Economic News

Diesel vehicle sales hit by shift to LNG while US tariffs and weak demand in Europe add to German group’s woes

Most major US trading partners have yet to retaliate against Donald Trump’s sweeping tariffs

Manufacturer expects net loss of €2.3bn after suspending financial guidance earlier this year

Encouraging institutions to get bigger by taking risks is the opposite of what Reeves should do

Policy and events have ‘greater impact on value and profits than in many decades’, study shows

Head of Network for Greening the Financial System also admits supervisors underestimated risks of warming planet

Also in today’s newsletter, EU cracks down on state meddling in bank M&A, and inside India’s RSS

ERS predicts 2.2% increase in food-at-home prices in 2025. Figure 1: CPI food-at-home (black); ERS forecast of January (light blue square), ERS forecast of March (red triangle), ERS forecast of June (inverted green triangle). Source: BLS via FRED, ERS, and author’s calculations. While food-at-home inflation has decreased, it still remains the fact that grocery prices are rising — not falling. Further PPI-food manufacturing continues to rise, so we can be reasonably confidence of continued grocery price increases.    

Unusual climatic events are directly linked to short-term spikes in cost of basic foodstuffs, study shows

Plus, British PM gets an end-of-term grilling, EU-China summit and the ECB meets to set rates