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The Latest Breaking News from Economy

'Black Swan' author Nassim Taleb says your city's new bike lane is the reason the economy sucks

"Many are discovering that lifestyle improvements, such as bicycling paths and pedestrian- and cyclist-friendly cities, may not produce economic growth."

Fortune

The Fed May Cut Less Than You Think, And That Could Hit Stocks Hard: Oxford Economics

In an exclusive interview with Benzinga, John Canavan, lead analyst at Oxford Economics, struck a cautiously optimistic tone on the U.S. economy heading into 2026, but warned that the market's growing obsession with aggressive rate cuts and tech stock dominance may be ignoring some inconvenient truths.

Benzinga

China gives up WTO developing-country status as tariff tensions linger

The US has long argued China should give up the developing-country status because it is the world’s second-largest economy.

Euronews

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Germany's Merz Rejects Claims He Is Slowing Green Shift

German Chancellor Friedrich Merz on Wednesday rejected claims his government was undermining the climate change fight, but insisted that industry also needed to be protected to revive the crisis-wracked economy.

International Business Times

In Uganda, a vibrant tourist economy boosts the conservation of endangered mountain gorillas

In Uganda, the economic benefits of tourism have turned gorilla poachers into conservationists, married women into porters and rangers into spokespeople for the great apes

The Independent UK

Iran's Carpet Industry Unravelling Under Sanctions

Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change.

International Business Times

Jerome Powell says Gen Z without tech skills are getting crushed in the ’low-hire, low-fire’ job market—and colleges are failing them

While a major economic issue, there’s not much the Fed can do about that, he said.

Fortune

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Ford's CEO: America is ignoring the 'essential economy' as AI eats entry-level white-collar jobs

"There’s more than one way to the American Dream," Ford CEO Jim Farley says.

Fortune

Nickel And Diming – 'Pawn Stars' Boss Rick Harrison Says High Fees Are Killing Sin City Tourism

Las Vegas' once robust economy is struggling, and "Pawn Stars" boss Rick Harrison thinks excessive hotel fees are contributing to Sin City's tourism slump.

Benzinga

Bank's big rate call after 'ugly' inflation print

A big four bank has pushed back its forecast for the next Reserve Bank rate cut after Australia's headline inflation rate jumped in August.

AAP

The US-UK tech prosperity deal carries promise but also peril for the general public

The UK government hailed the recent US state visit as a landmark for the economy. A record £150 billion of inward investment was announced, including £31 billion targeted at artificial intelligence (AI) development.

The Conversation

OECD warns Trump’s tariffs have ‘yet to be fully felt in the U.S. economy,' downgrades growth forecast with grim outlook

U.S. growth is set to fall to 1.5% in 2026.

Fortune

Plug Power Stock: Hydrogen Fuel Cell Supplier Leaves Rivals in the Dust as Its Stock Soars in Shock 15% Surge

Plug Power stock jumped nearly 15% after reporting stronger-than-expected Q2 results, with surging electrolyser sales fuelling optimism that the hydrogen fuel cell supplier could cement its role in the clean energy economy.

International Business Times UK

Permanent residency for Hongkongers may be worth £4bn to UK economy, says thinktank

Analysis finds value of moved pensions savings could raise similar revenue by 2029 as a year’s air passenger duty

The Guardian - UK

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International Business Times

German Business Groups Pressure Merz Over Ailing Economy

German business associations in talks with Chancellor Friedrich Merz stressed the "urgency" of steps to help the ailing economy, one group said Tuesday, with reports describing a stormy encounter.

The Independent UK

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

Fortune

You need at least $5 million—and a college degree—to reach the American Dream, new report says

In the age of the everyday millionaire and the weird economy where everybody's wealthy, the American Dream has been dealing a bad case of some inflation.

International Business Times

Tech Migrants 'Key' For US Growth, Warns OECD Chief Economist

High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry.

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Barchart

Stock Index Futures Muted Ahead of U.S. PMI Data and Powell’s Speech

December S&P 500 E-Mini futures (ESZ25) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.06% this morning as investors remain on the sidelines ahead of a speech from Federal Reserve Chair Jerome Powell and U.S. business activity data.

Evening Standard

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

International Business Times

OECD Ups World Economic Outlook As Tariffs Contained, For Now

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

The Independent UK

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Guardian - UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

AAP

Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

The Independent UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

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