Roula Khalaf, Editor of the FT, curates her top stories in the Unlock the Editor’s Digest, a weekly newsletter. More than 10,000 UK civil service jobs are set to be cut in a bid to achieve savings of 5 per cent across departments, with ministers considering voluntary redundancy programs. The spending review led by chancellor Rachel Reeves aims to reduce the overall civil service headcount, emphasizing productivity gains and the use of AI to streamline tasks and avoid compulsory redundancies.
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Bitcoin rises close to $94,000 as the crypto rally continues
Bitcoin's trading momentum continues, nearing $94,000 on Wednesday morning, amid a strong stock market rally. This surge is attributed to some investors diverting funds from stocks into gold and cryptocurrencies, resulting in significant price increases for both assets. The ongoing shift in investment strategy highlights a growing interest in alternative assets as traditional markets fluctuate. Full Article
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