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Oxfam warns Trump policies risk driving inequality to new heights – but Democrats have also exacerbated wealth gapThe collective wealth of the top 10 US billionaires has soared by $698bn in the past year, according to a new report from Oxfam America pu…
The US high court will hear arguments on whether Trump’s erratic imposition of global tariffs is legally validDonald Trump thrives on emergencies. He cried havoc on the very first day of his second term, declaring a national emergency caused by an “inv…
Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free tradeThe Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundation…
Key deposit rate kept at 2% even as recovery starts to drive up price growth across blocBusiness live – latest updatesThe European Central Bank kept interest rates on hold on Thursday for the third meeting in a row despite concerns that a modest econom…
Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the pound to its lowest level against …
Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffsThe US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government…
The RBA has long anticipated a rebound in the headline inflation rate, driven by the rolling expiry of generous household power bill subsidiesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podc…
Rachel Reeves faces bigger-than-expected hit in 26 November budget from revised OBR forecastBusiness live – latest updatesRachel Reeves will have to account for a bigger-than-expected £20bn hit to the UK public finances in next month’s budget, increasi…
Five ways the chancellor could mitigate a UK inflation rate that is harming households – and Labour’s vote shareUK politics live – latest updatesAfter more than three years of the cost of living crisis, Rachel Reeves is well aware of the harm inflation…
While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowingDonald Trump is on course to push US debt levels above those of Italy and Greece by the end of the …