Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Why investors are fleeing one of Asia's biggest economies
Indonesia's status as an emerging economy could be downgraded over populist President Prabowo Subianto's huge spending projects. W…
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Why investors are suddenly fleeing Indonesia
Indonesia, one of Asia's biggest economies, risks losing its emerging-market status as President Prabowo Subianto's spending plans…
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Why Indonesia's economy is under pressure
Southeast Asia's largest economy risks losing its emerging-market status as President Prabowo Subianto's spending plans rattle mar…
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McFadden signals UK welfare overhaul to curb benefit costs
The UK government is preparing a structural overhaul of disability and youth welfare to curb a spiralling benefits bill, a move wi…
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Australia outlines AI standards to shape tech investment
Prime Minister Anthony Albanese is establishing national AI standards and centralized government control to manage the technology'…
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Arms Control Erosion Drives Spending on Verification Tech
The structural collapse of traditional arms control treaties is permanently expanding military budgets across new technological do…
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White House Cheers Inflation Data While Iran War Sparks New Price Surge
The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy…
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Trump forced to refund billions in tariffs – The Latest
The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs…
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Inflation Slowed During Pause in War With Iran
The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier …
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Warsh Reiterates Fed’s Pledge to Get Inflation Down
Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to t…
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The Fed’s new chairman is asking for advice.
Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the …
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Warsh to Reiterate Fed’s Pledge to Get Inflation Down
Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to t…
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US-Iran strikes push oil higher, revive ECB and BoE rate hike bets
A third night of US military strikes against Iran drove energy prices sharply higher, forcing investors to abandon expectations of…
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Hormuz Blockade Returns as Iran Strikes US Fleet and Tankers
The US and Iran have abandoned economic incentives for a direct punishment strategy in the Strait of Hormuz, threatening global oi…
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Will the Bank of England Ever Give Venezuela Its Gold Back?
It's already been more than seven years since the UK confiscated Venezuela's gold reserves, which have since more than doubled in …
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China’s monthly car exports top 1m for first time as overall trade soars
Country risks new tariffs from US and EU as it looks likely to match or beat last year’s record surplus of $1tn Business live – la…
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Flawed metrics inflate US productivity as European industry contracts
Economist James Galbraith argues that widely cited US productivity advantages over Europe are statistical artifacts, masking a rea…
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North Sea oil lobby urges Burnham to clear Jackdaw gas project
Offshore Energies UK and trade unions are lobbying the incoming prime minister to approve key drilling projects as Britain grapple…
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World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
Despite spending increase in June, Barclays says most people still pessimistic about economy Relentless sunshine and the World Cup…
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Strait of Hormuz closed as US and Iran exchange heaviest strikes yet
Iran's closure of the Strait of Hormuz and the subsequent exchange of the most intense military strikes since a nominal ceasefire …
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Lidl owner's €11bn cloud bet challenges US tech dominance
The Schwarz Group, Europe's largest retailer, is pouring €11 billion into a sovereign cloud and AI infrastructure to break the con…
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Commercial Vessels Abandon US-Backed Hormuz Corridor for Iran Route
Tankers are bypassing the US-backed Omani shipping lane in the Strait of Hormuz to use Iran's route instead, cementing Tehran's le…
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Developing countries spend more repaying foreign debt than on education, UN reveals
Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans Most developin…
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AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects
AI dominated the Fed’s meeting as a driver of “persistent inflationary pressures” and demand growth.