Asos demands £7m in tariff refunds from US as firms rush to make claims
Hundreds of thousands of firms could potentially win back some money after the tariffs were struck down.
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Annual UK borrowing falls by £20bn but Iran war clouds outlook
The improvement in government finances is unlikely to last, analysts say, with the impact of the Iran way yet to hit.
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Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
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Trump extends Iran ceasefire — but market focus has already drifted elsewhere
Prospects for further negotiations remain uncertain, with Tehran and Washington offering conflicting signals on the ceasefire's status.
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Oil prices fluctuate as status of US-Iran peace talks remains unclear
US President Donald Trump said he will extend a ceasefire with Iran until peace talks have progressed.
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Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
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Fed Chair nominee Warsh says monetary policy should remain independent, but Fed must 'stay in its lane'
Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
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Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
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'Resumption of hostilities': seized ship, vessel attacks push U.S.-Iran ceasefire toward brink
A U.S. seizure of an Iranian cargo ship and reports of vessels coming under fire in the Gulf have pushed a fragile ceasefire with Tehran to the brink.
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Fed Governor Waller says Iran war and labor market risks are keeping central bank on hold
Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach to interest rates.
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New York Fed President Williams worries war will slow growth, aggravate inflation
Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.
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UK economy grew 0.5% in February, beating economists' expectations by a long shot
Economists polled by Reuters expected U.K. gross domestic product (GDP) to have expanded by 0.1% month-on-month.
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Japan pledges $10bn to help Asian countries deal with oil crisis
The aid is roughly equivalent to a years worth of crude oil imports by Asean countries.
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Daniel Duggan: Australian citizen and ex-US Marine pilot loses extradition appeal
Daniel Duggan was arrested in 2022 over claims he illegally trained the Chinese military in South Africa.
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Allbirds shares soar after pivot from footwear to AI
The company is selling off its shoe brand as it plans to shift to providing technology infrastructure.
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Here are all the ways the Iran war has affected the U.S. economy so far
The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much.
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Geelong fire: Blaze at Australian oil refinery to impact petrol supplies
The fire has deepened fears over the nations petrol supplies amid a global crunch.
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Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
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CEOs are betting AI will augment work rather than displace all workers
Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that's already done, improving its quantity and quality.
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Wholesale prices rose 0.5% in March, much less than expected despite war impact
The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
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