Economy news

• ECB holds interest rates at 2.25%

  23-07-2026 14:35 via ft.com
  Central bank pauses despite renewed surge in oil prices
  
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• Trump threatens new EU tariffs in retaliation for fines on US tech groups

  24-07-2026 20:21 via ft.com
  President says Washington will launch new probe into the bloc that could sharpen trade tensions
  
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• The return of monetarism

  24-07-2026 19:00 via ft.com
  Former Fed governor Stephen Miran is trying to bring the money supply back to central banking
  
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• Future hawks

  24-07-2026 18:56 via ft.com
  At the ECB’s meeting on Thursday, president Christine Lagarde teed up a September tightening
  
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• How to play the Expedia share price

  24-07-2026 16:00 via moneyweek.com
  
  Travel firm Expedia has experienced the rough and the smooth of recent turbulence in the travel industry. America’s war on Iran has raised the price of jet fuel, and higher prices at the pumps have compounded a cost-of-living crisis that has prompted many to wonder whether they can even afford to take a holiday. More broadly, however, the industry continues to enjoy a post-pandemic boom, while a further tailwind is the increasing propensity (among younger people in particular) to prioritis
  
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• Three tasks for new chancellor John Healey

  24-07-2026 15:00 via moneyweek.com
  
  Andy Burnham has appointed John Healey, the former defence secretary, as chancellor. It was certainly a surprise. Home secretary Shabana Mahmood had been seen as a certainty for the job at No. 11, but at the last moment The incoming prime minister, appointed Healy instead. The markets were relieved. Given that the potential alternatives were Ed Miliband or Angela Rayner, that is not saying very much.Still, at defence, and as a former minister in Gordon Brown's Treasury, John Healey carved out a
  
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• Trump’s trade war shifts from shakedown to lock-in

  24-07-2026 14:53 via ft.com
  The administration wants to ensure the US ‘gets paid’ for the superpower services it provides to the world
  
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• Europe wins and Brazil loses in Trump tariff overhaul

  24-07-2026 14:38 via ft.com
  Some countries are relatively better off but the reprieve may only be temporary
  
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• US hits 60 trading partners with new duties as Trump rebuilds tariff wall

  24-07-2026 14:30 via ft.com
  Washington moves to reimpose 10 per cent duties after previous blanket levies were struck down by Supreme Court
  
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• Active funds vs passive: Is active management still relevant?

  24-07-2026 12:25 via moneyweek.com
  
  The ‘active versus passive’ debate is one that has raged for over two decades, with one investment style broadly dominating the other at any given time. Active fund management relies on a skilled stock picker to select the investments for the portfolio. These carry higher fees and, in theory, ought to deliver better returns than simply tracking an index. But the ongoing trend of passive fund outperformance is calling this into question.The spirit of diversification suggests rather th
  
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• Japanese stocks ride the AI boom – can the rally last?

  24-07-2026 12:00 via moneyweek.com
  
  Investors in Japanese stocks – like investors everywhere – need to be alert toconcentrated exposure to the AI story. Over the past few months, it has gone from important to indispensable. Wherever you look, the stocks that are doing best are linked to AI demand, while those that are AI-agnostic or an “AI loser” are mostly lagging. The emerging markets index is now trading like an AI play, due to TSMC, Samsung Electronics and SK Hynix, but this is by no means the only exam
  
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• Japan’s June inflation figure poses no obstacle to BoJ tightening this year

  24-07-2026 11:23 via ft.com
  Headline and core price rises accelerated last month
  
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• Review: Moar Gut is a first-class choice for a family holiday in Austria

  24-07-2026 10:15 via moneyweek.com
  
  “These mountains to the right are the northern tip of the Alps, and they are actually in Germany. And over there is the Eagle's Nest, a chalet perched on a mountaintop, which was Hitler's 50th birthday present.” We are getting a history and geography lesson from our taxi driver as we set off from Salzburg airport. Our children, aged seven and nine, have never seen the Alps before or visited Austria or Germany, so this is a triple whammy of excitement. The scenery and clean mountain a
  
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• In the rates drama, oil is a minor character

  24-07-2026 07:30 via ft.com
  Plus, Japanese stocks
  
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• Monetary Policy Radar preview: Federal Reserve’s July meeting

  24-07-2026 06:30 via ft.com
  The FT’s guide on what to look out for in Wednesday’s session
  
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• FirstFT: US hits 60 countries with new tariffs

  24-07-2026 06:30 via ft.com
  Also in today’s newsletter: Intel’s revenue jump and oil breaches $100 a barrel
  
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• When will Andy Burnham tackle the ‘cost of working’ crisis?

  24-07-2026 06:00 via ft.com
  Early measures to target the cost of living ignore looming tax problems as workers are squeezed
  
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• Welcome to the era of financial candyfloss

  24-07-2026 06:00 via ft.com
  The value of real assets in the US is shrinking as financialisation soars
  
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• South Korea’s cash-rich winners of AI boom go on US buying spree

  24-07-2026 05:06 via ft.com
  Companies make biggest US investment push in years to build up tech capabilities and avoid Donald Trump’s tariffs
  
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• US hits 60 countries with new duties as Trump rebuilds tariff wall

  24-07-2026 00:59 via ft.com
  Administration pins new measures on forced labour probe after Supreme Court struck down blanket levies
  
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• FirstFT: China’s Xi Jinping pursues AI diplomacy to woo developing countries

  23-07-2026 23:19 via ft.com
  Also in today’s newsletter: US hits 60 countries with new tariffs and Modi vows ‘swift’ justice for India exam leaks
  
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• US hits 60 countries with new duties as Donald Trump rebuilds tariff wall

  23-07-2026 23:01 via ft.com
  Administration pins new measures on forced labour probe after Supreme Court struck down blanket levies
  
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• China’s Xi pursues AI diplomacy to woo global south

  23-07-2026 23:00 via ft.com
  Beijing makes most ambitious offer yet to build alternative global order
  
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• Can Andy Burnham win over UK plc?

  23-07-2026 18:14 via moneyweek.com
  
  Could Andy Burnham’s leadership mark a shift in tone and pace for the UK’s beleaguered economy?Business leaders hope so. Gregor Paterson, fund manager in the UK team at fund management group Amati Global Investors, highlights that the new prime minister ought to have the expertise on hand to do so.“Burnham himself has a lot of experience, and has a pretty heavyweight team of advisers around him,” says Paterson. “He must be aware – as we all are – of how
  
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• How you could cut your inheritance tax bill and boost a loved one’s pension pot

  23-07-2026 17:05 via moneyweek.com
  
  Inheritance tax planning is becoming increasingly important as pensions will fall into estates for inheritance tax (IHT) purposes from April 2027.As the government looks to cut off a typical avenue for transferring wealth, an estate planning tactic could boost your loved one’s pension pot while reducing inheritance tax liabilities.You could make use of several gifting allowances, but gifts of any size made to someone through “surplus income” are also exempt from IHT, even if yo
  
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• Can Andy Burnham revive the economy and boost your finances?

  23-07-2026 15:50 via moneyweek.com
  
  Andy Burnham, the UK’s new prime minister, is never going to be popular with everyone – but this may well be his hardest lesson.It’s clear he wants to be a superhero prime minister – the hero of UK politics who speaks without a lectern (signifying no barriers) and someone who wants to give power to local authorities rather than just the Number 10 powerhouse. In his words, he “wants to bring back hope” as he attempts to fix the broken political system and the U
  
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• Burnham’s taxes: Can he revive the economy and boost your finances?

  23-07-2026 15:50 via moneyweek.com
  
  Andy Burnham, the UK’s new prime minister, is never going to be popular with everyone – but this may well be his hardest lesson.It’s clear he wants to be a superhero prime minister – the hero of UK politics who speaks without a lectern (signifying no barriers) and someone who wants to give power to local authorities rather than just the Number 10 powerhouse. In his words, he “wants to bring back hope” as he attempts to fix the broken political system and the U
  
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• ECB holds interest rates at 2.25% after debating rise

  23-07-2026 15:34 via ft.com
  Some members of governing council ‘asked themselves whether we should not consider a hike’
  
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• Six technology and innovation investment trusts to consider

  23-07-2026 14:47 via moneyweek.com
  
  Technology, and its ever-present subsector artificial intelligence (AI), are perhaps the hottest topics in investment – and have been for several years.Information technology officially accounts for 32% of the MSCI ACWI Index. Yet in reality, what we’d all intuitively think of as ‘tech’ companies account for a greater proportion of this, since MSCI officially designates companies like Alphabet, Amazon, Meta and Tesla into industry sectors other than information technology
  
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• Oil price surge drives global bond sell-off

  23-07-2026 12:49 via ft.com
  Brent crude’s rise towards $100 threatens a prolonged surge in inflation and resetting interest rate expectations
  
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