A new version of the Iran nuclear deal would be very different from the original, said Djavad Salehi-Isfahani, an economics professor at Virginia Tech.
The euro fell to a two-decade low of 0.9903 against the U.S. dollar and strategists predict further euro depreciation in the coming months.
Policy moves to tackle a looming crisis are being debated but not enacted as the nation waits for the Conservative Party to choose the new prime minister.
Inflation is hottest in the job market as consumer and producer price data eases, and the Fed will be watching wage growth closely as rate hikes continue.
Warren Buffett’s Berkshire Hathaway received permission to purchase up to 50% of oil giant Occidental Petroleum.
Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. are struggling to make ends meet.
Russia has drastically reduced natural gas supplies to Europe, with flows via the Nord Stream 1 pipeline currently operating at just 20% of agreed volumes.
U.K. inflation rose to another 40-year high in July as spiraling food and energy prices continued to intensify the country’s historic squeeze on households.
Moscow is scrambling to recalibrate its economy after international sanctions disrupted trade and all but ostracized Russia from the global financial system.
Personalized coffees, “prestige” skincare and “elevated” spreads: companies are focusing on premium products — and consumers seem to love it.