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The Latest Breaking News from Economy

Store closures lead to massive 274% spike in retail layoffs in first half of 2025

Macy’s, Joann and CVS are among the major retailers announcing widespread store closures and job losses as the U.S. economy struggles

The Independent UK

The Trump-Musk feud exposes America’s wealth-hoarding crisis

The Tesla boss wields power no one person should have. But there’s a way to fix the problem

The Guardian - US

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

Euronews

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Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday

The Independent UK

2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

The Guardian - UK

Rachel Reeves must not ignore London's vital role as engine of the British economy

Investing in London isn’t about favouring one region over another, it’s about backing the entire country to succeed

Evening Standard

Qatar Airways promo codes for August 2025 – save 10% on flights

Save on flight bookings and holidays with these Qatar Airways discount codes

The Independent UK

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Economic summit aims to firm up drooping productivity

Anthony Albanese is confident businesses and unions can find common ground in the quest to improve Australia's ailing productivity.

AAP

12 Surprising Facts About Poverty in America

When we think about poverty in America, a specific image might come to mind, but the reality is often far more complex and widespread than we assume. The data reveals a story that challenges stereotypes and highlights systemic issues affecting millions of our neighbors. Understanding the true nature of economic…

Clever Dude

Congress May Soon Hit Tesla Where It Hurts The Most

Congress' new fuel-economy rules could cripple a longstanding Tesla revenue source. Plus: BYD is squeezing out its competition, and China's not happy.

InsideEVs

Albanese says the government’s focus on delivering commitments is essential to reinforce faith in democracy

Prime Minister Anthony Albanese says his second term government is “focused on delivery” of its commitments, declaring this is important not only for the economy but also for Australians’ faith in our democracy.

The Conversation

Prince William warns oceans are ‘diminishing before our eyes’ in Monaco speech

Prince William, speaking at Monaco's Blue Economy and Finance Forum on Sunday (8 June), has warned world leaders about the oceans' "alarming state."

The Independent UK

Asian shares rally ahead of US-China trade talks

Asian stock markets have advanced ahead of the second round of trade talks between Washington and Beijing, following a solid report on the U.S. job market

The Independent UK

Vanishing immigration is the ‘real story’ for the economy and a bigger supply shock than tariffs, analyst says

A workforce that is growing more slowly doesn’t need as much hiring to absorb the additional labor supply.

Fortune

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Euronews

Rift over oceans: Macron rebukes climate change deniers ahead of Nice summit

At the Blue Economy Forum's final day in Monaco, leaders urged global action to protect oceans. The Prince of Wales called for 'urgency and optimism', while French President Macron slammed climate deniers, promising 'strong decisions' with other governments soon.

The Conversation

Is strengthening the Canadian economic union another way for Ottawa to centralize power?

Mark Carney’s election was reassuring for many Canadians amid sovereignty threats from United States President Donald Trump. But the new prime minister’s plan to create a highly integrated Canadian economy is sparking concern in economic and political circles.

Evening Standard

‘Think big’ to save the ocean, William tells world leaders

The Prince of Wales was speaking at the Blue Economy and Finance Forum on ocean preservation in Monaco.

The Guardian - UK

Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn

Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economy

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news in one place.

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MarketBeat

MarketBeat Week in Review – 06/02 - 06/06

Stocks got a boost from a better-than-expected Jobs report that shows the economy is still growing; next week will bring the latest read on inflation

Reason

How Tariffs Are Breaking the Manufacturing Industries Trump Says He Wants To Protect

Most imports to the U.S. are raw materials, intermediate parts, or equipment—the stuff that manufacturing firms need to make things.

Salon

Wake me up when we're not in a recession

Most of us concluded long ago that wages are too low, bills are too high and good jobs are too hard to find

The Independent UK

Lebanon aims to bring tourists back to its beaches as travel bans finally lift

The World Bank says poverty nearly tripled in Lebanon over the past decade

Al Jazeera

‘Open prison’: The forced labour driving India’s $5 trillion economy dream

India has more than 300 million unorganised sector workers. Many suffer from withheld wages, endless toil and coercion.

Caixin Global

Weekend Long Read: Remembering Luminary Economist Stanley Fischer

The MIT professor helped shape the foundations of New Keynesian economics and influenced generations of economists and policymakers

The Independent UK

Transportation chief seeks to weaken fuel economy standards, calls Biden-era rule 'illegal'

Transportation Secretary Sean Duffy says Biden-era fuel economy standards for gas-guzzling cars and trucks were illegal and moved to reverse the rules

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