Bank of America sees stagflation, not recession—and no rate cut this year. It’s because of 2 specific Trump policies
It all comes down to the labor market, immigration, and tariffs. What is really going on in terms of how many workers are available?
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Trump rebrands trade route in Armenia-Azerbaijan peace deal
Zangezur corridor renamed ‘Trump Route for International Peace and Prosperity’
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Trump to meet Putin in Alaska as he signals Ukraine may need to cede land
US president’s comments about territorial concessions to secure peace trigger alarm in Kyiv
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Trump administration seeks $1 billion settlement from UCLA
UCLA is the first public university to be targeted by a widespread funding freeze over allegations of civil rights violations related to antisemitism and affirmative action.
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For sun-and-sea holidays, October is the new August
Climate change is prompting shifts to the off-season and ‘coolcations’
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Reeves hopes promise of fairness will cushion potential Budget tax rises
People close to the UK chancellor say she has begun drawing up a list of measures she may tighten in the autumn
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Ukrainian bonds rally as Trump and Putin gear up for talks
Investors are betting progress in negotiations will revive Kyiv’s securities and boost other assets linked to Russia’s economy