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The Latest Breaking News from Economy

Has India really overtaken Japan to become world’s 4th largest economy?

IN FOCUS: Surpassing Japan’s GDP would be a significant milestone for the world’s most populous country, but experts say an Indian official’s claim might be premature. Either way, are such moments really a cause for celebration? Shweta Sharma reports from Delhi

The Independent UK

European companies cut costs, scale back investments in China as its economy slows

European companies are cutting costs and scaling back investment plans in China as the economy slows and fierce competition drives down prices

The Independent UK

New US Senate bill could wreck Russia, but also damage the EU economy

In a bid to isolate Moscow, a new bill in the US Senate threatens to impose 500% tariffs on any country that buys Russian fossil fuels. If implemented as intended, the plan could ravage several EU countries.

Euronews

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Malaysia looks to help standardize the halal economy as Southeast Asia and the Middle East build new ‘smart partnerships’

Malaysia's Deputy Prime Minister Ahmad Zahid Hamidi said ASEAN has agreed in-principle to have a common halal logo across the region.

Fortune

Reserve Bank of NZ cuts rates again as inflation falls

The Reserve Bank of New Zealand has cut the official cash rate to 3.25 per cent with some economists wanting it to fall further.

AAP

College leaders from all four UK nations unite to call for more cash from PM

College leaders in England, Scotland, Wales and Northern Ireland have joined together to write to Sir Keir Starmer ahead of the spending review.

Evening Standard

US consumer confidence rebounds after five straight months of declines due to tariff anxiety

Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs

The Independent UK

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September British Pound Futures: How to Trade Stagflation Threats and the Moody’s Debt Downgrade

The United Kingdom’s has a fundamentally health economy and has better trading relations with the U.S. than many other countries.

Barchart

10 Cities That Offer Great Jobs but Terrible Living Conditions

Finding a city that balances career opportunities with a high quality of life is a challenge many face today. Some cities shine as economic powerhouses, offering lucrative jobs and bustling industries, yet fall short when it comes to livability. Whether it’s due to overcrowding, pollution, sky-high living costs, or poor…

Everybody Loves Your Money

IMF warns Trump’s tariffs are set to drag down UK economy next year

The organisation maintained its projection that the UK economy will expand by 1.4 per cent in 2026

The Independent UK

Economic recovery 'under way' in Britain and set to speed up, says IMF in boost to Chancellor Rachel Reeves

The Washington-based think tank nudged up its growth forecast for the UK this year from 1.1% in April to 1.2%

Evening Standard

Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%

The Guardian - UK

Tariff tensions to drag down UK economy next year, says IMF

Economists at the IMF said global trade tensions are expected to wipe 0.3 percentage points off growth for 2026.

Evening Standard

Trump is going to get 'punched in the face' by markets if he pushes through spending bill without a plan for national debt and tariffs, says Wharton professor

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Fortune

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International Business Times

Stocks Fluctuate As Traders Await Next Moves In Trump Trade War

Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.

International Business Times

Local Teams Matter for Local Businesses: Insights from FINITE Business Solutions

Outsourcing critical operations to offshore teams is common for businesses in today's global economy. Countless companies rely on a patchwork of international labor for customer support, bookkeeping, IT services, and more. This trend, primarily driven by cost savings, has unfortunately created a detachment between businesses and the communities they serve.

The Conversation

What is modern monetary theory? An economist explains how it could help Canada

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

The Independent UK

Rachel Reeves should invest extra money in economic growth, not spend it on U-turns, former adviser warns

Exclusive: Call from former Treasury minister Jim O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

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Fortune

U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent

A combination of pro-growth trade policies, tax cuts, and deregulation will soon lead to a pickup in activity, according to the Trump administration, following a 0.3% annualized contraction in the first quarter.

Grocery Coupon Guide

7 Food Stocks You Should Be Investing In Now For Big Returns

Food stocks might be your next big opportunity if you’re looking for a smart way to grow your money. The food industry is a cornerstone of the global economy and has proven resilient even during economic downturns. With changing consumer habits, innovation in food technology, and the ever-present need for…

Tom’s Guide

I drove the 2025 Hyundai Elantra N for a week — and it’s what I would’ve wanted in my 20s

The 2025 Hyundai Elantra N packs a sporty design paired with an impressive driving performance that can keep with the zippy acceleration of today's EVs.

The Guardian - UK

The charts that show just how worried Labour should be about the polls

Whether on leader favourability or on key policy areas, Labour is losing ground on almost every metric

Latin Times

Economists Warn Deporting Hundreds of Thousands of Venezuelans Could Devastate U.S. Economy

The Trump administration is seeking to cancel Temporary Protected Status for 350,000 Venezuelans. But experts say it could devastate U.S. economy.

Fortune

U.S. may lose 230,000 jobs if foreign tourists stay away

For every dollar no longer spent by visitors to the U.S., an additional $1.19 is lost throughout the economy.

The Conversation

Russia is facing fresh sanctions, but Putin is used to dealing with a struggling economy

The UK and the EU have agreed to hit Russia with a raft of new economic sanctions after hopes of a ceasefire with Ukraine came to nothing. One French minister commented that it is time to “suffocate” the Russian economy.

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