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The Latest Breaking News from Economy

Giorgia Meloni faces awkward weekend at funeral of pope whose values she opposed

Italian PM and pontiff could not have been further apart on issues such as migration, climate crisis and economy

The Guardian - UK

Trump Tariff Promises Get A Reality Check

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.

International Business Times

US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

The Guardian - US

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As the Economy Tumbles, so Does Trump's Approval Rate

There isn't much public enthusiasm for the president's chaotic style.

Reason

Trade links across the Atlantic will survive the tariff storms

But a more innovative, business-friendly attitude would not go amiss in the UK

Evening Standard

Warren Buffett 'Doesn't Mind Paying Taxes' But Says 'Everybody I Know’ Is Worried About ‘Not Paying Taxes'

At the 2024 Berkshire Hathaway shareholders meeting, Warren Buffett reaffirmed his long-term, principled approach to investing by emphasizing that taxes are not a burden to avoid but a necessary contribution to a functioning economy.

Barchart

Russia Holds Key Rate At Two-decade High Despite Slowdown Fears

Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown.

International Business Times

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3 Stocks Presenting Generational Buying Opportunities

Investors can hold onto Chevron, UPS, and The Campbell’s Company to collect solid dividends today and strong growth in a recovering economy

MarketBeat

China pledges support for economy, dismisses US claims on tariff talks

Beijing dismisses President Donald Trump’s claims of being engaged in tariff negotiations.

Al Jazeera

China's Top Leaders Pledge Economic Support As Trade War Rages

China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump.

International Business Times

California overtakes Japan as the world’s fourth largest economy

Governor Gavin Newsom relished in his state’s economic prowess but lambasted President Trump’s ‘reckless tariff policies’

The Independent UK

Xi announces plan for Chinese economy to counter impact of US trade war

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products

The Guardian - UK

AI policies in Africa: lessons from Ghana and Rwanda

Artificial intelligence (AI) is increasing productivity and pushing the boundaries of what’s possible. It powers self-driving cars, social media feeds, fraud detection and medical diagnoses. Touted as a game changer, it is projected to add nearly US$15.7 trillion to the global economy by the end of the decade.

The Conversation

Consumer confidence slides amid household bill hikes and ‘Trump Tariffs’

GfK’s long-running Consumer Confidence Index fell four points in April to minus 23, led by an eight-point fall in expectations for the wider economy.

Evening Standard

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news in one place.

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The Guardian - US

California’s economy surpasses Japan’s as it becomes fourth largest in world

State’s nominal GDP reaches $4.1tn, edging out Japan’s $4.02tn, ranking it behind the US, China and Germany

International Business Times

EU Still Far From Tariff Deal With US: French Minister

The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, as the bloc seeks a way out from trade tensions with Washington.

Reason

Tariffs Helped Wreck the Economy in the 1930s. Why Is Trump Making the Same Mistake?

Far from delivering industrial renewal, Trump's tariffs have already led to layoffs at manufacturing plants.

The Guardian - UK

UK economy faces growth shock from Trump tariffs, says Bank governor

Andrew Bailey says UK not close to recession but he would be ‘encouraged’ if trade deal with US were agreed

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news in one place.

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Euronews

UK lifts sanctions on Syria, says country deserves chance to rebuild economy

The new authorities in Damascus have made a push for harsh sanctions imposed by western countries on Assad's government to be lifted, with limited success.

The Independent UK

UK lifts more sanctions in Syria to support efforts to rebuild country

The Foreign Office announced restrictions on sectors of the Syrian economy would be eased to facilitate investment in the country.

Motor1

The 2025 BMW X3 M50 Is All About the Engine: Review

Can an engine make a car? Yes, and the BMW X3 M50 is proof. The latest version of the X3 may not be a perfect car, but when you roll into the throttle, your complaints seem insignificant.

The Guardian - UK

IMF chief urges US to strike trade deals swiftly to limit damage to global economy

Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’

TechRadar

Sustainability Week: Infrastructures makes circularity a reality – not devices

Circular technology needs an ecosystem to work — from seamless trade-ins to refurbishment and resale channels.

International Business Times

Germany Expects Zero GDP Growth This Year, Blames Trump Tariffs

Germany's economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's trade policy.

International Business Times

P&G Cuts Outlook As Consumers Pull Back Amid Tariffs

Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture.

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