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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Economy

President Donald Trump greets Canadian Prime Minister Mark Carney at the White House
New Economy
Wednesday, 8/19, 10:32 PM

Trump pauses 50% tariffs as the US and Canada close in on a trade deal

  • President Donald Trump paused threatened 50% tariffs on roughly $20 billion of Canadian goods for three days on Wednesday, saying the two countries had reached 'a very fair' trade agreement that still needs its documents finalized.
  • Prime Minister Mark Carney was more guarded, saying substantial progress had been made but important work remains.
The Bank of England on Threadneedle Street, London
Economy 28 d

UK inflation falls to 2.6% as fuel and food prices ease

  • UK consumer price inflation slowed to 2.6% in the year to June, down from 2.8% in May, as cheaper motor fuel and slowing food prices pulled the rate closer to the Bank of England's 2% target.
  • Food inflation eased to 1.7%, its lowest since August 2024.

In brief

In brief

A waterworks building beside a reservoir in England
Economy 40 d

UK Plans Legally Binding Debt Limits for Water Companies

  • The UK government plans to impose legally binding limits on how much debt England's water companies can carry, an attempt to stop a repeat of Thames Water's near-collapse under roughly 20 billion pounds of borrowing.
  • It is part of a wider overhaul of a privatised sector criticized for paying dividends and piling on debt while sewage spilled into rivers.

In brief

In brief

In brief

Economy news — inflation, central banks and jobs

The Economy section brings together the data and decisions shaping the world economy: inflation and growth, interest rates and central banks, employment, trade and the policy choices of governments. We keep you up to speed on what hits your wallet and the wider outlook.

We explain the economy in plain language, so you understand what is behind the numbers and how decisions by central banks, governments and companies show up in everyday life — in mortgage rates, the price of groceries and the outlook for your line of work.

The economy ties into the bigger picture — follow also markets, companies and personal finance.