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Exclusive: Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banksBanks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last chance of st…
High wages and a tight labor market powered consumer spending, leading to GDP growth of 4.9%The US economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, ag…
On Thursday protesters chanted: ‘Off fossil finance!’ and held a banner reading: ‘Fed Is Burning: Money, Futures, Planet’The Federal Reserve chair, Jerome Powell, was escorted out of an event Thursday afternoon after a group of climate protesters brief…
Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figuresPrice growth held steady in the United States last month as the Federal Reserve mulls the next stage of its battle against inflation.The c…
Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check findsBusiness live – latest updatesThe Bank of England will need to keep interest rates high into 2024 as the UK struggles with a combination of weaker growt…
Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook marketsBusiness live – latest updatesBritain’s long-term cost of borrowing has hit its highest level since 1998, as political instabil…
After David Brooks posted a photo of his burger and whiskey, many pointed out the cost of the drink probably pushed up the tabIn a social media post that would prove (ironically) costly, the conservative New York Times columnist David Brooks complained…
Conference fails to approve procedural motion to take up defense spending bill as government shutdown loomsThe House Republican speaker, Kevin McCarthy, was dealt his second humiliating defeat of the week on Thursday, when his conference again failed t…
Republican-controlled House and Democratic-led Senate have until start of October to avoid shutdownWith a possible partial US government shutdown looming in two weeks, Kevin McCarthy on Sunday said he would bring a defense spending bill to a vote “win …
Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both partiesAmericans do not trust the government’s economic news – or the media’s reporting of it – according to a Harris poll conducted exc…