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The Latest Breaking News from Economy

China's Economic Growth Slowed To 4.8% In Third Quarter: AFP Poll

China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States.

International Business Times

Canadians set aside contempt for tariffs and Trump rhetoric for the love of the Toronto Blue Jays

Many Canadians have been boycotting the U.S. since the Trump administration started threating Canada’s economy and sovereignty with tariffs and heated political rhetoric

The Independent UK

Kate Middleton Shock: How Did Prince William's Wife Boost The Economy By £1B?

How Princess Kate's influence on British fashion—dubbed the 'Kate Effect'—is claimed to have delivered a £1 billion boost to the UK economy, and whether the estimate holds water.

International Business Times UK

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FTSE 100 closes higher despite sluggish economic growth

The tepid progress for the economy recently could prompt the Office for Budget Responsibility to downgrade its economic assessment.

Evening Standard

Why the AI economy might not be 1990s redux

Inflation and the jobs market could remain a problem even if AI lives up to its promise.

Axios

75% of Americans report soaring prices as Trump claims inflation ‘over’

Exclusive poll: Inflation remains a concern despite president’s pledge to reduce prices on ‘day one’

The Guardian - US

Europe's defence wake-up call: why innovation can't wait

The continent faces a critical choice: continue relying on legacy defence contractors or rapidly embrace the technological revolution reshaping warfare.

Fortune

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The Economy on a Knife's Edge

GDP is growing, but employers have all but stopped hiring as they watch how the trade war plays out.

Kiplinger

Gen Z's misery is real: Most workers in this economy lack a voice and are stuck in low-quality jobs, a massive Gates-backed study finds

"We've seen, really, a rising tide of unhappiness, loneliness, isolation, anxiety, stress, and worry," Stephanie Marken of Gallup told Fortune.

Fortune

The End of 2%? An Investment Adviser's Case for Why the Fed Should Raise Its Inflation Target

Yes, inflation can be tough on those living on fixed incomes, but protecting us from it too strictly could do our overall economy more harm than good.

Kiplinger

IMF's Gita Gopinath Warns: Record Global Exposure To US Equities Could Make Next Crash Far Worse Than Dot-Com Bust

The International Monetary Fund’s First Deputy Manager, Gita Gopinath, is raising concerns regarding the growing global exposure to U.S. equities, making a market correction at this stage very detrimental to the global economy.

Benzinga

UK economy returns to growth in August

IN FULL

The Independent UK

Chancellor facing further Budget challenges after muted economic growth

The ONS said GDP rose by 0.1% in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Evening Standard

UK economy sees weaker-than-expected growth in August after July contraction

The ONS said GDP rose by 0.1% month-on-month in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Evening Standard

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Evening Standard

FTSE 100 Live 16 October: Premier Inn owner Whitbread falters on results, UK economy struggles

The UK economy remains in the slow lane after figures today showed August GDP advanced by just 0.1%.

Evening Standard

UK stuck in slow lane ahead of Budget with 'meagre' 0.1% GDP growth in August

Latest GDP figures just over come a month ahead of Autumn Budget

The Guardian - UK

UK economy expands as GDP rises by 0.1% in August ahead of crucial budget

Manufacturing and health sectors boost growth but ONS revises down figures for July

The Guardian - UK

IMF chief reveals worries about private credit market keep her awake at night – as it happened

International Monetary Fund managing director Kristalina Georgieva urges more attention to the non-bank financial institutions, as the world may have “a foot out in the cold”

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Benzinga

Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

The Independent UK

Ukraine-Russia war latest: Zelensky in US for Trump meeting after President announces new Putin summit

Ukrainian president will hold talks in the Oval Office after Trump said he would meet Putin in Hungary

Evening Standard

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.

International Business Times

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.

Benzinga

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?

International Business Times

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.

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