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The Latest Breaking News from Economy

Trump takes on the Fed – but he has little power over central bank, economists say

President has savaged Federal Reserve chair Jerome Powell for not lowering interest rates, but he can’t easily fire him

The Guardian - US

UK politics: Send children’s legal rights to extra support will be protected, says education secretary – as it happened

Bridget Phillipson says there will be better outcomes for all children than at present but fails to guarantee EHCPs will continue in their current form

The Guardian - UK

Ex-Treasury secretary pans Congress for passing Trump’s ‘shameful’ megabill he says will hurt economy

Summers notes that cuts to SNAP and Medicaid could kill thousands while saying GOP tax cuts will mostly benefit wealthy Americans

The Independent UK

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Consumer confidence rising as summer holiday season begins

Some 70% of people are planning to go on holiday, though 75% of those are finding ways to cut travel costs compared to their last trip, a poll found.

Evening Standard

Musk forms the America Party and Sam Altman backs ‘techno-capitalism’ as crumbling economic consensus gives way to rival visions

“A new economic order is forming—which means that it is not yet fixed and can still be shaped.”

Fortune

BRICS leaders meet in Rio to defend multilateralism 'under attack'

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.

Radio France Internationale

Grocery Foods That Disappear During Economic Downturns

When the economy takes a downturn, the effects ripple through every aisle of the grocery store. Suddenly, shelves that were once fully stocked start to look a little bare. Shoppers notice their favorite items missing, prices creeping up, and a sense of urgency in the air. Understanding which grocery foods…

The Free Financial Advisor

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Labor Market Woes, Gold's Rise, Trump's Fed Attack, Middle-Class Struggles And A Surprising Jobs Report: This Week In Economy

The past week has been a rollercoaster ride for the U.S. economy. From a rare warning sign in the labor market to a surprising jobs report, the week was filled with unexpected turns. The gold market saw a potential rise, while the Federal Reserve faced criticism from President Donald Trump.…

Benzinga

BRICS Nations Voice 'Serious Concerns' Over Trump Tariffs

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.

International Business Times

Ford CEO Jim Farley warns AI will wipe out half of white-collar jobs, but the ‘essential economy’ has a huge shortage of workers

“Hiring an entry worker at a tech company has fallen 50% since 2019. Is that really where we want all of our kids to go?”

Fortune

Afghans Both Hopeful, Disappointed After Russia's Taliban Recognition

Russia's decision to formally recognise the Taliban government has been seen as an opening for a stronger economy by some Afghans, while others were sceptical that it would improve their lot.

International Business Times

Fiat 500e Giorgio Armani: Suited, but a little subtle

CAR REVIEW: Two Italian behemoths come together to try to tailor an economy car with style, and achieve it for the most part, though the collaboration is a light touch, writes Sean O’Grady

The Independent UK

Trump signs One Big Beautiful Bill: What that means for your money

The bill will have ripple effects throughout the economy—and Americans’ bank accounts.

Fortune

How Donald Trump’s economic policies, including uncertainty around tariffs, are damaging the US economy

Donald Trump set a deadline of July 9 2025 for trade deals to be made before he hits some of the world’s biggest economies with his controversial tariffs. It’s impossible to predict what will happen on the day, but it is already clear that his economic policies are damaging American…

The Conversation

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Euronews

Major milestone for Polish energy as renewables generated more electricity than coal for first month

Although coal consumption has dropped, oil and gas use has risen and Poland remains the world's fourth highest emitting economy.

International Business Times UK

Trump's 'Rocket Ship' Budget Could Crash the US Economy, Economists Warn

The US Congress officially passed Donald Trump's 'rocket ship' bill. But, economists are worried about its impact on the economy.

Evening Standard

Will the Oasis tour boost the British economy?

The reunion tour will kick off at the Principality Stadium in Cardiff, Wales tonight

The Independent UK

Is it worth upgrading to premium economy on Emirates?

Emirates premium economy offers quilted leather seats, increased legroom and a comfortable recline – but it is significantly more expensive than economy

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The National (Scotland)

UK Government blamed for hindering Scottish businesses amid economy slowdown

THE UK Government has been blamed for hindering Scottish businesses growth after a new report showed that Scotland's economy slowed down ...

The Independent UK

Trump is responsible for the economy over Biden, survey shows

IN FULL

The Independent UK

Voters now say its Trump’s economy as they pin current economic conditions on him over Biden

The Trump administration has set a July 9 deadline for new tariff rates with numerous international trading partners

The Independent UK

Economic slowdown linked to global uncertainty amid Trump tariffs – think tank

The Fraser of Allander Institute now expects Scottish economic growth of 0.8% in 2025 and 1.0% in 2026 – a slight downgrade from its April forecasts.

International Business Times UK

US Economy Defies Forecasts With Strong Job Growth as Private Sector Weakens

The US economy added 147,000 job, which is higher than the predictions made by analysts. Unemployment rate is not down to 4.1%!

International Business Times

World Bank's IFC Ramps Up Investment Amid Global Uncertainty

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities.

International Business Times

UN Expert Says Firms 'Profiting' From 'Genocide' Of Palestinians

UN rights expert Francesca Albanese on Thursday denounced companies she said "profited from the Israeli economy of illegal occupation, apartheid, and now genocide", in a report that provoked a furious response from Israel.

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