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The Latest Breaking News from Economy

Trump says Biden caused the economic downturn. That’s malarkey

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessor

The Guardian - US

Germany set for new government as mainstream parties sign coalition deal

New government must revive economy as Ukraine war and Trump complicate European security and trade.

Al Jazeera

We all know the crisis in UK social care damages lives and the economy: it’s the Treasury we must convince

There are real costs to not tackling this grievous problem. But, as we report today, the data we need doesn’t seem to exist, says Layla Moran, chair of the health and social care select committee

The Guardian - UK

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American Airlines’ Flagship Suite business class to debut in June on these routes

The Flagship Suite debuts alongside an upgraded premium economy cabin - and launches on flights from Philadelphia and Dallas to Heathrow and Brisbane later in the year

The Independent UK

Will the Federal Reserve ignore Trump and keep rates stable this week?

While the US Federal Reserve is still under significant pressure from the Trump administration to slash interest rates, some experts believe that rate cuts may not come for another few months at least.

Euronews

JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan has redeployed most of Capital Connect’s 200 employees.

Fortune

Yes, you can still visit Barcelona. Here’s how to do it more responsibly

Groups across Europe are calling for a day of anti-tourism protests in June, foreshadowing another summer of unrest.

Euronews

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Facing A Broken Economy, Ghana's Tech-savvy Teens Turn To Fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

International Business Times

‘It’s pretty bad’: Bank of England top official on the lack of female economics students

Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject

The Guardian - UK

5 huge climate opportunities await the next parliament – and it has the numbers to deliver

Australians have returned an expanded Labor Party to government alongside a suite of climate-progressive independents. Meanwhile, the Coalition – which promoted nuclear energy and a slower renewables transition – suffered a historic defeat.

The Conversation

Oil prices drop $2 with most Asian markets closed for holidays

Oil prices have fallen more than $2 a barrel after the OPEC+ group of oil producing nations said it plans to increase output

The Independent UK

How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

The Independent UK

Donald Trump’s cartoon-like chaos leaves US economy on unstable course

Uncertainty generated by tariff policy underlines US president seemingly unable to choose a path and stick to it

The Guardian - UK

Trump feels tug of political gravity as economy falters and polls plunge

The president started his second term fast and furious with a flurry of activity – much of it legally dubious – but analysts say the honeymoon is over

The Guardian - US

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International Business Times

US Fed Expected To Pause Cuts Again And Wait For Clarity On Tariffs

The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.

The Independent UK

Trump blows off trade war recession fears: ‘Everything’s ok’

President says U.S. economy will undergo ‘transition period’

The Guardian - UK

Financial markets have become a bulwark against populist excesses

Custodians of global wealth have reacted with anger at attempts by people like Trump and Truss to revolutionise the economy

The Guardian - US

Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty

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The Independent UK

Mixed economic data puts Trump’s domestic agenda at risk

ANALYSIS: Analysis: Trump gets a lucky break on jobs, but he faces several alarm bells on the economy that he won’t be able to ignore, writes Eric Garcia

The Independent UK

America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

Fortune

Trump got a strong jobs report, but maybe not the way he wanted

The bulk of new jobs in April came from industries that do not necessarily reflect the administration’s priorities.

International Business Times

Carney Vows To Transform Canada Economy To Withstand Trump

Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada's economy since the end of the Second World War to enable it to "stand up" to Donald Trump.

The Guardian - UK

One hundred days in, Donald Trump faces a problem: he can rage, but he can’t govern

Americans are beginning to worry about their future amid a shrinking economy, warnings of empty shelves – and the president’s failed promises, says Guardian columnist Jonathan Freedland

The Independent UK

The seats passengers will use for the 20-hour flight that will become the world’s longest

The service will be operated between New York, London and Sydney by Qantas, using modified Airbus A350s with very fancy cabins

The Independent UK

Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

The report gives the first glimpse of how the economy has fared after Trump’s so-called ‘Liberation Day’ when he introduced sweeping tariffs that plunged the stock market into chaos

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