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The Latest Breaking News from Economy

Tariffs spell death knell for businesses on the brink

Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.

AAP

How phishing attacks are hitting the supply chain – and how to fight back

The global supply chain is the backbone of the world’s economy. From suppliers and manufacturers to transporters, retailers, and consumers, every step is interconnected. Yet, as powerful and efficient as it usually is, this vast network is highly vulnerable to disruption.

TechRadar

Is Trump driving the US into a recession? – in charts

Warning lights are flashing on a dashboard of economic indicators as analysts grow alarmed about a ‘Trumpcession’

The Guardian - UK

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Markets Track Wall St Gains As Tech Inspires Hong Kong

London, Paris and Frankfurt rose at the open. The rally came after a second successive day of gains on Wall Street, which has been hammered this month by a sell-off sparked by Trump's tariffs campaign that many fear could ramp up US inflation and hammer the economy.

Latin Times

The Fed is expected to hold rates steady, as investors white-knuckle it through a brutal selloff and recession fears. 'Policymakers aren't providing any encouragement'

The Federal Reserve is expected to maintain interest rates at their current level.

Fortune

The DAX and euro rise ahead of Germany’s parliamentary vote on a major spending bill

Germany is expected to pass a major spending bill on defence and infrastructure, allowing the country to unleash hundreds of billions of euros into the economy. Both the euro and Germany’s stock markets may maintain their uptrends amid optimism about the fiscal reform.

Euronews

Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

The Conversation

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Stock market today: Asian shares mostly rise, cheered by another Wall Street rally

Asian shares have advanced as investor sentiment was buoyed by another rally on Wall Street

The Independent UK

The economy was always Trump’s strength. Polls show it might be cracking

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

The Independent UK

Australia again makes its case for US tariffs exemption

The government has made another pitch to US officials to gain an exemption from American tariffs on Australian steel and aluminium imports worth $1 billion.

AAP

Why Americans care so much about egg prices – and how this issue got so political

The price of eggs has risen dramatically in recent years across the US. A dozen eggs cost US$1.20 (92p) in June 2019, but the price is now around US$4.90 (with a peak of US$8.17 in early March).

The Conversation

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

AAP

Tariffs won’t make America great again: Export-Import Bank's former chairman

The American economy runs on trade. With his tariffs and trade wars, Trump risks stopping the engine of U.S. prosperity.

Fortune

To cut or not to cut? US Fed faces stubborn inflation and weak growth

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

Euronews

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Fortune

Rick Lazio: A prescription for economic steroids before the midterms

Trump will need to substantively boost the economy if he and Republicans want to maintain power.

The Independent UK

How much does the UK spend on welfare?

Spending in 2023/24 was equivalent to 10.9% of gross domestic product, or the total value of the economy.

Euronews

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

The Conversation

Rescuing Nigeria: how to break the cycle of decline and bring progress

Nigeria has abundant human and natural resources but remains mired in underdevelopment. There are high levels of poverty, corruption, unemployment and inequality. The country is currently witnessing a rise in ethnic militias and terrorism, adding to the threats posed by armed herdsmen’s deadly clashes with rural communities over land.

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The Independent UK

US shoppers increased spending tepidly last month as anxiety over the economy rises

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount

International Business Times

OECD Lowers Global Growth Projections Over Tariffs, Uncertainty

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025.

The Guardian - UK

China plans to ‘vigorously boost consumption’ to shore up economy

Communist party aims to ‘promote reasonable wage growth’ and to reduce financial burdens amid Trump tariffs

The Guardian - US

Americans increasingly worried about tariffs despite Trump’s assurances, new poll shows

Exclusive: 90% of Democrats, 57% of Republicans are worried about tariffs, with similar concerns about recession

The Independent UK

Fresh blow to Reeves as UK’s economic forecast slashed amid warnings over Trump’s trade war

The UK’s economic forecast has been downgraded, once again dashing the government’s hopes of reviving Britain’s spluttering economy

The Guardian - UK

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

The Independent UK

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday

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