Affairs: Concerns about Moldova ahead of parliamentary election
Security and intelligence: Zelensky says Russian officials could be targets
Domestic politics: Digital ID scheme to be proposed in the UK
The Mighty Stats
FTSE = 9,213.98 (down 0.39%)
S&P 500 = 6,604.72 (down 0.5%)
Nasdaq = 22,384.70 (down 0.5%)
CAC40 = 7,795.42 (down 0.41%)
£1 = $1.33 / €1.14
Lab / Con / Reform: 17 / 14 / 33 per cent
*United Nations General Assembly update: The UK Prime Minister Sir Keir Starmer addresses the UN today as does Israel’s Prime Minister Benjamin Netanyahu. Tomorrow, Russia’s Foreign Minister, Sergey Lavrov, will address the UN.*
The Mighty Detail
Economics: The US economy grew at its fastest pace in nearly two years in Q2 2025. The revised figures suggest annual GDP growth of 3.8 per cent.
It comes off the back of strong consumer spending and business investment.
There are signs, however, of a slowdown after Q2. The US Federal Reserve cut interest rates last week because of slow jobs growth.
Business and markets: Investors are warning that the Mayor of Greater Manchester’s spending plans could “spook” the bond markets.
Andy Burnham, who has Prime Ministerial ambitions, said he would borrow £40 billion to build more council homes and invest in infrastructure projects.
The UK Government bond market is already fragile. A sale of UK Government debt this week was met with the weakest demand in two years.
Foreign Affairs: The Speaker of Moldova’s Parliament has warned that Parliamentary elections on Sunday could re-orientate the country’s relations towards the EU or Russia. It comes after Moldova’s pro-EU Prime Minister said on Wednesday that Russia was spending hundreds of millions of euros to influence the election.
Security and intelligence: President Zelensky said yesterday that senior Russian officials could become the target of military strikes. Earlier this year, the UK, US, France and Germany lifted range restrictions on the weapons they provided to Ukraine so that they could reach deeper into Russia.
Domestic politics: The UK’s Prime Minister, Sir Keir Starmer is expected to outline plans today to introduce a compulsory UK-wide digital ID scheme. There are suggestions that the ID scheme would help to verify people’s right to live and work in the UK and tackle illegal migration.
The Mighty Calendar
What’s happening today?
UK Prime Minister address UN General Assembly
Israel’s Prime Minister addresses UN General Assembly
NATO Defence Chiefs meet in Brussels
Portrait of King Charles unveiled at the Scottish Parliament
Ryder Cup (golf) begins
Lookahead to the weekend
Saturday
Russian Foreign Minister addresses the UN General Assembly
Women’s Rugby World Cup final
Sunday
Parliamentary elections in Moldova
Labour Party conference begins in Liverpool
Ryder Cup (golf) final round
British Open (snooker) final
The Mighty Finale
🌤️Weather today
Light cloud in the east of England. Bright sunshine in the southwest. High of 16C and low of 8C in London. Bright sunshine in Belfast. Sunny intervals in Edinburgh.
✏️Life coaching quotes of the day
1. “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most importantly, have the courage to follow your heart and intuition.” – Steve Jobs, entrepreneur
2. “Nothing can bring you peace but yourself.” – Ralph Wado Emmerson, writer
Mighty takeaway: You have two quotes today to think about over the weekend! Firstly, live your life and your dreams – not someone else’s – life’s too short. Secondly, don’t look for outside factors – people, possessions, things – to bring you peace. Find peace with yourself.
That’s it for this morning. We hope that you enjoy the weekend!
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Wednesday 24 September 2025
UK inflation warnings, Nvidia shares fall after Open AI deal, Slovakia protests and more…
The Mighty Headlines
Economics: OECD and Bank of England warn about UK inflation
Business and markets: Nvidia shares fall 3% after deal with OpenAI
Foreign Affairs: Protests in Slovakia over pro-Russian PM and budget cuts
Security and intelligence: US says NATO should shoot down Russian planes
Domestic politics: Liberal Democrats drop flagship Net Zero policy
The Mighty Stats
FTSE = 9,223.32 (down 0.036%)
S&P 500 = 6,656.92 (down 0.55%)
Nasdaq = 22,573.47 (down 0.95%)
CAC40 = 7,893.35 (up 0.81%)
£1 = $1.35 / €1.15
Lab / Con / Reform: 21 / 16 / 29 per cent
*UN General Assembly update: The UN General Assembly takes place this week. For information on President Trump’s speech yesterday, please see the White House’s key takeaways here. President Zelensky will speak later today. The UK’s Prime Minister Starmer and Israel’s Prime Minister Netanyahu are both scheduled to speak on Friday.*
The Mighty Detail
Economics: The OECD and the Bank of England have both warned about inflation in the UK.
The OECD forecasts that inflation in the UK will be 3.5 per cent in 2025 – the highest in the G7.
The Bank of England’s Chief Economist said that higher taxes, changes to immigration, Brexit and worklessness could lead to “more lasting” inflation in the UK. He also added, however, that he was more comfortable about inflation now than earlier in the year.
Business and markets: Shares in Nvidia fell by 3 per cent a day after the company announced a $100 billion investment deal with OpenAI. It is being reported that investors are concerned about a dot-com style bubble and whether there will be enough energy in the future to power the AI ambitions of the two companies.
Foreign Affairs: There were nationwide protests in Slovakia yesterday against the Government’s pro-Russia stance and budget proposals designed to tackle the country high budget deficit.
Proposed budget measures include higher taxes and higher VAT on some food.
It follows similar large-scale protests in the country last week.
Security and intelligence: President Trump has said that NATO members should shoot down Russian military aircraft which enters their airspace. The US Secretary of State made a similar statement earlier in the day. It follows two weeks of Russian incursions into eastern Europe by drones and airplanes.
Domestic politics: The UK Liberal Democrat Party has dropped its flagship Net Zero policy which would have seen the UK reach Net Zero by 2045. It has now aligned itself with the Labour Government’s 2050 target.
The Mighty Calendar
What’s happening today?
President Zelensky addresses UN General Assembly
Iran’s President Pezeshkian address UN General Assembly
Barack Obama in conversation at the O2, London
US new homes sales data (August) – expected to fall 3%
Company results from: JD Sports Fashion
Lookahead to tomorrow
Verdict on Nicolas Sarkozy’s court case about allegedly receiving campaign funds from Muammar Gaddafi
Hearing at High Court on Palestine Action
US initial jobless claims (weekly) – expected to rise from 231,000 to 238,000
Company results from: H&M, Costco, Blackberry
The Mighty Finale
🌤️Weather today
Bright sunshine in the southeast of England. Light cloud elsewhere. High of 18C and low of 9C in London. Light cloud in Belfast and Edinburgh too.
✏️Life coaching quote of the day
“To let go does not mean to get rid of. To let go means to let be.” — Jack Kornfield. – Buddhist monk and writer
Mighty takeaway: What thoughts are you holding onto that would serve you better if you let go of them?
That’s it for this Wednesday morning. Thanks for reading!
Cheerio!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*
Monday 22 September 2025
Italy’s credit rating, Russian military planes in the Baltic, Ig Nobel prize for striped cows and more…
The Mighty Headlines
Economics: Fitch upgrades Italy’s credit rating, downgrades France
Business and markets: Berkshire Hathaway exits BYD
Foreign Affairs: Japanese scientists win Ig Nobel prize for painted cows
Security and intelligence: German fighter jets intercept Russian jets
Domestic politics: UK recognises a Palestinian state
The Mighty Stats
FTSE = 9,216.67 (down 0.12%)
S&P 500 = 6,664.36 (up 0.49%)
Nasdaq = 22,631.48 (up 0.72%)
CAC40 = 7,853.59 (down 0.013%)
£1 = $1.35 / €1.15
Lab / Con / Reform: 22 / 17 / 31 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: Credit rating agency Fitch has upgraded Italy’s credit rating for the first time since 2021.
It is based on Italy’s fiscal performance and stable political environment under Prime Minister Meloni.
France, by contrast, has had its credit rating downgraded to its lowest level on record because of a lack of a plan on the country’s debt.
Business and markets: Berkshire Hathaway has exited its position in Chinese carmaker BYD. Warren Buffet and Charlie Munger bought 225 million shares in BYD for $230 million in 2008. At the time, Munger had said that BYD and its CEO were a “miracle”. Since then, the stock has increased by around 3890 per cent.
Foreign Affairs: A team of Japanese scientists has won the Ig Nobel prize for its research on whether cows painted with zebra stripes can avoid being bitten by flies.
The Ig Nobel prize is a take on the Nobel Prize and rewards amusing but potentially important research.
The Japanese scientists’ work did find that zebra stripes on cows reduce fly bites. This could result in fewer pesticides being used to kill flies in the future.
Security and intelligence: German Eurofighter jets were scrambled yesterday to intercept two Russian military aircraft above the Baltic Sea.
It comes after three Russian fighter jets entered Estonian airspace on Friday and Russian drones flew into Poland and Romania last weekend.
Domestic politics: The UK Government, along with Canada and Australia, have formally recognised a Palestinian state. The Prime Minister says the move would keep alive “the possibility of peace”. Israel’s Prime Minister Netanyahu said it was a “reward for terrorism”.
The Mighty Calendar
What’s happening today?
Rosh Hashanah begins (Jewish new year)
Eurozone consumer confidence (September)
UK Parliament in recess
Lookahead to tomorrow
Japan public holiday (autumn equinox)
President Trump addresses the UN General Assembly
Sir Ed Davey gives speech at Liberal Democrat party conference
Booker Prize shortlist announced
UK manufacturing growth data (September) – expected to rise from 47 to 49
UK services growth data (September) – expected to fall from 54.7 to 51.7
Company results from: Raspberry Pi, Kingfisher, Smiths Group
The Mighty Finale
🌤️Weather today
Sunny across England. High of 16C and low of 5C in London. Light cloud in Belfast and Edinburgh.
✏️Life coaching quote of the day
“If you are going to be a winner, you have to acknowledge the truth—it is you who took the actions, thought the thoughts, created the feelings, and made the choices that got you to where you now are. It was you!” – Jack Canfield, motivational writer
Mighty takeaway: Where you are today is the result of the thoughts you had and actions you took in the past. Where you are tomorrow is the result of the thoughts you have and actions you take today.
That’s it for this Monday morning. Thanks for reading and we hope you have a great week!
Adios!
The Mighty Memo team
Friday 19 September 2025
Bank of England interest rate, Nvidia’s $5 billion investment in Intel, alleged Russian spies arrested in UK and more…
The Mighty Headlines
Economics: Bank of England keeps interest rate at 4 per cent
Business and markets: Nvidia invests $5 billion in rival Intel
Foreign Affairs: Workers create new tunnel 4,600ft beneath the Alps
Security and intelligence: Met Police arrest three alleged Russian spies
Domestic politics: UK Commons Speaker asks about private prosecution for alleged Chinese spies
The Mighty Stats
FTSE = 9,228.11 (up 0.21%)
S&P 500 = 6,631.96 (up 0.48%)
Nasdaq = 22,470.72 (up 0.94%)
CAC40 = 7,854.61 (up 0.87%)
£1 = $1.36 / €1.15
Lab / Con / Reform: 16 / 16 / 34 per cent
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The Bank of England held interest rates steady at 4 per cent yesterday. It comes after inflation stood at 3.8 per cent in August – almost double the target – and followed five rounds of interest cuts since summer 2024.
Business and markets: AI chipmaker Nvidia is to invest $5 billion in its rival Intel. It comes after the US Government took a 10 per cent stake in Intel last month. Intel will help Nvidia makes chips in the US rather than overseas.
Intel shares rose by nearly 25 per cent following the news.
Nvidia is the world’s most valuable company and is worth over $4 trillion.
Foreign Affairs: Workers broke through a final piece of rock yesterday creating a new tunnel 4,600 feet beneath the Alps. The Brenner Base Tunnel between Italy and Austria will facilitate a new high-speed railway connecting northern and southern Europe. It is set to open in 2032, although the project is currently 16 years behind schedule.
Security and intelligence: The Metropolitan Police arrested three people yesterday on suspicion of spying for Russia. The two men and a woman are aged between 35 and 46.
The Head of the UK’s Counter Terrorism Command said that the UK was seeing an increasing number of proxies who were being recruited by foreign spy agencies.
Domestic politics: It is being reported that the Speaker of the House of Commons, Sir Lindsay Hoyle, is seeing whether a private prosecution can be brought against two men who were accused last year of spying for China. The case against the men – one of whom was a parliamentary researcher – was dropped earlier this week, after the Crown Prosecution Service said it would not offer evidence against them.
The Mighty Calendar
What’s happening today?
Democratic Unionist Party conference begins
200m final at World Athletic Championships, Tokyo
UK retail sales decision (August) – expected to fall 0.5%
Bank of Japan interest rate decision – expected to remain at 0.5%
Lookahead to the weekend
Saturday
Liberal Democrat Party conference begins
Russia hosts “Intervision” Song Contest (alternative to Eurovision)
Great River Race (London River Marathon)
Sunday
Former French PM Michel Barnier contests by-election in Paris
F1 Azerbaijan Grand Prix
Berlin Marathon
The Mighty Finale
🌤️Weather today
Bright and sunny in the southeast of England. Light cloud elsewhere. High of 25C and low of 13C in London. A chance of light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Stay close to people who feel like sunlight.” - Misty Copeland, ballet dancer
Mighty takeaway: Don’t associate with people who drag you down. What’s the point? Stick with people who empower you.
That’s it for this morning. Thanks for reading and we hope that you enjoy the weekend.
Bye!
The Mighty Memo team