Friday 19 September 2025

Written By Mighty Memo

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

 

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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

Mighty Memo
Next

Wednesday 17 September 2025