Economy News - LeadStory

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China extends probe into EU dairy products

China has extended its anti-subsidy investigation into European Union dairy imports by six months, showing little sign of let up in a two-front trade war with Brussels and Washington.

Reuters

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Why some beers are seeing price hikes, but others are not

Breweries are struggling with rising prices of hops, barley, aluminum cans, and more. Why they are raising prices on some beers...but not all of them.

Scripps Local

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Food prices on the rise

The U.S. economy has a case of food-flation. Wholesale prices for fresh veggies soared by a record amount last month while grocery costs were up 2.2% compared to last year. Lisa Rozner reports on how consumers are dealing with rising costs.

CBS America

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South Africa starts 'national dialogue' about poverty, inequality

South African is starting a “national dialogue” that is meant to bring all sectors of society together to discuss the country’s most pressing issues and find solutions.

Africanews

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Who is paying the high cost of tariffs?

Economic indicators this week have showed new effects of President Donald Trump's tariffs. For American consumers, there could still be price hikes ahead, from groceries to clothing to vehicles.

Scripps News

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What's driving the overtourism backlash?

Summer is here and crowds are getting ⁠booed ⁠in some places in the world. ⁠Ciara Lee looks at the economic ⁠trade-offs⁠ at play in mass tourism as backlash grows in places like Spain and Japan.

Reuters

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Trump weighing a U.S. stake in Intel

The Trump administration is in talks with Intel to have the U.S. government potentially take a stake in the struggling chipmaker citing people familiar with the plan.

Reuters

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DRC conflict leaves diabetics struggling for insulin

Conflict in eastern DR Congo has caused insulin shortages, soaring prices, and perilous access for diabetics as fighting disrupts healthcare

Al Jazeera

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DOGE is overstating savings from contract cuts

While the Department of Government Efficiency was largely created to reduce federal spending, multiple reports show DOGE is vastly overstating how much money it has saved.

CBS America

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U.S. wholesale prices hit highest level in 3 years

U.S. wholesale inflation jumped unexpectedly in July, a sign that higher prices could soon hit consumers. Claire Jones, an economics editor for the Financial Times, joins to discuss.

CBS America

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'Lipstick effect' shows consumers seeking small luxuries

The "lipstick effect" — a theory that people buy small treats when they can't afford big purchases — could be happening right now as consumers face economic uncertainty, according to experts.

Scripps Local

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San Diego school enrollment declines as cost of living hurts families

San Diego County public schools have lost about 27,000 students over the past 10 years, with San Diego Unified School District alone seeing a decrease of nearly 10,000 students since the 2017-2018 school year.

Scripps Local

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UK economy grew faster than expected in second quarter

Victoria Clarke, UK chief economist at Santander CIB, examines the UK economy as gross domestic product rose 0.3% in the second quarter, beating the 0.1% forecast by both private-sector economists and the Bank of England.

Bloomberg

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Tinubu sets ambitious growth goal for 2027

Nigeria's president has set a target of 7% annual economic growth, aiming to lift the country out of its financial struggles. In the first quarter, Nigeria's economy grew by 3.13%, a figure boosted by a rebasing of its gross domestic pro...

Africanews

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Chinese hotels turn to hawking food amid economic pressure

Luxury hotels like Beijing’s Beiyuan Grand are selling gourmet dishes on the street to offset falling indoor revenue. With travel, banquets, and private dining down sharply, at least 15 high-end hotels nationwide have adopted similar str...

Reuters

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Americans share struggles to stay cool as energy costs rise

Electricity costs are surging as climate change makes the hottest days of the year even hotter. David Schechter reports.

CBS America

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What does the July inflation report mean for your finances?

Consumer prices in July rose 2.7%, the same annual increase as June. However, the core rate, which removes good and energy categories that are more volatile, increased by 3.1%. CBS News business analyst Jill Schlesinger breaks down the r...

CBS America

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How are Trump's tariffs impacting the economy right now?

The Producer Price Index, which shows the wholesale cost of goods, is set to be released Thursday with economists saying it will give better insight into how President Trump's tariffs are impacting the U.S. economy. Constance Hunter, chi...

CBS America

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Why Croatia is no longer a budget-friendly destination

Croatia was long seen a budget-friendly Adriatic vacation destination. But that's been changing in recent years. What impact is this having on its attraction for foreign visitors -- and locals, too?

DW News

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Bolivia right-wing presidential hopeful vows 'radical change'

One of the front-runners in Bolivia's upcoming presidential election, right-winger Jorge Quiroga, told AFP the country was poised for "radical change" after two decades of socialist rule marked in recent years by a severe economic crisis.

France 24

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U.S. seeing rolling pockets of inflation, says Schwab's Sonders

Liz Ann Sonders, chief investment strategist at Charles Schwab says to expect to see a wider range of dissent within the Federal Reserve going forward. She also discusses the effects of the implementation of the Trump administration's ta...

Bloomberg

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UN warns of catastrophic hunger crisis in Yemen

The United Nations has issued a warning regarding a critical nutrition crisis for children in Yemen during a Security Council meeting on Tuesday.

Africanews

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How Sri Lanka is trying to solve a growing household debt problem

The United Nations is warning that a large number of households in Sri Lanka, are grappling with debt. That's as the country tries to recover from its worst economic crisis. But despite the economy stabilising, many people are still stru...

Al Jazeera

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Syria revives tech sector after Assad's fall and lifting of sanctions

Syria is making efforts to restart the economy and revive several sectors after the fall of the Assad regime. This includes its Tech and IT industries which many hope will lead to more jobs.

Al Jazeera

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Dubai's booming housing market shrugs off ghosts of 2009

The Dubai real estate market has been booming since 2020, with some observers wondering if it is a bubble ready to burst, while others point to stringent lending rules and maturing market regulation.

Bloomberg

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Bessent dismisses China investing in U.S. for a trade pact

Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact. He said his "sense is no" to China making pledges worth billions of dollars like Japan, South Korea and the EU...

Bloomberg

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Norway's wealth fund to divest from Israeli companies

Norway's $2 trillion wealth fund said it expects to divest from more Israeli companies over the situation in Gaza. A review of investments began last week following media reports that the fund had built a stake of just over two per cent ...

CBC News

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Cambodian migrant workers flee Thailand amid border conflict fears

Hundreds of thousands of Cambodian workers are fleeing Thailand, even as a fragile ceasefire between the countries appears to be holding. Emotions are still running high after five days of cross-border fighting last month, which killed s...

Al Jazeera

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Bolivia heads to presidential election amid an economic crisis

Bolivia faces its worst economic crisis in decades as voters prepare for the August 17 presidential election, with inflation soaring to 24.8% and severe fuel shortages plaguing the nation.

Reuters

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What the latest CPI data says about tariff impact

New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet.

CBS America