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In first assessment since pandemic in 2020, World Bank urges other countries to step up supportExtreme poverty is accelerating in 39 countries affected by war and conflict, leaving more than a billion people to go hungry, according to the World Bank.Ci…
European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US leviesThe European pharmaceutical industry has urged Brussels not to retaliate if Donald Trump brings in threatened tariffs on imported drugs…
China confirms details amid efforts to end trade war but reiterates it will continue to approve export permitsThe US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stoc…
European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffsThe European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all optio…
Data shows 16.1% jump as Bank of England suggests influx of cheaper goods could bear down on inflation Chinese exports to the UK jumped in May, according to data from Beijing, raising the prospect of a flood of cut-price goods as firms look for alterna…
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ worldBusiness live – latest updatesThe Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that furthe…
Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community unionBusiness live – latest updatesSteel trade unions have said it is “absolutely vital” that the UK rapidly secures a deal to protect the sector from Dona…
US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecastBusiness live – latest updatesThe UK’s economic growth will be slower than expected this year and next as the damage caused by Donald Trump’s tariff war…
Morocco’s commercial centre has brought investment to the continent – but critics say it masks domestic inequalityFor centuries, Casablanca was a significant trading hub for merchants from across the breadth of the Atlantic coast, given its geographica…
Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’Donald Trump has indicated there has been progress in US trade talks with the EU, helping send share prices rising on Wall Street, after he…