Trump’s ‘Liberation Day’ tariff refunds hit $100bn
The repayments represent roughly 60% of all tariff revenue collected by the US government under the policy,
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PRESSIVIO DESK
ECONOMY
Verified reports, attributed news briefs and independent analysis from Pressivio’s Economy desk.
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Latest in Economy
Prioritise new jobs over green targets to win public contracts, firms told
The changes are part of government efforts to tackle the youth unemployment crisis.
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Government to prioritise job creation in awarding public contracts under new rules
The changes are part of government efforts to tackle the youth unemployment crisis.
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Trump says Iran will be ‘hit very hard’ if Hormuz Strait not open soon as oil prices fall
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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Oil prices fall on hopes Strait of Hormuz could reopen
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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BP’s $5.7bn profit highest since 2022 as Iran war pushes up oil price
Higher oil prices boost the energy giant's results while environmental groups accuse it of profiteering.
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US states sue to block Trump tariffs impacting dozens of countries
The duties were imposed over claims that 60 US trading partners have failed to tackle forced labour.
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Stick to spending limits, PM and chancellor tell ministers in joint memo
The Chancellor said the Budget on 28 October would “meet our fiscal rules” and give families "stability" to plan for the future.
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UK petrol prices hit highest level since Iran war began
The price of unleaded hits 160p a litre, according to motoring group the RAC, as oil prices remain elevated.
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South Korean shares soar after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.
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