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The Guardian Business
FinanceEN-GB

US inflation rose 0.4% in October as price increases cooled and gas costs dipped

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month. The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in October 2025 during the government shutdown. Continue reading...

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a man pumping gas
The Guardian Business
FinanceEN-GB

Yabba dabba doo! Could these bulging, Flintstones-style towers be the future of eco-building?

Ruggedly good-looking and greener than bricks and concrete, Petra Heights are made of three-metre slabs of rough rock. Could they herald a new stone age? Our writer fires up his Flintmobile There’s been a geological eruption on London’s Finchley Road. Great chunks of pink basalt and igneous larvikite appear to have exploded from the railway cutting, shooting skywards to form teetering towers. Anyone trying to find Finchley Road & Frognal station need wonder no more: just look for the multistorey Stonehenge. Countless apartment towers have sprouted above London’s stations in recent years, a result of public transport-oriented policies, but none have looked like the Flintstones were in charge. Continue reading...

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Petra Heights' angular red-brick towers with recessed windows rise above older terraced shops
The Guardian Business
FinanceEN-GB

Tech’s biggest names sank a tax on billionaires’ wealth with $425m and a familiar playbook

California saw the most expensive opposition campaign in its history as funding of political campaigns broke records in the US midterms In the hours after polls closed on election day, tech industry players began praising Sergey Brin, the co-founder of Google, on social media. “Huge thanks to Sergey Brin here,” wrote Garry Tan, the CEO of Y Combinator. Venture capitalist Ilya Sukhar posted: “God bless Sergey Brin.” And David Marcus, a crypto entrepreneur, simply wrote: “Hero.” Continue reading...

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people holding "No on Prop 40" and "Protect Our Jobs" signs
The Guardian Business
FinanceEN-GB

A Trump proposal would punish single parents. Other wealthy countries have a different approach

Canada, the Netherlands and Sweden offer extra support to solo-parent households. In its latest pronatalist push, the Trump administration aims to shift funds away from them When news broke that the Trump administration planned to pay married couples to have one parent stay home with their kids, everyone from policy wonks to Redditors bemoaned what they saw as a new front in the mommy wars. The proposal would shift funds that subsidize childcare for low-income working parents – the majority of them single parents who rely on childcare providers – to low-income married couples with one earner. Given that most single parents and stay-at-home parents are women, and both groups would be applying for the same limited funds, it seemed almost designed to pit moms against each other. Continue reading...

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collage of two different family pictures; one has money in the background and in the other shows a mother, father and child on a red background
The Guardian Business
FinanceEN-GB

Pharma firms’ focus on weight-loss drugs could put insulin supply at risk, experts warn

GLP-1 products such as Ozempic and Mounjaro spread but many in poorer countries struggle to get basic diabetes treatment The gold rush into GLP-1 weight-loss drugs risks diverting pharmaceutical firms’ attention away from diabetes treatments such as insulin, the head of the Access to Medicine Foundation has warned. GLP-1 blockbuster medications such as Novo Nordisk’s Ozempic and Eli Lilly’s Mounjaro have revolutionised obesity and diabetes treatment but there has been a greater focus by companies on weight loss, according to a report from the Netherlands-based non-profit group. Continue reading...

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Weight-loss injection pen boxes labelled Mounjaro, Wegovy, Ozempic and Zepbound stand with pens beside them
The Guardian Business
FinanceEN-GB

This small Alaska town is swamped by cruise ship visitors every summer. But what happens when they all go home?

Skagway’s 1,100 permanent residents are caught between a boom time – when the ships bring more than a million tourists – and a lull in winter October comes to the small Alaska coastal town of Skagway like a sigh. The shops that were bustling throughout the crazed tourist season are reducing their opening hours or beginning to close. The hordes of employees sleeping in overcrowded bunkhouses are leaving or have left. The crowds of cruise passengers who have filled the streets since April, wearing lanyards emblazoned with the names of their ships, have dwindled to a trickle. Soon, they will all be gone. Snow is visible on the nearby mountains. Continue reading...

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A wide high street in a small town lined with two-storey buildings, busy with pedestrians but with few vehicles. An enormous ship is at the end of the street
The Guardian Business
FinanceEN-GB

Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy

California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang Nvidia’s board needs to do some succession planning – sharpish Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company. The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy. Continue reading...

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Jensen Huang, Nvidia's CEO, smiles in a leather jacket beneath the Nvidia sign
The Guardian Business
FinanceEN-GB

‘The many v the money’ should frame the next US Congress

If Democrats want to keep the blue wave going into 2028, they have to take on the billionaire class Welcome back to How We Win, a Guardian opinion series with leading thinkers, offering bold ideas for America’s political future. Last week, Judd Legum shined a spotlight on the role of dark money in US elections. Today’s edition was written by Naomi Klein, Guardian US columnist and author of End Times Fascism: And the Fight for the Living World, co-written with Astra Taylor. To see the battle lines of the post-midterm era in sharp relief, look to Texas. The oligarchs in this battle seem to have no loyalty to the nations, states and cities that helped them grow their enormous wealth. Continue reading...

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People hold signs outside reading 'workers over billionaires' and 'America, we have a problem! Our democracy is dying!'
The Guardian Business
FinanceEN-GB

US and rest of world must follow China’s lead on green energy, says John Kerry

Former US secretary of state says most nations are ‘stumbling along’ while Beijing has ‘hugely accelerated’ Cop31 live – latest updates China is leading the world in moving away from fossil fuels, and the rest of the globe – including the US – must now follow, the former US secretary of state John Kerry has told the Guardian, as Cop watchers wonder exactly how China is going to approach this year’s climate summit. As Cop31 opens – this year the climate conference is in Turkey – there is plenty of speculation about whether China will finally step into the leadership role that it has long avoided. In its latest “five-year plan” adopted in March 2026, China for the first time pledged to “actively participate in and lead global climate governance”. Cop31 could provide the first indications Beijing is ready to put that rhetoric into action, something it has historically been reluctant to do. Continue reading...

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A man watching over sheep grazing beneath solar panels at sunrise or sunset
The Guardian Business
FinanceEN-GB

‘We said no, no, no, but they kept insisting’: the Paraguayan people battling a eucalyptus empire

It is Paraguay’s largest private investment but local people accuse a forestry giant of ignoring their contamination concerns over its vast plantation When Paracel arrived in Tacuarita, an Indigenous community of homes made from planks and plastic sheeting in Paraguay’s poorest region, six years ago, it was a welcome sight. The company improved the dirt roads and dug an electric-powered well, saving villagers a two-mile journey to fetch water from a cattle pond that often made them sick. It also gave dozens of local people forestry jobs. “They fulfilled all their promises,” says Florencio Garcete, 55, chief of the Mbya Guaraní community of 211 people. Continue reading...

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Neat rows of tall eucalyptus trees with no undergrowth
The Guardian Business
FinanceEN-GB

Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’

Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over”. Brent crude, the global oil benchmark, fell nearly 3% to $89.66, the lowest since 31 August, on Tuesday morning, after the US president downplayed the need for military action against Iran “at this point”. The fall came after a near 6% drop on Monday on signs that the conflict might be nearing an end. Continue reading...

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Oil tanker Atlas sails the Scheldt River near Hansweert, Netherlands
The Guardian Business
FinanceEN-GB

Britons stockpiling water and food tins but not panic buying, figures show

Shoppers appear to have taken government’s Be Ready campaign seriously, retail analysts say British shoppers have been stocking up on essentials such as bottled water, tinned goods and hand sanitiser, but did not panic buy after the government advised people to prepare for emergencies, shopping data has shown. Sales of essentials jumped in the 10 days after the government launched its Be Ready campaign, which encourages households to prepare for up to three days in the event of disruption to essential services from incidents such as cyber-attacks or extreme weather. Continue reading...

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Tins of baked beans on the shelf of an Asda supermarket in east London
The Guardian Business
FinanceEN-GB

How a chat with ‘auntie’ helped a young worker bag free money in a UK pensions scheme

Joining a company scheme at 18 seemed ‘too expensive’ for Rio until someone close put him right One 20-year-old’s financial future is looking brighter after his aunt convinced him to join his workplace pension and take advantage of the “free money” on offer. Rio started working at 18, too young to be “auto-enrolled” into his company’s pension scheme. He as given the option to join but had decided not to because he felt it was too expensive – but, fortunately for him, his “Auntie Susan” is a pensions expert at a leading retirement firm, and she soon put him right. Continue reading...

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A smiling young man with curly hair sits at a table, arms crossed, wearing a watch
The Guardian Business
FinanceEN-GB

Author Jojo Moyes among UK travellers at risk of EU ban amid digital border system glitches

Errors in entry and exit records leave some Britons wrongly flagged as having overstayed post-Brexit 90-day limit EU sues IBM and two European firms over entry/exit border system The writer Jojo Moyes is facing a two-year EU travel ban and €10,000 (£8,300) fine because of glitches with the bloc’s digital security controls. She is one of a number of UK travellers who say their trips to the EU have not been properly recorded since the introduction of the EU digital entry and exit system (EES). Continue reading...

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The EU’s digital entry and exit system was launched last year to replace passport stamps with biometric checks, but its rollout has been beset by technical problems.
The Guardian Business
FinanceEN-GB

Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy

Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare Lombardelli Young people in Britain are bearing the brunt of a “low-gear economy” as employers hold back from hiring amid the fallout from the war in the Middle East, a deputy governor of the Bank of England has warned. Clare Lombardelli, the Bank’s deputy governor for monetary policy, said the unfolding conflict, which has triggered a surge in energy prices and clouded the outlook for the economy, was contributing to an increase in youth unemployment. Continue reading...

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Bank of England's Clare Lombardelli gestures while speaking at a press conference
The Guardian Business
FinanceEN-GB

EU manufacturers could give up on competing with China by 2030, warns commerce chief

Jens Eskelund says Europe may need to allow its companies to become part of Chinese firms’ supply chains Europe’s manufacturers could give up on attempting to compete with their Chinese counterparts by the end of the decade if current trends continue amid fears over mass job losses, the head of the European Union Chamber of Commerce in China has warned. In a case of “if you can’t beat them, join them”, Jens Eskelund said European companies operating in China were now thinking “Made in China for China” could be replaced by a philosophy of “Made in China for the world”. Continue reading...

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A humanoid robot makes tea at the China import expo in Shanghai
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