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The Latest Breaking News from Economy

Liz Truss sends Keir Starmer cease and desist letter over 'crashed the economy' claim

Lawyers representing Liz Truss have sent a cease and desist letter to Sir Keir Starmer asking him to stop saying the former prime minister crashed…

The National (Scotland)

Liz Truss sends Starmer cease and desist letter over claims she crashed economy

The letter claims that suggestions she ‘crashed’ the economy are ‘false and misleading’.

Evening Standard

US Emissions Stagnate In 2024, Challenging Climate Goals: Study

US greenhouse gas emissions barely decreased in 2024, leaving the world's largest economy off track to achieve its climate goals, according to an analysis released Thursday, as the incoming Trump administration looks set to double down on fossil fuels.

International Business Times

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What rising government debt costs mean for your finances

High government borrowing costs come amid fears that inflation is creeping up again, which could lead the Bank of England to keep rates on hold

The Independent UK

Truss sends cease and desist to Starmer demanding he stop saying she crashed the economy

Downing Street said the prime minister ‘absolutely stands by’ his comments on the previous government’s record

The Independent UK

Delta's balancing act: Premium seats vs. credit card perks

Now that Delta is selling the vast majority of its premium seats—a big turnaround from a decade ago—what will become of its vaunted loyalty program?

Fortune

Stock market today: Asian shares are mostly lower after Wall St holds firm

Asian stocks are mostly lower after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected

The Independent UK

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Longshoremen reach tentative agreement with ports, shippers, averting a potential strike

U.S. longshoremen have reached a contract agreement with ports and shippers, averting a potential strike that could have damaged the American economy

The Independent UK

Don’t panic – despite the headlines, the Aussie dollar isn’t crashing

While our currency is lower than it’s been for a while, there is no sense of a crash. The RBA’s focus should be on the domestic economy and rate cuts

The Guardian - AU

Succeeding In A Burgeoning Economy: Mohammed Alaqeel's Insights On Harnessing The Opportunities Of Saudi Arabia

Mohammed discerns two of the most common types of businesses entering Saudi Arabia: those invited by the government and smaller investors looking to join the market.

International Business Times

Virginia Democrats Maintain Statehouse Majority In Special Elections

Virginia Democrats secure Statehouse majority in recent elections with key wins in special races. Republicans focus on parents' rights, crime, and economy.

Top News

Hiring Slowed in December: ADP Jobs Report

Private employers continued to add jobs in December but not at the pace that was expected.

International Business Times

3 Consumer Staples Stocks for Steady Returns in Uncertain Times

General optimism for the U.S. economy has been disrupted by uncertainty surrounding policy changes, geopolitical tensions, and border crises. Amid this volatility, investing in sound consumer staple stocks Colgate-Palmolive (CL), Chewy (CHWY), and Kimberly-Clark (KMB) could offer investors a reliable path to steady returns. Read more….

StockNews.com

Here are some of China's New Year resolutions to boost its economy

China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump takes office

The Independent UK

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The Guardian - UK

UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened

Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax rises

Al Jazeera

Rebuilding Syria’s economy: Can stability return after war?

Syria’s new leadership faces an economy devastated by war and sanctions, with inflation and a decimated currency.

The Independent UK

Stock market today: Asian shares slip after Wall St slumps despite strong US economic data

Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

International Business Times

Asian Markets Mixed After Wall St Hit By US Inflation Fears

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street that was sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts.

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Reason

With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies

Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that will harm consumers and the economy.

The Guardian - UK

Rise in UK borrowing costs could push Reeves to new public spending cuts

Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer

Top News

US Longshoremen Threaten Strike Over Automation Concerns

45,000 U.S. longshoremen threaten strike over automation at ports, impacting economy and workers.

The Independent UK

US dockworkers threaten to strike against automation, creating economic uncertainty

Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House

Reason

Why the Race and Gender Politics of White Dudes for Harris Failed

It's still the economy, stupid.

The Independent UK

Uniqlo among retailers to stop hiring gig economy workers over employee rights claims

Gymshark also said they had halted hiring through certain platforms

The Guardian - UK

Ignore Musk, ignore the critics – you’ll feel the benefit of Labour’s policies in your pocket before long

Despite the doom-mongers, the outlook for the economy, the NHS and vital services is good. Coming months should bear that out, says Guardian columnist Polly Toynbee

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