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The Latest Breaking News from Economic Growth

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday

The Independent UK

When lightbulb moments become reality: how academics at Sheffield Hallam University are helping firms innovate and grow

With the government intent on kickstarting economic growth and productivity, could Knowledge Transfer Partnerships with leading universities have a vital role to play?

The Guardian - UK

‘I learn faster through real-life situations’: why degree apprenticeships are proving so appealing

Learning while earning is a popular way to gain qualifications and practical on-the-job experience simultaneously – and Sheffield Hallam University is the national centre of excellence in the field

The Guardian - UK

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UK banks to experiment with Nvidia AI in ‘supercharged sandbox’ scheme

Financial Conduct Authority launches initiative to ‘speed up innovation’ and help spur economic growth

The Guardian - UK

Vietnam scraps two-child policy as it tackles falling birthrate

Authorities seek to increase number of births amid fear ageing society could threaten economic growth plans

The Guardian - UK

Extreme weather events have slowed economic growth, adding to the case for another rate cut

Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

The Conversation

Australian shares surge towards record close

Australian shares have rallied as Australia's largest company hit a share price record, while weaker than expected GDP figures boosted interest rate cut hopes.

AAP

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Crude Prices Settle Higher on Energy Demand Optimism and Canadian Wildfires

July WTI crude oil (CLN25 ) Tuesday closed up +0.89 (+1.42%), and July RBOB gasoline (RBN25 ) closed up +0.0263 (+1.28%). Crude oil and gasoline prices on Tuesday added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth...

Barchart

Republican Senator Mocked for Declaring 'An Attitude' Would Spur Economic Growth: 'America Has a Vibes-Based Economy Now'

Sen. Marshall said the "number one" key to triggering economic growth is "just an attitude," an assertion that inspired more ridicule than confidence online.

Latin Times

Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Barchart

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

Euronews

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

National accounts to reveal Australia's economic pulse

Australia's economic growth rate for the first quarter will be revealed this week and investors will study minutes from the Reserve Bank's last board meeting.

AAP

What To Expect Now That Trump Has Scrapped Biden's Crippling AI Regulations

"New opportunities for innovation, economic growth, and global engagement," says one expert.

Reason

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The Conversation

Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

AI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

The Independent UK

Rachel Reeves should invest extra money in economic growth, not spend it on U-turns, former adviser warns

Exclusive: Call from former Treasury minister Jim O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

International Business Times

US Tariff Tensions Test Southeast Asian Leaders At Regional Summit

Southeast Asian leaders will express deep concern over US President Donald Trump's tariff blitz when they meet at a summit Monday, warning that the unilateral move posed huge challenges to economic growth and stability in the region, according to a draft statement seen by AFP. Trump's tariffs has roiled global…

The Independent UK

Planning reforms break Labour’s promise to protect nature, green groups say

Campaigners say there is little evidence that nature protections are blockers to developments and economic growth.

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The Conversation

NZ Budget 2025 at a glance: follow the money here

Finance Minister Nicola Willis delivered a pragmatic budget today, balancing fiscal discipline and the promise of economic growth.

Evening Standard

Britain ‘laser-focused’ on economic growth, Reeves says ahead of G7 Canada trip

Ms Reeves will insist that the UK is open for business to other nations, after a trio of deals with the US, India and the EU have been struck.

The Independent UK

Weight loss jabs sent through the post ‘could help 15 million people and boost economic growth’

Obesity costs society about £98 billion a year, the Tony Blair Institute for Global Change (TBI) says

The Conversation

RBA cuts interest rates, ready to respond again if the economy weakens further

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

Evening Standard

Reeves says Gulf trade pact is Government’s ‘next deal’ after EU summit

International Business Times

Trump Tariffs Force EU To Cut 2025 Eurozone Growth Forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

The Conversation

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

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