US mortgage rates top 7% for first time in 20 months

Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages

Oil price rise creates more pressure on UK policymakers before budget

Treasury sources concede ‘less room’ for manoeuvre as global bond selloff also hikes government’s borrowing costs

UK ‘losing up to £6.5bn a year in EU trade’ without post-Brexit product deal

IPPR finds failure to align testing standards costing 0.18% of national income and has seen companies abandon exporting to EU

Alarm bells sound in Brussels as EU sales of Chinese hybrid cars rocket

Explosive growth in imported vehicles omitted from EV tariffs fuels concern for future of European carmakers

Three international bodies warn of risks of rising debt and soaring borrowing in major economies

IIF highlights challenges facing US, France, UK and Japan, while OECD and IMF also voice global concerns

EU spends three times more on imports from China than bloc exports there

Days before Xi Jinping’s summit with Donald Trump, new study shows trade deficit ran at more than €1bn daily in July

All the signs say another financial crisis is coming. Here’s why we need to prepare for it now

War, AI disruption and markets in turmoil: the warnings are all there. But lessons from the 2008 crash could help us, says Guardian columnist Larry Elliott

Are global stock markets heading for a crash?

Economies thrown into renewed turmoil as AI debt, Iran war and soaring government bond yields fuel alarm

Global leaders urged to join initiative to fight extreme inequality

More than 1,500 academics and economists sign letter, calling growing gap between richest and poorest ‘a policy choice that can be reversed’

Panama canal traffic facing further cuts as drought from El Niño worsens

Planned daily reductions will further choke one of the world’s most important shipping lanes

US borrowing costs hit 5% for first time since 2023 amid bond sell-off

Soaring oil prices of above $108 a barrel after Houthi attacks on Saudi infrastructure stoke inflation fears

Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK

Iran war and turbulent global bond markets add to pressure as rate decisions loom this week in major western economies

The perilous economic conditions facing the UK can be traced back to Trump

As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs

Tensions simmer on US-Canada border for two towns relying on each other

Canadians ‘angry’ at Trump for suggesting Canada should become 51st state, says mayor, as US businesses see sales fall amid trade war

EU unveils ‘buy European’ public procurement rules to counter China

Authorities and public bodies to be urged to buy goods and services from Europe, but without binding quotas