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The Latest Breaking News from Economy

UK economy sees modest growth in the final months of 2024 – ONS

The Office for National Statistics said gross domestic product edged 0.1% higher between October and December.

The Independent UK

Sonic the Hedgehog boost for Reeves as UK economy unexpectedly returns to growth

Release of blockbuster much as Mafusa: The Lion King, Sonic the Hedgehog 3, and A Complete Unknown help boost growth in December .

Evening Standard

FTSE 100 Live 13 February: Unilever, Barclays and BAT shares slump after results, GDP shows surprise growth

Surprise GDP growth was today offset by another setback for the status of London’s stock market.

Evening Standard

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UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline

The Guardian - UK

UK returns to growth but living standards fall; oil price weakens on Ukraine peace talk hopes – as it happened

Britain’s services and construction sectors grew in October-December, but production contracted again… and GDP per person shrank

The Guardian - UK

Caught in the middle: UK firms brace for fallout from Trump’s global trade war

While UK may not be in direct line of fire, knock-on effects on global trade has British businesses worried

The Guardian - UK

How Employment Law Protects Workers and Defines Their Rights in Australia

Australia is known for its skilled and well educated workforce excelling in various industries. With a strong and open economy the country welcomes businesses from around the world. A well-structured legal and regulatory system further supports business growth.

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Labour’s growth slogans must be backed by action, warns CBI

Official figures on Thursday are expected to show the economy contracted in the final quarter of 2024.

The Independent UK

Dog breeders, pet sellers and waste firms face tax crackdown to stay in business

HMRC to force hundreds of thousands of workers to register in clampdown on evasion

The Independent UK

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

Evening Standard

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

Ghana’s urban strategies neglect the needs of street vendors: policy must catch up with reality

Street vending is a major economic activity in most of Ghana’s urban areas. The vendors bring everyday goods to residents and commuters at affordable prices in places convenient to them. However, the growing intensity of street vending activities in Ghanaian cities such as Accra and Kumasi is creating management problems…

The Conversation

Japan Requests Exemption From U.S. Steel And Aluminum Tariffs

Japan seeks exemption from new U.S. steel and aluminum tariffs, transitioning from previous duty-free quotas. Impact on Japanese economy under scrutiny.

Top News

Elon Musk and Bill Ackman are pulling out of Delaware. Now the state is scrambling to protect its $2 billion legal economy

Big names like Tesla and Dropbox have already left, and Meta is looking to do the same.

Fortune

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The Independent UK

Labour rebels push for four-day week in employment rights drive

More than a dozen Labour MPs, and one Green MP, have challenged Angela Rayner to commit to exploring a transition ‘across the economy’ from five working days to four – with no reduction in pay

The Guardian - UK

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

International Business Times

India's Hindu Mega-festival Supercharges Economy

The unfathomable scale of the world's largest religious festival in India overshadows many nations in size -- and for the economy, its impact is just as dramatic.

The Independent UK

Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Think tank says GDP growth is likely to be 0.2 percentage points lower in the first year of tariffs if implemented by the US president

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The Independent UK

Kinship carers to march to Treasury in call for financial support

Wednesday’s march comes as a report says that kinship carers in England are contributing more than £4.3 billion a year to the economy.

The Independent UK

Think tank explains how much the UK economy could be impacted by Trump tariffs

Niesr said it was projecting the UK economy would grow by 1.5 per cent this year - double the Bank of England’s forecast

Evening Standard

Trump tariffs could knock economic growth despite Budget boost, says think tank

Niesr said it was projecting the UK economy would grow by 1.5% this year, lifting its previous forecast of 1.2%.

Latin Times

Mexico's Secretary Of Economy Says Tariffs Imposed By Trump On Steel And Aluminum Are 'Unfair'

Mexican officials hope to reach a compromise with the Trump administration before tariffs are enforced on March 12

International Business Times

US Fed Chair Says In No Rush To Tweak Interest Rate Policy

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

Space

There was nearly 1 rocket launch attempt every 34 hours in 2024 — this year will be even busier

2024 set spaceflight records for the fourth consecutive year with 259 launches worldwide and one launch attempt roughly every 34 hours, according to a recent analysis of the global space economy.

Barchart

Dollar Slides on Concern US Tariffs Could Weigh on the Economy

The dollar index (DXY00 ) today is down by -0.15%. The dollar today is slightly lower on concern that President Trump’s 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar are limited by higher...

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