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The Latest Breaking News from Economy

China’s Rare Earth Curbs Could Trigger $6.5 Trillion Supply Shock for Industries From EVs to Weapons Systems, IEA Warns

China’s rare earth export controls could expose $6.5 trillion of production outside the country to supply shocks, the International Energy Agency warned on Thursday, highlighting how small volumes of strategic minerals can threaten large parts of the global economy.

Benzinga

India proposes CAFE-III norms to tighten fuel efficiency standards for passenger vehicles

New fuel economy standards for passenger vehicles are proposed by the Ministry of Power. These Corporate Average Fuel Economy-III norms will apply from 2027-28 to 2031-32. Carmakers must meet fleet-wide fuel efficiency targets under the proposed rules. The aim is to improve fuel efficiency and lower vehicle emissions across India.

The Economic Times

Burnham must learn from Starmer’s mistakes: Labour was elected to transform the economy, not just stabilise it

Devolution, tax, the EU and immigration: these are all opportunities for growth if Burnham abandons the excessive caution of the past few years, says economist Jonathan Portes

The Guardian - UK

From analysis to the latest developments in health,
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Economic anchor or climate catastrophe? How HVO project could shape Hunter's future

Hundreds turn out to voice their views about the massive Hunter Valley Operations continuation project.

Newcastle Herald

UK economy returned to growth in May driven by services sector

IN FULL

The Independent UK

Global growth set to slow to 2.5% and India 'will lose a step too': Moody's Analytics

Moody's Analytics expects global growth to slow to 2.5% in 2026, saying India too "will lose a step" amid a broader moderation in activity. The report said the AI boom has prevented a steeper downturn but warned that geopolitical tensions, trade frictions and inflation continue to pose downside risks to…

The Economic Times

Government brings British Steel under public ownership; oil price rises to $85 as US-Iran tensions escalate – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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UK economy ekes out growth in May amid Iran war pressures

Growth has been pulling back sharply after a much better than expected start to the year

The Independent UK

UK economy returns to growth in May despite Iran pressures – with Andy Burnham warned over what’s next

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

The Independent UK

UK economy eked out growth in May amid Iran war pressures

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

Evening Standard

UK economy grew by 0.1% in May despite impact of Iran war

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show

The Guardian - UK

I drove the BMW XM Label and Audi RS Q8 for a week — here’s the only one I'd recommend

I put the 2026 BMW XM Label and 2026 Audi RS Q8 to the test for a week each to find out which performance luxury SUV is worth splurging on.

Tom’s Guide

US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

The Trump administration is imposing 25% tariffs on imports from Brazil after finding a range of what the U.S. deemed unfair trade practices by the world’s 10th-biggest economy

The Independent UK

Gold steady as Mideast escalation tempers easing inflation optimism

Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China's economy expanded…

The Economic Times

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The Economic Times

Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warns

Global economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating conflict and its impact on energy shipments. Commercial shipping has sharply declined after vessels came under attack and blockades. The International Energy Agency warns of significant vulnerability for developing nations. The…

International Business Times UK

China's GDP Growth Slows to 4.3% in Second Quarter as Iran War Hits Oil Prices

China's economy grew by 4.3% in Q2 2026, the slowest since 2022, due to the Iran war's impact on oil prices and weak domestic spending, despite a surge in exports.

Barchart

What IBM’s Weak Report Reveals About the Market

IBM’s weak preliminary report isn’t a sign of AI slowing but a leading indicator of the second wave of AI. Traditional enterprises are shifting budgets from software to hardware, proving that AI adoption has spread from Big Tech to the wider economy.

Kiplinger

How to Fight the Annoyance Economy

Hidden fees, customer service snafus and other financial hassles cost Americans an estimated $165 billion a year.

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news in one place.

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The Independent UK

United Airlines rolling out first-of-its-kind perk in the US: empty middle seat

This innovative configuration will initially be available in a single row of United's Economy Plus section

The Guardian - UK

Maltese politicians ‘involved’ in plot to kill Daphne Caruana Galizia, court hears

Former economy minister Chris Cardona and ex-chief of staff Keith Schembri named as being involved in 2017 murder of journalist

The Economic Times

Jump on this bandwagon: India’s ethanol push gathers speed as it transforms energy security and rural economy

Ethanol, a renewable biofuel, has become integral to India's transport fuel strategy. India achieved ten percent blending ahead of schedule in 2022 and is expanding its use. This program has generated significant payments for farmers and reduced crude oil imports. Flex-fuel vehicles and expanded retail infrastructure are key to the…

Euronews

Can common debt fix Europe’s growth problem? MEPs debate in The Ring

In this week’s episode of The Ring, EU lawmakers Markus Ferber and Pasquale Tridico clash over whether common debt is the answer to Europe's stagnant economy and weakened competitiveness.

International Business Times

China's Economy Just Posted Its Slowest Growth Since 2022. Experts Say Beijing May Need a Stimulus Push

According to data released Wednesday by China's National Bureau of Statistics, gross domestic product expanded 4.3% between April and June compared with a year earlier.

Ballotpedia

SEC chairman suggests no-action pause could continue

In this week’s edition of Economy and Society:

Benzinga

Optimism on the Economy Is at a Record: Confidence in AI Capex Is Not

One of the most bullish investor surveys on record arrived with its own warning attached.

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People

Luiz Inácio Lula da Silva

Daphne Caruana Galizia

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Office for National Statistics

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HPE

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