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The Latest Breaking News from Economy

Small business owners aren’t jumping for joy about the US economy – but they still aren’t jumping ship

Small businesses are doing OK right now, even if there is a bit of concern about tariffs, inflation, labor shortages and higher costs

The Guardian - US

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

Fortune

South Korea Counts On Shipbuilding To Ease US Tariff Woes

Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip.

International Business Times

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Scotland's 'bucking international trends' on investment. Is that a good thing?

BILLIONS of pounds are set to flow out of Scotland due to foreign investment figures celebrated by the Scottish Government ...

The National (Scotland)

Bad ‘vibes’ may be having a bigger impact on the economy now

While consumer sentiment recovered a bit after Trump postponed his highest tariff rates, it’s still 20% below December 2024 levels.

Fortune

Sexual harassment and violence training for bar staff

Making venues safer for women to work and play in are part of attempts to revive a major city's ailing night-time economy, with new training on the way.

AAP

British Airways trials removing individual water bottles from flights

Cups of water will be served by cabin crew to economy passengers

The Independent UK

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Russian Government, Central Bank Spar Over Economic Downturn

Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive.

International Business Times

Pressure grows on Reeves to raise taxes as borrowing hits £17.7bn in May

The borrowing was the highest on record for May outside the pandemic

Evening Standard

Forget the Fed: Home Depot Is the Real Gauge of the U.S. Consumer

Home Depot's sales offer a clear, real-time indicator of U.S. consumer health, reflecting spending trends from homeowners and professional contractors.

MarketBeat

Restaurants, hotels and farms beg Trump to exempt their businesses from immigration raids after screeching policy U-turn

Confusion as tension between deportation targets and economic necessity bolsters fear and uncertainty

The Independent UK

Used Volvo V90 PHEV Ownership Update: Costs, Efficiency And Annoyances

I’ve put a little over 3,000 miles in two months on my used fast wagon. Did it make sense to go with a plug-in hybrid?

InsideEVs

Uncertain Harvest: Agriculture’s Season of Gloom

While Trump considers expelling undocumented farm workers, California’s economy hangs in the balance.

Capital & Main

Voices: Don’t panic, chancellor – there’s still hope for interest rate cuts

COMMENT: Forget homeowners with tracker mortgages or those desperate for a better deal – the person who’s hurting the most from the Bank of England’s decision not to lower interest rates is Rachel Reeves, says James Moore

The Independent UK

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The Independent UK

Russia’s economy minister warns that the country is on the brink of recession

Russia’s economy has been hit with a slew of sanctions after the Kremlin sent troops into Ukraine

Fortune

Trump's decision on whether to bomb Iran could have knock-on effects for his fight against the Fed

if Trump decides to bomb Iran and the conflict produces a prolonged disruption to the supply of oil, that might strengthen the dollar while damaging the global economy.

AAP

New Zealand enjoys GDP bump of 0.8 per cent in Q1

New Zealand has posted its best quarterly GDP growth figures in almost two years, though the economy is still 1.1 per cent smaller than it was a year ago.

International Business Times UK

More Women Than Men Blame Trump for US Economic Decline, Poll Finds

A new poll revealed that more women than men are blaming Donald Trump for the declining US economy. Will this affect him in the 2028 election (if he runs again)?

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The Conversation

World Refugee Day: Prolonged refugee separation is harming families — and Canada’s economy

As World Refugee Day approaches on June 20, advocates and health experts are calling on the Canadian government to urgently address prolonged family separation for refugees. With wait times for family reunification now averaging more than four years, critics say the delays are causing irreparable harm to refugee families and…

Fortune

The Fed holds interest rates steady and forecasts two rate cuts for 2025

Faced with a blurry forecast for the U.S. economy, the Federal Reserve continued its pattern of keeping interest rates at their current levels.

The Guardian - UK

Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong

The oil shocks of the 1970s-90s had brutal economic impacts. As Israel attacks Iran, a moderate rise in oil prices rests on questionable assumptions, says Guardian columnist Larry Elliott

Euronews

Middle East conflict adding to uncertainty amid trade tensions, IMF chief says

Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.

Motorsport

What Renault boss Luca de Meo's exit means for Alpine F1 team

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the Covid-19 pandemic. On his way to turning that around to a €4.26billion operating…

The Conversation

Nigeria’s economy is growing but rural poverty is rising: 5 key policies to address the divide

The Nigerian economy grew at a robust rate of 3.4% in 2024, the highest it has been since 2019 (except 2021 when the COVID rebound occurred).

The Conversation

Is Mark Carney turning his back on climate action?

The G7 summit in Alberta, hosted by Prime Minister Mark Carney, has ended with only passing mention of fighting climate change, including a statement on wildfires that is silent on the pressing need to reduce greenhouse gas emissions.

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