Author · News Unlimited
Sarah Jenkins
Analyzes macroeconomic trends, central bank policies, global inflation, tariff disputes, and international trade agreements.
EconomyStronger-than-expected UK economic data for August has raised expectations that official forecasters will upgrade their growth outlook, even as a sell-off in technology and chip stocks unsettled global markets.
EconomyDelta Air Lines lowered its full-year earnings outlook on Friday, saying jet fuel costs tied to the Iran war are rising faster than it can recoup through higher fares.
EconomyEconomics writer Larry Elliott says rising oil prices, a bond market sell-off and an AI stock bubble mirror the warning signs that preceded the 2008 financial crisis.
EconomyLatvia's flag carrier has entered a court-supervised restructuring in the United States to cut its debt, securing €350 million in emergency financing while insisting flights and ticket sales continue as normal.
EconomyRiyadh halted its main oil export route bypassing the Strait of Hormuz after strikes on pump stations, as Houthi forces advance on another vital chokepoint and Brent crude climbs past $100 a barrel.
EconomyThe Financial Times says Yemen's Houthi movement has taken Red Sea islands from Saudi-backed forces in a rapid offensive. The specific claim could not be independently corroborated at the time of writing.
EconomyBritain's largest carmaker will shed roughly a tenth of its workforce, mostly in management and research roles, as it tries to recover from a cyberattack, US tariffs and falling sales.
EconomyChris Rokos, founder of Rokos Capital Management and Britain's third-highest taxpayer last year, is preparing to move his tax residency to Greece and open an office in Athens, Bloomberg reports.
EconomyYemen's Houthi rebels struck energy facilities across southern Saudi Arabia on 8 September, injuring more than 70 people and driving oil and gas prices sharply higher.
TradeCanada has imposed retaliatory tariffs of up to 50% on roughly US$20 billion of American goods, deepening a trade dispute that began when President Trump raised duties on Canadian exports earlier this year.
EconomyUS President Donald Trump says a new joint venture gives Washington majority control of tens of billions of barrels of Venezuelan crude. The deal follows the capture of former president Nicolás Maduro and comes with a 100-year concession attached.
EconomyKevin Warsh delivers his debut keynote as Federal Reserve chair on Friday, with investors seeking clarity on inflation and interest rates after months of sparse communication.
EconomyNvidia issued its first-ever year-ahead forecast, predicting revenue growth far outpacing analyst expectations, while defending its financing arrangements with AI customers against accusations of circular dealing.
EconomyMeta Platforms has settled with a coalition of 29 US states midway through a federal trial in California, agreeing to pay billions and change how Instagram and Facebook treat young users.
EconomyBeijing says it will defend Chinese companies after Washington sanctioned nearly 60 entities tied to Iran's oil trade, including firms in Hong Kong and mainland China.
EconomyBillionaire investor Stanley Druckenmiller has publicly attacked his former protégé, US Treasury Secretary Scott Bessent, over a plan to buy back more long-term government bonds, calling it an attempt to manage prices rather than markets.
TradeThe fast-fashion retailer will list on the Hong Kong Stock Exchange on 1 September, at a valuation far below the $100bn it once commanded, after repeated failed attempts to go public in New York and London.
TradeEconomists expected Donald Trump's 2025 tariffs to shrink world trade. Instead, the World Trade Organization has repeatedly revised its growth forecast upward, as businesses rerouted shipments rather than abandoned them.
EconomyBoth Iberian countries are building far fewer homes than their growing populations need, driving up prices and rents and fuelling street protests. Immigration-led population growth, planning bureaucracy and high construction costs are all cited as causes.
TradeChina's record crude reserves and falling oil demand helped steady prices after the Strait of Hormuz was closed, according to US government estimates. Analysts say the episode revealed a deeper shift toward energy self-sufficiency and electrification.
EconomyAn investigation by the Guardian has found Microsoft has far fewer advanced AI chips installed than its public statements imply. The company disputes the newspaper's figures but has not said which numbers are wrong.
EconomyA new Financial Times poll finds most American voters feel worse off financially under Donald Trump, with Democrats now leading Republicans on the economy just months before November's midterm elections.
EconomyTen years after abandoning its once-iconic handsets, the Canadian company has turned itself into a supplier of car software and cybersecurity tools, with customers including automakers, NATO and European governments.
TradeShipping companies are paying more than $1 million, and in some cases up to $4 million, to jump the queue at the Panama Canal. The surge follows the closure of the Strait of Hormuz and a new El Niño-driven drought.