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The Latest Breaking News from Economy

Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%

The Guardian - UK

Tariff tensions to drag down UK economy next year, says IMF

Economists at the IMF said global trade tensions are expected to wipe 0.3 percentage points off growth for 2026.

Evening Standard

Trump is going to get 'punched in the face' by markets if he pushes through spending bill without a plan for national debt and tariffs, says Wharton professor

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Fortune

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Stocks Fluctuate As Traders Await Next Moves In Trump Trade War

Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.

International Business Times

Local Teams Matter for Local Businesses: Insights from FINITE Business Solutions

Outsourcing critical operations to offshore teams is common for businesses in today's global economy. Countless companies rely on a patchwork of international labor for customer support, bookkeeping, IT services, and more. This trend, primarily driven by cost savings, has unfortunately created a detachment between businesses and the communities they serve.

International Business Times

What is modern monetary theory? An economist explains how it could help Canada

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

The Conversation

Rachel Reeves should invest extra money in economic growth, not spend it on U-turns, former adviser warns

Exclusive: Call from former Treasury minister Jim O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

The Independent UK

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U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent

A combination of pro-growth trade policies, tax cuts, and deregulation will soon lead to a pickup in activity, according to the Trump administration, following a 0.3% annualized contraction in the first quarter.

Fortune

7 Food Stocks You Should Be Investing In Now For Big Returns

Food stocks might be your next big opportunity if you’re looking for a smart way to grow your money. The food industry is a cornerstone of the global economy and has proven resilient even during economic downturns. With changing consumer habits, innovation in food technology, and the ever-present need for…

Grocery Coupon Guide

I drove the 2025 Hyundai Elantra N for a week — and it’s what I would’ve wanted in my 20s

The 2025 Hyundai Elantra N packs a sporty design paired with an impressive driving performance that can keep with the zippy acceleration of today's EVs.

Tom’s Guide

The charts that show just how worried Labour should be about the polls

Whether on leader favourability or on key policy areas, Labour is losing ground on almost every metric

The Guardian - UK

Economists Warn Deporting Hundreds of Thousands of Venezuelans Could Devastate U.S. Economy

The Trump administration is seeking to cancel Temporary Protected Status for 350,000 Venezuelans. But experts say it could devastate U.S. economy.

Latin Times

U.S. may lose 230,000 jobs if foreign tourists stay away

For every dollar no longer spent by visitors to the U.S., an additional $1.19 is lost throughout the economy.

Fortune

Russia is facing fresh sanctions, but Putin is used to dealing with a struggling economy

The UK and the EU have agreed to hit Russia with a raft of new economic sanctions after hopes of a ceasefire with Ukraine came to nothing. One French minister commented that it is time to “suffocate” the Russian economy.

The Conversation

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The Independent UK

Homeowners spend on renovations and repairs despite the uncertain economy and higher prices

U.S. homeowners are boosting spending on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy

Euronews

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

Euronews

Can tourism be reimagined? New Saudi-led platform wants to future-proof global travel

Tourism is expected to contribute nearly €11 trillion – about 10 per cent of GDP – to the global economy this year.

International Business Times

German Growth Upgraded On Pre-tariff Export Surge

Germany's economy grew more than previously thought at the start of the year, as its exports surged before US President Donald Trump imposed sweeping tariffs, official data showed Friday.

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Euronews

Tashkent hosts GSMA M360 as Eurasia’s digital economy grows

The capital of Uzbekistan hosted the GSMA M360 Eurasia 2025 summit for the first time, bringing together regional policymakers, global tech leaders, and industry innovators to explore the future of mobile connectivity and digital transformation in Eurasia.

The Independent UK

Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate

The German economy, Europe’s biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing

Euronews

Expensive electricity and bankruptcies: Does Germany need to go back to nuclear power?

Germany's new minister of economy wants more natural gas power stations and electricity subsidies. But is that enough to boost the economy?

The Independent UK

Argentina's Milei unveils bold plan to lure billions in undeclared dollars back home

Argentina’s government has unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone country

Barchart

Dollar Moves Higher on Signs of US Economic Strength

The dollar index (DXY00 ) Thursday rose by +0.37%. The dollar moved higher Thursday on signs of strength in the economy after weekly jobless claims fell to a 1-month low and the May S&P manufacturing PMI unexpectedly increased, hawkish factors for Fed policy. However, gains in the dollar are limited...

Latin Times

Trump Official Banking on 'Growing Economy' to Offset Tax Cuts Sparks Backlash Online: 'My Grandchildren Are Screwed''

A senior Trump administration official sparked online backlash after being asked how the cost of tax cuts provided by the GOP spending bill would be counteracted, stating that the administration was depending on the future possibility of a growing economy.

The Independent UK

JP Morgan CEO Jamie Dimon says Trump’s tax bill will ‘stabilise things’ - but there’s still one big problem

‘There's a chance that [...] you'll have stagflation,’ the JP Morgan Chase CEO said Thursday

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