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The Latest Breaking News from Economy

FTSE 100 Live 16 October: Premier Inn owner Whitbread falters on results, UK economy struggles

The UK economy remains in the slow lane after figures today showed August GDP advanced by just 0.1%.

Evening Standard

UK stuck in slow lane ahead of Budget with 'meagre' 0.1% GDP growth in August

Latest GDP figures just over come a month ahead of Autumn Budget

Evening Standard

UK economy expands as GDP rises by 0.1% in August ahead of crucial budget

Manufacturing and health sectors boost growth but ONS revises down figures for July

The Guardian - UK

From analysis to the latest developments in health,
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IMF chief reveals worries about private credit market keep her awake at night – as it happened

International Monetary Fund managing director Kristalina Georgieva urges more attention to the non-bank financial institutions, as the world may have “a foot out in the cold”

The Guardian - UK

Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

Benzinga

Ukraine-Russia war latest: Zelensky in US for Trump meeting after President announces new Putin summit

Ukrainian president will hold talks in the Oval Office after Trump said he would meet Putin in Hungary

The Independent UK

Reeves suggests higher taxes on wealthy will be in Budget

The Chancellor said the economy is still suffering from the impacts of leaving the European Union, austerity policies and Liz Truss’s mini-budget.

Evening Standard

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Syria Won't Wait For Global Community To Reform Economy: Finance Minister

Syria is in a hurry to rebuild its war-torn economy and will not wait for the international community to begin making those changes, the country's finance minister said Wednesday.

International Business Times

Can XRP Hit $1,000? That Would Make It Bigger Than The US Economy

Could XRP (CRYPTO: XRP) ever hit $1,000 — a level that would make its market cap larger than the U.S. economy itself?

Benzinga

EU Economy Chief Urges G7 To Join Plan Tapping Russia Assets For Ukraine

The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington.

International Business Times

US Says Working On New $20 Bn 'Facility' For Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

International Business Times

FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

Evening Standard

The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled

Even as the government and investors try to treat the Trump situation as ‘normal’, the US has never been less attractive to Australian holidaymakers

The Guardian - AU

You could soon get charged for reclining your seat on your flight with this airline

Canadian airline WestJet announced the change as part of a major cabin refresh

The Independent UK

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Benzinga

RexShares' REX-Osprey ETFs Help Bridge The Opportunity Gap For Prospective Crypto Investors

Without hesitation, one of the strongest performances in the global capital markets stems from the broader cryptocurrency space. At its recent peak, the sector saw its total market capitalization rise to $4.28 trillion. For context, that would make the blockchain economy the fourth largest in the world, trailing Germany at…

Benzinga

Trump's Tariffs 'Papered Over By AI' Are Quietly Hurting Economy: 'We've Only Seen Half Of...'

A massive wave of investment in artificial intelligence (AI) is masking significant economic damage caused by Donald Trump‘s tariffs, creating a deceptive picture of the U.S. economy's health, according to investor Steve Eisman and CNBC Senior Economics Reporter Steve Liesman.

The Independent UK

Which airlines have upper deck economy class on the Airbus A380?

Plane Talk: These cheap seats offer extra space, quicker service and a higher chance of an aisle or window seat and a more intimate cabin

The Guardian - UK

Starmer only read China spy witness statements this morning, No 10 says, as Cleverly accuses PM of misquoting him – as it happened

PM says he intends to publish statements in full and blames previous government for failure of the case

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news in one place.

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The Guardian - UK

For Mary Portas, queen of shops, small is beautiful on the high street

The retail champion is looking for a big turnout at her pop-up markets this October to support brilliant small businesses that are the backbone of the UK economy, selling everything from pre-loved fashion to jewellery

The Independent UK

Is this the quirkiest plane cabin? What it’s really like to fly business class on a British Airways A380

The Independent’s US Travel Editor flies business class on a BA A380 from London Heathrow to Miami. On paper, it’s a classic flight. But Ted Thornhill discovers it’s a journey with a twist

Euronews

Saudi Arabia boosts global charm offensive with 2025 Cultural Investment Conference

Saudi Arabia has further signalled its determination to diversify its assets by hosting a global conference to discuss investing in culture, its role in economic and social development and strengthening national identity.

Euronews

Europe wants to bring industry to space. What is the ‘Moon economy?’

Some of the world’s space agencies are getting ready for commercial activity on the Moon.

The Independent UK

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Guardian - UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

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