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The Latest Breaking News from Economy

Trump's $2,000 Dividend Check Plan, $200 Billion Trade Deal And More: This Week In Economy

Another weekend has passed, and it’s time to catch up on the most significant stories that emerged over the past few days. Here’s a quick recap of the key events that unfolded over the weekend.

Benzinga

A slowing wartime economy pushes the Kremlin to tap consumers for revenue

Russia's economy has slowed after two years of robust growth fueled by the war in Ukraine

The Independent UK

AI, Covid and taxes: what is behind steep rise in youth unemployment?

Last year’s employer NICs increase and a weak economy are adding to tricky conditions for young people

The Guardian - UK

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Nigel Farage is today’s Enoch Powell and his appeal down to slow economy, says minister

Business secretary Peter Kyle says appeal of far-right parties like Reform due to ‘their dogma of disruption, division and despair’

The Guardian - UK

Congress Members Got Full Pay During Government Shutdown: Here's How Much They Made During Record Long Stoppage

The longest government shutdown in American history came to an end this past week, with the 43-day event disrupting food assistance payouts, travel and more pieces of the economy.

Benzinga

Trump raised eyebrows after asking America’s top CEOs for tips on affordability crisis: ‘He’s surrounded by a lot of ‘yes men’’

The president reportedly made remarks during a private event at the White House, which included CEOs from JPMorgan Chase, BlackRock, Goldman Sachs and Nasdaq

The Independent UK

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Independent UK

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Trump now faces the worst possible fate in polling: Becoming Joe Biden

ANALYSIS: It doesn’t matter how much Trump talks about how costs are going down. Voters are not buying what he is saying, Eric Garcia writes

The Independent UK

Stimulus Payments Could Put Donald Trump In a Dilemma; Here's Why

Donald Trump's plan to issue stimulus payments is not good for the economy, according to experts. However, he will also attract backlash if he forgets it.

International Business Times UK

You’re Just Lazy: 8 Real Reasons You Can Find A Job

People often say the job market is tough, but the truth is, many folks still manage to get hired every day. If you keep telling yourself there are no opportunities, maybe it’s time to face a harder truth—you might just be lazy. The phrase sounds harsh, but it’s not an…

Clever Dude

‘The speculation is ridiculous’: Readers vent frustration over Budget uncertainty

YOUR VIEWS: Our community is split over Rachel Reeves’ upcoming Budget, with many frustrated by speculation and uncertainty, while others defend her cautious approach

The Independent UK

Carney’s ‘nation-building’ programme misses mark to be truly transformative for Canada

The $C56bn plan focused on investing in a resource economy falls short of changing Canadians’ day-to-day lives

The Guardian - US

The climate crisis is expensive: net zero is cheaper for Australia than not doing more

The Coalition claims net zero by 2050 will cost too much – but unchecked warming or even a delayed transition would be worse for the economy

The Guardian - AU

‘Make Sydney fun again!’: can government policies really resuscitate the city’s nightlife?

With the world’s best-resourced night-time economy office behind it, can Sydney finally be enticed to come out after dark?

The Guardian - AU

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The Independent UK

German government to subsidize industry's energy prices in bid to revitalize economy

Germany’s governing coalition has agreed to subsidize energy prices for heavy industry over the next three years

Evening Standard

Confidence in UK economy plummets among London fintech bosses

More than eight out of ten are pessimistic about prospects for UK

Evening Standard

Landsec improves guidance amid shift from office investment

Bosses reported ‘clear positive momentum’ across the company despite wider pressures in the economy.

The Guardian - US

Global markets struggle after tech sell-off and fears over Chinese economy

Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China

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news in one place.

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The Independent UK

Vance flatters Trump and blames Biden for affordability crisis in Fox News interview which avoids any mention of Epstein

Vance defended the administration as it continues to face political liabilities over the economy and the president’s past association with Jeffrey Epstein

The Independent UK

Foreclosure rates have soared 20% over the last year in latest worrying sign for the economy

Foreclosures remain below historic peaks but the data is a warning sign when paired with larger inflation issues across the economy

Barchart

Dollar Falls as the US Government Reopens

The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.33%. The dollar retreated on Thursday amid speculation that the reopening of the US government would allow the release of delayed economic reports that could show a weakening US economy, prompting the Fed to...

The Conversation

Renewable energy is reshaping the global economy – new report

World leaders gather for the UN climate summit (Cop30) in Belém, Brazil, amid concerns about the slow progress in cutting global carbon emissions. Ten years into the historic Paris climate agreement, we are off track to meet its core objective, to keep global warming well below 2°C, relative to pre-industrial…

Fortune

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

The Independent UK

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

Euronews

EU steps up crackdown on cheap Chinese parcels flooding European market

EU economy ministers agree to tax small parcels coming from China putting Shein and Temu in the hot seat.

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