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The Latest Breaking News from Economic Growth

South Korean opposition leader Lee opens presidential bid following Yoon's ouster

South Korean opposition leader Lee Jae-myung, widely seen as the front-runner in a presidential by-election triggered by the removal of President Yoon Suk Yeol last week over his ill-fated imposition of martial law, officially announced his presidential bid on Thursday, vowing to heal a starkly divided nation through economic growth

The Independent UK

RBI cuts repo rate by 25 bps; Relief for homebuyers, EMIs to come down

The repo rate cut, besides relief for homebuyers and other borrowers, will boost economic growth. Read further on Dynamite News:

Dynamite News

Cities that want to attract business might want to focus less on financial incentives and more on making people feel safe

To attract business investment, American cities and states offer companies billions of dollars in incentives, such as tax credits. As the theory goes, when governments create a business-friendly environment, it encourages investment, leading to job creation and economic growth.

The Conversation

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How China plans to bounce back from Trump’s tariffs

A meeting between Xi Jinping and 40 leaders of multinational companies reveals Beijing’s larger plan to sustain economic growth

The Independent UK

Stocks Settle Mixed as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.19%. June E-mini S&P futures (ESM25 ) are up +0.30%, and June E-mini Nasdaq futures...

Barchart

Visas shortage in key sectors revealed as Downing Street defends delay to new immigration blueprint

Home Office data shows that fewer than 181,000 visas out of a total of about 560,000 were allocated to foreign workers in the key fields identified for economic growth

Evening Standard

Starmer to declare end of globalisation while Trump’s tariff war rages

Prime minister argues that tariffs show Britain must ‘move further and faster’ in cutting red tape to boost economic growth

The Independent UK

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Trump’s ‘liberation day’ could mean recession in the US and pain worldwide

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goal

The Guardian - US

Federal Reserve chair Powell predicts tariffs will spike inflation and slow economic growth

Powell’s warning comes as President Donald Trump urges the fed to slash interest rates

The Independent UK

Trump unveils $5m ‘gold card’ featuring his face for wealthy immigrants to live in US

The Republican president has introduced the visa in the hope of creating jobs and boosting economic growth amid stock market turmoil

Evening Standard

UK economic growth to be slower than forecast due to tariffs, say economists

UK economic growth could be up to 0.5 percentage points lower than expected in the coming years, according to economists.

Evening Standard

Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

Evening Standard

UK wildlife groups express alarm at plan to ‘streamline’ environmental rules

Government wants to spur economic growth and drive housebuilding but charities say nature should be priority

The Guardian - UK

Government pushes reforms of ‘green tape’ in bid to boost growth and nature

Review says current system of environmental regulations not working, but conservationists warn of ‘high risk’ to nature in planning reforms.

The Independent UK

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Barchart

Dollar Turns Lower on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.10%. The dollar today gave up an early advance and turned lower after today’s US job openings and ISM reports were weaker than expected. The dollar is also under pressure due to concerns that US tariffs would derail economic growth. The...

The Independent UK

Digitising UK trade ‘could unlock £250bn in economic growth’ – even with Trump tariffs

With the US president’s tariffs on the UK now looking inevitable, the International Chambers of Commerce is urging the government to adopt a trade plan which could boost the economy by a quarter of a trillion pounds

AAP

'Liberation Day' overshadows Reserve Bank's rate call

The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia's economic growth.

Barchart

Crude Prices Fall on Concern Tariffs Will Curb Economic Growth and Energy Demand

May WTI crude oil (CLK25 ) Friday closed down -0.56 (-0.80%), and May RBOB gasoline (RBK25 ) closed down -0.0110 (-0.49%). Crude oil and gasoline Friday posted moderate losses on concern that US tariffs and retaliatory tariffs will undercuts economic growth and energy demand. Other bearish factors included weaker-than-expected US...

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Barchart

Economic Concerns Weigh on Crude Prices

May WTI crude oil (CLK25 ) today is down -0.42 (-0.60%), and May RBOB gasoline (RBK25 ) is down -0.0071 (-0.31%). Crude oil and gasoline today are trading lower on concern that US tariffs will lead to a global trade war that undercuts economic growth and energy demand. Also, weaker-than-expected...

Barchart

Dollar Declines and Gold Jumps to a Record High on US Auto Tariffs

The dollar index (DXY00 ) Thursday fell by -0.21%. The dollar was under pressure Thursday due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on Thursday’s dovish economic news, which showed that US Q4 personal...

The Independent UK

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday

The Independent UK

Sue Gray urges caution over Civil Service cuts while hitting out at insults

Officials are central to the Labour administration’s mission to realise economic growth, the Labour peer said in her maiden speech.

Barchart

Dollar Falls as Tariffs Spark Growth Concerns

The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on today's dovish economic news, which showed that US Q4 personal...

The Independent UK

Europe lashes out over Trump auto tariffs and the economic threat to both continents

European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt companies and consumers on both sides of the Atlantic

The Independent UK

Voices: Independent readers react to Rachel Reeves’ spring statement – from ‘out of touch’ to ‘genuine poverty’

THE INDEPENDENT DEBATE: The chancellor’s spring statement sparked fierce criticism from readers, who accused her of reviving austerity by targeting the poor while failing to prioritise improving living standards, tax reform, and sustainable economic growth

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