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It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at homeThere are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excite…
While better-than-expected data for November offers hope for UK economy, clouds remain on the horizon• UK economy grew by better-than-expected despite budget uncertainty• Business live – latest updates• UK politics live – latest updatesAt the end of la…
Jaguar Land Rover’s recovery from cyber-attack appears to have contributed to GDP growthBusiness live – latest updatesThe UK economy grew by a stronger-than-expected 0.3% in November despite uncertainty around Rachel Reeves’s budget, official figures s…
Greater scope for interest rate cuts and reduced fears about government finances prompt bond yields to fallUK borrowing costs have dropped to their lowest level in more than a year, as investors were encouraged by more stable government finances and th…
Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashionBeleaguered high-end department store conglomerate Saks Global filed for bankruptcy protection on Tuesday, a month after missing the deadline on a $100m interes…
In speech, president delivers triumph assessment, claiming US prices are down despite official data showing otherwiseDonald Trump claimed victory on the economy after 12 months back in office on Tuesday, declaring it to be the “greatest first year in h…
Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report saysBusiness live – latest updatesA quarter of countries in the developing world are poorer than they were in 2019 before the Covid pandemic, the Worl…
Consumer price index rose 2.7% in year to December, in line with November, as president feuds with Fed over rate cutsUS politics live – latest updatesUS inflation held firm last month as Donald Trump faces mounting pressure over the cost of living for …
Nine governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is criticalBusiness live – latest updatesGlobal central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federa…
Sales of clothes and computers fall, but discount supermarkets Aldi and Lidl enjoy bumper tradingRetailers suffered a “drab Christmas”, ending the year with disappointing sales in their most important month, according to new data underlining the diffic…