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The Latest Breaking News from Economy

Traders voice frustration at Tube strike with city economy facing hit of £230m

Experts believe the true cost of the Rail, Maritime and Transport union strike could rise further this week

The Independent UK

Top analyst says you weren't crazy for thinking the economy felt worse than it looked the last 3 years. The 'rolling recession' just ended

"Central to our view," Morgan Stanley's Mike Wilson argues, "is the notion that the economy has been much weaker" than the headline numbers suggest.

Fortune

The supply and demand seesaw sending mixed signals about the economy

Tariffs, tax legislation and President Trump's immigration policy are all contributing to an unclear economic picture.

Axios

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Texas Tops the List of Financially Distressed States And Florida Ranks 2nd —Residents Are Flooding Google With Searches for 'Debt' and 'Loans'

The world's eighth-largest economy isn't a country — it's Texas. Bigger than most nations in GDP, the Lone Star State likes to market itself as unstoppable. But behind the bravado, Texans are struggling more than anyone else in America to keep up with their bills.

Benzinga

Businesses Are Turning Toward Wealthier Shoppers. Lower-Income Consumers Are Pulling Back On Spending

U.S. economy may be holding steady overall, but the financial divide is getting harder to ignore. Higher-income households are spending more and seeing stronger wage growth, while lower-income households are increasingly feeling left out, according to recent data from the Bank of America Institute.

Benzinga

7 Weird Ways Businesses Profit Off Customer Laziness

It’s no secret that convenience sells, but what many people don’t realize is how much companies depend on customer inaction. From hidden fees to subscription traps, the economy thrives on people choosing the easiest path rather than the most cost-effective one. These weird ways businesses profit off customer laziness might…

The Free Financial Advisor

Hopes rise for green economy boom at Africa Climate Summit

Renewables are thriving, with Africa breaking solar energy records – but action is needed to plug financing gap

The Guardian - UK

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London tube strike: Simon Calder counts cost of walkout on economy

A tube strike meant London Underground lines were suspended on Monday, 8 September, as members of the Rail, Maritime and Transport (RMT) union launched industrial action over pay and conditions.

The Independent UK

Workhouses in England and Wales linked to transatlantic slave trade, study suggests

Report highlights how British workhouses were funded and supported by those who profited from slave economy

The Guardian - UK

Turkey Blocks X, YouTube, Instagram, TikTok, WhatsApp Amid Opposition Rallies

Turkey restricted access to major social media platforms as political tensions flared, even as new data showed the country's economy growing faster than Europe's largest economies.

Benzinga

Unite’s Sharon Graham warns Labour against diluting workers’ rights bill

Union leader says employment rights bill is ‘good for the economy’ amid fears legislation could be weakened

The Guardian - UK

The hard truth about the circular economy – real change will take more than refillable bottles

We extract more than 100 billion tonnes of raw materials from Earth each year, then throw most of them away. The “circular economy” offers a different approach: instead of the linear “take-make-waste” model, we could reuse, repair and recycle materials. But despite growing enthsiasm for a circular lifestyle, we’re actaully…

The Conversation

What's behind France's current political crisis?

French Prime Minister François Bayrou faces a confidence vote on Monday, which he is expected to lose, plunging the euro zone's second largest economy deeper into political crisis. Here's a quick rundown of how the country got here and what we might expect from the vote.

Radio France Internationale

FTSE 100 Live 08 September: Oil stocks rally, Standard Life rebrand for Phoenix

The historic Standard Life name is to return to the FTSE 100 index as part of a rebranding by Phoenix Group.

Evening Standard

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Euronews

Japan confirms Q2 GDP to be 2.2% despite US tariffs, hours after PM resigns

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated. The data was published hours after Prime Minister Shigeru Ishiba announced his long-awaited resignation following his party's defeat in the summer elections.

The Independent UK

Japan's economy grew at faster rate in fiscal Q1 than initially thought on healthy consumer spending

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about U.S. tariffs and domestic political uncertainty, according to government data

The Independent UK

Alexander hails ‘defence dividend’ for Scotland from new UK Government strategy

The UK Government’s Defence Industrial Strategy will provide a ‘real boost’ for Scotland’s economy, Scottish Secretary Douglas Alexander said.

Al Jazeera

Trump floats new sanctions after Russia’s largest air assault on Ukraine

US Treasury Scott Bessent says tougher sanctions can bring Russian economy to ‘full collapse.’

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Fortune

The most troubling feature of the job market is how thinly spread gains are, top economist says — 'this only happens when the economy is in recession'

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

AAP

Big business seeks new dawn for environmental laws

As Anthony Albanese ties the clean energy transition to economic growth in a major speech, the business lobby is urging a streamlined project approvals process.

The Mary Sue

‘All fun and games until…’: Air Canada passenger tries the ‘window seat trick’ on 14-hour flight. Here’s why people say it won’t always work

In the halcyon days of the 20th century, air travel was designed to be comfortable for all passengers—not just the ones in first or business class. Those days are long gone for we plebes in economy, unfortunately. The seats are small, the legroom nonexistent, and the refreshments subpar or nonexistent.

Axios

U.S. economy should take off by fourth quarter, Bessent predicts

The government's own data says inflation's up and the job market's weakening, but Bessent sees otherwise.

Radio France Internationale

Senegal leader announces cabinet reshuffle, pledges to work around the clock

Senegal's government has replaced the justice and interior ministers in a cabinet shake-up, pledging a "government of commitment and combat" as the country tries to revive its economy.

Benzinga

US Labor Market On The Edge: Moody's Economist Warns Shrinking Workforce Signals Looming Economic Recession

The U.S. labor market is showing alarming signs of contraction, prompting Moody’s Analytics‘ top economist Mark Zandi to warn that a full-blown recession could be on the horizon.

The Guardian - US

Sorry, purists: the Coachella-fication of the US Open is here to stay

Once the people’s slam, New York’s major now doubles as a lifestyle carnival where attending is no longer just about watching, but being seen watching

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