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The Latest Breaking News from Economy

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

Fortune

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

The Independent UK

EU steps up crackdown on cheap Chinese parcels flooding European market

EU economy ministers agree to tax small parcels coming from China putting Shein and Temu in the hot seat.

Euronews

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Dollar Retreats as the US Government Reopens

The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.29%. The dollar is falling today on speculation that the reopening of the US government will allow the release of delayed economic reports that may show a weakening US economy, prompting the Fed to keep...

Barchart

Ukraine: energy corruption scandal threatens to derail Zelensky’s government and undermine its war effort

The latest corruption scandal that has engulfed Ukraine could not have come at a worse time or in a more delicate sector of the economy for the increasingly embattled government of Volodymyr Zelensky.

The Conversation

Reeves’s actions would suggest she’s trying to slow economy down, says former NatWest chief

Labour chancellor under fire ahead of crunch Budget as new figures show GDP growth has slowed

The Independent UK

Why the UK should look beyond growth to a ‘new economics’ that works for all

The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too…

The Conversation

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Reeves Budget tax rise warnings and No10 'coup' chaos slammed for slowing Britain's economy

Former NatWest boss Sir Howard Davies accused the Government of making it harder for businesses with its ‘behaviour’ and policies

Evening Standard

Bleak data out of Britain: Is the UK once again the sick man of Europe?

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

Euronews

Toyota Prius review: Radical reinvention of a hybrid icon

The latest Toyota Prius has exciting styling that helps push its overall efficiency to new highs, although this does come with a few compromises in terms of interior practicality

The Independent UK

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further

The Guardian - UK

FTSE 100 Live 13 November: Index lower as Aviva, Rolls and Burberry report, GDP disappoints

Rachel Reeves was handed an unwelcome pre-Budget surprise today when official figures showed the economy ground almost to a halt over the three months to September.

Evening Standard

New blow for Reeves as economy stalls close to zero in run up to Budget

GDP inches ahead by just 0.1% in the third quarter in a grim set of figures that one City analyst said revived the spectre of recession

Evening Standard

UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack

Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%

The Guardian - UK

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The Independent UK

Labour leadership live: Starmer denies No 10 aides to blame for attack on Streeting

Concerns around Labour Party leadership deepens ahead of Rachel Reeves’s upcoming Budget

The Guardian - UK

UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened

New economic data shows fall in UK exports to the US, as Britain’s economy shrinks slightly in September

Pedestrian.tv

Aussie Wedding Stylist Puts Bride On Blast For Collaboration Request In Viral TikTok

An Australian wedding stylist has put a bride-to-be on blast after they asked for services in exchange for "exposure".

The Conversation

The shutdown has ended – but this economist isn’t rejoicing quite yet

After 43 days, the U.S. government shutdown finally came to an end late on Nov. 12, 2025, when Congress voted through a long-overdue funding bill, which President Donald Trump promptly signed.

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Benzinga

Scott Bessent Says Democrats Wanted To Stop Trump Agenda At Any Cost: 'The Shutdown Was Never About Healthcare'

Treasury Secretary Scott Bessent on Wednesday accused Democrats of engineering the record U.S. government shutdown to damage President Donald Trump politically, arguing the fight was "never about healthcare" and predicting the economy will roar back once Washington reopens for business.

Fortune

'The tariffs are a big tax increase': Top bank crunches the numbers on how much Americans are paying for Trump's trade regime

"A decent chunk of the economy is in recession," according to UBS economists.

Benzinga

Fed 'Flying Blind' As Shutdown Erases October Jobs, Inflation Reports

The longest government shutdown in U.S. history is set to end within hours—but it's already left a lasting scar on the economy's data map since two of the most vital inputs for the Federal Reserve won't be released.

Euronews

EU and Indian navies take over ship used by Somali pirates to seize Malta-flagged tanker

Somali piracy in the region cost the world’s economy €6 billion in 2011, with €138 million paid out in ransoms, according to the Oceans Beyond Piracy monitoring group.

Benzinga

4 Stocks To Consider Buying As Luxury Spending Keeps Rising

By now, you've likely heard the theory of the K-shaped economy in the United States. Unlike a V-shaped economy, where all boats are lifted, a K-shaped economy has one group prospering while another sinks.

Evening Standard

Economic growth predicted to have slowed in third quarter

Experts have predicted that the Office for National Statistics will report 0.2% growth over the three months to September.

Benzinga

Robert Kiyosaki Says He's Never Been Fired Because He's 'An Entrepreneur, Not An Employee'

“Rich Dad Poor Dad” author Robert Kiyosaki is doubling down on his message that being an entrepreneur is the safest path in today's unstable economy.

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