Economy
E.On Plans Ovo Energy Takeover, Creating UK’s Largest Supplier
Rival E.On announced plans to acquire Ovo Energy, potentially forming Britain's largest energy supplier. Customers are urged not to panic as existing...
Economy 240 articles
Economy
Trump, Xi Summit Tests Tariff Truce Amid Legal Setbacks
US President Donald Trump's upcoming visit to China marks a critical test for the fragile trade truce, as his tariff policies face...
Economy
China’s Factory Inflation Hits Post-Covid High on Iran War Cost Shock
China's producer prices jumped 2.8% in April, the fastest since the pandemic, as the Iran war fallout sharply raised costs. This ends...
Economy
Inflationary Pressures Mount as US Consumers Face Persistent Price Hikes
New consumer price data is expected to confirm rising inflation, with economists forecasting a 0.6% CPI increase for April, deepening consumer frustration.
Economy
Layoffs, Inflation Batter Iran’s War-Struck Economy
Iran's economy faces mass layoffs and soaring inflation due to war, compounded by destroyed infrastructure and internet blackouts, creating a dire outlook...
Economy
Iran War Threatens Deeper Trade Crisis Than COVID
The Iran war's disruption of the Strait of Hormuz poses a greater, more acute supply chain challenge than COVID-19, forcing a fundamental...
Economy
Sudan’s Farmers Face Ruin as Middle East Conflict Drives Up Costs
Sudanese farmers, already reeling from three years of domestic war, now confront soaring fuel and fertilizer prices due to the Middle East...
Economy
Trade Court Invalidates Second Trump Tariff Round
The Court of International Trade has struck down a second round of Trump administration tariffs, following an earlier Supreme Court ruling. Importers...
Economy
Jobless Claims Tick Up to 200K, Still Near Historic Lows
US jobless claims rose to 200,000 last week, a slight increase but remaining historically low amid inflation and global economic uncertainty.