RBA interest rates: Reserve Bank holds official cash rate at 4.35%

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

Starmer vows new sanctions on Russia and nuclear energy support for Ukraine

G7 told ‘we will stand with Ukraine for as long as it takes’, with Russia’s finance networks and shadow fleet targeted

Rolling coverage of the latest economic and financial news

Import and export figures come as European leaders prepare to meet this week to address growing imbalance

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressures

The Standard of Living by James Graham traces economist’s influence on British politics and culture

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran

Forecasters were wrong about an immediate recession but right that we would be worse off outside the EU

A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequality

One economist says Musk’s world-first level of extreme wealth highlights massive economic disparities and could have profound effects on society

The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control

Consumer sentiment still remains at historically low levels amid Iran war and rising inflation, new survey shows

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

Starmer shows no will to pursue the main options for rising commitments: spending cuts, tax rises or borrowing