Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Oil prices jump as Hormuz, Red Sea crises deepen
Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once…
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US-China AI rivalry heats up as Chinese models gain ground
China's AI platforms are rapidly closing the gap with their US counterparts, prompting fresh threats from the Trump administration…
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Oil Near $100 as Houthi Blockade Threatens Saudi Red Sea Exports
Ansar Allah attacks on Saudi tankers have pushed crude prices toward $100 a barrel, exposing a critical vulnerability in global en…
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Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live
Live, rolling coverage of business, economics and financial markets as government says it will review reliefs for ‘anti-social’ bu…
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Satyajit Das: Book Essay: “At the Risk of Being Pedantic…?”
The pedantic might relish that their vice can be a bit slippery to pin down.
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Trump Administration Plans to Stick With Tariffs, Trade Representative Says
Jamieson Greer, the president’s top trade negotiator, told the Senate that the United States remained intent on tariffs as it prep…
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RBA survey reveals public fails to grasp rate hike impact
A new Reserve Bank of Australia survey shows most citizens wrongly believe rate hikes fuel inflation, a knowledge gap that threate…
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Trump’s 50% Tariffs on Canada: What to Know, and What’s Next
The president said punishing 50 percent tariffs would begin by Aug. 19, a significant escalation of the trade war between Canada a…
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Iran War: Iran Rumored to Be Readying Big Attacks as Trump Vows More Escalation and Rubio Disses Talks; Brent Rises to $94 a Barrel as Hormuz Transits Fall, Ships Turn Away from Bab el-Mandeb; Hegseth Fried in Iran Hearings
Today's Iran war news: How the US is clearly losing military as pressures are rising on the economic and political fronts.
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Will surge in German business bankruptcies hit growth?
Company insolvencies in Germany are rising sharply. Is this a sign of deeper economic weakness, or just a market correction that c…
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Laredo’s Future Rides on Trump’s Next Trade Move
The economy of Laredo, Texas, has boomed under the president’s global tariffs. Now, his demands may threaten its success.
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UK inflation drops to 2.6%, easing BoE rate hike fears
A sharper-than-expected drop in UK inflation reduces immediate pressure on the Bank of England to raise interest rates, though ana…
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Oil surges on US-Iran war, doubling RBA rate hike probability
A full-scale US-Iran conflict has driven Brent crude up 23% in two weeks, doubling market expectations for a Reserve Bank of Austr…
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Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over.
The president’s new tariffs on a top U.S. trading partner aim at gaining concessions, but the Canadian government, and the public,…
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Iran War: Washington Post, Telegraph Confirm US Inability to Sustain War; Ansar Allah Closes Bab el-Mandeb Amid Reports of MBS Dethronement; Possibility of Nuclear Attack on Pickaxe Mountain
Today's Iran war news: As the US becomes weaker and Iran gets stronger, will the US resort to a nuclear bomb?
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Why young people are struggling to find entry-level jobs
Young people in much of the world face growing competition for entry-level jobs as graduate numbers rise, hiring slows and AI-driv…
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Why the youth jobs crisis is becoming global
Young people in much of the world face growing competition for entry-level jobs as graduate numbers rise, hiring slows and AI-driv…
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Dimon threatens £3bn London HQ over UK bank tax hikes
JP Morgan's chief executive has warned that raising taxes on banks could jeopardise the firm's planned £3bn London headquarters, h…
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UK job vacancies fall to 712,000 as private sector wage growth cools
UK job vacancies have plummeted to 712,000 and wage growth unexpectedly cooled, easing inflation pressure for the Bank of England …
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UK June borrowing undershoots forecast as Burnham unveils VAT cut
Lower-than-expected UK public borrowing in June provides limited relief for the new Burnham government as it balances market jitte…
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Burnham cuts electricity VAT as UK borrowing falls
New UK Prime Minister Andy Burnham has removed VAT from household electricity bills to ease living costs, a limited fiscal interve…
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UK academics propose £10bn annual wealth tax targeting super-rich households
A new study by economists suggests a targeted two percent wealth tax on the UK's richest families could generate £10 billion annua…
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US imposes 50% tariffs on most Canadian goods
Washington is slapping a 50% duty on most Canadian imports, threatening to disrupt integrated supply chains and push US inflation …
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Trump to Impose 50% Tariff on Many Canadian Goods
The administration will use an untested legal provision to put significant duties on Canadian exports, reigniting a clash with one…