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In today’s newsletter: More than one-fifth of ‘austerity-generation’ British children live in poverty. Our social policy editor talks about the damage done and the way forwardThe austerity years cast a long shadow over Britain. In the wake of the 2008 …
Consumer spending on travel is down for the first time in five years while card spending edges up in MarchUK consumers have cut back on travel spending for the first time in five years, as they worry about the rising cost of living amid the Iran war.Ov…
US president’s previous threat to block strait of Hormuz had led to a 6.9% increase in earlier tradingExplainer: strait of Hormuz blockadeOil prices have fallen back after briefly rising to above $100 a barrel as Donald Trump claimed Iran had made cont…
‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growthMore than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to …
‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growthMore than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to …
Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in Persian gulfMiddle East crisis live – latest updatesThe failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert fo…
President’s proposed budget slashes health department by 12% while throwing $1.5tn – a 42% increase – to the militaryAmericans are dying in droves. Deaths due to avoidable causes in the United States –which could be dealt with via prevention or proper …
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation soared in March amid the US-Israel war with Iran, with prices …
Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standardsBusiness live – latest updatesThe head of the International Monetary Fund has warned that the Iran war will permanently scar…
Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channelA plunge in the oil price, stock market rally and renewed hopes for the global economic outlook. After the announcement of a two-week ceasefire …