Economy – Page 27 – Golden Financier

Economy

China’s heatwave fuels record power demand, strains grid

Much of China experienced extremely hot weather, causing a record-breaking surge in electricity use, exceeding 1.5 billion kilowatts, according to a Reuters report.Authorities face a significant challenge as an arc…

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Economy

UK rate cuts: August and November projected by ING amid easing job market

A significant upward revision to May’s payroll figures, coupled with Wednesday’s hotter-than-expected inflation data, is easing the pressure on the Bank of England to implement rapid rate cuts. While cuts are…

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Economy

Why Australia’s green steel ambitions face reality check from BHP

BHP, a major mining company, has stated that establishing a “green iron” industry in Australia is cost-prohibitive, Reuters said in a report. BHP’s declaration comes after Australia and China reached an…

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Economy

UK inflation surprises again: what’s driving the price rise

UK inflation rate jumped more than expected in June, with the Consumer Price Index (CPI) rising to 3.6% from 3.4% the month before, new figures from the Office for National…

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Economy

Renault shares tumble after profit warning, leadership shake-up; analysts slash PTs

Shares in Renault plunged over 16% on Wednesday after the French carmaker slashed its 2025 financial guidance and named finance chief Duncan Minto as interim chief executive. The sharp decline…

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Economy

Trump to impose 200% tariffs on pharma sooner than expected; here’s what he said

US President Donald Trump on Wednesday indicated that his plans to impose high tariffs on the pharmaceutical sector can star to come into effect as early as the end of…

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Economy

OpenAI, Google, Musk’s xAI wins US Pentagon contracts

The US Department of Defense (DoD) has awarded contracts to four major artificial intelligence developers. Alphabet Inc.’s Google, OpenAI, Anthropic PBC, and Elon Musk’s xAI—as part of a strategic initiative…

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Economy

Argentina’s economy didn’t collapse. It roared back to life

Just a year and a half ago, Argentina’s economy looked like it was heading for its tenth sovereign default. Inflation was out of control. The peso was imploding. Nearly half the…

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Economy

AI boom drives US startup funding close to record highs

Startup funding in the United States soared 75.6% in the first half of 2025, reaching $162.8 billion, according to a new report from PitchBook released Tuesday. It marks the strongest…

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Economy

Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros

Shares of Starbucks and other major US coffee retailers could face higher costs after the Trump administration proposed a sweeping 50% tariff on all imports from Brazil — the world’s…

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