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Economics Headlines
Here’s why Europe’s hot summers are becoming an expensive challenge cnbc.com
Record heatwaves are straining Western Europe’s infrastructure, businesses and budgets as wildfires and insurance costs rise.
Source: cnbc.com
British Shoppers Tap Savings Buffers to Ride Out Economic Pain bloomberg.com
Since the pandemic, British families have been building a financial buffer for when they might need it most. That time seems to have come.
Source: bloomberg.com
How exposed is the UK economy to the second China shock? ft.com
Consumers, AI spending likely supported US economic growth in the second quarter reuters.com
The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.
Source: reuters.com
Cuba loosens control of private sector in struggle with mounting humanitarian crisis abcnews.com
Cuba has loosened restrictions on private businesses to allow imports of foreign goods and medicines, a sector firmly controlled by the Communist-led government
Source: abcnews.com
China’s solar surge nears milestone – even as Beijing hits brakes on sheer scale scmp.com
Coal capacity is projected to lose its long-held crown this year, despite a pivot from raw solar panel expansion to quality.
Source: scmp.com
Japan Trims Its Economic Outlook as Oil Prices Weigh on Growth bloomberg.com
Japan lowered its economic growth forecast for the current fiscal year, reflecting expectations that higher oil prices driven by tensions in the Middle East will weigh on domestic demand and add urgency to Prime Minister Sanae Takaichi’s efforts to address rising costs of living.
Source: bloomberg.com
Fed Holds Rates Steady but Three Officials Back Increase nytimes.com
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
Source: nytimes.com
Yacht travel scheme makes waves but can Hong Kong cash in on marine economy? scmp.com
Boat owners and maritime experts say Hong Kong must seize the opportunity to upgrade marine infrastructure to attract mainland yachts.
Source: scmp.com
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom fortune.com
From collapsing car sales to booming services and AI-linked manufacturing, China’s growth engines are pulling in sharply different directions.
Source: fortune.com
Video Federal Reserve holds interest rates steady as economy weathers resurgent inflation abcnews.com
The Federal Reserve held interest rates steady on Wednesday as the economy weathers resurgent inflation set off by the Iran war. ABC News’ Elizabeth Schulze reports from inside the Fed.
Source: abcnews.com
Democrat senators ask US SEC to probe Trump Media’s fast feed sale aljazeera.com
Trump Media has discussed charging as much as $100,000 a month for the Truth API product for buyers to get first access.
Source: aljazeera.com
Wildfires near France’s Bordeaux spark fears of ‘economic apocalypse’ for wineries independent.co.uk
Vast wildfires have ravaged an area four times the size of Paris, driving 220,000 people from their homes and impacting key tourist attractions
Source: independent.co.uk
Libya electricity blackout protests expose country’s failing grid aljazeera.com
Source: aljazeera.com
WATCH LIVE: Fed chair Warsh holds news conference after latest interest rate decision pbs.org
Source: pbs.org
