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Iran's Hormuz leverage wanes as U.S. economic squeeze bites
Six months after a conflict that rattled markets and pushed the Gulf to the brink of a wider war, the tide may be turning against Iran as Washington unleashes an unprecedented economic offensive to achieve what military force could not. After years…
China to pump $54bn into state banks and insurers to boost economy
CFOTO/Future Publishing via Getty Images Peter Hoskins Business reporter China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country's financial system and boost its slowing…
China to pump $54bn into state banks and insurers to boost economy
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country's financial system and boost its slowing economy. The cash injection, which is being led by China's finance ministry…
Healey vows to control public spending and help UK economy deliver on potential
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Chancellor John Healey insisted the UK economy was…
John Healey to say economy is 'turning the corner' in first speech as chancellor
John Healey's first major speech as chancellor will be delivered in Coventry in the next half hour. Just down the road, Jaguar Land Rover is expected to announce thousands of job cuts to save costs following competition from China for cheap cars…
John Healey to say economy is 'turning the corner' in first speech as chancellor
Andy Burnham will be facing increasing pressure ahead of next month's Budget after long-term government borrowing costs reached a 28-year high last week. The yield on a 30-year gilt - a loan to the British government - rose to 5.89%, the highest…
The country that lays the foundation for the AI economy will define next century
While we have a national interest in facilitating AI innovation, it should be the tech companies that are building data centers and creating demand for electricity — not American families footing the bill for increased costs stemming from…
Iran to tackle economic issues, says further attacks will be 'more painful
Iran said it will step up efforts to tackle problems created by U.S. sanctions that are crippling its economy, while a senior Iranian official warned of a 'painful response' if it comes under further attack. SCROLL TO CONTINUE WITH CONTENT Six…
Chancellor to argue UK economy can 'turn corner' despite bond market turmoil
John Healey will argue the government's plans to boost growth across the whole country will enable the British economy to “turn a corner” despite anxiety over volatile bond markets derailing Labour's crucial first budget. The…
London's record summer of music provides huge boost to capital's economy
Sadiq Khan has hailed London 's “incredible” summer of music, with millions flocking to the capital in a huge boost to the economy. The Mayor of London celebrated London's position as the music capital of the world, with the London's…
Healey vows to control public spending and help UK economy deliver on potential
Chancellor John Healey insisted the UK economy was “turning a corner” as he promised to control government spending in next month's Budget. In his first major speech since taking over at the Treasury, Mr Healey acknowledged the impact…
Korean economy continues to improve on strong AI-led exports, investment
The Korean economy continued to improve, supported by strong exports and investment related to artificial intelligence (AI) infrastructure at home and abroad, a state-run think tank said Monday. 'The Korean economy continues to improve, led by…
Eurozone Economy Surged as War Ignited Energy Prices
The eurozone economy picked up more rapidly than previously estimated in the three months through June despite the jump in energy prices caused by the war between the U.S. and Iran, but that resilience will be challenged if the conflict continues…
Rural Commercial Vehicle Sales Surge, Outpacing Urban Growth Amid Economic Diversification
Rural commercial vehicle (CV) retail sales have consistently outpaced urban growth from April to July 2026, signalling a significant diversification of the rural economy and the positive impact of GST-led consumption on demand. Rural commercial…
Bassett Furniture Industries: Cheap, But Economic Risks Weigh (NASDAQ:BSET)
Bassett Furniture Industries remains a ‘hold' despite outperforming the S&P 500 and exhibiting value characteristics. BSET boasts a fortress balance sheet with $53.9 million in net cash, supporting resilience amid industry and economic…
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