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The Latest Breaking News from Deficit

July ICE NY cocoa (CCN24 ) today is down -53 (-0.55%), and July ICE London cocoa #7 (CAN24 ) is down -41 (-0.54%). Cocoa prices today are moderately lower as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices are seeing some fatigue on a lack of...

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Normandy surfs on 'memorial tourism' wave for 80th anniversary of D-Day

As hundreds of thousands of people flock to the French region of Normandy to commemorate the 80th anniversary of D-Day, local businesses there are capitalising on tourists' passion for World War II history. FRANCE 24's Leo McGuinn and our colleagues from France 2 report on this business of souvenir sales…

France 24

Mexico Aims To Reduce Budget Deficits Amid Market Turmoil

Mexico's treasury plans deficit reduction amidst market turmoil. Analysts skeptical of rapid changes.

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Mexico's incoming administration pledges to reduce budget deficit as markets recover from shock

Mexico's treasury secretary has pledged to bring down the budget deficit in coming years, after the country suffered a partial meltdown in the currency and stock market

The Independent UK

Cocoa Prices Consolidate Recent Rally

July ICE NY cocoa (CCN24 ) Tuesday closed down -218 (-2.23%), and July ICE London cocoa #7 (CAN24 ) closed down -25 (-0.33%). Cocoa prices on Tuesday posted moderate losses as they consolidated and corrected lower after rallying by more than +15% over the past week. On Monday, NY cocoa...

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Hickman battling 8mph deficit on Supersport bike at 2024 Isle of Man TT

Hickman – who is now a 14-time TT winner after claiming Sunday’s Superbike race – has been a factor in the Supersport battle at the Isle of Man since 2017 on his Trooper Triumph.

Autosport

Cocoa Corrects Lower After the Recent Jump in Prices

July ICE NY cocoa (CCN24 ) today is down -290 (-2.97%), and July ICE London cocoa #7 (CAN24 ) is down -61 (-0.80%). Cocoa prices today are posting moderate losses as they correct lower and consolidate after rallying by more than +15% over the past week. On Monday, NY cocoa...

Barchart

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Cocoa Prices Close Sharply Higher as Global Cocoa Supply Outlook Worsens

July ICE NY cocoa (CCN24 ) on Monday closed up +444 (+4.76%), and July ICE London cocoa #7 (CAN24 ) closed up +220 (+2.96%). Cocoa prices rallied sharply on Monday, with NY cocoa posting a 5-week high and London cocoa posting a 4-week high. Lower cocoa production in the Ivory...

Barchart

Cocoa Prices Jump as Global Cocoa Deficit Widens

July ICE NY cocoa (CCN24 ) today is up +301 (+3.23%), and July ICE London cocoa #7 (CAN24 ) is up +220 (+2.96%). Cocoa prices today are sharply higher, with NY cocoa posting a 5-week high and London cocoa posting a 4-week high. Lower cocoa production in the Ivory Coast,...

Barchart

Mexico's incoming president faces tough economic challenges

On top of security, immigration and the green transition, Mexico's President-elect Claudia Sheinbaum is facing a host of economic challenges. In this year's budget, Mexico's public deficit stands at 5.9 percent, the largest in decades. Plus, as she seeks to cut spending, Sheinbaum will have to decide what to do…

France 24

Japan’s Yuka Saso overturns three-shot deficit to win her second US Open title

A closing 68 gave the 22-year-old a winning total of four under par, three shots clear of compatriot Hinako Shibuno.

The Independent UK

MotoGP Italian GP: Bagnaia leads factory Ducati 1-2

Bagnaia - who was demoted from second to fifth due to a grid penalty - claimed the lead at Turn 2 on the opening lap and never looked back, taking the chequered flag by 0.8s over team-mate Bastianini, as championship leader Jorge Martin had to settle for third. At the…

Motorsport

WRC Rally Sardinia: Tanak slashes Ogier's lead, Neuville tops Sunday standings

Tanak started the morning trailing Ogier’s Toyota by 17.1s but a strong run through the morning’s two stages reduced the deficit to 6.6s with two stages remaining.

Autosport

Ratings agency S&P downgrades French credit score from AA to AA-

Ratings agency S&P on Friday downgraded France's credit score for the first time since 2013, citing a deterioration in the country's budgetary position.

France 24

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Barchart

Cocoa Prices Rise on ICCO's Larger Cocoa Deficit Estimate

July ICE NY cocoa (CCN24 ) Friday closed up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) closed up +24 (+0.32%). Cocoa prices saw support after the International Cocoa Association raised its cocoa deficit estimate. On Friday, ICCO estimated a 439,000 MT cocoa deficit for 2023/24, 17% higher...

Autosport

Banning tyre warmers at Le Mans an "unsafe" choice, say Ferrari WEC drivers

Teams across both Hypercar and LMGT3 categories will not be allowed to artificially heat their tyres in the blue riband round of the World Endurance Championship on 15-16 June as per the updated sporting regulations for 2024. The WEC had originally imposed an outright ban on tyre warmers at the…

Autosport

Friday favourite: The “trick” features that endeared Unser to Penske's forgotten car

The Penske PC27 is a somewhat improbable choice for Al Unser Jr’s favourite car. A two-time Indianapolis 500 winner and two-time IndyCar champion, he had his greatest successes at the wheel of the Lola T90/00, Galmer G92 and Penske PC23-94 in US open-wheel racing. By contrast, he went winless in the radical PC27…

Reason

The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Why aren't politicians on both sides more worried than they seem to be?

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The Independent UK

Fifth-grader raises $7,300 to pay off his entire school’s lunch debt

The leftover funds were donated to local high school for its own lunch money deficit

Fortune

'Bond King' Bill Gross warns Trump would worsen deficits and be 'more disruptive' for the bond market than Biden

"Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things."

The Guardian - UK

Short measuring costs average UK drinker £115 a year, study finds

Trading standards officers find 70% of test purchases of beer and wine have less of the drink than they should

The Conversation

How to end the wasteful boom-bust cycle driving NZ’s infrastructure gap: new report

Debates about infrastructure often turn around money – with good reason. It’s estimated New Zealand’s infrastructure deficit – the amount we would need to spend to modernise, upgrade and build what we need today – is more than NZ$100 billion.

The Guardian - UK

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - US

Biden’s record on the economy is good but voters don’t feel it. Character, not policy, is key to victory

The economy is doing well – far better than under Trump – but Democrats must ask voters if they want a sociopathic infant with fascist tendencies

The Independent UK

Japan racks up trade deficit as imports balloon due to cheap yen

Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the cost of imports, offsetting a jump in exports

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