Here’s why Donald Trump paused his attacks against Iran
President Donald Trump paused his attacks against Iran after 13 consecutive days of intense strikes as top advisors warned about the fading stockpiles of key defense munitions and the impact…
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Category: Business
How Wall Street’s AI boom is becoming the Fed’s next inflation problem
“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s June meeting…
UK retail sales rebound 1% in June, beating expectations
British retail sales rebounded unexpectedly in June, with shoppers increasing their spending on air conditioning and clothing. The rise added to signs of stronger economic activity during warmer weather and…
Explained: Trump’s new tariffs on 60 trading partners after Supreme Court setback
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking…
CAC 40, FTSE MIB, IBEX 35, DAX indices on edge as bond yields soar ahead of ECB
European markets retreated today, July 23, as traders waited for the European Central Bank (ECB) decision and reacted to some important corporate earnings from the region. In Germany, the DAX…
ECB leaves rates unchanged as energy prices add to inflation uncertainty
The European Central Bank kept borrowing costs unchanged on Thursday as policymakers assessed the potential impact of rising energy prices linked to a widening conflict in the Middle East. The…
From pubs to power bills: Burnham pushes cost-of-living relief amid funding questions
Newly appointed UK Prime Minister Andy Burnham has begun rolling out the first wave of his economic agenda, announcing a series of measures aimed at easing cost-of-living pressures for households…
UK inflation just delivered a surprise, but the real shock comes next
UK inflation cooled more than expected in June, offering households and the Bank of England a welcome pause before renewed energy pressure begins feeding through to prices. The consumer price…