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The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spotGet our breaking news email, free app or daily news podcastThe economy slowed sharply in early 202…
Unions had demanded 6% pay increase for lowest paid after war in Middle East pushed inflation higherFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAbout 100,000 of the country’s lowest p…
Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s electionsFor such an uncannily successful politician, Donald Trump exhibits a perplexing political myopia. His most recent own-goal was endorsi…
People with coeliac disease say inflation and shrinking ranges are making food staples unaffordableGluten-free versions of everyday staples such as bread and biscuits are becoming a luxury, with shoppers complaining that a “decent” small loaf now costs…
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysBusiness live – latest updatesThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and…
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsUS inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing econ…
Industry figures warn of national security risk and call for ministers to address impact of extreme weather, inflation and Iran warBritain is “sleepwalking into a food crisis” caused by extreme weather, inflation and the impacts of the Iran war – and t…
Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflictHigher prices could persist over the summer even if ceasefire talks between the US and Iran bear fruit, consumers have been warned, with e…
Prewar US gas prices averaged about $3 a gallon nationally – kiss that number goodbye for 2026Sorry, US drivers, but don’t expect pump prices to return to prewar levels any time soon, even if the US and Iran agree to a lasting peace deal tomorrow.As th…
The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bnBusiness live – latest updatesThe UK borrowed more than expected in April as high inflation drove up the cost of pensions and benefits, am…