UK and US warned to take action on spiralling debt costs by IMF
The IMF head warns the UK and US must cut borrowing and reduce debt levels, as government interest costs have surged in response to global economic shocks and supply disruptions.
Europe’s car makers are in crisis. Will the threat of war rescue them?
Europe’s struggling car manufacturers are pivoting toward defense contracts as commercial pressures mount, with Ford, Renault, and Jaguar Land Rover bidding for military vehicle and equipment orders.
Critics of UK government’s economic forecaster are ‘shooting the messenger’, say MPs
UK lawmakers defend the independent Office for Budget Responsibility against criticism from across the political spectrum, rejecting calls for fundamental reform while suggesting consideration of a 10-year economic forecast.
How an ‘AI freeze’ could make big AI companies bigger and hurt smaller firms
Tech executives call for AI development slowdown, but critics warn it could entrench leading companies’ dominance and harm smaller competitors trying to catch up.
OECD: global economy more resilient to Iran war than expected
The OECD reports the global economy has proven more resilient to the Iran war than initially feared, though it warns future economic stability depends heavily on achieving a lasting Middle East resolution.
Flyers might have to face more disruption with hotter skies
A June weekend heatwave caused severe flight disruptions across London airports, with climate change raising concerns about increasingly unstable weather and future aviation chaos.