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The Latest Breaking News from Economy

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.

International Business Times

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.

Space

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...

Barchart

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Labour MPs call for four-day week as part of workers’ rights package

Twelve Labour MPs and one Green MP are trying to get the Government to consider how to transition parts of the economy to a four-day week.

Evening Standard

Banking Stocks Lead the Week: Stronger Economy on the Horizon?

Recent price action in banking stocks led investors to a couple of conclusions about the United States economy and where the opportunity might be.

MarketBeat

Trump's New Tariffs On Steel And Aluminum Impact Economy

President Trump's 25% tariffs on foreign steel and aluminum impact U.S. economy and global relations, raising concerns over inflation and competitiveness.

Top News

Stormont backs GB Energy Bill despite concern over ‘lack of detail’

Several MLAs voiced concern at a lack of information around how GB Energy will operate in Northern Ireland.

Evening Standard

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Only about 8% of dealmakers are confident in the international economy, survey says

Dealmakers share their outlooks on global business conditions, the carried interest tax, DEI, and even Elon Musk in Semaphore's annual survey of private markets.

Fortune

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across the economy.

Evening Standard

Simon Calder: How my Emirates business class experience compared to economy

Exclusive: The posh seats on Emirates flight EK404 disappointed our over-fussy travel correspondent, but there were plenty of benefits

The Independent UK

Rachel Reeves Slammed as ‘Clueless’ Chancellor in Brutal Expert Verdict

In a stinging critique of current economic policy, leading financial experts have lambasted Chancellor Rachel Reeves for what they describe as a lack of vision and substance.

The Fashion Central

Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

Iran has lifted import bans on expensive goods like foreign cars and new iPhones, yielding to public demand for the products while also trying to mask the dire straits of its economy

The Independent UK

Trump tariffs could boost case for rate cut: economists

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.

AAP

New Zealand government loses ground in polls as economic concerns grow

1News Verian poll shows Christoper Luxon dropped 22% in the preferred prime minister stakes, his lowest result as leader

The Guardian - AU

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The Guardian - US

Trump announces 25% tariffs on foreign steel and aluminum

Modified US duties will be enforced ‘without exceptions’, said president, in controversial bid to boost economy

Fortune

Smaller countries may ‘have to choose’ between the U.S. and China, warns author Robert Kaplan

“For decades, countries like Singapore and Australia and others were able to essentially get rich off China, and be protected by the U.S. Navy,” Kaplan explained. “They didn’t have to choose.”

Barchart

2 Top-Rated Data Center Stocks to Buy in February 2025

As data centers cement their role in the digital economy, here are two top-rated data center stocks to scoop up this month for potential gains.

The Guardian - AU

US accuses Australia of breaking ‘verbal commitment’ on aluminium exports – as it happened

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StockNews.com

3 Luxury Brand Stocks That Keep Gaining Value

The luxury market is thriving, driven by rising disposable income, a booming economy, and high demand from Gen Z and millennial consumers. Thus, around such market dynamics, it could be wise to invest in quality luxury brand stocks PVH Corp. (PVH), Ralph Lauren (RL), and Brilliant Earth Group (BRLT) that…

The Independent UK

The British economy will be profoundly affected by Trump’s trade war

THE INDEPENDENT VIEW: Editorial: The decision to impose 25 per cent tariffs on steel and aluminium may not look relevant to the UK at first glance – but it will lead to mutual impoverishment across the world and a further rise in international tensions

The Independent UK

Starmer urged to spell out plan to fight Trump’s tariff trade war

Trump’s tariffs on steel have provoked panic that his administration could soon go after other products

The Independent UK

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy

Fortune

Trump claims Elon Musk's DOGE 'geniuses' have found 'very fraudulent stuff'

Musk believes some $1 billion per week is being spent on fraudulent Treasury payments, prompting Trump to ask if this could help national debt.

The Guardian - US

Donald Trump says there are no exemptions on 25% aluminum and steel tariffs – as it happened

This live coverage has ended. You can find all of our live US Politics coverage here.

Evening Standard

A third of nightclubs have shut since the start of the pandemic says report

But openings of competitive socialising venues are booming according to the Night Time Industries Association

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