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theguardian.com | 36 min. ago NEW

Taxes wouldn’t fund $5,000 Trump ‘dividend’ if Republicans win midterms, says commerce secretary

#dividend #economy #Fund #revenue #tax revenue #Taxes #Trump

Lutnick said $500bn of estimated $1tn needed to fund checks to all US adults could come from new visa programDonald Trump’s controversial proposal to give a $5,000 “dividend” to all US adults if Republicans maintain control of Congress in November’s elections would not be paid out from US tax revenues, according to the US commerce secretary, Howard Lutnick.“It’s not tax money,” Lutnick said in an interview with NBC News, adding that the administration could “earn the money that Donald Trump wants to pay out, not from the deficit and not from taxpayers”. Continue reading...

nypost.com | 55 min. ago NEW

Canada trade war jeopardizing key Senate battleground states for GOP, experts claim

#Canada #trade #trade war

Republicans are staring down a trade war of their own making -- and it could cost them the Senate.

kyivpost.com | 1 hrs. 58 min. ago

Russian Military Slang Reveals the Reality of Life on the Front Line

#Fed #Russia

A 250-page study of almost 7,000 communications between Russian military personnel and their relatives in 2025 illustrated the reality of life in the combat zone for those fed into the “meat grinder” that is Putin’s “special military operation.”

cnbc.com | 1 hrs. 59 min. ago

Inflation is outpacing wage growth again, squeezing Americans’ paychecks

#Consumer Prices #growth #Inflation #wages

In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.

cnbc.com | 1 hrs. 59 min. ago

GM plans U.S. battery development as Trump's DOT attacks Ford for China ties

#China #energy #Supply Chain #supply chains #Trump

Most battery cells currently rely on raw materials from China. GM is seeking to establish domestic supply chains both for EVs and energy storage.

kyivpost.com | 3 hrs. 2 min. ago

Russia’s War in Ukraine Has Cost Poland’s Economy More than €100 bln, Estimate Shows

#economic output #economy #growth #Inflation #loss #Poland #real #real wage #Russia #Ukraine

Russia’s full-scale war in Ukraine cost Poland an estimated €113.4 billion between 2022 and 2025, according to Statistics Poland. The losses include reduced economic output, higher inflation, lower real wage growth, and increased defense and Ukraine-related spending.

independent.co.uk | 3 hrs. 2 min. ago

Why Canada? America's northern neighbor seems an unlikely target for a trade war

#Canada #trade #trade war

Canada might seem an unlikely target for a U.S. trade war

al-monitor.com | 3 hrs. 18 min. ago

Trump says Iran probably responsible for attack on Saudi pipeline

#crude #Export #Iran #Main #oil #Saudi Arabia #Trump

DUBLIN, Sept 12 (Reuters) - U.S. President Donald Trump said on Saturday that Iran was probably responsible for an aerial attack on Saudi Arabia ​that shut down its East-West pipeline, one of the kingdom's main routes for exporting crude while bypassing the Strait of Hormuz."I think they are, probably they are," Trump told reporters in Dublin when asked if Iran was responsible for the attack on the vital oil conduit.The U.S. president also said that he had spoken with Saudi Crown Prince Mohammed bin Salman, whom he described as a "good friend."

npr.org | 3 hrs. 20 min. ago

Federal Reserve chairs historically over-communicate what's next. Kevin Warsh wants to say less

#Fed #Federal Reserve #Power

Fed chairs wield great power and they take great care to signal what they intend to do ahead of time to avoid surprises. Not Kevin Warsh though. He wants to say less, and investors are worried.

kyivpost.com | 3 hrs. 50 min. ago

Ukraine Revises Q2 GDP Growth Down to 0.4%, Below NBU Estimate

#Bank #GDP #GDP growth #growth #nominal #nominal GDP #Ukraine

Ukraine’s State Statistics Service revised its second-quarter 2026 GDP estimate down to 0.4% year-on-year, from a 0.6% flash estimate, and to 0.3% quarter-on-quarter, below the National Bank’s earlier 0.8% calculation. Nominal GDP reached just under Hr. 2.31 trillion ($51.8 billion).

thenextweb.com | 3 hrs. 53 min. ago

Nvidia may put $10bn into Anthropic’s IPO, more than Europe’s largest AI round in full

#AI #Anthropic #Europe #IPO #media #Return

Nvidia is in talks to invest up to $10bn in Anthropic’s initial public offering, which seeks as much as $100bn at a valuation near $2trn and would be the largest listing in history. Three days earlier it returned as an investor in Mistral’s EUR 3bn round, the largest ever raised by a European technology company […] This story continues at The Next Web

aljazeera.com | 4 hrs. 7 min. ago

BRICS nations urge smooth flow of global trade, supply chains, energy

#BRIC #BRICS #energy #Supply Chain #supply chains #trade

Joint declaration at BRICS urges need to work together to maintain smooth flow of global trade, supply chains and energy

nationalpost.com | 5 hrs. 9 min. ago

Conrad Black: The moral bankruptcy of Carney’s Israel sanctions

#bankruptcy #Israel #sanctions

It is a manifestly unjust gesture of symbolic impotence

livemint.com | 5 hrs. 9 min. ago

₹1 lakh investment: NSC vs KVP — Which Post Office scheme offers a higher maturity value? Check out the calculations

#interest rate #Interest Rates #investment #Return #Value

NSC vs KVP: Compare maturity value, interest rates and investment periods for a ₹1 lakh Post Office investment. Find out which scheme offers higher returns, understand tax benefits and choose the option that suits your financial goals.

washingtonpost.com | 5 hrs. 12 min. ago

U.S.-Canada trade war set to hit hard in midterm battleground states

#Canada #SET #tariff #tariffs #trade #trade war #Trump

Republican candidates in some of the nation’s most competitive races are treading carefully as local industries brace for President Trump’s tariffs.

ft.com | 5 hrs. 26 min. ago

The long shadow of quantitative easing

#Bank #central bank #Quantitative Easing

Central bank balance sheets will stay large

businessinsider.com | 2 hrs. 33 min. ago

A veteran economist tells us why he sees a recession and a stock crash by the end of 2027

#business cycle #downturn #economy #market #recession #stock

Henrik Zeberg, an economist who studies business cycles, laid out his timeline for how and when a downturn could hit markets and the economy.

koreatimes.co.kr | 5 hrs. 29 min. ago

President Lee reassures public over oil prices amid escalating Middle East tensions

#Barrel #CAP #crude #crude oil #Don #energy #Export #export control #Import #loss #media #oil #oil price #R #Saudi Arabia #sea #Swap

President Lee Jae Myung reassured Koreans on Saturday that the government is taking all necessary measures to stabilize oil prices amid a surge in global crude prices caused by escalating tensions in the Middle East. In a post on the social media platform X, Lee highlighted the government's efforts to diversify crude oil imports to reduce the country's reliance on the Middle East, with the region's share of imports falling from about 70 percent to 50 percent. He also cited measures including oil price caps, export controls and a strategic oil reserve swap system. Lee reaffirmed the government's commitment to cracking down on oil hoarding and price collusion, while compensating local refiners for losses stemming from government price stabilization measures. "You don't have to worry about oil prices at all," Lee wrote. The remarks came as disruptions in the Red Sea and the Strait of Hormuz fueled concerns over global energy supplies, pushing oil prices back above $100 per barrel. Adding to the supply concerns, Saudi Arabia shut down its East-West pipeline after the key oil conduit came under

aljazeera.com | 6 hrs. 14 min. ago

Sweden heads to the polls: What’s at stake in the knife-edge election?

#economy #Migration #Sweden

Sweden votes on Sunday as voters weigh migration, crime, the economy and whether the far right will enter government.

nytimes.com | 6 hrs. 14 min. ago

Inflation Complicates Trump’s Midterms Pitch to Voters

#Gas #gas price #Inflation #mortgage #Trump

Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.

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defence-blog.com | 7 hrs. 5 min. ago

Boeing KC-46A export deal ceiling jumps to $19.1 billion

#Export #GAV #Margin #Size

The U.S. Air Force just gave itself a lot more room to sell Boeing’s aerial refueling tanker overseas. In a contract modification worth $13.4 billion, the Air Force raised the ceiling on an existing Foreign Military Sales agreement for the KC-46A Pegasus tanker from $5.7 billion to $19.1 billion, more than tripling how much business […]

theguardian.com | 7 hrs. 16 min. ago

Donald Trump lands in Dublin for two-day Ireland visit – live

#economy #Hold #Ireland #Trump

US president will hold talks with Ireland’s leftwing president Catherine Connolly, and play golfDonald Trump has touched down in Dublin this morning for a two-day visit to Ireland, where he will hold talks with the Irish president and prime minister, and play golf.The weekend visit coincides with the Irish Open, a major golf tournament taking place at the beachfront Doonberg golf course owned by the US president.Many in Ireland are rooting for Connolly to let rip at Trump for his policies and rhetoric on immigrants and the Middle East. Others hope she will stifle any criticisms to avoid provoking a visitor who could upend Ireland’s economy.” Continue reading...

independent.co.uk | 7 hrs. 17 min. ago

Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update

#Federal Reserve #interest rate #Interest Rates #Main

The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week

npr.org | 7 hrs. 36 min. ago

Yemen's Houthis capture a Red Sea island in threat to shipping

#Export #Island #oil #R #Saudi Arabia #sea #Shipping #Yemen

Iranian-backed Houthi rebels in Yemen have captured a strategic island in the Bab el-Mandeb Strait. The move threatens Saudi oil exports through a key commercial lane. And Saudi Arabia said it shut down a major oil pipeline as a precaution after it came under attack.

livemint.com | 8 hrs. 5 min. ago

Hawkins Cookers FD opens on September 16; Know interest rates, minimum deposit required and other details

#interest rate #Interest Rates

Hawkins Cookers will launch a fixed deposit scheme on September 16, with interest rates up to 8% for a 36-month tenure. Check full details of the offering here.

cnbc.com | 8 hrs. 37 min. ago

Why data centers could be the next big market for catastrophe bonds

#bond #Bonds #market

CAT bonds, or catastrophe bonds, could bring data center risk to capital markets, with the first dedicated deal potentially emerging within 12 to 18 months.

euronews.com | 9 hrs. 7 min. ago

How the ECB rate hike will affect mortgage borrowers

#Bank #banks #ECB #Eurozone #Inflation #market #mortgage #Rate Hike

The ECB’s decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone’s biggest economies as banks respond to persistent inflation and elevated market rates.

theguardian.com | 9 hrs. 21 min. ago

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

#budget #Inflation #Pension

With the budget looming, arguments rage over whether ministers should scrap a pledge popular with millionsThere were fresh calls this week for the state pension “triple lock” to be ditched as debate rages over whether the UK can afford it.The triple lock guarantees that the state pension goes up each year in line with inflation or wage increases or 2.5% – whichever is the highest. Continue reading...

newsbeep.com | 9 hrs. 36 min. ago

Social Security COLA for 2027 Now Projected to Be 3.5%-3.6%

#Federal Reserve #Inflation

As inflation continues to run hotter than the Federal Reserve’s 2% annual target rate, Social Security beneficiaries are…

newsbeep.com | 9 hrs. 36 min. ago

Karaoke for one: China’s $1 trillion ‘loneliness economy’ gives a glimpse of the world’s future

#China #economy

Hong Kong —  Rachel Xia has grown quite used to flying solo in the decade since leaving her hometown…

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france24.com | 9 hrs. 37 min. ago

Live: Saudi Arabia oil pipeline shut down after drone attack launched from Iraq

#crude #Export #Iraq #oil #Saudi Arabia

Saudi Arabia shut down its crucial Eat-West pipeline after it was attacked on Thursday, threatening an important alternative route for crude exports from the Gulf. Iraq has chosen not to retaliate at this state, its foreign ministry said. Read about the day’s events as they unfolded on our liveblog.

ft.com | 10 hrs. 6 min. ago

Nick Train’s trust offers buyback in bid to boost weak share price

#AIMS #investment #shares

Tender offer by Lindsell Train Investment Trust for 20% of shares aims to address persistently wide discount

ft.com | 10 hrs. 6 min. ago

Booming Brics payments systems seek more cross-border links

#Bank #banks #Boom #BRIC #BRICS #central bank

Government-backed networks such as UPI and Pix explore link-ups with central banks overseas

theguardian.com | 10 hrs. 20 min. ago

Call it the Miliband doctrine. Let’s hope the new Israeli settlement boycott is just the start

#Bank #boycott #coalition #economic sanctions #Indonesia #sanctions #Settlement #Support #Trump

Steve Bloomfield | This week’s move suggests that, even in the age of Trump, Britain will once again have an ‘ethical dimension’ to its foreign policy. That’s good for the world Almost 30 years ago, the Labour titan Robin Cook announced his arrival at the Foreign Office by laying out what would become described as an “ethical foreign policy”. The UK, he said, “must support the demands of other peoples for the democratic rights on which we insist for ourselves”. Human rights would be “at the heart of our foreign policy”.In the 25 years since Cook was demoted, Britain has had a further 14 foreign secretaries – including seven in the past six years – few of whom can claim to have placed progressive ideals at the heart of their actions. Ed Miliband’s speech on Tuesday outlining the UK’s decision to impose economic sanctions on Israeli settlements in the West Bank – and unveiling the international coalition he has built to support it – suggests that Cook may finally have a successor.Steve Bloomfield is the former international editor of the Observer and a previous winner of the Orwell prize Continue reading...

livemint.com | 10 hrs. 35 min. ago

US-Iran war: As conflict widens, more waterways become unsafe for oil exports, raising fears of energy crisis

#energy #energy crisis #Export #Iran #oil #Shipping

As tensions escalate in the Middle East with no diplomatic resolution in sight, growing disruptions to key oil-shipping waterways are raising fears of a global energy crisis.

livemint.com | 11 hrs. 4 min. ago

BRICS can help Global South build resilience beyond supply chains: China Daily ahead of Xi-Modi meeting

#Bilateral #BRIC #BRICS #China #Hold #India #Supply Chain #supply chains

BRICS Summit: Chinese President XI Jinping is landing in New Delhi to take part in BRICS Summit 2026 in New Delhi today. This will be Xi's first visit to India in nearly seven years. Xi will hold bilateral talks with PM Modi in the evening.

livemint.com | 11 hrs. 19 min. ago

Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate

#Analyst #Inflation

Social Security beneficiaries could see a 3.5 per cent-3.6 per cent COLA increase in 2027, with estimates varying among analysts and groups. The official adjustment will depend on September inflation data, with the Social Security Administration expected to announce it in October.

ft.com | 11 hrs. 19 min. ago

Joseph Stiglitz on how to build a better AI economy

#AI #economy

A slow rollout will disappoint investors. A fast one risks undermining the industry’s own foundations. But managed carefully, this is a technology that could benefit us all

ft.com | 11 hrs. 19 min. ago

High oil prices could force ECB to raise rates further, warns top policymaker

#Austria #Bank #central bank #ECB #Inflation #oil #oil price

Austrian central bank governor Martin Kocher says risk of elevated inflation is higher than it was a few months ago

nytimes.com | 11 hrs. 20 min. ago

India Wants to Buy Fewer Chinese Imports, but Keeps Needing More

#China #Import #India #trade

Trade between India and China has nearly doubled in five years, leaving New Delhi with a widening deficit and a difficult choice over how to build its industrial future.

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