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The Latest Breaking News from Economy

French Economy Shrinks As Political Crisis Eclipses Olympic Boost

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.

International Business Times

How the Federal Reserve impacts mortgage rates

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

Fortune

Paul Diamond Fraud and the Shadow Economy: A Deep Dive into Financial Crimes

The story of Paul Diamond speaks to the greater landscape of shadow economies where corporate facades blur political alliances and legal boundaries to allow individuals to thrive without transparency or accountability.

International Business Times

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Brexit trade barriers could cost Scotland's economy £4 billion, fresh data shows

BREXIT trade barriers could impact Scotland’s economy by £4 billion, fresh analysis has shown.

The National (Scotland)

Stock market today: Asia shares mostly rise while some regional markets stay closed for holidays

Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September

The Independent UK

Feds Put a Stop to New Fuel Economy Standards

The newly confirmed head of the US Department of Transportation (DOT), Sean Duffy, has ordered the National Highway Traffic Safety Administration (NHTSA) to reset the Corporate Average Fuel Economy (CAFE) standards for automakers. The DOT said in a statement that the new standards will lower the price of new cars…

Motor1

Reeves rejects Heathrow expansion critics, saying answer ‘cannot always be no’

The Chancellor said the economy will stagnate if you ‘always give in’ to objections.

Evening Standard

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1 ETF to Buy Hand Over Fist as DeepSeek Causes Chaos in the Stock Market

The SPDR S&P 500 ETF is being touted as a smart investment to ride out the turbulence and capitalize on the broader U.S. economy.

Barchart

Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'

The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue

The Independent UK

Fed holds interest rates steady amid uncertainty over Trump’s impact on economy

Fed chair declines to provide ‘any response or comment whatsoever’ on president’s public demands for lower rates

The Guardian - US

Things to know about the Trump administration order on car and pickup fuel economy

Hours after being sworn in as the new U.S. Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks — also a principal way that it regulates air pollution and addresses climate change

The Independent UK

Rachel Reeves’s plan for Heathrow to ‘turbocharge’ economy struggles to take off

Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’

The Independent UK

German Industry Sounds Alarm As Government Cuts Growth Forecast

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

International Business Times

At Tesla's Q4 Earnings Call, The Check Is Due

Elon Musk is a very busy man. These days, his interests are varied and multi-faceted. He's focused on the AI race, cutting government spending in Washington D.C., advising President Donald Trump on just about everything of import, gaming, posting on his social media platform, space travel, and... whatever that was…

InsideEVs

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Evening Standard

Onshore GDP contracted 0.5% in a month, figures show

Deputy First Minister Kate Forbes said she was ‘disappointed’ by the statistics but she added the economy had still grown over the last year.

The Independent UK

Germany's government slashes its economic growth forecast for this year to 0.3%

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

The National (Scotland)

Tory leader praises Keir Starmer for 'embracing Conservative policies'

KEMI Badenoch has welcomed a “series of Conservative policies” from Labour as the Government desperately try to improve the economy ...

Evening Standard

Reeves looks to the skies in search of economic growth with support for Heathrow

Rachel Reeves put support for a third runway at the London hub airport at the heart of her plan to kickstart the UK economy.

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Top News

Federal Reserve Expected To Pause Rate Cuts

Federal Reserve expected to pause rate cuts amid stable inflation and strong economy. Powell to address rationale in news conference.

Evening Standard

Business groups welcome Reeves’ growth plans but remain ‘concerned’ about Budget

The Chancellor backed the expansion of Heathrow, and plans to turn Oxford and Cambridge into ‘Europe’s Silicon Valley’ in a bid to boost the economy.

The Guardian - UK

Environmentalists urge Reeves to rethink plans for airports and roads

Critics say chancellor’s ‘growth at all costs’ plans are not compatible with UK’s climate targets

The Independent UK

What do Rachel Reeves’ plans for growth mean for the economy?

As the Chancellor announces a raft of policies to boost economic growth, PA news agency explains what that means in real terms.

Evening Standard

Chancellor backs Heathrow third runway as she lays out plans for growth

Rachel Reeves struck a more positive note on the economy as she announced a slew of infrastructure projects.

Salon

"War on woke" is a war on all America

Christian nationalists behind the spending shutdown aim to punish everyone, not just imaginary Marxists

International Business Times

Spanish Economy Shines In 2024 With 3.2% Growth

The Spanish economy expanded 3.2 percent last year thanks to buoyant exports and consumption that have made it one of the fastest-growing developed countries, official data showed on Wednesday.

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