Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices
We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way
Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others
Chip stocks bouncing back on Wall Street and South Korea; UK investigating Paramount-Warner Bros merger – as it happened
Rolling coverage of the latest economic and financial news, as the AI trade bounces back
Trump claims US fuel prices ‘not very high’ as costs surge amid Iran war
National average gas price stands at about $4.16 per gallon as Americans grapple with price hikes sparked by the war
The spectre of gen Z socialism is haunting the world … according to the Economist
The magazine writes: ‘Resisting Gen-Z socialism is therefore an urgent task.’ That urgency must outweigh any urgency of feeding hungry people
Oil price falls back and Wall Street rallies after Iran announces ‘end of military operations’ against Israel – as it happened
Rolling coverage of the latest economic and financial news, as South Korea’s KOSPI index slumps by 8%
Stock markets fall as concerns persist over tech firms at heart of AI boom
Drops follow sharp sell-off of US tech stock last week while oil prices seesaw after Iran and Israel exchange strikes
UK companies opting to hire temporary workers over permanent staff, recruitment firms say
Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment
Rachel Reeves may be unpopular, but she is quietly rebalancing UK plc
Policy U-turns could define her stint at No 11 despite many sure-footed advances on devolved spending to help kickstart growth
‘Immediate national priority’: ministers accused of complacency over UK food supply
Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weather
On China, Trump picked the right battle but the wrong strategy
A long trade war looms. Trump’s scattershot protectionism, chaotic tariffs and belligerence against our natural allies guarantees that US trade policy will remain a hot mess
US added 172,000 jobs in May as labor market shows signs of resilience
Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war
US job creation smashes forecasts in May, fuelling rate hike bets; ‘no jet fuel shortage in Europe’ – as it happened
Rolling coverage of the latest economic and financial news
Horrific, unregulated, and very profitable. The companies making cash from England’s children in care
Councils are sending vulnerable kids to homes ran by money-grabbing cowboys and private-equity vultures, says Guardian columnist George Monbiot
UK shoppers return to high street as warm weather brings respite from shadow of war
British Retail Consortium figures show footfall rose in May, with consumer confidence improving after spending squeeze