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Consumer sentiment still remains at historically low levels amid Iran war and rising inflation, new survey showsEasing gas prices are making Americans feel better about their personal finances and the economy in June, but consumer sentiment remains at …
Starmer shows no will to pursue the main options for rising commitments: spending cuts, tax rises or borrowingWhen Keir Starmer wanted to promise Donald Trump that the UK would increase defence spending, he decided to fund it by slashing the UK’s aid b…
Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekendBusiness live – latest updatesGlobal oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to re…
GDP hit by higher energy prices caused by Middle East conflict, after 3% rise in MarchThe UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show.As energy prices have risen as a result of the conf…
European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next springBusiness live – latest updatesThe European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation ca…
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesDonald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecu…
National average gas price stands at about $4.16 per gallon as Americans grapple with price hikes sparked by the warDonald Trump has claimed US fuel prices are “not very high, relatively speaking” as his administration grapples with affordability conce…
Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitmentUK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the economy and higher cost…
Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weatherMinisters have been accused of being complacent about the risks to vital supplies of food into the UK amid concerns over fuel shortages, c…
A long trade war looms. Trump’s scattershot protectionism, chaotic tariffs and belligerence against our natural allies guarantees that US trade policy will remain a hot messWe are in for a long trade war.In the months since “Liberation Day” last year, …