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The Latest Breaking News from Economy

China has identified how to fight back against Trump’s tariffs, and is not ready to back down

US ports are now starting to see scheduled shipments from China decline as the result of Donald Trump’s 145% tariffs on Chinese goods. The port of Los Angeles, the biggest port for Chinese goods in the US, is predicting scheduled shipments in early May to be about a third lower…

The Conversation

Tariff turmoil prompts cloudy forecasts from companies for the year ahead

Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a stark shift in U.S. policy

The Independent UK

Trump blames predecessor as US economy hit by tariff policies

President asks for ‘patience’ as businesses react negatively to Trump’s aggressive efforts to upend global trade.

Al Jazeera

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AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

The Independent UK

May Fed Meeting: Updates and Commentary

The May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty.

Kiplinger

Wall Street falls while FTSE 100 regains losses after US economy shrinks

The American economy contracted by 0.3% in the first three months of the year amid Donald Trump’s threats of sweeping trade tariffs.

Evening Standard

Hunger and hardship 'costing Scottish economy billions each year', report warns

HUNGER and hardship are costing the Scottish economy £5.6 billion each year, according to fresh research.

The National (Scotland)

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Informal workers in Ghana’s chop bars get no benefit from foreign aid: donors are getting it wrong

Informal street food caterers, popularly known as chop bars, are a key feature of Ghanaian city life. They offer the urban poor the cheapest food.

The Conversation

Mexico Avoids Recession Despite Tariff Uncertainty

Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday.

International Business Times

Trump defends trying to blame Biden for poor GDP data after repeatedly claiming credit for Democrat’s strong economic numbers

President claims economic downturn has ‘NOTHING TO DO WITH TARIFFS’

The Independent UK

Democrats Urged To Present Alternative To Trump's Economy As Approval Rates Slide

A focus group of voters who supported Trump in the last elections shows them increasingly frustrated with the state of the economy. Now Democrats are being urged to capitalize on the situation

International Business Times

Democrats Urged To Present Alternative To Trump's Economy As Approval Rates Slide: 'Time To Provide Real Solutions'

A focus group of voters who supported Trump in the last elections shows them increasingly frustrated with the state of the economy. Now Democrats are being urged to capitalize on the situation

Latin Times

U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank 0.3% from January through March, first drop in three years

The Independent UK

US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment, which in April dropped 32% to lowest level since 1990 recession

The Guardian - US

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Fortune

U.S. corporate earnings growth is on the road to zero

We already knew the U.S. economy would slow down—then came the regime uncertainty spawned by Trump’s policies.

Evening Standard

‘Crucial’ skills needs will not be met unless system changes, MSPs told

Industry leaders expressed concerns they are being ‘heard’ but ‘not being listened to’ by the Scottish Government.

Fortune

Viagra and Mounjaro panic-buying could explain Ireland's 200% export surge to U.S.

U.S. multinational activity propelled the Irish economy to 3.2% growth in the first quarter, as Trump fears come into focus.

International Business Times

German Growth Better Than Expected But Tariff Turmoil Looms

Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.

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news in one place.

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International Business Times

Eurozone Economy Grows More Than Expected Despite US Tariff Turmoil

The eurozone economy expanded more than expected at the start of the year, official data showed on Wednesday, despite US President Donald Trump's tariffs but global trade tensions threaten more pain and near stagnation in 2025.

Fortune

President Trump says voters signed up for his economic policies—but consumer confidence is at its lowest in five years

President Trump said Americans signed up for some economic discomfort arising from tariffs when they voted him into the Oval Office.

Euronews

Eurozone GDP beats expectations with 0.4% growth in first quarter

The eurozone economy grew 0.4% in Q1 2025, doubling the previous quarter's pace and beating forecasts. Ireland led growth, followed by Spain, while Germany rebounded.

The Guardian - US

After 100 days, Trump has destroyed Trumpism

The president’s approach: tackle problems that don’t exist via policies that won’t work

Fortune

What uncertainty? Grab upgrades forecast and claims tougher economy might help its ride-hailing business

COO Alex Hungate noted that Grab has an "almost counter-cyclical approach", as people consider gig work as a hedge against job losses.

The Independent UK

Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook

Europe’s economy has grown more strongly in the first three months of the year only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war

The Guardian - UK

Trump claims shrinking US economy ‘nothing to do with tariffs’ as GDP drop raises risk of recession – as it happened

US on brink of ‘Trumpcession’ after jump in imports weighs down GDP… US president blames predecessor

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