Economy · Bull Run Posthttps://bullrunpost.com/en/section/economia/All the economy coverage from Bull Run Post, with context and rigour.enCalifornia votes on a one-time 5% tax on billionaires: Prop 40https://bullrunpost.com/en/2026/11/03/california-billionaire-tax-what-is-on-the-ballot/https://bullrunpost.com/en/2026/11/03/california-billionaire-tax-what-is-on-the-ballot/Tue, 03 Nov 2026 06:00:00 GMTVoters decide on 3 November on a levy on net worth above $1bn. Two rival measures, Props 41 and 42, could stop it even if it wins.EconomyOil slides on Monday as talk of a US-Iran way out returnshttps://bullrunpost.com/en/2026/11/02/oil-falls-hopes-iran-hormuz-deal/https://bullrunpost.com/en/2026/11/02/oil-falls-hopes-iran-hormuz-deal/Mon, 02 Nov 2026 20:40:00 GMTWTI touched $95.15 a barrel, its lowest since 15 October, according to crypto news site Cointelegraph. The sources we read tie the fall to diplomacy with Iran, and no official confirmation of any deal has been reported.MarketsOman and the UK: what is firm behind the £1 billion headlinehttps://bullrunpost.com/en/2026/11/02/oman-uk-investment-salalah-what-is-firm/https://bullrunpost.com/en/2026/11/02/oman-uk-investment-salalah-what-is-firm/Mon, 02 Nov 2026 13:45:30 GMTThe announcement combines a memorandum for a data centre with no timetable, a £7 billion export credit ceiling that is not loans, and a Gulf trade treaty still unsigned.EconomyChina's economy grows 4.5% in Q3 as consumer spending stays weakhttps://bullrunpost.com/en/2026/11/02/china-economy-grows-third-quarter-weak-demand/https://bullrunpost.com/en/2026/11/02/china-economy-grows-third-quarter-weak-demand/Mon, 02 Nov 2026 12:52:01 GMTGDP edges past forecasts, but retail sales rose just 1.1% in September and fixed-asset investment is down 7.2% over nine months.EconomyEuro area deficit holds at 3.0% in 2025: who is within the limithttps://bullrunpost.com/en/2026/11/02/euro-area-deficit-debt-2025-eurostat-spain/https://bullrunpost.com/en/2026/11/02/euro-area-deficit-debt-2025-eurostat-spain/Mon, 02 Nov 2026 12:52:01 GMTEurostat puts the euro area deficit at 3.0% of GDP and debt at 87.7%. Spain stands at 2.4%; France and ten other states are at 3% or above.EconomyECB holds rates at 2.50% and Lagarde says she will step downhttps://bullrunpost.com/en/2026/11/02/ecb-holds-rates-lagarde-exit-december/https://bullrunpost.com/en/2026/11/02/ecb-holds-rates-lagarde-exit-december/Mon, 02 Nov 2026 11:39:07 GMTPolicymakers debated a hike with inflation at 3.8% but chose to wait. New projections come in December, and the search for a successor has begun.MarketsGermany's economy grows 0.2% in Q3 as exports lose momentumhttps://bullrunpost.com/en/2026/11/02/germany-gdp-grows-exports-slow/https://bullrunpost.com/en/2026/11/02/germany-gdp-grows-exports-slow/Mon, 02 Nov 2026 11:39:07 GMTEurope's largest economy avoids the contraction some feared, but investment fell and export growth cooled after a strong first half.EconomyItaly's 2027 budget cuts income tax for middle earners, helps over-75shttps://bullrunpost.com/en/2026/11/02/italy-2027-budget-tax-pensioners/https://bullrunpost.com/en/2026/11/02/italy-2027-budget-tax-pensioners/Mon, 02 Nov 2026 11:39:07 GMTGiorgia Meloni's government puts the saving at up to about 500 euros a year, makes a car-tax exemption permanent and offers a 300-euro voucher to over-75s. Parliament still has to vote.Your moneySpain's economy grows 0.6% in Q3 as investment and spending coolhttps://bullrunpost.com/en/2026/11/02/spain-gdp-third-quarter-2026-consumption/https://bullrunpost.com/en/2026/11/02/spain-gdp-third-quarter-2026-consumption/Mon, 02 Nov 2026 11:39:07 GMTThe statistics office's flash estimate puts annual growth at 2.7%, above the euro-area pace, with construction almost flat and household spending a little weaker.Economy