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The Latest Breaking News from Economy

US consumer confidence plunges to four-year low in latest blow to economy

Americans are expecting inflation and a recession

The Independent UK

Asian Stocks Rise On Trade Optimism, But US Policy Uncertainty Lingers

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared helped lift Asian markets Wednesday, though uncertainty about the president's policies and the US economy tempered optimism.

International Business Times

Smoke-free nation will ‘boost jobs and the economy’ – report

The report was published as MPs prepare to vote on the Tobacco and Vapes Bill.

The Independent UK

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Reeves admits ‘further and faster’ action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

The Independent UK

What to expect from Rachel Reeves’ spring statement

Chancellor Rachel Reeves will give an update on her plans for the UK economy in her spring statement on Wednesday, 26 March.

The Independent UK

Tesla bull Cathie Wood says it isn’t just Elon Musk’s politics that are causing Tesla’s ‘demand hit.’ It’s also a bad economy

Earlier this week, Wood issued a major bull call on Tesla, expecting its stock to rise roughly 10 times over the next five years.

Fortune

Uganda’s lions in decline, hyenas thriving - new findings from country’s biggest ever carnivore count

For nearly 15 years almost no information was available on the population status of Uganda’s large carnivores, including those in its largest national park, Murchison Falls. These species represent a critical part of Uganda’s growing tourism economy. The country is home to the famed tree-climbing lions, which are much sought…

The Conversation

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Polarisation: poor countries disagree over the economy, richer countries on social issues – new findings

It is hard nowadays to find topics on which people agree. Ironically, though, all agree on one point: that disagreement has reached peak levels. People are united in recognising that society has become polarised.

The Conversation

Britons cutting back on everyday spending due to gloomy outlook on ‘worsening’ UK economy

The Consumer Pulse survey from KPMG found three in five people think the UK economy is worsening

The Independent UK

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Evening Standard

Stocks Set for Muted Open as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM25) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.19% this morning, pointing to a slightly lower open on Wall Street after yesterday’s rally, while investors await a raft of U.S. economic data as well as remarks from Federal Reserve officials.

Barchart

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM25) are down -0.18%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.29% this morning, pointing to a slightly lower open on Wall Street after yesterday’s rally, while investors await a raft of U.S. economic data as well as remarks from Federal Reserve officials.

Barchart

Jim Chalmers’ 2025 budget speech abridged and annotated – the economy is OK and we’re heading into an election

What the treasurer said – and what we can read between the lines of the budget night speech

The Guardian - AU

Australia budget 2025: the seven graphs you need to see

These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

The Guardian - AU

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The Guardian - AU

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

The Conversation

Albanese government bids for votes with ‘top-up’ tax cuts for all

Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

AAP

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

The Conversation

A ‘modest’ tax bribe, delivered against dark clouds of Trump-induced uncertainty

The Albanese government’s fourth budget is a pitch for the votes of a sour and alienated electorate, framed against a background of extraordinary international uncertainty.

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news in one place.

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The Guardian - UK

Britons cutting back on spending as confidence in economy falls, survey shows

Most feel financially secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statement

Al Jazeera

China’s missed emissions target poses challenge to global climate efforts

China’s carbon intensity fell less than planned for in 2024 even as Beijing made strides in renewable energy.

International Business Times

Technology Is Fast Becoming the New Currency for Those Trading in Secrets

The world of tech has, by far, become the greatest contributor to the global economy we have today, with the tech industry accounting for approximately 35% of the world economy and surpassing a whopping valuation of almost 40 trillion USD.

Barchart

Dollar Climbs With T-note Yields

The dollar index (DXY00 ) Monday rose by +0.19% and posted a 2-week high. The dollar moved higher on Monday on signs of strength in the economy after the Mar S&P Global Services PMI index and Feb Chicago Fed national activity index rose more than expected. Also, higher T-note yields...

The Conversation

The peculiar Turkish corruption issue behind Istanbul mayor’s arrest – and how it became a tool of political oppression

Turkey is in turmoil after Istanbul’s mayor, Ekrem İmamoğlu, a leading opposition figure and potential challenger to Turkey’s president, Recep Tayyip Erdoğan, was arrested on March 19 on charges of corruption.

International Business Times

UK Targets Spending Cuts To Mend Public Finances

Britain's Labour government will deliver a highly anticipated fiscal update on Wednesday, with finance minister Rachel Reeves expected to detail billions of pounds of spending cuts to address the country's struggling economy.

MarketBeat

Powell Warns of More Inflation—Here’s Where Smart Money Is Moving

There's a rotation happening right now in these three ETFs, caused by the latest commentary from the FOMC meeting suggesting more inflation ahead.

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