Pharmaceutical Tariffs Reach Every Remaining Company on 29 September
Duties on patented medicines and their ingredients took effect for some firms on 31 July. The exemption for the rest expires at the end of this month.
Business
Salesforce Beats on Both Lines and Books a $2.6bn Investment Gain
The software group topped estimates for the second quarter and recorded a $2.6 billion gain on strategic investments, including its stake in AI developer Anthropic.
Cheese Names Are Holding Up a US-Mexico Trade Deal
Mexico says it is optimistic about an agreement after talks with Canada collapsed, but a dispute over geographical food names has become a genuine obstacle.
The ECB Prepares to Tighten Into an Energy Shock It Cannot Control
A move to 2.75% is treated as near-certain, with markets attaching a 75% chance of 3.0% by December — even though the inflation is coming from imported fuel.
Eskom's Second Profitable Year Leaves the Harder Problem Untouched
South Africa's utility doubled profit, but its fleet is old, coal-heavy and facing a transition that profitability alone does not finance.
Growth Is Diverging, and the Reformers Are Pulling Ahead
Advanced economies face slow expansion while a handful of emerging markets grow faster on the back of domestic policy. The gap is widening.
Premier League Clubs Spent Over £2bn in a Window That Broke Records
Two £125m transfers landed on deadline day as English top-flight spending passed £2 billion, with Chelsea the summer's biggest spender.
The Effective US Tariff Rate Settles Around 7.2%
Excluding refunds for illegally collected duties, the 2026 rate marks a durable shift in American trade policy rather than a temporary negotiating posture.
Trump Announces U.S.-Venezuela Deal for 65 Billion Barrels
President Trump waves after arriving off Air Force One, Friday, Aug. 28, 2026, at Joint Base Andrews, Md. Mark Schiefelbein/AP hide caption toggle caption Mark Schiefelbein/AP WASHINGTON (AP) — President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S.
SpaceX revenue jumps as stock cools after IPO
A view of the Nasdaq MarketSite after SpaceX company executives rang the opening bell to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026. TIMOTHY A. CLARY/AFP via Getty Images hide caption toggle caption TIMOTHY A.
Mortgage Rates Rise to One-Year High Amid War, Inflation
A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. FREDERIC J. BROWN/AFP hide caption toggle caption FREDERIC J. BROWN/AFP Sign up for the Planet Money newsletter. The world is confusing.
Trump Imposes Double-Digit Tariffs Over Forced Labor Concerns
President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House on April 2, 2025, in Washington. Mark Schiefelbein/AP hide caption toggle caption Mark Schiefelbein/AP WASHINGTON — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S.