Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Brent crude nears $90 on Hormuz risk as Tui misses profit targets
Escalating maritime threats and stalled diplomatic negotiations have pushed Brent crude toward $90 a barrel, forcing Europe’s larg…
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Coffee Break: Armed Madhouse – The Iran War, China, and the Future of Sea Power
The Iran war exposed a potential weakness in the architecture of American sea power. Precision strike can threaten the forward bas…
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Is the Recent Explosion in Sports Gambling Another Sign of US Imperial Decline?
Since the Supreme Court's 2018 decision to overturn the federal ban on sports gambling, the response from punters has been beyond …
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Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central b…
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US unexpectedly lost 23,000 jobs in July as slump in growth continues
Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1% Business live – latest updat…
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Trump orders new 15% tariff on key material for solar panels and microchips
Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer Donald …
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Trump Issues Tariffs on Key Ingredient for Electronics and Solar Panels
The administration will impose a minimum import price for polysilicon, a key component for semiconductors and solar panels, as wel…
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Most Americans view rising living costs as biggest barrier to a better life, survey finds
When asked to detail what would make a better life in three to five years, 60% of US adults said greater financial security Americ…
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How Malta Became a Tax Haven for Crocs and Other U.S. Companies
The Mediterranean archipelago is a hot destination for U.S. companies seeking to shield profits from income taxes.
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Iran War: US Again Fabricates Talks On, “Deal Is Nigh” As Reuters Reports Even Greater Weapons Depletion; Iran Debunks Media Reports on Oman Negotiations v. “Opening”
Today's Iran war news: Disappointingly, more commentators are repeating Trump bogosity as the weapons and real economy crunch wors…
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Trump administration has paid back 60% of $165bn in tariff refunds
Government has so far returned $100bn to companies that paid levies US supreme court ruled illegal Business live – latest updates …
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Bank battle: history suggests Burnham faces fight if he opts for windfall tax
As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households It has been a stellar w…
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U.S. Trade Deficit Dips in June as Imports Fall Back
Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.
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Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter
Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic steward It must feel strange…
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US Intervenes to Prop Up Japanese Yen Amid Worries About Possible Large Sales of Treasuries to Buy Yen, Carry Trade Unwind
On the US intervention to push up the yen, including some wee corrections of misperceptions.
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A Currency Trader at Heart, Bessent Bets on Japan’s Yen
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
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UK manufacturing growth picks up as Trump tariff chaos eases
Factories in upbeat mood despite fears over economic impact of US war on Iran, poll finds Business live – latest updates UK manufa…
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Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes
Brent crude drops by 5% after US president said talks on Middle East peace deal would resume Business live – latest updates Crude …
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Yen hits three-month high after Trump helps prop up currency
US and Japanese governments confirm they carried out a rare joint intervention late last week Why has Trump stepped in to prop up …
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Trump’s hypocritical new tariffs are a chance for the world to fight back | Joseph Stiglitz
The president’s pretext of stopping forced labour is only a ruse – he is trying to grab a share of global trade for the US Here he…
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Humanoid robots: Trump's latest China trade battle?
The US has banned foreign-made humanoid robots — a market dominated by Chinese tech firms. Although Washington cited national secu…
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Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Res…
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Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
The yield on government bonds, which underpins borrowing costs from mortgages to business loans, remained elevated over concerns a…
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Trump’s Tariff Exemptions Include Diamonds, Oil and Gas, Copper and Other Items
A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.