Economy

Economic News

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What Germany's Economic Overhaul Means for Its Economy — WSJ

By Bertrand BenoitBERLIN — Germany unveiled a broad economic overhaul on Thursday in an attempt to jolt its comatose economy back to life and boost the government's approval ratings ahead of elections in the fall.The 34 measures, including tax and welfare benefit cuts, a relaxation of labor market…

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Economy
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Fed's Daly says US policy 'slightly restrictive,' next step uncertain

San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment growth in AI-related technology and a stable labor market it's unclear what the Fed's next step should be."I think there's a scenario…

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Economy
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US Says USMCA Won't Be Renewed, To Hold Talks With Mexico, Canada

OTTAWA (dpa-AFX) - The Trump administration has announced that it will not renew USMCA, a free trade agreement among the United States, Mexico, and Canada.'The United States did not agree to renew the USMCA in its current form. As a result, the USMCA is not renewed,' US Trade Representative Jamieso…

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Economy
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Lenders braced for fall in demand for mortgage borrowing

Publishing its latest credit conditions survey, the BoE found that the availability of secured credit to households was unchanged in three months to May end, and was expected to increase over the next three-month period. However, while demand for secured lending for house purchase increased in the…

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Economy
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Cyprus Inflation Climbs To 32-month High

NICOSIA (dpa-AFX) - Cyprus' consumer price inflation accelerated in June to the highest level in more than two-and-a-half years, preliminary data from the statistical office showed on Thursday.The consumer price index climbed 3.2 percent year-on-year in June, faster than the 2.6 percent increase in…

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Economy
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France fines Tagor 'shadow fleet' tanker linked to Russian oil €1 million

French authorities on Thursday fined the 'Tagor' tanker, which they intercepted and impounded at the end of May over its role in shipping Russian oil and gas, €1 million ($1.1 million).• The French Ministry of Justice added in a statement that the Tagor was now free to leave French waters, followin…

Reuters en
Economy
NEWS reuters

US to give Tanzania $1.3 bln under five-year health pact

The United States has signed a memorandum of understanding with Tanzania to invest more than $1.3 billion in its health sector over the next five years, the latest in a series of deals that have caused controversy in some African countries.The agreement, signed late on Wednesday, is similar to thos…

Reuters en
Economy
NEWS dow-jones

U.K. Households Stay Resilient Despite Geopolitical Tensions — Market Talk

The latest Bank of England credit conditions survey shows mortgage demand increased in the second quarter. The data show that U.K. households weathered the Middle East tensions notably well potentially helped by the dip in U.K. inflation in April and the BOE interest rates not rising, Propertymark…

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Economy
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U.K. Could Raise Taxes as Spending Pressures Intensify — Market Talk

The U.K. government could increase taxes at the autumn budget to meeting growing spending requirements, UBS Global Research economists say in a note. The government needs funds to finance defense projects, energy support programs, and any additional investment projects, the economists says. There i…

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Economy
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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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Economy
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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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Economy
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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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