Economy news

• FirstFT: US retaliates after Iran hit tankers with missiles

  14-07-2026 06:36 via ft.com
  Also in today’s newsletter: Nvidia halves Asia buyer list and Rothschild’s UK investment bank
  
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• Trump says US to abandon proposed Strait of Hormuz cargo fee

  14-07-2026 17:41 via ft.com
  President says he will ‘replace’ plan with investment from Gulf states into the US
  
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• Kevin Warsh vows Federal Reserve will be ‘resolute’ in inflation fight

  14-07-2026 17:13 via ft.com
  Central bank chief says he would have ‘no tolerance’ for persistently elevated price growth
  
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• How pension reforms could help you boost your pot by thousands

  14-07-2026 16:33 via moneyweek.com
  
  Savers could boost their retirement pots by thousands of pounds under major government reforms that "have the potential to transform workplace pensions".The Department for Work and Pensions (DWP) has laid out its workplace pensions roadmap for the next three years, aimed at bettering outcomes for savers.The government estimates that, on current trends, those retiring in 2050 will have lower private pension incomes than those retiring in 2026, with millions facing retirement poverty.Rachel Vahey,
  
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• How pension holders could end up with pots £1,000s bigger

  14-07-2026 16:33 via moneyweek.com
  
  Savers could boost their retirement pots by thousands of pounds under major government reforms that "have the potential to transform workplace pensions".The Department for Work and Pensions (DWP) has laid out its workplace pensions roadmap for the next three years, aimed at bettering outcomes for savers.It comes as the government estimates that, on current trends, those retiring in 2050 will have lower private pension incomes than those retiring in 2026, with millions facing retirement poverty.R
  
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• Benign CPI inflation takes Fed’s July rate rise off the table

  14-07-2026 15:27 via ft.com
  Headline and core inflation were below expectations in June and unlikely to persuade rate-setters to tighten policy
  
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• US inflation fell more than expected to 3.5% in June as petrol prices tumbled

  14-07-2026 15:06 via ft.com
  Traders rein in bets on Fed rate rises as easing energy costs help tame price surges spurred by Middle East war
  
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• US inflation fell more than expected to 3.5% in June as oil prices tumbled

  14-07-2026 14:40 via ft.com
  Traders rein in bets on Fed rate rises as easing energy costs help tame price surges spurred by Middle East war
  
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• Bank bonuses hit post-crash high: should banking profits be diverted to poorer households?

  14-07-2026 13:45 via moneyweek.com
  
  Bank bonuses have reached their highest levels since the 2008 financial crisis, prompting calls for a hike in the windfall tax to help struggling households with their energy bills.Analysis of bank bonus data by the Trades Union Congress (TUC) shows £25 billion was paid out in bonuses in the financial year ending in March 2026 - up 16% annually.The TUC said bank bonuses have never been higher in cash terms and saw their highest real-terms quarter since 2008. Ahead of the chancellor’s
  
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• The Fed and BoE have a trust deficit

  14-07-2026 13:30 via ft.com
  Loss of faith in central banks could be driving up long-run inflation expectations
  
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• FirstFT: Chinese car exports surge

  14-07-2026 12:09 via ft.com
  Also in today’s newsletter: oil surges above $85 a barrel and Wall Street’s ‘Super Tuesday’
  
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• The payments darling in Trump’s crosshairs

  14-07-2026 12:00 via ft.com
  US tariff threats against Brazil over payments platform Pix provoke a political storm ahead of elections
  
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• China’s growth: five things to watch as economic pressure mounts

  14-07-2026 06:31 via ft.com
  Monthly indicators show weakness in retail sales and investment ahead of second-quarter figure
  
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• China’s monthly car exports surge past 1mn for first time as overall trade soars

  14-07-2026 05:53 via ft.com
  World’s leading exporter now also second-largest importer, Beijing says
  
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• China’s monthly car exports surge past 1mn for first time

  14-07-2026 05:53 via ft.com
  Overall trade soars as Beijing says it is also world’s second-largest importer
  
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• China’s monthly car exports surge past 1mn as overall trade soars

  14-07-2026 05:53 via ft.com
  World’s leading exporter now also second-largest importer, Beijing says
  
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• Nvidia halves Asia buyer list in China chip crackdown

  14-07-2026 05:25 via ft.com
  Tougher vetting in Singapore, Malaysia and Japan reflects Washington’s push to close export-control loopholes
  
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• FirstFT: Investors cut back bets on Asia’s chipmakers

  13-07-2026 23:37 via ft.com
  Also in today’s newsletter: Trump says US will hit Iran ‘hard’ and companies turn to Chinese AI models to cut costs
  
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• Top Fed official warns ‘hot’ inflation could trigger rate rise

  13-07-2026 19:23 via ft.com
  Christopher Waller says a further elevated reading may prompt central bank to tighten policy
  
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• HMRC’s capital gains tax investigations soared to new highs last year

  13-07-2026 17:48 via moneyweek.com
  
  The number of investigations into capital gains tax (CGT) rose by 26% last year, netting HMRC £266 million from Brits who had underpaid.The taxman closed 9,800 investigations in 2024/25, up from 7,800 the previous financial year, according to new Freedom of Information (FOI) figures – the highest number of investigations in a tax year since the Covid pandemic.Of those whose claims were probed, the average amount of underpaid tax rose from £23,333 to £27,142.The total tax
  
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• Investors dashed for AI bottlenecks during Q2

  13-07-2026 17:06 via moneyweek.com
  
  The second quarter (Q2) of 2026 saw increased enthusiasm from British investors, and they appear to be positioning their assets strategically in order to capitalise on looming challenges for the artificial intelligence (AI) boom.Data from investment platform eToro shows that their its investors predominantly bought semiconductor stocks, particularly the makers of memory chips, during Q2.Memory is a key bottleneck for the AI and technology trade. Ownership of memory hardware producer Sandisk (NAS
  
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• UK and Switzerland to loosen visa restrictions as part of services trade deal

  13-07-2026 16:00 via ft.com
  Agreement will also enable British travellers to use automated passport gates at Swiss airports
  
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• Can you get a government grant to install air conditioning?

  13-07-2026 15:28 via moneyweek.com
  
  Heatwave after heatwave have made for a brutal British summer so far. In June, the record for the hottest June day ever recorded was beaten three days in a row, and 26 June marked the sixth-hottest day in the UK since records began.Average temperatures in Britain are already around 1.2°C higher than pre-industrial levels, and heatwaves are set to become more frequent and longer because of climate change. As the UK has been a cooler country for much of its existence, we have very little infra
  
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• China-proofing European cleantech is a tricky business

  13-07-2026 13:31 via ft.com
  Crude tariffs won’t be enough to promote EU renewable energy
  
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• FirstFT: Stocks tumble on Iran and AI fears

  13-07-2026 11:29 via ft.com
  Also in today’s newsletter: Western companies turn to Chinese AI models and the ruthless remake of Citigroup
  
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• Fuller’s outperforms in a tough market – here's why it is worth buying

  13-07-2026 09:00 via moneyweek.com
  
  Since the last time I covered Fuller's – Fuller, Smith & Turner (LSE: FSTA) – in November 2022, the shares have returned around 51% excluding dividends, outperforming the FTSE All-Share index's 41% over the same period. The pub group has not been immune to the headwinds facing the wider hospitality sector, but its robust balance sheet, cash generation and focus on higher-earning consumers in the wealthy areas of London and the southeast have helped it outperform in a tough market
  
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• Hiscox is a safe bet in insurance – how to play its shares

  13-07-2026 08:00 via moneyweek.com
  
  Insurance company Hiscox is benefiting from a volatile global backdrop that means firms want to make sure that their assets – from their factories to the goods and services they sell – are properly insured. Meanwhile, the rise of the digital economy has created new types of insurance, such as protection against cyberattacks.It may not be glamorous, but some of the best investment opportunities are in industries that may seem dowdy, but are solid, profitable and crucial to the global
  
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• EU urged to follow its own rules and ban trade with Israeli settlements

  13-07-2026 07:00 via ft.com
  Also in this newsletter: No ‘single measure’ will protect kids online, says justice commissioner
  
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• FirstFT: US-Iran ceasefire teeters

  13-07-2026 06:33 via ft.com
  Also in today’s newsletter: Bumper investment banking gains and UK council homes
  
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• ‘Trump accounts’ and how to spread America’s wealth

  13-07-2026 06:00 via ft.com
  Political stability in the US requires it — the question is, pre-distribution or redistribution?
  
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