Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – as it happened
Rolling coverage of the latest economic and financial news
Orbán’s oligarchs on edge as Hungary poised to launch wealth tax
New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity
Despite what the UK right will tell you, appeasing bond markets has actually led to instability
Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett
Ex-Federal Reserve chair Jerome Powell sounds alarm over political interference
Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fire
Oil price rises to $97 a barrel as ‘Iran stops exchanging messages with US’ – as it happened
British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reports
The disaster of Brexit is a warning against simple solutions to hard problems
Alan Milburn says youth unemployment has no quick fixes – an idea with an important lesson for those thinking about how to rejoin the EU
‘I want my life back’: drugs shortages lay bare economic impact of diamond crash in Botswana
Healthcare should be free but lack of essential supplies has led to patients being told to buy their own medicines
Inflation won Trump the presidency, but could cost him the midterms
Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s elections
Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says
Labour poised for fresh welfare changes after scale of youth jobs crisis revealed
Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’
US inflation rose at fastest pace in three years in April as Iran war hikes up prices
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms
US PCE inflation rate hits three-year high as Iran war pushes up prices – as it happened
Rolling coverage of the latest economic and financial news, as number of UK ‘Neets’ hits 12-year high
Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation
Ministers in talks with farmers about package of measures, including pause on duty due to come into effect next year
Modelling shows 90% of young Australians will be better off under Labor’s tax reforms
The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will benefit most young people, Treasury secretary says
Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him
The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past, says Guardian columnist Larry Elliott