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The Latest Breaking News from Economy

UK Government blamed for hindering Scottish businesses amid economy slowdown

THE UK Government has been blamed for hindering Scottish businesses growth after a new report showed that Scotland's economy slowed down ...

The National (Scotland)

Trump is responsible for the economy over Biden, survey shows

IN FULL

The Independent UK

Voters now say its Trump’s economy as they pin current economic conditions on him over Biden

The Trump administration has set a July 9 deadline for new tariff rates with numerous international trading partners

The Independent UK

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Economic slowdown linked to global uncertainty amid Trump tariffs – think tank

The Fraser of Allander Institute now expects Scottish economic growth of 0.8% in 2025 and 1.0% in 2026 – a slight downgrade from its April forecasts.

The Independent UK

US Economy Defies Forecasts With Strong Job Growth as Private Sector Weakens

The US economy added 147,000 job, which is higher than the predictions made by analysts. Unemployment rate is not down to 4.1%!

International Business Times UK

World Bank's IFC Ramps Up Investment Amid Global Uncertainty

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities.

International Business Times

UN Expert Says Firms 'Profiting' From 'Genocide' Of Palestinians

UN rights expert Francesca Albanese on Thursday denounced companies she said "profited from the Israeli economy of illegal occupation, apartheid, and now genocide", in a report that provoked a furious response from Israel.

International Business Times

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New job data is here and Trump’s economy is limping along at 15-year low, but White House calls it terrific

Mediocre performance, not complete disaster.

We Got This Covered

US Trade Deficit Widens In May As Trump Tariffs Fuel Uncertainty

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.

International Business Times

Dollar Moves Higher on Stronger-Than-Expected US Payroll Report

The dollar index (DXY00 ) today is up +0.36%. The dollar is higher after the stronger-than-expected US payroll report of +147,000 suggested continued strength in the US economy. The dollar is also seeing support from improved interest rate differentials, with the 10-year T-note moving higher by +5 bp. The dollar...

Barchart

Nissan Just Issued a Major Recall for Its Funky Variable-Compression Engine

Nissan's variable-compression engine once held so much promise. The so-called VC-Turbo uses a complicated mechanism to allow operation at a low compression ratio for performance, and a high compression ratio for better fuel economy. But, reliability has been a concern, prompting a NHTSA investigation, and now, a massive recall.

Motor1

Voices: The markets have spoken – and it is they, not the prime minister, that saved Rachel Reeves

COMMENT : In its response to the chancellor’s possible resignation, in the face of market jitters the City has made it clear that she is Labour’s only candidate for No 11, says James Moore – and any attempt to replace her could prove very expensive for the country

The Independent UK

US Hiring Beats Expectations In June Despite Tariff Worries

The US economy added more jobs than expected in June while the unemployment rate edged down, government data showed Thursday, offering signs of continued labor market strength despite worries over President Donald Trump's tariffs.

International Business Times

US adds 147,000 jobs in June, surpassing expectations amid Trump trade war

Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1%

The Guardian - US

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The Independent UK

U.S. applications for jobless aid fell to 233,000 last week as layoffs remain low

Fewer Americans applied for unemployment benefits last week as layoffs in the U.S. remain low despite uncertainty about how tariffs will impact the economy

Al Jazeera

UN expert calls on world to end trade with Israel’s ‘economy of genocide’

UN Special Rapporteur Albanese says dozens of companies play a role in ‘sustaining Israel’s settler-colonial project’.

The Independent UK

Black Sabbath’s final show set to boost Birmingham economy by £20m

Birmingham to get an economy boost as lifelong fans head to the city for Ozzy Osbourne’s final show with Black Sabbath

Euronews

Spain overtakes Japan in GDP per capita - what is behind the numbers?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

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Reason

Under the 'Big, Beautiful Bill,' Car Companies Won't Be Fined for Failing To Hit Arbitrary Fuel Efficiency Goals

CAFE standards try to accomplish a reasonable goal but in an ineffective way.

The Independent UK

AOC blasts Trump’s bill as ‘a deal with the devil’ as she gives emotional floor speech trying to stop its passage

Progressive congresswoman says legislation ‘militarizes our entire economy and it strips away healthcare and basic dignity of the American people’

The Guardian - US

How Trump’s bill will supercharge mass deportations by funneling $170bn to Ice

Critics warn the staggering sum dedicated to the agency in the bill will threaten humanitarian protections and disrupt the economy

The Conversation

UK may be on verge of triggering a ‘positive tipping point’ for tackling climate change

The UK is now more than halfway (50.4%) to achieving a net zero carbon economy, which means it has reduced its national emissions significantly compared to 1990.

GOBankingRates

6 Warning Signs of a Recession — and Where the US Economy Stands, According to George Kamel

Finance expert George Kamel recently broke down six recession warning signs. GOBankingRates asked finance experts how they feel about the recession markers.

Benzinga

Labor Market Flashes Red Signal—And The Last Time This Happened It Didn't End Well

The U.S. labor market is flashing a rare warning sign after private sector payrolls fell in June for the first time in over two years, raising concerns about the economy’s health and increasing bets on Federal Reserve interest rate cuts.

The Conversation

The rule of law is key to capitalism − eroding it is bad news for American business

Something dangerous is happening to the U.S. economy, and it’s not inflation or trade wars. Chaotic deregulation and the selective enforcement of laws have upended markets and investor confidence. At one point, the threat of tariffs and resulting chaos evaporated US$4 trillion in value in the U.S. stock market. This…

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