Up to £464m ‘moved through more than 3,000 UK high street shell companies’ Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectors
Iran vows to retaliate against countries that cooperate with fresh US sanctions Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credible
The treasury bond mess: is this the demise of the US as a safe haven? The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working
UK graduate job vacancies plunge to lowest in a decade Just 8,383 jobs for people leaving university were advertised in July, says recruitment website Adzuna
New Fed chair faces critical test at Jackson Hole as inflation fears mount Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety
UK productivity growing faster than official figures suggest, thinktank finds Resolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisis
The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground
Jumpy bond markets make it clear: Trump risks driving US into debt crisis Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength
‘The line’s running half-empty’: Llanwern steelworks feels the heat from cheap steel imports New quotas to protect UK firms and jobs appear to be having opposite effect in products such as galvanised steel
Retail sales in Great Britain fall despite heatwave increasing food and drink demand Volume of goods sold in stores and online dropped 0.5% in July, ONS says
UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlier
Michael Cohen, ex-fixer for Trump who once testified against him, hosts president on his radio show – as it happened Despite previously comparing him to a ‘mobster’, Trump’s former personal lawyer showers him with praise. This blog is now closed.
Why is the Trump administration causing turmoil in the bond markets? As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching
‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned
JD Sports cuts £50m from profit forecast as cost of living pressures hit trainer sales Inflation fuelled by Iran conflict deterring shoppers, especially in the US, says high street chain