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DARK SECRETS: Neil shearing | Rare Historical Photos

Will releasing millions of barrels of oil stockpiles really bring down fuel costs?

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

The Guardian - UK

War with Iran delivers another shock to the global economy

The war with Iran is doing collateral damage to the world economy

The Independent UK

Labour infighting puts chancellor’s budget plan to reassure bond markets at risk

It was hoped manifesto-breaking tax rises might bring down borrowing costs – but party turbulence is likely to spook investors

The Guardian - UK

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The Nations And Firms Threatened By Trump's Pharma Tariffs

Donald Trump has shocked the global drug industry by announcing 100-percent tariffs on all branded, imported pharmaceutical products -- unless companies are building manufacturing plants in the United States.

International Business Times

Enduring confusion is the only certainty amid Trump’s latest tariff threats

Experts suspect ‘front loading’ of activity may mask deeper impact of tariffs on the US economy

The Guardian - UK

‘In economic terms, Trump’s tariffs make no sense at all’

President’s move has no historic parallels, but the deep uncertainty for the global economy may prove as destructive as the tariffs

The Guardian - UK

What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

The Guardian - UK

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Rachel Reeves heads to China to build bridges, but new golden era of relations is impossible

Seeking business partners is sound policy, but even in these darker geopolitical times the UK will still side with the US

The Guardian - UK

Dysfunction and division darken the WTO’s 30-year dream of free trade

As the organisation’s anniversary nears, borders around the world are closing again

The Guardian - UK

BRICS just invited 6 nations including Saudi Arabia and Iran to join—here's why it increases the prospect of dollar replacement

The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.

Fortune

Food prices are squeezing Europe. Now Italians are calling for a pasta protest

High food prices are pinching households across Europe, where food inflation is outpacing other major economies like the U.S., Japan and Canada

The Independent UK

UK has already hit ‘stage three’ of a property downturn

The PM is still extolling benefits of 95% mortgages turning generation rent to generation buy

Evening Standard

Can China preserve both its economy and its zero-tolerance COVID-19 policy?

TAIPEI, Taiwan — China's zero-COVID strategy is starting to derail another major item on the government's agenda: economic stability.

People

Ayatollah Ali Khamenei

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the International Monetary Fund

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