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The Latest Breaking News from Economy

Russia Cuts Key Interest Rate, Warns Of Tepid Growth

Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions.

International Business Times

Putin says Russia will not cave under US sanctions, Trump replies ‘we will see’

Russia’s president downplayed the latest US sanctions as an “unfriendly act” which he claims would not have much impact on Russia’s economy or its stance on Moscow’s war in Ukraine. His comments were largely dismissed by Donald Trump, who said, “I am glad he feels this way”.

Euronews

U.S. Inflation Eases to 3% in September, Strengthening Case for Fed Rate Cut

December S&P 500 E-Mini futures (ESZ25) are trending up +0.59% this morning as investors analyze the release of key U.S. inflation data for clues on the health of the economy and the Federal Reserve’s rate path.

Barchart

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China focuses on high-tech and consumers as trade wars hit economy

An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,000-word communique released on Thursday.

Euronews

China's next 5-year plan puts focus on high-tech and consumers as trade friction drags on economy

China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years

The Independent UK

Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be 'Great Years' Thanks To Trump's Tax Reforms

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

Benzinga

Four out of five voters who say Brexit has been a failure think Boris Johnson is to blame, poll finds

Exclusive: Nearly two thirds of the public think Brexit has been a failure - mostly because of the economy

The Independent UK

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The real trouble with the Fed's jobs data turmoil

There's no replacement for the government's might in collecting data from all corners of the economy.

Axios

Sanctions on Russia have failed to stop the war so far – will Trump’s latest package be any different?

Donald Trump has finally decided to hit Russia with sanctions – the first package he has imposed since he came back to the White House in January.

The Conversation

Valve’s CS2 skin update leads to massive exodus with over $1 billion wiped from marketplace

The community is widely split in their opinion about the update.

Dot Esports

How Qatar is seeking soft power by shaping city skylines worldwide

With investments across continents and developments reshaping city skylines, Qatar is demonstrating its growing ambition to make a lasting mark on the world’s urban landscape.

Euronews

Will Russia back down from war after further EU and US sanctions?

Moscow has denied that the latest round of sanctions by the EU and the new strict measures by Washington will have any effect on its economy or its war strategy, signalling that Russia will not back down on its invasion of Ukraine or agree to a ceasefire.

Euronews

Young voters in Côte d'Ivoire want jobs, change – but most of all, peace

As Ivorians head to the polls on Saturday, with their 83-year-old incumbent president seeking a fourth term, young people in the country spoke to RFI about the frustrations of living in a country with a healthy economy but a lack of opportunities.

Radio France Internationale

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

Fortune

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The Independent UK

Belgium demands change in plan to use frozen Russian assets for Ukraine

The European Union’s executive branch has been developing a plan to use Russia’s frozen assets as collateral to drum up funds

The Guardian - UK

Rachel Reeves is the face of this budget. But the really big decisions are not in Labour’s hands

The UK’s economic policy isn’t decided by politicians, but by the OBR and the Bank of England. This is a system in dire need of a rethink, says Guardian columnist Larry Elliott

International Business Times

Trump Heads To Asia Aiming To Make Deals With Xi

US President Donald Trump is set to embark on a major trip to Asia this week with all eyes on an expected meeting with Chinese leader Xi Jinping that has huge implications for the global economy.

International Business Times

To Make Ends Meet, Argentines Sell Their Possessions

A street market in a Buenos Aires working-class neighborhood bustles with desperate Argentines who have taken to hawking their belongings to make ends meet as the economy sputters.

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Benzinga

Marsh McLennan And Bloomberg Unite To Guide Businesses Through Global Turbulence

Marsh McLennan Companies, Inc. (NYSE:MMC) has formed a strategic knowledge partnership with Bloomberg Media to power select marquee Bloomberg events, including the New Economy Forum, Qatar Economic Forum, and Bloomberg House at Davos.

Latin Times

Most Independents Believe The Trump Admin Is Mishandling Immigration And The Economy

Most independent Americans believe the Trump administration is mishandling immigration and the economy, according to a new poll

The Guardian - UK

Chancellor hoping shift in tone on Brexit will ring true for key groups of voters

Rachel Reeves’ criticism of Brexit impact on economy is aimed at leave voters who have changed their minds and younger voters, says analysts

The Guardian - AU

Australia’s surprise unemployment spike suggests an economy not overheating but in need of stimulus

Last week’s announcement that unemployment reached 4.5% in September came as a shock to the RBA, which must have been either embarrassed – or ecstatic

The Conversation

Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

When I imagine the future of space commerce, the first image that comes to mind is a farmer’s market on the International Space Station. This doesn’t exist yet, but space commerce is a growing industry. The Space Foundation, a nonprofit organization for education and advocacy of space, estimates that the…

Tom’s Hardware

Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout

The hack of British car manufacturer, Jaguar Land Rover, has cost the UK economy as much as $2.5 billion, affecting more than 5,000 organizations as the breach brought the company and its entire supply chain to their knees.

The Guardian - UK

Jaguar Land Rover hack has cost UK economy £1.9bn, experts say

Cybersecurity body says more than 5,000 organisations affected in most costly cyber-attack to hit Britain

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