Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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American Oligarchs Sell the Ground Out From Underneath Their Own Feet
Their "Arsenal of Democracy” is breaking down (a good thing!); too bad it doesn’t mean redirecting social capital toward social ne…
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UK hospitality's World Cup boost fails to mask structural margin crunch
A temporary surge in beer sales during the World Cup highlights the deep financial distress of the UK pub sector, where a quarter …
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Modest US rate rise unlikely to dent small business credit
A potential 25-basis-point interest rate hike under the new Fed chair will have negligible impact on mainstream small business bor…
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Sotheby's Sells T. Rex Fossil for Record $50.1 Million
A T. rex fossil sold for $50.1 million at Sotheby's, underscoring how soaring prices are turning prehistoric relics into luxury as…
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Restoring Britain’s health to 2014 levels could add 2% to GDP, thinktank says
Health Foundation paper argues health is an economic asset and improving it could generate £72bn for public finances Restoring the…
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Burnham inherits tight UK finances despite costly growth agenda
Andy Burnham has become UK prime minister with an ambitious spending programme, but strict fiscal rules and a £100bn annual debt b…
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Stablecoin push into US banking system stirs systemic risk fears
The passage of the Genius Act and a concurrent rollback of enforcement have integrated private stablecoins into the US banking sys…
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As Argentina Celebrates World Cup Revenge Vs. England, Milei Is Literally Auctioning Off His Country
Whatever one might say about the 2026 World Cup, it has been eventful. Controversial, yes, downright dystopian at times, and quite…
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How AI and satellites help fight wildfires
Wildfires are currently raging in Europe, Canada, and elsewhere. To successfully fight these fires, speed is essential. Early dete…
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Gulf exporters turn to pipelines as Hormuz risks grow
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran …
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Iran's oil supply threat extends beyond Strait of Hormuz
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran …
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Iran strikes Bahrain refinery, widens Gulf energy threat
A US campaign targeting Iranian civilian infrastructure has drawn retaliation against Gulf energy assets, threatening critical oil…
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Pound gains as Mahmood edges ahead for UK chancellor
Shabana Mahmood's likely appointment as UK chancellor has reassured bond markets and manufacturers wary of Ed Miliband's net zero …
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US slaps 25% tariffs on Brazil with election looming
The US will impose a 25% tariff on most imports from Brazil starting later this month. It's the first action in the Trump administ…
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US Crude Stocks Fall as Hormuz Disruption Risks $200 Oil
Ongoing Strait of Hormuz disruptions and a Russian diesel export ban are tightening US fuel supplies, pushing end-user costs above…
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Making Mahmood chancellor shows Burnham ‘subservient to City’, Greens’ Polanski says – UK politics live
Green leader claims expected appointment shows new PM ‘won’t challenge the power of the bankers, or tax their wealth’ Zack Polansk…
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Europe's €12trn savings glut stalls AI catch-up
Europe risks repeating its IT-era economic stagnation as fragmented capital markets trap €12 trillion in household savings away fr…
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Central bank buying drives gold to $4,500, sparking $8,000 debate
Gold has surged above $4,500 an ounce, driven by aggressive sovereign buying, sparking a deep divide among analysts over whether t…
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UK GDP edges up 0.1% in May amid Iran war shock
The UK economy showed unexpected resilience in May, but surging oil prices and sectoral weakness threaten the incoming government'…
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Trump Administration to Impose New Tariffs on Brazil
The United States accused the country of unfair trade practices. The tariff will replace ones that the Supreme Court struck down.
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War Risk for Businesses Will Mean Higher Prices No Matter What Happens
Doing business in a more dangerous and unpredictable world will cost more, pushing up the price of everything from food to electro…
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Iran War: Trump TACOs on Strait of Hormuz Fee as Blockade Starts but Again Threatens to Attack Iran Energy and Critical Infrastructure as Iran Warns of Closure of Bab el-Mandeb, Destruction of Gulf State Energy Production
Today's Iran war news: Trump's continued ferocity is way out of line compared to what the US can achieve. So what might transpire?
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China's economy grows 4.3% in Q2, dragged down by weak domestic demand
China's second-quarter growth fell short of government targets at 4.3%, exposing a dangerous reliance on exports as domestic inves…
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OECD tells UK to scrap triple lock pensions for fiscal space
The OECD has urged the incoming UK government to abandon the expensive triple-lock pension guarantee to free up fiscal space as de…