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The Latest Breaking News on Economy

Bank Of Japan Hikes Interest Rate To 17-year High, Signals More

The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.

International Business Times · Jan 24, 2025

What Could Derail the Economy This Year?

While the outlook for the U.S. economy is mostly favorable, there are plenty of risks that bear watching.

Kiplinger · Jan 23, 2025

UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves

Increase to £17.8bn is well above City forecasts and is highest December figure for four years

The Guardian - UK · Jan 22, 2025

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Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP · Jan 16, 2025

What does 0.1% economy growth really mean for you? How it affects jobs, saving money and more explained

A bank, a hiring firm and wealth managers weigh in on what economic growth means for everyday people

The Independent UK · Jan 16, 2025

Pressure grows on Rachel Reeves as UK growth figures weaker than expected

Chancellor Rachel Reeves has insisted she will “fight every day” to deliver economic growth after the latest official figures showed…

The National (Scotland) · Jan 16, 2025

German Economy Shrinks Again Amid Political Crisis

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

International Business Times · Jan 15, 2025

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Chancellor facing tough questions over fiscal rules as market woes deepen

Chancellor Rachel Reeves said over the weekend that her fiscal rules were ‘non-negotiable’.

Evening Standard · Jan 13, 2025

Reeves vows ‘action’ to meet fiscal rules amid rise in borrowing costs

Problems on the gilt markets have overshadowed the Chancellor’s trip to China.

The Independent UK · Jan 11, 2025

US job market soars past expectations in last report before Trump retakes White House

Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency

The Guardian - US · Jan 10, 2025

Pound slumps to new 14-month low as Rachel Reeves criticised for China trip as tax rise fears grow

Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services

Evening Standard · Jan 10, 2025

Asian Markets Drift Lower As US Jobs Data Looms

Equities fell again in Asia on Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve's decision-making on interest rate, with several officials indicating the cutting has finished for now.

International Business Times · Jan 10, 2025

Congress Working Committee mourns demise of Dr Manmohan Singh

The CWC remembered the former PM Dr Manmohan Singh for his exceptional contributions to Indian politics and the economy, describing his leadership and dedication as milestones in India's development. Read further on Dynamite News:

Dynamite News · Dec 27, 2024

UK Economy Stagnant In Third Quarter In Fresh Setback

Britain's economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government.

International Business Times · Dec 23, 2024

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The National (Scotland) · Dec 23, 2024

Economy 'headed for the worst of all worlds' in 2025, businesses warn

Businesses have issued a stark warning to Rachel Reeves that the economy is “headed for the worst of all worlds” with activity expected to fall…

The Independent UK · Dec 23, 2024

Firms offer no festive cheer to Reeves with gloomy outlook for 2025

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

StockNews.com · Dec 19, 2024

3 Penny Stocks to Watch for Big Gains in 2025

The Federal Reserve's recent rate cut indicates a stable yet slowing economy, with inflation sticking around but consumer spending strong. In light of these events, penny stocks, Ribbon Communications (RBBN), Ironwood Pharmaceuticals (IRWD), and Organogenesis Holdings (ORGO), all priced under $5, could make attractive investments. Read on….

The Conversation · Dec 19, 2024

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

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AAP · Dec 18, 2024

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

The Guardian - AU · Dec 18, 2024

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The Conversation · Dec 17, 2024

A return to balanced budgets is a decade away, mid-year update says

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

Evening Standard · Dec 17, 2024

Wages surge reduces chances of an interest rate cut this week

The rate of unemployment remained unchanged at 4.3% in the three months to October.

AAP · Dec 16, 2024

Super concessions take biggest bite from the budget

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

The Guardian - UK · Dec 16, 2024

UK businesses cutting staff at fastest rate since 2021 after budget

Companies responding to national insurance rise by reducing hiring, survey finds

AAP · Dec 15, 2024

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

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