Elon Musk has not been invited to this year’s UK International Investment Summit following controversial social media posts about the UK riots in August. The summit aims to attract more spending to the UK and show that the country is “open for business” under a new government. Musk’s comments about detainment camps on the Falkland Islands for rioters led to his exclusion from the event. The European Bank for Reconstruction and Development has also cut its growth forecast for Ukraine, citing Russian attacks on its energy infrastructure. This has forced Ukraine to rely on more expensive imports, impacting economic growth. The EBRD warns that Europe is struggling with higher energy prices and a lack of investment, putting a strain on economic growth. The bank revised down its growth expectations for this year and next year, highlighting the need for increased investment across all EU nations. Several key events, including reports on German consumer sentiment and US GDP, as well as speeches by ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell, are scheduled for the day ahead.
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