Introduction: Japan hikes interest rates to highest since 1995 Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The inflationary consequences of the US-Iran war continue to ripple across the global economy, even though the US and Iran have agreed a memorandum of understanding (MOU) to end … Read more
British armed forces intercepted and boarded a Russian shadow fleet oil tanker in the Channel in the early hours of Sunday, Keir Starmer has confirmed. In a six-hour operation, the first of its kind to be led by the UK, Royal Marine commandos and officers from the National Crime Agency boarded and took control of … Read more
Introduction: SpaceX raises $75bn in world’s biggest IPO Good morning. Elon Musk’s SpaceX will touch down on the US stock market today after successfully conducting a record-breaking initial public offering, but will its shares head towards the moon? Shares in the rockets-to-satellites-to-AI company will begin trading in Wall Street today, after SpaceX raised $75bn through … Read more
Introduction: Asian stocks fall as Iran and US exchange fire Asian stocks have fallen sharply after Iran and the US exchanged their biggest round of fire since a ceasefire was agreed in April. The US launched strikes against Iran after Donald Trump blamed Tehran for downing a US army helicopter near the strait of Hormuz. … Read more
Introduction: Markets hit by Iran crisis and tech sell-off Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets across Asia-Pacific countries are in retreat today, as investors fear a rise in US interest rates, renewed conflict in the Middle East, and an end to the … Read more
With its windows blanked out, a poster pinned to the door of the Staines branch of Lloyds Bank tells its customers they can do their “everyday banking with our mobile banking app”. But not today. On Wednesday, when the Guardian visited Staines, they wouldn’t have got very far because the Lloyds group was battling an … Read more
Introduction: SpaceX aimes for largest IPO ever with $1.8tn valuation Good morning, and welcome to our rolling coverage of busines, the financial markets and the world economy. “Rockets are hard,” as Elon Musk pointed out last week after rival Jeff Bezos’s New Glenn rocket exploded during a test in Florida last week. But launching the … Read more
Introduction: Alphabet to raise $80bn for AI spending Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The economics of the AI boom are back in focus today, after Google’s parent company Alphabet said it plans to raise up to $80bn in equity to – in part … Read more
You have had McAfee antivirus software installed on your laptop for years after becoming fearful that your computer would be infected. So when an email arrives to say your protection is about to expire, you are not surprised. Better still, there is a “renewal discount” of 89% if you pay on the same day. “Once … Read more
Key events Show key events only Please turn on JavaScript to use this feature Inflation in France rises at fastest pace since 2024 Inflation in France accelerated at the fastest pace level in two years in May, feeding expectations that the European Central Bank could raise interest rates. Consumer prices rose 2.8% from a year … Read more