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The Latest Breaking News from Economy

Reeves suggests higher taxes on wealthy will be in Budget

The Chancellor said the economy is still suffering from the impacts of leaving the European Union, austerity policies and Liz Truss’s mini-budget.

Evening Standard

Syria Won't Wait For Global Community To Reform Economy: Finance Minister

Syria is in a hurry to rebuild its war-torn economy and will not wait for the international community to begin making those changes, the country's finance minister said Wednesday.

International Business Times

Can XRP Hit $1,000? That Would Make It Bigger Than The US Economy

Could XRP (CRYPTO: XRP) ever hit $1,000 — a level that would make its market cap larger than the U.S. economy itself?

Benzinga

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EU Economy Chief Urges G7 To Join Plan Tapping Russia Assets For Ukraine

The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington.

International Business Times

US Says Working On New $20 Bn 'Facility' For Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

International Business Times

FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

Evening Standard

The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled

Even as the government and investors try to treat the Trump situation as ‘normal’, the US has never been less attractive to Australian holidaymakers

The Guardian - AU

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You could soon get charged for reclining your seat on your flight with this airline

Canadian airline WestJet announced the change as part of a major cabin refresh

The Independent UK

RexShares' REX-Osprey ETFs Help Bridge The Opportunity Gap For Prospective Crypto Investors

Without hesitation, one of the strongest performances in the global capital markets stems from the broader cryptocurrency space. At its recent peak, the sector saw its total market capitalization rise to $4.28 trillion. For context, that would make the blockchain economy the fourth largest in the world, trailing Germany at…

Benzinga

Trump's Tariffs 'Papered Over By AI' Are Quietly Hurting Economy: 'We've Only Seen Half Of...'

A massive wave of investment in artificial intelligence (AI) is masking significant economic damage caused by Donald Trump‘s tariffs, creating a deceptive picture of the U.S. economy's health, according to investor Steve Eisman and CNBC Senior Economics Reporter Steve Liesman.

Benzinga

Which airlines have upper deck economy class on the Airbus A380?

Plane Talk: These cheap seats offer extra space, quicker service and a higher chance of an aisle or window seat and a more intimate cabin

The Independent UK

Starmer only read China spy witness statements this morning, No 10 says, as Cleverly accuses PM of misquoting him – as it happened

PM says he intends to publish statements in full and blames previous government for failure of the case

The Guardian - UK

For Mary Portas, queen of shops, small is beautiful on the high street

The retail champion is looking for a big turnout at her pop-up markets this October to support brilliant small businesses that are the backbone of the UK economy, selling everything from pre-loved fashion to jewellery

The Guardian - UK

Is this the quirkiest plane cabin? What it’s really like to fly business class on a British Airways A380

The Independent’s US Travel Editor flies business class on a BA A380 from London Heathrow to Miami. On paper, it’s a classic flight. But Ted Thornhill discovers it’s a journey with a twist

The Independent UK

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Euronews

Saudi Arabia boosts global charm offensive with 2025 Cultural Investment Conference

Saudi Arabia has further signalled its determination to diversify its assets by hosting a global conference to discuss investing in culture, its role in economic and social development and strengthening national identity.

Euronews

Europe wants to bring industry to space. What is the ‘Moon economy?’

Some of the world’s space agencies are getting ready for commercial activity on the Moon.

The Independent UK

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Guardian - UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

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Evening Standard

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

International Business Times

China Consumer Spending Falls As Pressure On Economy Builds

China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.

The Independent UK

Asian shares swing higher after a wobbly day on Wall Street

Shares have swung higher in Asia as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing

Barchart

Trade Jitters Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.69%. December E-mini S&P futures (ESZ25 ) fell -0.20%, and December E-mini Nasdaq futures...

Benzinga

Rocket Lab Ignites Space ETF Rally As Investors Seek The Next SpaceX

Rocket Lab Corp (NASDAQ:RKLB) has rekindled investor attention on the space economy following a solid endorsement from Morgan Stanley, which upped its price target on the stock to $68 from $20, a 240% increase, and compared the company to an “earlier-stage alternative to SpaceX.”

Barchart

Dollar Declines on Dovish Powell

The dollar index (DXY00 ) on Tuesday fell by -0.24%. The dollar gave up its overnight advance and turned lower after ECB President Lagarde’s upbeat comments pushed the euro higher and weighed on the dollar. The ongoing shutdown of the US government is bearish for the dollar. The longer the...

InsideEVs

GM Is Selling More EVs Than Ever. Here's Why It's Out $1.6 Billion

Here's why General Motors announced a $1.6 billion adjustment, even after selling a record number of electric vehicles in Q3 2025.

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