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The Latest Breaking News from Economy

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

British Prime Minister Keir Starmer has defended his Treasury chief Rachel Reeves against claims she misled the public about government finances before last week's tax-hiking budget

The Independent UK

UK refrains from hitting high street on Black Friday as fears grow over economy

Data comes as KPMG highlights soft consumer spending as one factor likely to hold back growth in 2026

The Guardian - UK

How can we decarbonise shipping without damaging the global economy?

The decision on a levy on carbon emissions from shipping, proposed by the UN’s International Maritime Organization, has been delayed until 2026. But is the industry ready for a decarbonised future?

Euronews

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Elon Musk Predicts 'People Don't Have To Work At All' In 20 Years As AI and Robotics Advance: It Will Be Like A 'Hobby'

Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk, said that the world is heading toward a future where traditional employment becomes obsolete, as rapid progress in artificial intelligence and robotics fundamentally reshapes the global economy.

Benzinga

Local Economies Lose Big As Fewer International Students Arrive — Businesses Feel The Pinch

International students have long played an important role in the financial health of U.S. colleges — and of the communities around them. But new data from the Institute of International Education shows that fewer students from abroad are arriving on American campuses this fall, and the effects are rippling far…

Benzinga

I Asked ChatGPT What Would Happen If the Top 1% Paid Off America’s Student Debt

What if America’s wealthiest paid off student debt? See how much it would cost and what impact it could have on borrowers and the economy.

GOBankingRates

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

When OpenAI’s Sam Altman told reporters in San Francisco earlier this year that the AI sector is in a bubble, the American tech market reacted almost instantly.

The Conversation

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How to Position Your Portfolio for Lower Interest Rates

The Federal Reserve is far from done with its rate-cutting regime. This is how investors can prepare.

Kiplinger

Why the economy has that ‘weird feeling of something you like getting worse’: One of America’s top legal theorists on ‘the age of extraction’

“My understanding of America is that it’s the place where things are supposed to get better,” Columbia Law School’s Tim Wu told Fortune.

Fortune

Your Party is voted to be called … Your Party, Jeremy Corbyn announces – UK politics as it happened

Former Labour leader announces official name at conference in Liverpool after vote by members

The Guardian - UK

China's factory activity contracts for 8th month in November despite trade war truce

China’s factory activity contracted for the eighth straight month in November, according to an official survey on Sunday, underscoring challenges for the country’s economy despite the U.S.-China trade truce

The Independent UK

What the CEO of the world's largest data center company—with 273 locations in 36 countries—predicts will drive the business forward

Equinix is in the business of "designing and constructing the infrastructure that underpins the digital economy."

Fortune

Moody's Chief Economist Mark Zandi Warns Stock Market Downturn Could 'Knock the Wind Out of' the Wealthy and Trigger Recession

An increasing number of company executives and economists have recently pointed to a widening gap in the economy, where the wealthy drive most economic activity and low-income Americans continue to struggle financially.

Benzinga

Venezuelans worried about economic turmoil shun Black Friday deals

Venezuelans are skipping Black Friday shopping due to the country's struggling economy

The Independent UK

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The Independent UK

Photos capture enduring enthusiasm for Black Friday, the biggest shopping day of the year

Black Friday kicked off the holiday shopping season with enthusiasm, despite consumer confidence in the U.S. economy falling this month in the aftermath of the federal government shutdown, weak hiring and stubborn inflation.

Euronews

EU seeks to exploit nature-based products for competitiveness push, green groups say

Nature-based products such as biofuels and bioplastics will be looked to as drivers of green growth under a recently announced bioeconomy strategy, but critics are wary of overexploitation.

Clever Dude

The Real Reason Catalytic Converters Keep Disappearing

Catalytic converters keep vanishing from driveways, parking garages, and quiet residential streets. The surge has stunned many drivers who never thought a part hidden under the car would become a target. The root issue runs deeper than opportunistic crime. It ties to metals, markets, and a system that quietly created…

Bored Panda

The Poorest Country In The World And 14 Others Facing Dire Hardship

The Poorest Country In The World And 14 Others Facing Dire Hardship. Explore the 2025 list of the poorest nations by GDP and GDP per capita. What factors impact their economy?

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Clever Dude

The Tire Pressure Myth That’s Costing Drivers Thousands

The tire pressure myth keeps pulling money out of drivers’ wallets, and most people never realize it. The idea sounds harmless: set tires to the number printed on the sidewall. That number looks official, precise, and trustworthy. But it’s not the number that protects fuel economy, tire life, or safety.…

The Guardian - UK

Fatos Nano obituary

Politician who helped steer Albania’s chaotic transition in the early 1990s from communist rule to fledgling market economy

The Guardian - US

Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending

In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year

The Conversation

Three reasons why China wants global green leadership after Cop30 – and two reasons it doesn’t

Ahead of the UN’s Cop30 summit, China appeared keen to take on the mantle of new global leader on climate change, stepping into the gap left by the US’s withdrawal from the top spot under Donald Trump.

Benzinga

US Would Be In 'Recession' Without AI, As Spending Goes 'Through The Roof,' Comprising 45% Of S&P 500 CapEx

The United States economy is now dependent on a historic surge in artificial intelligence (AI) investment to stay afloat, according to recent market analysis. New data reveals that without the massive capital infusion into AI infrastructure, the U.S. would currently be in an economic recession.

Euronews

How climate change is growing into one of the biggest threats to Spain’s ‘resilient’ economy

Despite steady GDP growth, a new report warns Spain is among the European countries most 'exposed' to climate change.

Benzinga

Michigan's Governor Just Revealed A $27 Billion Pension Problem—And 87% Of CEOs Think the Economy Will Only Get Worse

Laying bare the structural challenges facing Michigan's economy – from a massive unfunded pension liability to rising CEO pessimism over the state's manufacturing future – Gov. Gretchen Whitmer sat down for an unusually transparent financial review on YouTuber Caleb Hammer's "Financial Audit" show on Nov. 3.

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