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The Latest Breaking News from Economy

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

The Independent UK

Vance Says White House Has 'A Lot Of Work To Do' After Trump's On Americans' Finances

Vice President JD Vance said the Trump administration has "a lot of work to do" on the economy after President Donald Trump faced backlash for saying Americans' financial struggles were not motivating his push for a deal with Iran.

International Business Times

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters...

Barchart

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Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

The Independent UK

China's credit growth slips below estimates

April marked a significant slowdown in China's credit growth, tumbling below projections. Banks curtailed the issuance of new loans, while households took decisive steps, repaying outstanding debts at unprecedented levels. This decline in borrowing signals a growing unease about future investments in the Chinese economy.

The Economic Times

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Reason

Nvidia Stock Is the King of the AI Castle. History Tells Us It Will Fall Hard and Its Replacement Will Emerge From Thin Air.

Tech giants are pouring trillions into AI infrastructure, but is it actually growing the global economic pie?

Barchart

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Stephen Colbert on Trump tanking the US economy: ‘Experts call it the poop chute’

Late-night hosts discussed Trump’s trip to China with Elon Musk, Maga lies over the Iran war and manosphere trends

The Guardian - US

UK economy was on the right track – Trump’s Iran war has wrecked that

Domestic and overseas matters have combined to create a tough outlook for British businesses and consumers

The Independent UK

U.S. Intelligence Concludes China Is Exploiting Iran War To Gain Edge Over Washington In a Range Of Fields: Report

A U.S. intelligence analysis concluded that China taking advantage of the war in Iran to gain an edge over the U.S. in a range of areas, including the military, the economy and the diplomatic field.

International Business Times

Africa forward summit: Africa’s space race takes off {Business Africa}

At the Africa Forward Summit, SkyConnect is showing how Africa can turn idle ground stations into a shared network that cuts satellite data costs and delivers critical information faster and Mauritius’ “Brain Gain” Strategy: How a Tourism Island Is Turning African Brain Drain into a Talent Magnet.

Euronews

How much is a bat worth? Protecting these tiny insect-eaters isn’t just good for farms – their deaths cost taxpayers and the wider economy

Most Americans tend to think about bats only around Halloween, but the U.S. economy benefits from these furry flying mammals every day.

The Conversation

Why a growing number of Trump supporters are experiencing voter’s remorse

In recent months, some prominent conservatives and erstwhile allies of President Donald Trump – former U.S. Rep. Marjorie Taylor Greene and journalist Megyn Kelly, for example – have voiced their displeasure with him on several issues. They range from Trump’s handling of the Iran war and the economy to the…

The Conversation

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

Latin Times

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The Economic Times

Quote of the day by Lou Simpson: "Attempting to guess short-term swings in individual stocks, the stock market or the economy is not likely to produce consistently good results. Short-term developments are too unpredictable."

Legendary investor Lou Simpson emphasised that predicting short-term market swings is unlikely to yield consistent results due to inherent unpredictability. Focusing on long-term business fundamentals and patience allows for compounding wealth, rather than succumbing to emotional reactions driven by daily market noise. Successful investing involves managing uncertainty through discipline and…

The Independent UK

Reeves warns ‘now is not the time’ for change as rumours swirl about Labour leadership contest

Chancellor’s comments come at a fraught time for Sir Keir Starmer

The Independent UK

UK household wealth tumbles, as taxes, food bills and rent costs bite

Latest economic growth figures could be the high point as consumers pull back spending

International Business Times UK

Robert Kiyosaki Warns Governments Will Print More 'Fake Money' — Recommends Bitcoin, Gold, and Silver

Robert Kiyosaki warns about inflation and national debt threatening the US economy, criticizes the Federal Reserve, and recommends investing in gold, silver, and cryptocurrencies for protection.

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The Guardian - UK

Leadership rules should ‘not be tweaked’ to let Burnham run for PM, Labour NEC member says

Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’

The Economic Times

India rupee slips to record low near 96 per USD as energy risks deepen

The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.

Evening Standard

Reeves warns against risks to economic stability after surprise March growth

The Chancellor’s comments came amid a possible leadership challenge against Prime Minister Sir Keir Starmer.

The Guardian - UK

Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on

The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battle

The Independent UK

UK economy records strongest quarterly growth in a year as GDP increases by 0.6%

IN FULL

Evening Standard

Rachel Reeves pleads with Labour MPs not to topple Keir Starmer after surprise 0.6% jump in GDP

The rise in economic growth was stronger than expected by the City but markets have been hit by the turmoil at the heart of Government

Evening Standard

UK economy records strongest quarterly growth in a year

Gross Domestic Product increased by 0.6% between January and March, the Office for National Statistics said.

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