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Search results: “Economy”

12 stories found

Public financesDEVELOPING

Chancellor John Healey to portray UK economy as 'turning a corner' and unveil £150m northern fund

Chancellor John Healey will present an upbeat account of the UK economy as 'turning a corner' in a Monday speech and announce a £150m fund for firms in the north of England. The fund, drawn from British Business Bank allocations, will invest between £5m and £15m; Healey's Budget is set for 28 October.

  • Chancellor John Healey will portray the economy as 'turning a corner' and unveil a £150m fund for the north of England.
  • The fund will come from money already allocated to the British Business Bank and invest between £5m and £15m in firms.
1 sources93% confidence
BBC Business
PoliticsDEVELOPING

Trump bars CNN, MSNBC and Politico from White House access citing 'fiction and lies'

U.S. President Donald Trump said he has barred CNN, MSNBC and Politico from White House access. He described their reporting as 'fiction and lies' and warned other news organizations could face similar restrictions.

  • Donald Trump said he has barred CNN, MSNBC and Politico from White House access.
  • He described their reporting as "fiction and lies."
2 sources91% confidence
Le Monde Economy
Data infrastructureDEVELOPING

Five Etrechet elected officials resign over Google plan for large data centre

Five elected officials in the village of Etrechet resigned in protest against Google's plan to build a large data centre. The officials said they felt "powerless" in the face of the American company's plans.

  • Five elected officials in Etrechet resigned over Google's plan for a large data centre.
  • The officials said they felt "powerless" against the American company’s plans.
1 sources91% confidence
Le Monde Economy
EconomyDEVELOPING

Andy Burnham warns of 'difficult decisions' for 28 October budget as UK inflation rises to 3.1%

UK inflation rose from 2.9% in July to 3.1% in August, driven mainly by higher fuel costs. Prime Minister Andy Burnham said the 28 October budget will involve “difficult decisions” as the government considers the fiscal impact of the Middle East conflict.

  • UK inflation rose from 2.9% in July to 3.1% in August, mainly driven by higher fuel costs.
  • Prime Minister Andy Burnham said the 28 October budget will involve “difficult decisions” because of the fiscal impact of the Middle East conflict.
1 sources91% confidence
The Guardian Business
EconomyDEVELOPING

Russian economist Andrei Yakovlev on fuel shortages and price spikes ahead of Sept 18–20 elections

Exiled economist Andrei Yakovlev said that ahead of the Sept 18–20 elections fuel in many Russian regions is either unavailable or sold at two to three times the price seen in major cities. Yakovlev is now a researcher in Berlin and was formerly a professor at Moscow's Higher School of Economics.

  • Yakovlev: in many areas gasoline is either unavailable or two to three times more expensive than in major cities.
  • Remarks were made days before the elections scheduled for Sept 18–20.
1 sources91% confidence
Le Monde Economy
EconomyDEVELOPING

US inflation steady at 3.4% in August — higher fuel costs strain households

US consumer prices rose 3.4% year-on-year in August, unchanged from July, official BLS data show. Rising gasoline and diesel costs — including an average diesel price topping $6 per gallon on Friday — are squeezing household budgets and increasing market bets on a Fed rate hike next week.

  • US inflation stood at 3.4% year-on-year in August, unchanged from July.
  • Gasoline rose 3.9% in August, contributing more than a third of monthly inflation.
1 sources93% confidence
BBC Business
Business politicsDEVELOPING

Mario Draghi still shapes EU agenda: 79-year-old ex-ECB president wields influence without office

Former European Central Bank president Mario Draghi, 79, holds no official position but continues to influence EU politics. He maintains contact with political leaders, business executives and financial markets while remaining elusive and deliberately secretive.

  • Mario Draghi, 79, holds no official office yet remains central to EU politics.
  • He maintains contacts with political leaders, business executives and financial markets.
1 sources91% confidence
Le Monde Economy
MMODEVELOPING

Guild Wars 3 shows action-style combat — works at small groups, not traditional raid scale

Arenanet revealed Guild Wars 3's action-oriented combat with free movement, momentum-based attacks and player combos. Developers say the design began in 2015 and aims for a visceral action feel; they also note the system doesn't function the same way at traditional large-scale raid sizes.

  • Arenanet showed Guild Wars 3 combat with free movement and falling-momentum attacks that increase damage.
  • Demo sequences included wall-running, gliding and player combos such as using a raised shield to launch an ally.
1 sources84% confidence
Rock Paper Shotgun
trade policyCORROBORATED

Canada imposes counter-tariffs on US goods: measures cover nearly C$28bn, up to 50%

Canada implemented retaliatory tariffs on a range of US goods on Tuesday. The measures target nearly C$28bn of American products with rates between 15% and 50%; fresh fish and lobster were later removed from the list after industry pushback.

  • Canada imposed counter-tariffs covering nearly C$28bn of US goods.
  • Tariff rates range from 15% to 50%; 50% applies to items including milk, steel, aluminium, golf clubs and certain clothing.
4 sources93% confidence
BBC World
financeDEVELOPING

Bond-market instability: US 10-year yield at 4.8% and global knock-on effects

Over the past fortnight government bond markets in major economies have been volatile, with the US 10-year Treasury yield rising to 4.8%. The move coincides with US government debt topping $40tn, inflation worries after renewed Middle East hostilities, and large borrowing by major AI hyperscalers.

  • US 10-year Treasury yield hit 4.8% on Friday; 30-year yields reached highs not seen since 2008.
  • Total US government debt has passed $40tn, with deficits forecast around 6% of GDP.
1 sources91% confidence
The Guardian Business