Economy news

• Mexico deploys hundreds of troops to secure avocado heartlands

  06-08-2026 23:12 via ft.com
  Violence in Michoacán state prompts US to withdraw its inspectors and suspends imports of the fruit
  
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• FirstFT: US scientists use AI to create first synthetic viruses

  06-08-2026 23:10 via ft.com
  Also in today’s newsletter: Jane Street in talks to refinance $11bn debt load and SoftBank beats analysts’ expectations
  
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• US halts imports of Mexico avocados over security concerns

  06-08-2026 21:43 via ft.com
  Violence in Michoacán state prompts withdrawal of American inspectors
  
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• Honeywell Aerospace shares plunge on failure to overcome supply snarls

  06-08-2026 19:07 via ft.com
  Group slashes outlook as bottlenecks limit ability to convert strong demand for advanced parts into sales
  
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• Revolut switches customers to official bank accounts – what you need to know

  06-08-2026 18:13 via moneyweek.com
  
  Revolut will shift more than 13 million UK customers to its banking arm after securing a licence earlier this year.Currently, anyone holding a Revolut account only has what is known as an e-money account, but will soon have a new current account with the bank instead.The fintech firm acquired a full UK banking licence in March 2026 after a four-year battle with regulators.While it has been popular with users who travel regularly due to perks such as zero FX fees when spending abroad, lounge acce
  
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• Congress should hold Trump’s feet to the fire on chips

  06-08-2026 18:00 via ft.com
  The US urgently needs to broaden its export control regime if it’s serious about winning the AI race
  
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• What is FIRE and can it help you retire early?

  06-08-2026 14:40 via moneyweek.com
  
  Do you dream of giving up the day job and enjoying the freedom that would bring? You’re not alone. But many don’t want to wait until retirement age winter years to kick back. Can the FIRE movement help? FIRE - financial independence, retire early – is a personal finance strategy that involves extreme investing and frugality during your working life in order to enable early retirement and financial freedom. In theory. The concept was first established in the US in the 1990s, and
  
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• Both Trump and young Americans are warming to China

  06-08-2026 12:31 via ft.com
  The president and Gen Z voters are far more open to a co-operative relationship with Beijing than hawks in Congress
  
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• FirstFT: US law firms weigh stake sale to private equity

  06-08-2026 06:31 via ft.com
  Also in today’s newsletter: DeepMind CEO Hassabis steps down and golden visas
  
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• Wanted: Polish truck drivers

  06-08-2026 06:00 via ft.com
  Half a million missing European truckers spell trouble for supply chains and economies, unions warn
  
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• Virginia governor urges Democrats to unite on affordability to win in midterms

  06-08-2026 06:00 via ft.com
  Centrist dismisses suggestions of civil war in her party after progressive candidate wins Michigan primary
  
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• Stop assuming GDP is an indicator of prosperity

  06-08-2026 06:00 via ft.com
  Billboard-worthy rates of economic growth mask high levels of wealth and income inequality
  
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• ‘People don’t necessarily know: What is the Democratic Party?’ says Virginia governor

  06-08-2026 06:00 via ft.com
  Centrist Abigail Spanberger dismisses suggestions of civil war in her party after progressive candidate wins Michigan primary
  
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• As AI spend continues to soar, when will investors start to be rewarded?

  06-08-2026 06:00 via moneyweek.com
  
  Market reactions were mixed off the back of latest quarterly earnings for the US tech giants, raising a big question – when will these companies’ huge expenditures start to bear fruit?It’s becoming clearer that the companies once thought of as a collective, the Magnificent 7 – Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA) – are no longer running on the sam
  
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• A Democratic civil war? Not according to Virginia’s governor

  06-08-2026 06:00 via ft.com
  Centrist Abigail Spanberger dismisses suggestions of civil war in her party after progressive candidate wins Michigan primary
  
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