EU Proposes 'Buy EU' Plan to Compete with China

The European Commission has proposed the Industrial Accelerator Act, a 'Buy EU' strategy to boost domestic low-carbon industries and preserve jobs, marking a major shift in economic policy.

UK Interest Rates May Exceed 4% If Energy Shock Persists

The National Institute of Economic and Social Research warns that prolonged Middle East conflict could spike oil and gas prices, forcing the Bank of England to raise interest rates above 4% and complicating fiscal policy.

Russia Profits from Iran War Energy Price Surge

Escalating conflict in Iran disrupts Middle East oil shipments, driving up global energy prices and providing Russia with increased revenue to fund its war in Ukraine through higher oil and gas exports.

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