Australian court ruling on climate impact of coal mining a ‘blow’, says industry
Verdict is latest in a series of legal cases to examine the relationship between fossil fuel producers and global warming
Economic news
Read More
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
US oil trader takes $2bn gamble on tankers as carriers steer clear of Hormuz
American security push aims to spur Asian refining as diesel shortages stoke inflation
Ex-Barclays traders’ rate-rigging convictions quashed
Court of Appeal ruling comes after Tom Hayes’s guilty verdict was overturned last year
ICE came to town and left behind weakened economies
Research links ICE enforcement surges to lasting declines in local spending, foot traffic and jobs. In Minneapolis, businesses are still recovering.
Global bond sell-off resumes as 30-year Treasury yield hits highest since 2002
French, Italian and UK government bonds also come under pressure in volatile trading