Nigeria’s economy 30% bigger after GDP recalculation
First statistical rejig in more than a decade makes debt ratios appear healthier
Economic News
AstraZeneca pledges $50bn in US investment as Trump pharma tariffs loom
Sector faces threat of levies as high as 200% on overseas imports
How the Fed will deal with Trump’s budget
The One Big Beautiful Bill Act loosens fiscal policy; the Fed will need to decide whether to tighten in response
UK borrowing rises more than expected in June to £20.7bn
Monthly figures come amid growing expectations of tax increases in Autumn Budget
The growing Brics divide between carbon and electro-states
Energy systems can shape political institutions and make some nations more vulnerable to trade wars than others
Restrictions on capital flows should be considered
While not without costs, such a move solves some deep economic problems
China moves to widen influence at UN and fill US power vacuum
Beijing makes concerted effort to place officials and push its agenda in Geneva, say western diplomats
BYD executive labels UK EV subsidies ‘stupid’ as carmaker expands
Company EVP Stella Li pledges to create more than 5,000 jobs in Britain through dealerships by next year
Something Is Still Rotten in the City of Philadelphia
Kim Kelly Philly workers went out on strike—and came back with a deal that nobody seems to like. The post Something Is Still Rotten in the City of Philadelphia appeared first on The Nation.
The Democratic Party Remains Committed to Learning Nothing From Its 2024 Defeat
Jeet Heer The Democratic National Committee’s forthcoming “autopsy” is a cover-up to protect the failed leaders who twice lost to Trump. The post The Democratic Party Remains Committed to Learning Nothing From Its 2024 Defeat appeared first on The Nation.