Economic News
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Bessent says 19 finance ministers agreed 'never-ending stream of cheap exports' is unsustainable, but China dissented
Bessent says 19 finance ministers agreed 'never-ending stream of cheap exports' is unsustainable, but China dissented
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Why bond yields are rising and why everyone should care
Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle
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Stocks slip on Wall Street under pressure from higher oil prices and rising bond yields
Stocks fell on Wall Street as another round of U.S. military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation
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Burnham pledges to restore hope as he makes his House of Commons debut as UK leader
Prime Minister Andy Burnham has faced lawmakers in the House of Commons for the first time since becoming U.K. leader six weeks ago
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US job openings rise slightly to 7.3 million as labor market remains sturdy despite higher costs
Employers posted slightly more job openings in July but as the American labor market remained sturdy in the face of higher costs that are squeezing household budgets
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Carney’s Liberals sweep 3 special elections in Canada as voters back his stand against Trump
Canadian Prime Minister Mark Carney’s Liberals swept three special elections in a result that showed voters backing Carney for standing up for Canada against U.S. President Donald Trump
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Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties
U.S. Treasury Secretary Scott Bessent wants to rally the world's largest economies this week at a summit in Asheville, North Carolina
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Oil prices rise and stocks fall after US hits Iranian sites in the Strait of Hormuz
Oil prices rose and U.S. stocks fell after American forces struck Iranian rocket launchers on the Strait of Hormuz, marking the first military action in a month
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Israel and Greece sign a multi-billion-dollar weapons deal, the largest between the countries
Israel has signed a major weapons deal with Greece, marking their largest agreement to date
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US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
Treasury Secretary Scott Bessent says the Trump administration plans to impose sanctions on another bank this week in effort to clamp down on Iran transactions
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