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The post-pandemic US thirst for the spirit has faded, leaving the country distilling more than is being sold

Cheaper loans in France and Spain follow cut in ECB rate

Turkey and other food costs are also down, while petrol price is lowest since January

Price pressures in eurozone’s two largest economies ease thanks to lower energy and goods inflation

Jay Powell & Co needn’t rush into a September cut

Pig farmers have kept up production despite weak demand ahead of October consumer price data

Number of students in early education set to fall by 13% by 2032, leading to schools receiving less funding

Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off

Conservative podcasters who were key to US president’s election win are divided by tariff fallout

S&P 500 inches towards record as Joe Biden hails ‘milestone’ in fight to quell price pressures