Economy

Economic News

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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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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…

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Economy
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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…

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Economy
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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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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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