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The Latest Breaking News from Economy

Tariffs 101: What they are, who pays them, and why they matter now

The U.S. Supreme Court is currently reviewing a case to determine whether President Donald Trump’s global tariffs are legal.

The Conversation

Even with Trump’s support, coal power remains expensive – and dangerous

As projections of U.S. electricity demand rise sharply, President Donald Trump is looking to coal – historically a dominant force in the U.S. energy economy – as a key part of the solution.

The Conversation

What’s the safest way to walk home at night? We’ve created an AI-powered app that shows you

In the historic walled city of Derry (also known as Londonderry) in Northern Ireland, the night-time economy is vibrant. But like many urban centres, it presents safety challenges for those trying to get home. At night, a volunteer group known as the Inner City Assistance Team (iCat) often patrols the…

The Conversation

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What to expect from the global economy in 2026

Economic growth across the globe will be highly uneven, with some major economies accelerating while others hit the brakes.

Kiplinger

Visibly tired, unkempt and deluded Donald Trump insists United States economy can grow by 25% annually

A president sorely in need of a nap.

We Got This Covered

Fed’s Jerome Powell voices fear of K-shaped economy: ‘How sustainable it is, I don’t know’

Jerome Powell said most consumer consumption comes from the rich. “The top third accounts for way more than a third of the consumption ... So it’s a good question how sustainable that is.”

Fortune

‘We have not seen this rosy picture,’ says ADP’s chief economist, who warns real economy will look pretty different from Wall Street’s bullish outlook

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

Fortune

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Ukrainian navy cripples Russian shadow fleet tanker with sea drone strike

Kyiv has targeted Moscow’s ‘shadow fleet’ in an effort to damage Russia’s wartime economy

The Independent UK

Home Office: New Visa Rules Could Cost UK Economy £2.2bn–£10.8bn Over Five Years

New Home Office visa rules may wipe up to £10.8bn from the UK economy in five years, with central costs at £5.4bn from lost fees and taxes

International Business Times UK

Britain slipping down global league table for youth employment, says report

PwC warns that future of a generation is at risk and that jobs crisis is costing UK economy £26bn a year

The Guardian - UK

HebCelt 2025 generated £4.4 million for Outer Hebrides economy, organisers say

More than 17,000 paying ticket holders attended this year’s festival, which was headlined by Lulu, Tide Lines and Skerryvore.

Evening Standard

Top economist Diane Swonk: Jerome Powell risks losing the Fed’s credibility on a gamble over AI and immigration

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

Fortune

Powell warns of a ‘very unusual’ economy as tariffs keep goods inflation high amid a weakening labor market

The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each month.

Fortune

Why the Blue Economy Is Ripe for Investor Innovation

The blue economy spans shipyards, marinas, boatbuilding, marine services, and the operators who support them, forming a broad ecosystem that stretches from small coastal communities to national supply chains.

International Business Times

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The Guardian - US

Fed cuts interest rates by a quarter point amid apparent split over US economy

Divisive vote to lower rates highlights uncertainty within the Fed as economy absorbs major shakeups, including tariffs

Fortune

‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger

Jerome Powell’s Federal Reserve will likely deliver its final cut of the year on Wednesday. But Claudia Sahm is already looking ahead.

The Guardian - US

Jimmy Kimmel on Trump: ‘What a child he is’

Late-night hosts discussed a planned UFC fight on the White House lawn for Trump’s 80th birthday and his empty reassurances on the economy

Euronews

Eurozone's new star: Portugal crowned 2025 'economy of the year'

The accolade comes from British weekly The Economist, which ranked the 36 richest countries in the world. Luís Montenegro calls the recognition a “fair recognition to the merit and hard work of the Portuguese people”.

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The Conversation

Nigeria’s economy has improved but ordinary people still feel the pinch: economist offers some solutions

Nigerians have been waiting anxiously for the economy to “turn a corner”, following economic reform initiatives undertaken by President Bola Tinubu in 2023. These included removing the country’s fuel subsidy and freeing up its foreign exchange market.

The Conversation

Food waste in South Africa is dumped in landfills - study weighs up healthier and more sustainable options

Every year, millions of tonnes of food end up in South Africa’s landfills. This is a wasted resource that deepens environmental damage, worsens food insecurity and costs the economy billions. But there are opportunities to turn what we throw away into value for people, the planet and local economies.

Fortune

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

The Independent UK

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

Evening Standard

Transport is the lifeblood of London's economy - we need to get it right

The Thamesmead DLR extension is a powerful signal and confidence-builder in the market, but it must be the start of a joined-up approach

The Independent UK

Federal Reserve likely to cut rates, may signal just one more reduction next year

The Federal Reserve will almost certainly reduce its key interest rate Wednesday, but the bigger question for financial markets and the economy is what signals Chair Jerome Powell may send regarding the central bank’s next steps

The Independent UK

It’s the ‘A+++++’ economy, stupid. Trump embarks on the same don’t-believe-your-lying-eyes trap that doomed Biden

NEWS ANALYSIS: The president’s tour to boost voter impressions of their own dire economic conditions starts Tuesday night in Pennsylvania. And, writes Andrew Feinberg, it resembles a similar, and disastrous, effort by Joe Biden

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