Rich nations must cut debt as global shocks push up borrowing costs, IMF chief tells BBC

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Oil fell Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.

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Critics of UK government’s economic forecaster are ‘shooting the messenger’, say MPs

Treasury committee rejects calls for fundamental reform of independent watchdog the Office for Budget Responsibility Attacks on the government’s independent economic forecaster from left and right of the political spectrum are akin to “shooting the messenger”, according to an influential group of MPs. The Treasury committee rejected “siren calls to fundamentally reform” the Office for Budget Responsibility (OBR) and said it should not be blamed when policymakers had to make tough decisions because of tight public finances. Continue reading...

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Thinktank linked to Reform UK calls for abolition of state pension

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The Guardian·2h ago

Europe frets about Trump. But soon he could be the least of our problems | Mujtaba Rahman

The US relationship is stabilising, but how will Europe face up to Russia and China if President Le Pen is in power? I addressed a group of more than 100 European ambassadors recently on the big challenges facing the continent this year and next. My main point to these senior diplomats was that, perhaps counterintuitively, Europe’s biggest external challenges over the next 12 months will come from Russia and China, rather than the US. Europe’s relationship with Trump’s America remains difficult. The US president has weakened confidence in Nato, raised new transatlantic trade tensions and introduced uncertainty into everything from US support for Ukraine to his territorial designs on Greenland. Yet paradoxically, and notwithstanding Trump’s latest tariff threats over the EU’s outreach to Canada, the transatlantic relationship is becoming the more stable part of Europe’s external environme

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Will Trump's AI rebrand to 'super intelligence' catch on?

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In photos: Key takeaways from day one of the UN General Assembly

World leaders descended on New York for the annual United Nations General Assembly, where the agenda covers topics from wars to the risks posed by AI.