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economic · economic

Nowadays, prime ministers and even presidents cower before the mighty bond markets. These have the ability – in democracies, at least – to have leaders ejected from office via the ballot box, as even US President Donald Trump appears to acknowledge. However, it is not enough to simply offer dismissive gestures towards the bond markets, as some political leaders have discovered to their cost. It is much more important to ask why it is that bond markets have become so powerful. It is refreshing in...

economic · economic

Malaysia’s southern Johor state was braced for a bruising 14-day election campaign on Saturday after 172 candidates were cleared to contest a poll pitting Prime Minister Anwar Ibrahim’s federal allies against each other in one of the country’s most economically important battlegrounds. The state, which borders Singapore, goes to the polls on July 11, with 2.72 million voters eligible to choose representatives for 56 seats. Analysts said the contest would test both the reach of federal partners...

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Former England fast bowler Liam Plunkett trades the cricket field for the baseball diamond as he makes his professional debut for a minor league team in the United States.

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Pakistan PM says free passage at sea 'a global necessity' Pakistani Prime Minister Shehbaz Sharif stressed the importance of freedom of navigation and maritime security, saying global trade and supply chains depend on the safe movement of vessels through international waters. "The evolving regional situation has highlighted more than anything else the importance of maritime security for the global economy and international supply chains," Sharif said at the Pakistan Naval Academy. "Today, the right of free passage and freedom of navigation are no longer luxuries but have become an absolute necessity for the entire world."

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Catch up with the most important stories from around Europe and beyond this June 27th, 2026 - latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Cash-strapped country to become one of the world’s largest to offer citizenship-by-investment under President Javier Milei

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Talks about the phaseout stalled after the closure of the Strait of Hormuz sparked concerns of an energy supply crisis

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UN hopes to see “sustained” opening of Hormuz, says spokesperson Stephane Dujarric told reporters that “it is important that everybody live up to what they’ve committed to in every agreement that is signed”. “And I think it is important that all parties involved keep their eyes on the greater good,” he added, including regional and global stability as well as the wellbeing of seafarers. “Thousands and thousands of men and women … have been stuck on ships, who we all rely on to get the goods that we consume every day.” Iran had struck a vessel in the Strait of Hormuz on Thursday, prompting the UN’s International Maritime Organisation to pause its mission to evacuate hundreds of ships and more than 11,000 seafarers who’ve been stranded in the Persian Gulf region since the war broke out.

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The bulk of the new debt will come from borrowing from Kiev’s Western allies

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Alexander Trofimov noted that it is important to create alternative mechanisms for interacting with partners under sanctions that are immune to and not controlled by Western countries

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As China’s relationship with African countries deepens, the country’s influence is spreading into more areas. In our series Jevans Nyabiage looks at how Beijing’s blanket import clearance for three African food products will affect ties between them, and the potential effects for other governments around the world. Beijing is rewriting its trade playbook by bypassing years of protracted bilateral negotiations to grant continent-wide market access for African coffee, chillies and cashews. The...

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According to the Israeli Prime Minister, the most important thing is that Israel remains in the security zone in southern Lebanon

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This week, a special edition of Wall Street Week on the USMCA trade deal. The renegotiations are testing the future of an auto industry built on decades of cross-border integration. And, American farmers increasingly depend on exports to Canada and Mexico as other overseas markets become more difficult to access. Plus, years of infrastructure investment have created an energy market that crosses borders more easily than political narratives suggest. Later, can three countries with different priorities still agree on a common economic vision? (Source: Bloomberg)

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Kathy Kriskey, Invesco's Alterative ETF Strategy Head, helps make sense of oil's drop as ships continue to cross through the Strait of Hormuz despite attacks. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)

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US President Donald Trump threatened Friday to impose 100 percent tariffs on European countries that implement a digital services tax, even if it means canceling existing trade agreements.

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The Republican leader has taken an aggressive stance against countries that weigh taxes or regulations on US tech firms.

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This tariff will supersede trade deals made with the country, whether implemented, signed, or not, US President said

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The airline said that the report appeared to have been based on an old recording from one of its events

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Exxon Mobil Corp.’s head of US gas and power trading is moving to Expand Energy Corp., one of several recent departures from a unit the supermajor has been trying to grow.

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US President Donald Trump on Friday threatened a 100 per cent tax on imports from any country that imposes a tax on digital services from American companies. In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on US companies. The president has repeatedly sought to use tariffs as a way to deter such taxes, but many countries are looking for revenues as their economies increasingly operate in digital realms that are...

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Fed’s Kashkari Says ‘Cooled’ US Labor Market Not Driving Inflation Federal Reserve Bank of Minneapolis President Neel Kashkari said inflation is being driven by supply dynamics and not the US labor market. He spoke Friday at the Aspen Ideas Festival in Aspen, Colorado. (Source: Bloomberg)

economic · economic

Catch up with the most important stories from around Europe and beyond this June 26th, 2026 - latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

economic · economic

economic · economic

US president says levy would supersede any trade deals Washington has with other capitals

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Ships crossing Hormuz use Oman passage despite Iran warnings Traffic levels in the Strait of Hormuz fell back from Wednesday's high, but vessels continued to use a non-Iranian-approved passage, despite a ship being struck by a projectile, tracking platforms showed on Friday. At least 42 commodity vessels - including tankers carrying oil, gas, and dry bulk such as fertilisers - crossed on Thursday, Kpler's tracking platform showed, down from a high of 57 on Wednesday. Ten of those vessels entered the Gulf, while 32 exited. Half of the 42 vessels used a southern passageway hugging the coast of Oman. Another 29 commodity vessels had already crossed the strait by Friday afternoon, 10 coming into the Gulf and 19 leaving, according to Kpler.

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The rally that accompanied Abelardo de la Espriella’s rise to power in Colombia is already fading, with investors waiting on cabinet announcements and a concrete plan to repair the nation’s strained public finances before adding to what had been some of the best trades in emerging markets.

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In a quiet week for central banks, we updated our monthly forecasts

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Carmaker’s move will ratchet up the pressure on European policymakers to slap restrictions and trade barriers on China

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Betting on US equity has been staggeringly lucrative for the rest of the world, but it is now far more exposed to a market crash

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Boeing Co. secured an order from China Southern Airlines Co. valued at $3.62 billion, marking an important win for the US manufacturer after seeing orders dry up from Asia’s largest aviation market in the past decade. George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses the deal and what it means for Boeing. (Source: Bloomberg)