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The Latest Breaking News from Economy

Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Here's how to find the best ones.

Kiplinger

Retail Sales Rise 0.7% In November, Boosting Economy

Retail sales surged in November, indicating a strong holiday shopping season ahead. Auto dealers and online retailers drove the increase, with economists p...

Top News

Germany's election contenders set out contrasting plans to revive the economy, reduce migration

Leading contenders in Germany’s upcoming election have presented their programs, setting out contrasting visions of how to put new vigor into Europe’s biggest economy and tackle other issues such as migration

The Independent UK

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Retail sales rose at healthy pace last month in latest sign of US economy's health

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

The Independent UK

How Costco is easily outdoing Target in this weird economy

Costco is proving far more adept than Target in adjusting to the weird economy.

Fortune

Three possible futures for the global economy if Trump brings in new trade tariffs

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

The Conversation

Markets Mostly Down As Fed Gears Up For Interest Rate Decision

Investors are keeping tabs on Beijing after Chinese leaders' latest measures to kickstart the economy fell short of expectations, with weak retail sales data Monday reinforcing the need for more support.

Latin Times

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Top investor dubs U.K. a 'banana economy' over 'build absolutely nothing' mantra

PIC says the U.K.’s stunted planning policy is leaving $250 billion for viable projects unused.

Fortune

Palestinian Economy Facing Unprecedented Crisis: World Bank

The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel's attacks.

International Business Times

The fiscal update is no Christmas present for the government – but signs of a slow recovery are there

After a slow economic year, many New Zealanders are eyeing 2025 with uncertainty but also a degree cautious optimism. Interest rates are dropping and unemployment rates remain below expectations.

The Conversation

The Best Car of 2024 Is the Honda Civic Hybrid

In the grand, glowing mural of NPC cars (for all you noobs out there, that’s a “non-playable character”), very few do anything to stand out. Every small car has a four-cylinder engine—maybe hybridized—and gets good fuel economy. Every small car is comfortable and reliable. And for the most part, every…

Motor1

The beautiful Yorkshire villages hoping to ban building new second homes to combat overtourism

‘We want new houses to be used to send children to school and provide jobs’ says councillor

The Independent UK

Trump’s mass deportation plan could hurt the country more than the Great Recession, report says

Mass deportations could lead to a 7.4 percent drop in the GDP, meaning ‘the U.S. economy would not grow at all’ during President Trump’s second term, the report says

The Independent UK

China's economy logs a lackluster performance in November as retail sales slow

China has reported its economy logged a mixed performance in November, with retail sales slowing as consumers refrained from spending on non-essentials like cosmetics, alcohol and jewelry

The Independent UK

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International Business Times

Asian Markets Struggle After More Weak China Data

Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China's economy, with the latest batch of weak data compounding the disappointment of Beijing's latest stimulus pledges.

The Independent UK

Badenoch warns of ‘devastating’ impact of Reeves’ ‘farm tax’ on rural economy

Conservative leader will compare warning that changes could lead to 125,000 job losses to ‘the entire population of Blackburn’

The Guardian - AU

Rail unions back fresh industrial action across Sydney train network in lead-up to New Year’s Eve – as it happened

This blog is now closed

AAP

Mining export slump puts federal budget in the doldrums

Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.

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The Guardian - AU

Australian mining exports could plunge $100bn over four years due to China slowdown, budget update suggests

Company tax receipts to be revised downwards for the first time since 2020, mid-year budget update reveals

Tom’s Guide

I drove the Volkswagen Jetta GLI Autobhan for a week — and it might make you forget about EVs

After driving a 2025 Volkswagen Jetta GLI Autobhan for a week, it's one of the few all-gas powered vehicles I'd recommend.

The Independent UK

Starmer’s government hails joining CPTPP – two years after he said impact would be ‘very small’

Sir Keir’s business secretary said the agreement would ‘boost trade and create opportunities for UK companies abroad’

The Guardian - UK

UK retailers accused of recruiting young shop workers without rights over Christmas

Lush and Gymshark among chains using apps promoted by TikTok influencers to take on gig economy assistants lacking basic protections, say unions

International Business Times

Rare Foreign-born CEO Says Japan Needs Immigration To Thrive

The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years.

The Guardian - AU

Jim Chalmers says Coalition’s nuclear plan represents $4tn hit to economy by 2050

Federal treasurer also reveals mid-year budget update out this week will show bigger deficits than May papers

Top News

Taiwan Prepares For Uncertain Future Under Trump's Second Term

Taiwan navigates uncertainties in US relations under Trump's second term, focusing on defense, economy, and semiconductor industry challenges.

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