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The Latest Breaking News from Economy

Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

YOUR VIEWS: Our community is split on how Rachel Reeves should resolve her fiscal trilemma, with readers divided between raising taxes, cutting spending, relaxing borrowing rules or boosting growth through closer EU ties

The Independent UK

Despite tough talk, most Canadian, Mexican goods dodge new Trump tariffs

Canada and Mexico have been at the centre of Trump's tariff positioning from day one, but it seems that the pre-existing USMCA deal protects most goods from US tariffs.

Euronews

Starmer defends handling of economy but declines to rule out tax hikes

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

Evening Standard

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Who’s on Trump’s short list for Jerome Powell’s replacement

Trump confirmed Treasury Secretary Scott Bessent declined the role, saying, “I want to work with you,” while market-watchers weigh how each candidate could impact Fed independence and dollar strength.

Fortune

How To Prevent a Rocky Economy From Derailing Your Financial Goals

With a few grounded strategies and a little flexibility, you can keep moving forward -- even when the economic forecast looks a little stormy.

GOBankingRates

Edmunds: The best used hybrid sedans for under $25,000

Saving money by purchasing a lightly used car is easy, especially if it has a fuel-efficient hybrid powertrain

The Independent UK

Elizabeth Warren Says Trump Firing BLS Chief 'Dangerous' For The Economy: 'If The Facts Don't Fit His Story, He'll Try To Erase Them'

Sen. Elizabeth Warren (D-Mass.) on Tuesday called President Donald Trump's decision to fire the head of the Bureau of Labor Statistics "dangerous," warning the move risks undermining faith in the government's jobs numbers after a weak July report.

Benzinga

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Vinod Khosla Says This Is GenZ's Best Bet Against Losing '80% Of All Jobs' To AI In 5 Years

Venture capitalist Vinod Khosla says Gen Z's best hedge in an AI-first economy isn't a college degree or a trade but learning how to learn, fast.

Benzinga

Investors Walk Fine Line As Trump Tariffs Temper Rate Hopes

Asian investors trod warily Wednesday amid lingering uncertainty over Donald Trump's trade war, while another round of data indicated further weakness in the US economy but added interest rate cut speculation.

International Business Times

UBS sounds the alarm on 'stall speed' as the economy shows signs of running out of gas

It's not an immigration or population shock—fewer people are working, amid shorter hours and lower demand. “The drop in the labor force participation rate has masked how much slackening is actually taking place."

Fortune

Crucial exemption allows majority of Canadian and Mexican goods to be shipped to US without tariffs

U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key carve-out for Canada as well as Mexico shields the vast majority of goods from the punishing duties

The Independent UK

The digital economy could turbocharge our productivity, but we need to get the settings right

Data and new digital technologies such as artificial intelligence present an opportunity to get Australia back on the path to productivity growth.

The Conversation

Did DOGE contribute to the BLS jobs report that Trump hated? Economist Mark Zandi thinks so

Cuts to government jobs are contributing to downward employment revisions, says Zandi.

Fortune

The Trump administration dismisses most on a federal board overseeing Puerto Rico's finances

The Trump administration has dismissed five out of seven members on Puerto Rico’s federal control board that oversees the U.S. territory’s finances, sparking concern about the future of the island’s fragile economy

The Independent UK

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The Guardian - UK

Brexit has been a resounding disaster. Starmer must find the courage to change course

Poll after poll shows most voters think leaving the EU has been a failure. Closer ties with Europe would bring huge rewards, says Liberal Democrat leader Ed Davey

The Guardian - UK

UK services sector has biggest fall in orders for nearly three years

Figures add to pressure on Bank of England to cut interest rates when it meets on Thursday

The Guardian - AU

Should big tech be allowed to mine Australians’ text and data to train AI? The Productivity Commission is considering it

Interim report on digital economy also mulls changes to privacy rules and copyright collections to help harness AI’s benefits

The Independent UK

I tried out American Airlines’ new Dreamliner cabin — here’s why it’s a game-changer

AMERICAN AIRLINES: American Airlines has launched Dreamliners with fully upgraded cabins, which include brand-new business-class seats with privacy doors. US Travel Editor Ted Thornhill steps aboard, takes a tour and reveals his verdict

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International Business Times

Swiss President Rushes To US To Avert Steep Tariffs

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country.

Fortune

Stocks leap on Palantir earnings, but Goldman warns the U.S. ‘is near stall speed’—where the economy ‘weakens in a self-reinforcing fashion’

Lurking in the background, as always, are the big macro questions about President Trump’s tariff deals.

Benzinga

US Could See 5-Year Worker Growth Slump, Warns Wall Street Strategist, Calls For 'Exceptional Caution' Before Rate Cuts

The U.S. labor market could potentially see no growth in workers over the next five years, warns David Kelly, chief global strategist at JPMorgan Asset Management.

International Business Times

Saudi Aramco Profit Drops For 10th Straight Quarter

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.

The Guardian - UK

China warns EV makers to stop price-cutting to protect the economy

Overcapacity and oversupply are causing ‘involution’ and putting growth at risk, manufacturers told

The Guardian - UK

Pension age debate threatens to splinter Germany’s fragile coalition

Merz walks fine line as ‘lazy Germans’ debate sparks protest and economy minister calls to raise retirement age to 70

International Business Times

Asian Markets Track Wall St Rally On Fed Rate Cut Bets

Stock markets rose Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite concerns about the US economy and Donald Trump's tariffs.

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