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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Germany's richest man takes on Big Tech
Dieter Schwarz made his fortune from supermarkets, becoming Germany's wealthiest person. Now he wants to take on Google, Microsoft…
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Iran War: Conflicting Reports on Momentary Pause – Restart of Talks or Iran Readying Big Strike? Russia Diesel Export Halt and Qatar LNG Pullback Increase Energy Pressure
Today's Iran war news: Information fog is thick –yet more peace deal happy talk as underlying disputes fester and energy stresses …
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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.
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Oasis reunion helps draw record 25m ‘music tourists’ to UK concerts
Gigs by Gallagher brothers, Coldplay, Lana Del Rey and Beyonce gives £11bn boost to the economy Big name artists including Oasis w…
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Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public serv…
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Invest in Britain or I’ll force you to, minister tells pension funds
Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success The business secretary, Pe…
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Are German companies leaving the country?
Should I stay or should I go? Given Germany's high cost and sluggish growth, some business leaders are mulling relocating, or at l…
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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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UK Treasury yet to do due diligence on finding extra money for defence
How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs told The Treasury has …
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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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Almost no progress made on UK regional household income divide in 30 years, report finds
Despite promises of successive governments, gap between richest and poorest areas consistent since 1997 Britain’s deep regional in…
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Recession off the cards but Australia faces dreary outlook, economists say
De-escalation of war in the Middle East has lowered oil prices and eased fears of economic downturn but households are still feeli…
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Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’ Policymakers must…
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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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‘New direction, same old problems’: the economic challenges facing Andy Burnham | Richard Partington
Blair met good fortune when he assumed office, others such as Wilson faced tougher times. The PM-presumptive will start firmly on …
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Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham
Nicholas Stern joins growing number backing Miliband, saying he has vision and experience to revive economy A former chief economi…
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We can debate the ethics of AI but can’t seem to change course | Letters
Readers respond to the profile of Iason Gabriel, a philosopher and research scientist at Google DeepMind The Guardian’s profile of…
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UK service sector shrinks amid Iran war disruption and heatwave; FTSE 100 hits four-month closing high – business live
Rolling coverage of the latest economic and financial news Today’s UK Service PMI report (which polls purchasing managers from acr…
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Far-right AfD threatens eastern Germany's energy transition
Germany's far-right AfD wants to revive coal and nuclear power and curb non-EU immigration. Businesses in eastern Germany warn tha…
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Sick leave: Germany rising but not the worst in Europe
Sick leave in Germany has hit a new record, with workers taking an average of nearly 20 days off per year. As Chancellor Merz crac…