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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…
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…
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…
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…
Market corrections, bond yields, war: 'Dr. Doom' Nouriel Roubini flags 4 risks to the US economy
Dr. Doom sounds more like Dr. Boom these days, but Nouriel Roubini still sees plenty of risks looming over the US economy. The economist, who's often referred to as ' Dr. Doom ' for his bombastic and frequently bearish predictions in markets, laid…
China's export shock is pushing the global economy to a breaking point, and the U.S. may have to clean up the mess, former trade official says
While President Donald Trump's tariffs have caused much heartburn on Wall Street, China's cheap and overwhelming exports have also been rippling through the global economy. But the Chinese growth model is running out of road, setting the stage for…
UK economy expected to have dipped in July despite World Cup boost
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. The UK economy is likely to have shrunk slightly in July…
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy
Iran pledged to intensify efforts to counter mounting U.S. sanctions and economic pressure, while a senior official warned Washington that any further attacks would trigger a faster and more severe Iranian response. Six months after U.S.-Israeli…
Numbers show two sides of the economy
As summer comes to a close, it's evident that economic growth and job growth are increasingly telling two different stories. The U.S. economy continued to moderately expand with a 1.5% annualized growth rate in the second quarter. But employment…
UK economy likely to have shrunk in July as retail sales dip and energy bills soar
Economists have warned that the UK economy is likely to have experienced a slight dip in July due to pressure from sluggish retail activity and higher energy costs for households. Analytic teams at Investec and Pantheon Macroeconomics predict that…
Turkey Targets 5% Economic Growth by 2029
Turkey has unveiled its new medium-term economic program, setting ambitious targets for economic growth, inflation, unemployment and the budget deficit through 2029. Vice President Cevdet Yilmaz announced the government's latest economic…
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