Top Trump supporters blast his Iran deal to reopen Strait of Hormuz
President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be…
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Category: Business
Kevin Warsh signals reform push in first speech as Fed Chair
Kevin Warsh delivered his first public speech as chair of the Federal Reserve on Friday, outlining a reform-focused vision for the central bank while emphasizing that inflation can be lowered…
Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely
Iran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in…
Nomura now sees no Fed rate cuts in 2026 as inflation pressure builds
Nomura no longer expects the Federal Reserve to cut interest rates in 2026, marking a hawkish shift from its earlier view that the central bank would deliver two reductions later…
UK retail sales fall 1.3% in April amid consumer uncertainty
British retail sales volumes fell by 1.3% in April every month, official data published on Friday showed, underscoring continued pressure on consumers amid geopolitical uncertainty and rising energy costs. Economists…
UK borrowing hits its highest level amid Iran war concerns
Britain’s public finances recorded their biggest April shortfall since the COVID-19 pandemic, highlighting mounting fiscal pressures facing finance minister Rachel Reeves amid the economic fallout from the Iran war. Official…
UK PMI drops to 48.5 amid Iran war and political uncertainty
British companies are experiencing their most widespread decline in activity in more than a year as the economic effects of the Iran war and domestic political uncertainty weigh heavily on…
US jobless claims fall to 209,000 as US labour market remains relatively stable
The number of Americans filing new applications for unemployment benefits fell slightly last week, suggesting the US labor market remains relatively stable even as policymakers grow increasingly concerned about inflation…