Uganda food aid after 19 die from hunger in Karamoja
Uganda has launched emergency food distribution after at least 19 deaths from hunger in Karamoja, where 1.5 million face malnutrition due to drought and crop failures.
Category : Economy GDP
Burnham bounce risks deflating unless focus on struggling households
Andy Burnham's return to Westminster lifted UK consumer confidence at the fastest monthly pace in three years, but deep inequalities and spending splits threaten the recovery.
London could see £2.9bn boost by rejoining EU: study
A new study commissioned by Best for Britain suggests EU membership could boost London's economy by £2.9bn, as Sadiq Khan urges closer ties with the bloc.
Bab al-Mandab blockade threat pushes oil above $100
Yemen's Houthi militias threaten Saudi oil exports via Bab al-Mandab strait, pushing Brent crude above $100 a barrel and stoking fears of a surge to $120.
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RBA Quiz: Most Misunderstand Rate Impact on Inflation
Only one in four Australians correctly identify that higher interest rates lower inflation, according to the RBA's latest survey. The central bank warns this misunderstanding could lead to frustration.
UK job vacancies fall to 712,000; unemployment steady at 4.9%
UK job vacancies fell to 712,000 in the three months to May, nearly halving from 2022 levels, while unemployment held at 4.9%, signaling a fragile labour market.
Chancellor Healey faces triple bind on living standards
Chancellor John Healey inherits a dire outlook for household incomes, with little time to act and a macroeconomic trap that risks higher interest rates if he intervenes clumsily.
UK borrows £16bn in June, less than expected
UK government borrowed £16bn in June 2025, £7.9bn less than last year, below forecasts. Burnham cuts VAT on electricity bills.
FTSE 100 CEO pay record: 130 times worker salary
FTSE 100 CEOs earned median £5.06m in 2025-26, 130 times the average UK worker's £39,000, widening the pay gap to an eight-year high, according to the High Pay Centre.
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Cost of Living Crisis Fuels Australian Discontent
A new survey reveals Australians are increasingly unhappy as the cost of living rises, questioning the 'fair go' principle. Cartoonist First Dog on the Moon explores the mood.
Fuel tax break hinders BHP's decarbonisation, investors warned
Australia's fuel tax credit, worth $622m to BHP last year, is delaying electrification of diesel truck fleets, says ACCR briefing to investors.
Burnham's economic to-do list in seven charts
Andy Burnham faces public finances under pressure and time running out before the next general election, with priorities including reindustrialisation, devolution, cost of living, youth unemployment, defence spending, social housing, and fiscal rules.
Australia's life dissatisfaction doubles, wellbeing poverty rises
Nearly 2.2 million Australians are in wellbeing poverty, with 9.7% reporting very low life satisfaction in 2025, up from 4.8% in 2014, driven by COVID and cost-of-living pressures.
UK economy grows 0.1% in May despite Iran war
UK GDP rose 0.1% in May, rebounding from a 0.1% decline in April, as scientific research surged 5.1%, offsetting drops in production and construction.
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China Q2 GDP growth 4.3%, misses target
China's economy grew 4.3% in Q2 2024, one of the lowest rates on record, missing the government's target as domestic vehicle sales fell over 16% and exports surged 27%.
One Nation's People's Bank Idea Has Merit, But Loans Questionable
Greg Jericho argues One Nation's proposal for a publicly-owned bank could reduce big four banks' oligopoly power, but their 30-year fixed mortgage plan may backfire by inflating house prices.
Oil surge raises odds of fourth Australian rate rise
Renewed US strikes on Iran and a maritime blockade have pushed oil to its highest since June's peace deal, increasing the likelihood of another RBA interest rate rise, economists warn.
Oil prices surge then stabilize as US-Iran tensions escalate
Oil and gas prices jumped after US strikes on Iran, then eased as Trump abandoned a 20% Strait of Hormuz levy, raising rate hike expectations.
World Cup Causes Major UK Work Disruption
UK businesses face £1.2bn productivity loss as World Cup matches disrupt work schedules, with 25% of staff planning to watch games during office hours.
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Record 12.7 Million Chinese Grads Face Bleak Job Market
A record 12.7 million college graduates in China face a saturated job market, with many struggling to find work due to AI automation and a skills mismatch, leading to widespread anxiety.
UK Mid-Market Firms Resilient Amid Inflation
UK mid-market firms have shown strong growth and resilience despite inflation, with revenues rising 11% in 2023, according to a new report.
‘Super’ El Niño Could Cause Food Price Shock Into 2028
Economists warn a 'super' El Niño in 2026-27 could drive food prices up 15.8%, with effects lasting until 2028, compounding inflation from the Iran war.
England vs Norway quarter-final could boost UK economy by £500m
England's World Cup quarter-final against Norway is expected to generate a £500m sales boost for the UK economy, with pubs, fan zones, and retailers cashing in.
Big Tech carbon emissions surge 19% on AI datacentre boom
Microsoft, Amazon and Google's collective carbon emissions rose 19% to 119m tonnes, a third of France's total, driven by AI datacentre construction.
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How Burnham Can Finance Reindustrialised Britain
Andy Burnham's plan to reindustrialise Britain requires state-led investment, a national investment bank, and broader Bank of England mandate, avoiding market backlash like Truss.
Russia bans diesel exports amid fuel shortages from drone strikes
Russia banned diesel exports on Wednesday to stabilize the domestic fuel market after Ukrainian drone attacks on refineries caused gasoline shortages and long lines at pumps.
US and European stocks rise, FTSE 100 pares losses
US stocks rose in early trading, European markets also up; FTSE 100 pares losses to down 0.1% at 10,474; AstraZeneca shares tumble 7.4% after drug trial failure; Brent crude 1% lower at $77.25.
Petrol Prices Rise Less Than Feared; Australian Recession Fears Ease
Petrol prices did not surge as expected after US-Iran tensions; Australia likely to avoid recession despite global oil supply shock; Nigel Farage resigns in 'stunt' amid financial scrutiny.
UK regional income gap persistent for 30 years, report says
Disposable income in Kensington and Chelsea is 4.5 times higher than in Leicester, and the UK's regional income divide has barely changed since 1997, according to the Resolution Foundation.
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Trump's policy mayhem pushes Maga faithful to blame government
About 56% of Maga coalition members report trouble with debt payments, and many blame the government for rising costs, signaling growing discontent within Trump's base.
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