Economy news

• Mixed July payrolls report takes pressure off the Fed to tighten

  07-08-2026 15:37 via ft.com
  Weak figures give some cover to central bank’s July decision to hold rates
  
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• Iran’s oil exports stall and Kharg Island idles under US blockade

  07-08-2026 14:29 via ft.com
  US naval blockade appears to be halting tankers from carrying Tehran’s crude
  
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• Why is the US propping up the weak Japanese yen?

  07-08-2026 14:00 via moneyweek.com
  
  Over the past five years, the Japanese yen has lost 30% of its value against the US dollar and nearly as much against the pound. The currency recently hit a 40-year low against the greenback. Now, powerful figures in global finance are drawing a line in the sand.Over the weekend, Japan's Ministry of Finance and the US Treasury confirmed they had jointly intervened in currency markets to support the yen. Japan is thought to have sold $59 billion to buy yen, with Washington staging a smaller inter
  
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• FirstFT: All eyes on the US jobs market

  07-08-2026 12:23 via ft.com
  Also in today’s newsletter: Jane Street debt discussions and the latest cutting-edge Chinese AI model
  
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• Rare earth access: still a thing

  07-08-2026 11:30 via ft.com
  Alphaville 🤜 🤛 The Economics Show
  
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• Can new technology break Mastercard and Visa's duopoly?

  07-08-2026 11:06 via moneyweek.com
  
  Mastercard and Visa are the dominant global payment networks. Their systems allow you to tap your card to buy a coffee virtually anywhere in the world, and two seconds later you are walking away. It feels effortless, but behind that two-second transaction lies a complex global relay. Your bank confirms funds, the merchant's bank requests authorisation and fraud systems assess the risk.To most people, Mastercard (NYSE: MA) and Visa (NYSE: V) are little more than logos on cards. In reality, they r
  
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• Fidelity European Trust –long-term opportunities in European stocks

  07-08-2026 10:29 via moneyweek.com
  
  Marcel Stötzel, lead manager of the Fidelity European Trust (LSE: FEV), isn’t deterred by claims that Europe’s economic record and outlook are just as dismal as the UK’s.“Europe is plagued by poor demographics, low productivity and high government debt, none of which are getting any better,” he agrees. Economic output per capita is half the level of the US. But European stocks are not proxies for their economies, as they derive only a third of their turnover fr
  
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• Review: A restful retreat at Vietnam's Four Seasons Resort The Nam Hai

  07-08-2026 09:15 via moneyweek.com
  
  It's 5.30pm and almost dusk as I sit by a lotus lake, sipping green tea and scribbling down some thoughts in a notebook. I'm writing a “Love letter to the Earth” – a few words of thanks and hope while a lady plays three large crystal singing bowls behind me. I fold the piece of paper carefully in four, place it into a lantern with a tea light, then gently lower it into the water. With a gentle push, I send it across the lake to float away into the night.It's a simple, yet power
  
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• After the great deleveraging

  07-08-2026 07:30 via ft.com
  Plus, was that . . .  forward guidance?
  
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• FirstFT: Google shakes up AI leadership

  07-08-2026 06:40 via ft.com
  Also in today’s newsletter: ECB yen shock and UK tuition fees
  
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• Revisiting our estimates for Japan’s neutral rate

  07-08-2026 06:30 via ft.com
  Research suggests the rate has moved up slightly in the past few years
  
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• Yen intervention illustrates the dangers of monetary experiments

  07-08-2026 06:00 via ft.com
  Tokyo and Washington’s desire to maintain stability may be creating long-term danger
  
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• China’s exports jump almost a quarter in July

  07-08-2026 05:44 via ft.com
  Trade remains resilient in world’s second-largest economy
  
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• US euro sale to prop up yen blindsided ECB

  07-08-2026 03:50 via ft.com
  Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention
  
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• US euro sale to prop up yen blindsided European Central Bank

  07-08-2026 02:36 via ft.com
  Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention
  
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