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The UK faces significant budget pressures from elevated oil prices and inflation linked to the Iran conflict, forcing the government to find billions in additional funding while balancing ambitious public service promises.
Australia’s inflation eased to 3.8% in the year to June, reducing chances of an interest rate hike by the Reserve Bank on August 11.
Heathrow Airport will recover up to £320m in early runway project costs through higher airline charges, adding approximately 15p to ticket prices in 2028.
Asian semiconductor stocks plunged following disappointing earnings from South Korean chipmaker SK Hynix, with Seoul’s Kospi index sliding over 12% and marking its steepest two-day decline in recent months.
Personal bankruptcy filings in the U.S. have surged to over 500,000 annually, up nearly 50% in three years, as more Americans struggle with debt despite lingering economic concerns.
Gibraltar is scheduled to remove border controls with Spain on July 15, ending restrictions that have defined the territory for generations and opening new economic opportunities for both sides.
