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The Latest Breaking News from Economy

New Flu Strain Could Cost Families £790 ($1,000) and Billions for the US Economy

The 2024-2025 flu season exposed harsh economic realities for working families, with costs extending beyond medical bills to lost wages and emergency childcare expenses.

International Business Times UK

Trump Tells McDonald's Workers They're 'Lucky' He's Won The Election And Saved Them From A 'Catastrophe'

President Donald Trump told McDonald's Corp. (NYSE:MCD) franchisees and suppliers on Monday that they were "lucky" he won the 2024 presidential race, claiming the U.S. economy would have been pushed towards bankruptcy under former Vice President Kamala Harris.

Benzinga

Health clinics on the high street can revive flagging town centres – NHS leaders

Health minister Stephen Kinnock said locating health centres in towns offered ‘real regeneration and a clear win for the community’.

Evening Standard

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Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

Ken Clarke tells Rachel Reeves to raise income tax in her budget

The former chancellor has also warned that pre-budget briefing as left an ‘air of gloom’ over the economy

The Independent UK

How To Profit From The Fifth Industrial Revolution

When we write the story of the current revolution in technology and the global economy, it’s not going to be a story of technological prowess.

Benzinga

Rural America's farm economy is struggling with its own K shape, as government payouts rocket to crisis levels

"As a share of GDP, government payouts will approach levels rarely seen outside of the 1980s' farm crisis and the farm aid packages under the first Trump presidency."

Fortune

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How Malaysia shrugged off Trump's tariffs, according to its finance minister: 'We didn't panic'

"We weren’t going out there and saying 'I’m going to reset my [growth] targets,'" Malaysia Finance Minister II Amir Hamzah Azizan explained.

Fortune

Trump's tariffs hit the global economy

Even with trade deals, the levies imposed on their goods are still well above pre-Trump norms.

Axios

RBA reveals what would rule out more interest rate cuts

Barring a material rise in unemployment or weaker-than-expected economic growth, mortgage holders can just about give up hope for any more interest rate relief.

AAP

French bosses parade choice of investing billions in homegrown firms

French companies announced investments worth €9.2 billion on Monday at the first edition of a government-backed "Choose France" summit dedicated to domestic firms. The government is keen to show the euro zone’s second-biggest economy remains a top business destination despite political turmoil.

Radio France Internationale

Billionaires Depend On Armies Of Staff To Maintain Their Comfort. Gen Z Is Choosing To Serve Them Instead Of Sitting In Cubicles

As wealth concentrates and the economy becomes more reliant on the ultra-rich, a number of Gen Z workers are choosing to work directly for them, according to Business Insider.

Benzinga

Hosting golf’s Open generated £280m economic benefit for NI, research suggests

The assessment was jointly commissioned by tournament organisers The R&A and Tourism Northern Ireland.

Evening Standard

The Open At Royal Portrush Boosts Northern Ireland Economy By $369m

Figures from research commissioned by The R&A and Tourism Northern Ireland show the huge economic benefits to Northern Ireland of the 2025 Open at Royal Portrush

Golf Monthly

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The Conversation

Why people trust influencers more than brands – and what that means for the future of marketing

Not long ago, the idea of getting paid to share your morning routine online would have sounded absurd. Yet today, influencers are big business: The global market is expected to surpass US$32 billion by the end of 2025.

The Conversation

The UK government’s risky rollback of financial regulation threatens long-term growth

The financial crisis of 2008 left deep scars on the British economy. The average UK household is now estimated to be 16% poorer than it would have been had that crisis never occurred.

BANG Premier

Amyl and The Sniffers foot $35,000 bar tab after Melbourne gig is axed by police

Amyl and The Sniffers have been praised for giving back to the local bar economy in Melbourne.

Evening Standard

Budget rumours key reason for weak growth, says former Bank chief economist

Andy Haldane has called for the process to be overhauled to prevent Budget leaks that can damage the economy.

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The Independent UK

Budget gossip and U-turns to blame for Britain’s weak growth, former Bank of England economist warns Reeves

Andy Haldane has called for the process to be overhauled to prevent Budget leaks that can damage the economy

Benzinga

Scott Bessent Expects US-China Rare Earths Deal By Thanksgiving Based On Xi Jinping's 'Word' But Issues Caution: 'All Options...'

Treasury Secretary Scott Bessent expressed optimism about the ongoing rare earths deal between the U.S. and China, hinting at a potential resolution by Thanksgiving.

The Guardian - UK

Japan and Switzerland’s economies contract as US tariffs hit exports; Alphabet shares jump after Warren Buffett reveals stake – as it happened

Rolling coverage of the latest economic and financial news

Euronews

Japan's economy contracts as exports are hit by President Trump's tariffs

On a quarter-on-quarter basis, GDP in the three months to September contracted for the first time in six quarters, a challenge for new Prime Minister Sanae Takaichi.

The Independent UK

Japan's economy contracts as exports get hit by US tariffs

Japan’s economy has declined at an annualized rate of 1.8% in the July-September period, as President Donald Trump’s tariffs sent the nation’s exports reeling downward

The Guardian - UK

UK watchdogs need to step in on rip-off bills, which are bad for consumers and the economy

From mobiles to insurance and subscriptions, firms are able to exploit the fact they know more than customers

Fortune

'If voters feel like things aren't working, they fire their politicians': K-shaped economy math shows why Trump’s base feels betrayed

The president’s approval ratings have reached their lowest since he took office in January.

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