• WORLD
    US national debt passes $40tn after doubling in a decade

    US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Trump and Biden administrations, along with higher interest payments that have steadily added to the total. In 2016, the national debt stood at just under $20tn. […]

  • WORLD
    Wealthy AI workers send San Francisco house prices soaring

    On a tree-lined street in the affluent Duboce Triangle residential neighbourhood of San Francisco, the top half of a white, Edwardian-era, detached house was drawing visitors from prospective buyers. The opulently renovated three-bedroom apartment was on the market for almost $3m (£2.3m). And it had been attracting increased attention due to an unusual payment possibility […]

  • ECONOMY
    Trump says US economy in ‘transition’ as trade war escalates

    US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration’s changes to tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a “period of transition” taking place. […]

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