Economy

Economic News

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World Cup, 250th anniversary to help drive up July 4 travel even as high fuel prices bite

By Shivansh Tiwary and Aishwarya JainThe number of Americans expected to travel into the weekend as the U.S. marks its 250th anniversary is expected to rise modestly this year, with a small fillip from the FIFA World Cup, even as high airfares and gas prices dampen some holiday plans.Data from the…

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Eurozone House Price Growth Moderates

BRUSSELS (dpa-AFX) - Eurozone house prices increased at a slower pace in the first quarter, Eurostat reported Thursday.House prices rose 4.7 percent year-on-year in the first quarter, weaker than the 5.1 percent increase in the fourth quarter.Meanwhile, house prices growth doubled to 1.0 percent on…

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Peter Ballantyne Cree Nation Drops Legal Challenge to Denison's Uranium Mine Project

By Kelly CloonanPeter Ballantyne Cree Nation has abandoned its legal challenge to Denison Mines' Wheeler River, a uranium mining project in Saskatchewan.Denison said Thursday that PBCN withdrew the judicial review application it previously filed regarding environmental assessment approval from the…

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Consolidated Lithium Metals Completes Updated Preliminary Economic Assessment for the Kwyjibo Underground Mining Project | Pre-tax IRR @ 46.5% | Post-tax IRR @ 35.4% 2.67 Hectare Mine Surface Footprint | Processing Facilities Located Offsite | No Residues Stored at Mine Site Surface

TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. TSXV:CLM | FRA:Z36 | OTCQB:JORFF ("CLM" or the "Company") is pleased to announce the results of the Updated Preliminary Economic Assessment ("Updated PEA") for the Kwyjibo Rare Earth Oxide Project ("Kwyjibo" or the "Project…

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Bitcoin Extends Gains After Fed's Warsh Dampens Rate Rise Bets — Market Talk

1118 GMT - Bitcoin rises to a one-week high as markets scale back expectations for interest-rate rises by the Federal Reserve slightly. The repricing comes after Fed Chair Kevin Warsh said Wednesday that inflation risks had eased. Markets responded to his comments by largely pricing out a July rate…

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Swiss Inflation Edges Lower After Energy Prices Cool — Update

By Ed FranklSwiss inflation edged lower in June, the first decline since higher energy prices prompted prices to accelerate after the outbreak of the war in Iran.The annual rate of inflation was 0.5%, lower than the 0.6% of both April and May, Swiss data agency FSO said Thursday. Inflation in the p…

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U.K. Could Relax Fiscal Rules to Meet Rising Spending Needs — Market Talk

The U.K. government could ease current fiscal policies due to near-term spending pressures on defense and energy, UBS Global Research economists say in a note. Andy Burnham, the frontrunner to succeed Keir Starmer as prime minister, this week announced his economic policies. Burnham's plan to grow…

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Economy

Wall St futures mixed as investors await payrolls data

By Niket Nishant and Avinash PWall Street futures were mixed on Thursday as investors awaited the June employment report, while a lack of progress in negotiations to end the Middle East war weighed on sentiment.Markets had a choppy session on Wednesday, with the main indexes settling lower, as Fed…

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India needs to increase oil, fuel storage capacity, minister says

India needs to increase its oil and fuel storage capacity while oil prices are low, and intensify outreach to bilateral partners, Oil Minister Hardeep Singh Puri said on Thursday.The sum total of crude stocks at ports, terminals, refineries and in strategic petroleum reserve is enough to last 76 to…

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EconomyFutures

CMA CGM Buys FedEx Supply Chain; Kroger's Bet; USMCA Fate

Sponsored byCMA CGM Buys FedEx Supply Chain; Kroger Bets on the East; U.S. Won't Extend USMCA By Mark R. Long | WSJ Logistics ReportFrance's CMA CGM is acquiring FedEx Supply Chain for $1.4 billion in a deal that extends the world's No. 3 container line's reachinto the growing market for third-part…

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UK consumer confidence rises but remains fragile, survey shows

The report's headline consumer confidence gauge rose just 0.4 points to 105.3 last month, marking the second consecutive increase and continuing a string of positive readings – indicated by any figure above 100 – that began in mid-2023.Opinions about household finances picked up, with the retrospec…

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Five charts that explain the energy world right now: Maguire

By Gavin MaguireThe latest data dump from the Energy Institute has landed, and as ever, it's an energy analyst's dream: sprawling, consistent and packed with signals about where the global system is heading.The 75th edition of the Statistical Review of World Energy doesn't point to a single neat na…

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Economy
NEWS reuters

Indonesia state utility secures additional coal after supply crunch

Indonesian state electricity firm Perusahaan Listrik Negara (PLN) has secured additional coal shipments for its electricity system in Java after supply issues caused a series of power outages, its chief told members of parliament on Thursday.

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Eurozone Jobless Rate Unchanged At 6.2%

BRUSSELS (dpa-AFX) - The euro area unemployment rate remained unchanged in May, data from Eurostat showed Thursday.The jobless rate came in at 6.2 percent in May, unchanged from April but down from 6.3 percent seen in May 2025. Economists had forecast the jobless rate to edge up to 6.3 percent.Data…

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Economy

German reform package offers glimmer of hope

GERMAN REFORM PACKAGE OFFERS GLIMMER OF HOPEAfter being unceremoniously dumped out of the World Cup by Paraguay, Germany finally has something to cheer.It might not be as glamorous as the Jules Rimet trophy but Germany's ruling coalition has finally unveiled a package of reforms that analysts belie…

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