Business

Poorer Americans are struggling to make ‘ends meet’, top Fed official says

Boston central bank branch head Susan Collins would back September interest rate rise if inflation remains hot

The answer is obvious to all except the real climate change zealots: the anti-net zero movement

UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down cities Repeated debilitating heatwaves this summer are likely to have cost the UK economy more than…

As construction slumps and manufacturing automates, 53mn Chinese now work for low wages in food delivery and…

As construction slumps and manufacturing automates, 53mn Chinese now work for low wages in food delivery and ride-hailing

JD Vance asked Ukraine to halt strikes on tankers using Russian port

Washington alarmed by Kyiv’s campaign on vessels collecting Kazakh oil from Novorossiysk

Israel’s campaign to make southern Lebanon ‘unliveable’

Israeli forces have systematically destroyed homes, roads, farmland and forests despite ceasefire with Hizbollah

Europe’s carbon mechanism is a tariff by another name

The EU has denounced US duties while imposing its own protectionist measures dressed up as climate policy

How a bad trade pushed a US mortgage giant into a $2bn lifeline

Billionaire finance executive and Phoenix Suns owner Mat Ishbia forged a last-minute deal with Oaktree

AI Startup Cognition in New Funding Talks at $40 Billion Value

Cognition AI is in early talks with investors for a new funding round that may boost the coding startup’s valuation by more than 50% to at least $40 billion, people familiar with the matter said.

JPMorgan Boosts Singapore Stocks Target as Economic Growth Holds

JPMorgan Chase & Co. raised its target for Singapore stocks as robust economic growth and a narrowing valuation gap with developed-market peers bolster their outlook.

Indonesian Tech Firm GoTo Faces MSCI Index Exclusion in Review

GoTo Group, the Indonesian ride-hailing and food delivery platform once valued at more than $32 billion, faces the prospect of being dropped from MSCI Inc.’s indexes on Wednesday after a plunge in its share price left the stock difficult…

Oil prices rise as attacks dent hopes for Strait of Hormuz reopening

Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.