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The Latest Breaking News from Economy

Argentina Strikes $20 Billion Deal With IMF To Fuel Milei's Reforms

The IMF says the deal builds on "impressive early progress in stabilizing the economy."

Reason

Dave Portnoy says he’d ‘absolutely’ vote for Dems in midterms if Trump continues to rattle economy

‘I’m not some crazy MAGA guy,’ Dave Portny declared on Wednesday

The Independent UK

Chancellor-elect Merz outlines new coalition's vision for Germany

Germany's next leader Friedrich Merz vowed Wednesday to "move the country forward again" by boosting the economy and spending on defence as he presented a deal to launch his coalition government by early next month.

Radio France Internationale

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County court delays harming Britain's economy, Justice Minister tells MPs

Sarah Sackman said she would give the county courts a ‘room for improvement’ report card

Evening Standard

Coalition nuclear plan will plough $58bn wrecking ball through renewable energy projects, analysis warns

Going nuclear will cost ‘real dollars for farmers, real dollars for country towns and real blue-collar jobs’, Clean Energy Council says

The Guardian - AU

Germany 'Back On Track' Says Merz, Unveiling New Coalition

Germany's next leader, the conservative Friedrich Merz, vowed Wednesday to "move the country forward again" by boosting the economy and defence as he presented a deal to launch his coalition government by early next month.

International Business Times

US stocks surge after Donald Trump announces 90-day pause on tariffs

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%.

Euronews

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US Treasury Chief Defends Tariffs, Warns Against Aligning With China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

International Business Times

Chalmers calls Coalition’s economic plan an ‘ambush’ as Taylor plugs spending cuts in treasurers’ debate

Opposition and Labor offer opposing pitches for economy in treasurers’ debate hosted by Sky News

The Guardian - AU

What we know about Universal’s first European theme park

Universal’s first European theme park to open in Bedford in £50bn boost for economy

The Independent UK

How windfalls from commodity price booms come back to bite exporters

When the wholesale prices of essential goods like food or oil suddenly rise, it can cause deep shifts in the economy that upend trade balances and hike inflation rates. This is known as a commodity price boom.

The Conversation

Scientific research is the lifeblood of our economy. Now, a wrecking ball has come.

DOGE cuts to NOAA Fisheries aren't making anything more efficient — they're stripping the ability of fishers to adapt their businesses to changing conditions. Similar impacts are being felt across different disciplines, and the U.S. science community must choose whether to look inward, hoping for better days, or to fight…

LiveScience

First images of what UK’s 476-acre Universal Studios theme park could look like

The first images of the UK's Universal Studios theme park have been released, showing the 476-acre site near Bedford that is expected to generate nearly £50 billion for the economy by 2055.

The Independent UK

China Seeks To 'Tariff-proof' Economy As Trade War With US Deepens

Beijing has vowed to "fight to the end" against Trump's aggressive trade policy, with number two leader Li Qiang saying authorities were "fully confident" in the resilience of the Chinese economy.

Latin Times

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The Independent UK

Northern Ireland’s position ‘complex’ amid incoming US tariffs

Stormont Economy Minister Caoimhe Archibald said she has urged the UK and Irish governments to keep the region in mind in negotiations.

Windows Central

Replit CEO Amjad Masad says AGI won't replace humans — Unless you're a "code monkey" with no ideas or understanding

Amjad Masad says AI will not replace humans unless you’re a "code monkey" who doesn't understand the economy or deliver unique ideas.

The Texas Tribune

West Texas, oil companies brace for downturn following Trump’s tariffs

Supply chain disruptions and policy decisions can significantly change these costs for oil companies — and consumers.

Barchart

S&P Futures Fluctuate as Trump’s Tariffs Take Effect, FOMC Minutes in Focus

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning, swinging between gains and losses as U.S. President Donald Trump’s sweeping tariffs came into effect.

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Barchart

S&P Futures Plunge as Trump’s Tariffs Take Effect, China Retaliates

June S&P 500 E-Mini futures (ESM25) are trending down -1.42% this morning as U.S. President Donald Trump’s sweeping tariffs came into effect and China hiked tariffs on U.S. goods.

The Independent UK

India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

Space

How Trump's tariffs could shake up the global space industry

Trump-era trade policies could reshape the global space economy, straining transatlantic ties and pushing Europe toward new partnerships and greater autonomy.

The Guardian - UK

S&P 500 sees one of biggest days since second world war after Trump levies pause – as it happened

Trump claims ‘China wants to make a deal’ after raising tariffs to 125%, while 90-day pause for most countries sparks market surge

International Business Times

China Pushes Back With 84% Tariff In Escalating Trade Clash with US

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.

Euronews

IMF reaches a deal with troubled Argentina on bailout worth €18bn

The bailout provides a welcome reprieve to President Javier Milei as he seeks to overturn the country's old economic order.

International Business Times

India Central Bank Cuts Interest Rates As Trump Tariffs Kick In

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

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