US budget deficit hits $432.3 billion in July, highest since March 2021
The U.S. Treasury reported a $432.3 billion budget deficit for July, the largest monthly shortfall since March 2021 and 48%...
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
ECB Document Finds No Grounds to Object to UniCredit’s €43 Billion Commerzbank Bid
An internal ECB document has concluded there are no prudential grounds to block UniCredit's €43 billion hostile bid for Germany's...
Strait of Hormuz ship traffic falls near three-month low as U.S.-Iran deal remains in doubt
Ship traffic through the Strait of Hormuz has fallen near a three-month low as doubt grows over a U.S.-Iran deal...
Iran’s Security Council endorses US deal but hardliners push back
Iran's Supreme National Security Council has endorsed a deal with the United States, exposing sharp divisions among hardliners who oppose...
Treasury modelling warns UK growth could slow to 0.3% in 2027 if Iran conflict drags on
Treasury modelling shown to Prime Minister Andy Burnham and Chancellor John Healey projects UK growth of just 0.3% in 2027...
