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Economics at theguardian.com

Today News

05

Xi’s central Asia trip aims to cement ties as China vies for influence with Russia

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SCO summit brings together leaders of global south but also likely to test Beijing and Moscow’s ‘strategic partnership’

03

Biden to meet Democratic governors to assuage fears after debate performance

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President blames global travel for lacklustre debate as 25 House members reportedly prepare to call for him to step down

02

Private rents in Great Britain hit record high, data shows

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Rightmove calls on new government to prioritise sector as rents outside London climb 7% in a year

Tuesday, Jul 2

00

Tulsa race massacre survivors condemn dismissal of reparations case and urge Biden to act

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Lessie Benningfield Randle, 109, and Viola Fletcher, 110, appeal to president after Oklahoma supreme court dismisses historic case

23

What does the immunity ruling mean for Trump’s criminal cases?

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The supreme court’s decision changed everything, offering Trump a huge assist in his attempts to avoid accountability

22

Ford chief says Americans need to fall ‘back in love’ with smaller cars

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Jim Farley says country is ‘in love with these monster vehicles’ but big cars are not sustainable in the age of EV

20

Trump hush-money sentencing delayed until September; Biden urged to stand aside by Texas congressman – live

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Two-month delay comes after judge agrees to consider possible impact of immunity ruling; Lloyd Doggett first House Democrat to urge Biden to drop out

18

House Democrat pledges amendment to reverse Trump immunity ruling

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Congressman Joe Morelle vows to act in wake of supreme court decision – but plan is highly unlikely to succeed

Rudy Giuliani disbarred in New York for false statements about 2020 election

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Ex-New York mayor and Trump adviser already had his license suspended for false statements about election

Labour is putting its plans for Britain in the hands of private finance. It could end badly | Daniela Gabor

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Handing vital infrastructure to private investment companies will generate windfalls for investors and leave the rest of us worse off. We need a better plan

Ruling paves way for businesses and public to sue water firms over sewage

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Decision by supreme court means water companies could be sued for damage caused by dumping of human waste

Former dissenting Labor MP backs Fatima Payman and says party needs to reconsider rules

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Last time a Labor MP voted against the party position was 2005 when Tasmanian MP Harry Quick opposed anti-terrorism legislation

17

Tesla sales fall for second straight quarter despite price cuts

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Electric automaker’s quarterly deliveries fell for two straight quarters for the first time ever

Joe Biden is taking advice from his son, Hunter. This does not inspire confidence | Arwa Mahdawi

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The president could have made a dignified exit from the race for the White House – but his family has apparently implored him to stay put. Now he seems determined to see things through to the bitter, messy end

Judge halts Biden administration’s delay of consideration of liquefied natural gas projects

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Trump appointee indicates he expects states’ suit against Department of Energy to allow new LNG projects to succeed

Sainsbury’s boss says rate cuts needed to spur consumer spending; eurozone inflation dips to 2.5% – as it happened

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Simon Roberts says consumer caution ‘not surprising given everything households have been through in the cost of living crisis’

16

Here’s what you need to know about Nigel Farage’s mastery of TikTok | Sophia Smith Galer

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While most politicians haven’t taken the platform seriously, the Reform UK leader is an astute content creator – and is reaping the benefits

15

James Carville calls on Democratic party to ‘deliver change’ and replace Biden

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Strategist reiterates his months-long calls for party to look at ‘staggering talent’ of governors for candidate

14

Eurozone inflation eases but ECB likely to keep interest rates on hold

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Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs

Supreme court hands big win to Trump in immunity ruling | First Thing

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Joe Biden denounced the 6-3 ruling, saying it ‘undermined the rule of law’ and was a ‘terrible disservice to the people of this nation.’ Plus: proposed protections for workers in extreme heat

13

She was a firebrand Democrat. Now, Cleta Mitchell is a rising star of Republican election denialism

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Before she joined Donald Trump in asking Georgia state officials to ‘find 11,780 votes’ in 2020, Mitchell was the feminist flag bearer of the Equal Rights amendment in Oklahoma

12

Sainsbury’s sales growth slows as poor weather hits non-food ranges

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Euro 24 lifts TV sales at Argos but purchases of clothing, paddling pools and garden furniture fall

After a disastrous debate, focus falls on Joe Biden’s inner circle

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As the party asks who is to blame for the US president’s poor performance against Trump, calls grow for Biden to widen his team

11

Supermarket chains could be broken up for price-gouging as ‘last resort’ under Coalition proposal

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Greens welcome announcement as Jim Chalmers says ‘half-baked’ idea could make competition problem worse not better

Revolut reports record profits as it hints at plans for IPO

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London-based fintech company has been waiting more than three years for its UK licence to be approved

Shorten says senator’s suspension gives all parties time to ‘work out what’s important’ – as it happened

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Shorten says he thinks Labor party is trying to give Senator Payman ‘space and time’

10

Rupert Murdoch’s Fox Corp launches Netflix rival Tubi in UK

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Service offers more than 20,000 films and TV shows on-demand to compete with popular streaming platforms

Solar installations fall as Australian households hit by cost-of-living squeeze

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With solar module prices ‘well down’ in 2024 it could yet be a record year for installations, Sunwiz says

08

Can AI boom drive Nvidia to a $4tn valuation despite investor doubt?

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Powerful new chips are on the way but there are questions over whether tech firm’s growth can be sustained

Growth is enriching an elite and killing the planet. We need an economy based on human rights | Olivier De Schutter

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Economic growth allows the few to grow ever-wealthier. Ending poverty and environmental catastrophe demands fresh thinking