Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Iran War: Iran Rejects Trump 24 Hour Ultimatum; US Launches Intense Attacks With Kuwait and Bahrain; Iran Closes Strait of Hormuz, Starts Counter-Strikes; Rumors of Mining of Oman Channel
Today's Iran war news: It looks as if a full-bore war, now over control of the Strait of Hormuz, is on.
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Is the Strait of Hormuz still Iran's trump card?
Iran's latest attacks show it can easily disrupt shipping, energy markets and draw in Gulf neighbors. DW asks how much leverage Te…
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IMF upgrades UK growth forecast as fears over impact of Iran war diminish
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary …
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Trump’s policy mayhem is making even the Maga faithful consider walking away
Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic trouble…
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Half of Americans struggle to afford groceries and gas, exclusive poll finds
About 57% of polled Americans also believe economy is worsening in grim portrait of cost of living crisis, according to Harris sur…
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Gas Stations Gain When Oil Prices Start to Drop
President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.
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US economy added fewer jobs than expected in June as World Cup fails to boost hiring – as it happened
US non-farm payrolls only increased by 57,000 in June, but unemployment rate fell Just in: Default rates on UK credit cards have r…
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Trump Accounts to Receive $250 Million Donation From Chip Maker Micron
President Trump said the U.S. chip maker would make a significant donation to a new type of investment account created by the admi…
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Latest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure
The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve…
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US declines to renew USMCA trade pact with Mexico, Canada
Lengthy negotiations are expected as the Trump administration seeks changes to a trade deal with Mexico and Canada that has stream…
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U.S. Declines to Renew USMCA Trade Deal, Starting 10-Year Clock to Expiration
The Trump administration said Wednesday it would not immediately request to renew the North American trade agreement, leaving busi…
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Digital euro: The plan to Trump-proof the EU's economies
The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving co…
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Trump Threatens to Impose 100% Tariff on European Countries Over Tech Taxes
The president claimed the tariffs would override a trade deal with the European Union, which European officials finalized just day…
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Americans Are Feeling Better About the Economy, Consumer Survey Shows
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.
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Bayer: Why so many Roundup weedkiller lawsuits?
Bayer was sued for failing to add cancer warnings to its controversial pesticide Roundup when US regulators opposed adding one. DW…
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As Chinese Tech Pulls Ahead, U.S. Fears It Will Become Dependent
Chinese firms have some of the world’s most advanced technology. But U.S. officials say relying on it could come with a downside.
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Trump offers Iran an economic lifeline — with strings
Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen a…
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The man who knew, but didn't say: Alan Greenspan (1926-2026)
Alan Greenspan’s reputation as head of the US Federal Reserve was legendary — not least because of his reputation for convoluted s…
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How Deal With U.S. Could Reconnect Iran to the Global Economy
The country has long faced some of the world’s heaviest sanctions. The lifting of restrictions could open new vistas on trade and …
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Can Europe build its own AI heavyweights to rival the US?
With AI dominated by US firms, Europe is pushing for more independence. New partnerships, investments and startups aim to boost th…
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US curbs Anthropic AI access, raising global concerns
The Trump administration has restricted foreign access to Anthropic's latest AI models over security fears, forcing a global shutd…
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Elon Musk becomes world's first trillionaire after SpaceX IPO
SpaceX floated on the Nasdaq stock exchange on Friday, with shares trading 25% above the opening price at one point. The IPO has m…