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The Latest Breaking News from Economy

Nissan Just Issued a Major Recall for Its Funky Variable-Compression Engine

Nissan's variable-compression engine once held so much promise. The so-called VC-Turbo uses a complicated mechanism to allow operation at a low compression ratio for performance, and a high compression ratio for better fuel economy. But, reliability has been a concern, prompting a NHTSA investigation, and now, a massive recall.

Motor1

Voices: The markets have spoken – and it is they, not the prime minister, that saved Rachel Reeves

COMMENT : In its response to the chancellor’s possible resignation, in the face of market jitters the City has made it clear that she is Labour’s only candidate for No 11, says James Moore – and any attempt to replace her could prove very expensive for the country

The Independent UK

US Hiring Beats Expectations In June Despite Tariff Worries

The US economy added more jobs than expected in June while the unemployment rate edged down, government data showed Thursday, offering signs of continued labor market strength despite worries over President Donald Trump's tariffs.

International Business Times

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US adds 147,000 jobs in June, surpassing expectations amid Trump trade war

Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1%

The Guardian - US

U.S. applications for jobless aid fell to 233,000 last week as layoffs remain low

Fewer Americans applied for unemployment benefits last week as layoffs in the U.S. remain low despite uncertainty about how tariffs will impact the economy

The Independent UK

UN expert calls on world to end trade with Israel’s ‘economy of genocide’

UN Special Rapporteur Albanese says dozens of companies play a role in ‘sustaining Israel’s settler-colonial project’.

Al Jazeera

Black Sabbath’s final show set to boost Birmingham economy by £20m

Birmingham to get an economy boost as lifelong fans head to the city for Ozzy Osbourne’s final show with Black Sabbath

The Independent UK

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Spain overtakes Japan in GDP per capita - what is behind the numbers?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Euronews

Under the 'Big, Beautiful Bill,' Car Companies Won't Be Fined for Failing To Hit Arbitrary Fuel Efficiency Goals

CAFE standards try to accomplish a reasonable goal but in an ineffective way.

Reason

AOC blasts Trump’s bill as ‘a deal with the devil’ as she gives emotional floor speech trying to stop its passage

Progressive congresswoman says legislation ‘militarizes our entire economy and it strips away healthcare and basic dignity of the American people’

The Independent UK

How Trump’s bill will supercharge mass deportations by funneling $170bn to Ice

Critics warn the staggering sum dedicated to the agency in the bill will threaten humanitarian protections and disrupt the economy

The Guardian - US

UK may be on verge of triggering a ‘positive tipping point’ for tackling climate change

The UK is now more than halfway (50.4%) to achieving a net zero carbon economy, which means it has reduced its national emissions significantly compared to 1990.

The Conversation

6 Warning Signs of a Recession — and Where the US Economy Stands, According to George Kamel

Finance expert George Kamel recently broke down six recession warning signs. GOBankingRates asked finance experts how they feel about the recession markers.

GOBankingRates

Labor Market Flashes Red Signal—And The Last Time This Happened It Didn't End Well

The U.S. labor market is flashing a rare warning sign after private sector payrolls fell in June for the first time in over two years, raising concerns about the economy’s health and increasing bets on Federal Reserve interest rate cuts.

Benzinga

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The Conversation

The rule of law is key to capitalism − eroding it is bad news for American business

Something dangerous is happening to the U.S. economy, and it’s not inflation or trade wars. Chaotic deregulation and the selective enforcement of laws have upended markets and investor confidence. At one point, the threat of tariffs and resulting chaos evaporated US$4 trillion in value in the U.S. stock market. This…

Evening Standard

Rates should be cut three more times in 2025, says Bank policymaker

Monetary Policy Committee member Alan Taylor flagged a ‘deteriorating outlook’ in the UK economy as trade woes mount.

International Business Times

Stewart Ginn: Economic Trends That Impact Local Businesses

When the economy grows, local businesses may see more foot traffic, higher sales, and better access to financing. On the other hand, during downturns, owners might face slower sales and rising costs.

Benzinga

Under the Radar: Income and Discipline Over Hype and Hope

As we head into the second half of 2025, the British economy is showing signs of stabilization, but it remains a structurally sluggish environment. The UK managed to avoid a technical recession in 2024, and GDP is growing again.

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Fortune

Ex-E*Trade CEO: The right way to open private markets to retail investors—with the benefit of hindsight

Retail investors have for too long been locked out of private markets—where most value creation in the economy occurs.

Benzinga

Anthony Pompliano Says Bitcoin To Reach 'A Gazillion' Driven By Massive Money Printing In A Heated Economy

Entrepreneur and cryptocurrency market commentator Anthony Pompliano projected Bitcoin (CRYPTO: BTC) to soar to a gazillion Monday, driven by massive money printing in a heated economy.

Fortune

Fed official sees July rate cut 'unlikely,' sticking with Powell's view that coming months will be moment of truth for tariffs' effect on inflation

Officials at the Federal Reserve believe the impacts of Trump’s tariffs on the economy will start to appear this summer.

The Guardian - UK

Taylor Swift, Charli xcx and Springsteen among live music acts who gave UK £10bn lift in 2024

Report says concerts attracted record 23.5m fans, leading to unprecedented spend across British economy

MusicRadar

“A timely reminder that investing in local music isn’t just good sense - it’s a way to boost pride in place and breathe new life into our high streets”: New report shows immense contribution of music tourism to UK economy

The live music economy brought in £10 billion in 2024

The Guardian - UK

The spiritual economy: young Chinese turn to fortune tellers as anxiety about the future rises

International Business Times

Trump Dismantles Syria Sanctions Program As Israel Ties Eyed

President Donald Trump on Monday formally dismantled US sanctions against Syria, hoping to reintegrate the war-battered country into the global economy as Israel eyes ties with its new leadership.

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