Three provisions in particular stand out. First, the bill kills “transferability”. The IRA incentivised companies with a wide range of tax liabilities to invest in clean energy. The new bill eliminates this sweetener, even for technologies like nuclear power and carbon capture that are generally favoured by Republicans.

Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending.

The Bank of England has previously estimated inflation to spike at 3.7% between July and September, before dropping.

By Rocky Swift TOKYO (Reuters) -Japanese government bonds remained stable on Friday, after a volatile week in which super-long yields hit record highs as inflation and fiscal concerns sapped demand for debt.

Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.

A certain white-knuckle angst accompanied Britain’s early-morning inflation releases in 2022 and 2023, when prices were rising at a pace not seen in decades. Lately, the mood has been calmer. But new figures for April, published on May 21st, brought unwelcome flashbacks to the economists, traders and mandarins watching the data.

President Trump’s approval rating slipped slightly this week in the latest weekly Reuters/Ipsos polling, as voters voice economic concerns. The survey put Trump’s job approval at 42 percent, matching the second-term low point recorded last month and down from 44 percent last week. The latest change is within the poll’s 3-point margin of error, but…

Mexico's headline inflation rose more than expected in the first half of May, data from the national statistics agency showed on Thursday, jumping outside the central bank's target range for the first time this year.