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Sunday newspaper round-up: Ireland, US credit rating, Trump

(Sharecast News) - Should Brussels fail to clinch a trade deal with the US, then Ireland's economy could either lose - or fail to create - 25,000 jobs as the White House looks to prompt US tech and pharma companies back home. The warning followed Dublin's decision to cut its growth forecasts for 2025 and 2026. A prolonged trade war meanwhile could see growth slow by a third in 2026 relative to previous expectations and fall below 2%. - The Sunday Telegraph Credit rating agency Moody's decision to strip the United States of its triple-A credit rating - the highest possible - could add to the pressure on US debt this week. The agency also warned about the country's increasing debt load and widening budget deficit. Moody's was however only the last of the big three agencies to cut its rating on US debt. The decision came as lawmakers in Washington blocked Donald Trump's attempt to pass a bill that would have cut taxes. - Guardian

The US President's greed is being displayed out in the open this time around, says Matthew Dallek, a political historian at George Washington University. Donald Trump has clinched many deals for the US and its companies during his Middle East tour. However, so too have his sons, who have inked agreements for a Trump-branded hotel in Dubai, a high-end residential tower in Saudi Arabia and a golf course in Qatar. His son-in-law, meanwhile, has secured $3.5bn-worth of investments for a new private equity fund from Saudi Arabia, Qatar and the UAE. - The Financial Mail on Sunday

Gordon Brothers is among the frontrunners to acquire besieged retailer Poundland for a pound, a source close to the matter has revealed. The bids for Poundland from turnaround investors are expected on Tuesday, sources said. Among the other interested parties are Modella Capital, Alteri, Hilco Capital and Endless. - The Sunday Times

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(Sharecast News) - Andy Burnham moved to calm volatile bond markets on Wednesday as surging borrowing costs threatened to wreck plans for his government's crucial first budget next month. After a days-long sell-off of government bonds - and with the chancellor, John Healey, facing the prospect of sharply reduced spending power, Burnham used his first appearance at prime minister's questions to promise decisions would be "grounded in fiscal responsibility". - Guardian
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(Sharecast News) - The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said. Healey resigned from Keir Starmer's government in June, protesting against what he argued was the then prime minister's failure to adequately fund defence. - Guardian
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(Sharecast News) - A house near a top state secondary school costs an extra £40,000 on average, according to research that reveals education premiums that rank alongside some private school fees. The average property in a postcode district that includes a top 50 state secondary commands a price tag of £415,791, compared with £375,217 across the wider local authority areas in which those schools are located, a UK-wide analysis by the estate agent Yopa found. - Guardian
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(Sharecast News) - A clampdown on "rogue bailiffs" has been launched by Andy Burnham amid concerns that vulnerable people are being overcharged and face aggressive behaviour. In the latest in a series of "everyday fixes" to ease the cost of living and "make Britain fairer", the prime minister said he was strengthening the rules that apply to bailiffs in England and Wales to better protect people in debt. He also announced measures to target "cowboy" tradespeople, including builders who rip off homeowners. - Guardian

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