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The Latest Breaking News from Economy

Nigeria bans exports of raw shea nuts used for cosmetic products to help grow local economy

The Nigerian government has announced a six-month ban on the export of raw shea nuts, an essential raw material for making cosmetic products

The Independent UK

West End businesses hit by record losses from 'tourist tax' fallout

Restoring VAT free shopping for foreign tourists could deliver a £3.7 billion boost to the UK economy

Evening Standard

Swiss Economy Set To Slow Due To US Tariffs

The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.

International Business Times

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Lidl’s £435 million ‘vote of confidence’ in UK economy

IN FULL

The Independent UK

Why Are Companies Pulling Out Of Austin Airports? Delta Airlines Cancelling Flights Is Latest To Abandon US City

Delta ends Austin-Midland route in Nov 2025, joining American in slashing flights as demand dips, impacting travelers and Austin's economy.

International Business Times UK

I Asked ChatGPT To Debunk One Common Myth About Trump’s Economy: Here’s What It Said

ChatGPT elaborates on the Trump tax cut myth, revealing they don’t pay for themselves and could add $2.8T to the deficit, per multiple data sources.

GOBankingRates

Unlike 2008, When Jobs Returned As The Economy Improved, AI Could Replace Them For Good. What's The Plan Then?

As one Redditor put it in a thread on r/Layoffs, during the 2008 financial crisis, people who lost jobs held onto one hope: things would bounce back when the economy improved. Now, with companies laying off workers during record-breaking profits and using AI to replace them, they’re asking: what happens…

Benzinga

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Getting rid of fossil fuels is really hard – and we’re not making much progress

If miners, the media, policymakers and renewable energy companies are to be believed, Australia is in the midst of a green energy transition aimed at preventing the worst effects of climate change.

The Conversation

This ‘economic sugar high’ won’t last, CRFB warns, touting analysis predicting long-term stagnation and $600 billion in annual borrowing through 2028

“An economic sugar high doesn’t mean sustained growth,” says the Committee for a Responsible Federal Budget. This happened in 2017, too, it notes.

Fortune

France on the brink: how a budget deficit became a political crisis

With the government facing defeat in a confidence vote, the nation’s economic problems will still need to tackled

The Guardian - UK

How to harness the ocean for prosperity: funding African innovations can unlock the blue economy

Africa has an enormous ocean area at its disposal. There are almost 20 million square kilometres of ocean, seas and inland water that could be developed into environmentally sustainable blue economies. The G20 group of 19 of the world’s largest economies and the African Union also view the blue economy…

The Conversation

Why personal finance is harder when you’re a migrant

Skilled migrants play an important role in the UK economy. But while the UK celebrates the skills they bring, it doesn’t always make it easy for them to thrive financially.

The Conversation

Forbes says GDP figures ‘encouraging’, despite slower growth than UK overall

Scotland’s economy grew by 0.2% in the second quarter of the year – below the 0.3% rise seen across the UK as a whole.

Evening Standard

Over a Third of Americans Are Spending More Due to Stress About the Economy: 5 Ways You Can Avoid It

Over 1 in 3 Americans are overspending due to economic stress. Learn 5 smart ways to avoid emotional spending and protect your financial health.

GOBankingRates

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Evening Standard

Building housing Prince Charles Cinema to be turned into capsule hostel amid campaign to save it

Architects behind the plan said the hostel would bring a ‘significant boost’ to the local economy around Leicester Square

Benzinga

Stellantis Paid Over $190 Million In Fuel Economy Fines In 2025 As Trump Administration Scales Back Emission Norms

Jeep, Dodge parent company, Stellantis NV (NYSE:STLA), paid over $190.6 million in fines for failing to meet fuel economy standards laid out by the U.S. government.

Newslaundry

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

The Guardian - US

Trump tariffs are reshaping old alliances as the global south plots its own path

Countries from Brazil to India – hit by 50% tariffs from Wednesday – are exploring collective resistance as Trump uses trade to assert political and economic power

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The Conversation

In a post-truth world, what happens if we can’t trust US economic data any more?

We may already live in the post-truth world, but are we about to enter the era of post-truth statistics?

Top News

US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

Fortune

The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns

“The U.S. is moving away from free markets, limited government, and the rule of law at an astonishing pace,” the investment bank says.

Capital & Main

ICE Raids Push Workers Into the Shadows, Disrupting the Economy

Trump's campaign against immigrants is affecting their ability to work, hurting businesses and eroding workers’ rights.

International Business Times UK

Britain's Horse Racing Strike Spells Doom for Gamblers, Fans, and the Economy

In a landmark move, British horseracing is cancelling events to oppose government plans that could raise betting taxes and destabilise a £4 billion industry.

The Independent UK

August consumer confidence dips in US with jobs, tariffs and high prices driving most unease

Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month

Barchart

Fed’s Jerome Powell Just Painted a Grim Picture of the U.S. Economy After GDP ‘Slowed Notably’ and Job Growth Stalls: Here’s Why It’s Bullish

Federal Reserve Chair Jerome Powell used his annual Jackson Hole keynote speech to paint a picture of an economy facing policy-driven headwinds and rising uncertainty.

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