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The Latest Breaking News from Economy

Scottish and UK Governments must act to save Alexander Dennis, say MSPs

Holyrood’s Economy and Fair Work Committee said immediate action must be taken to stop the end of bus manufacturing in Scotland.

Evening Standard

There's a 'growing risk' Fed will have to cut interest rates by 50 basis points in December to 'catch up' to a sagging labor market, Oxford Economics

Interest rate cuts could mean the economy is in the clear after the spring’s recession fears—or the labor market suddenly collapsed.

Fortune

Virgin Atlantic: 5-year plan includes Starlink wifi and more posh seats, but not a return to Gatwick

Plane Talk: When Richard Branson founded his airline, only 5% of seats were better than economy – on some planes soon it will be 45%

The Independent UK

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SNP urge Reeves not to cut Isa tax-free allowance

SNP economy spokesman Dave Doogan said the move could ‘clobber’ 1.3 million Scots who have cash Isas.

The Independent UK

Stock Market Today: Trump Reextends His Tariff Deadline

When it comes to this president, his trade war, the economy, financial markets and uncertainty, "known unknowns" are better than "unknown unknowns."

Kiplinger

Trump threatens Aussie medicines with bitter tax pill

One of Australia's biggest US exports has been threatened with hefty tariffs, but many doubt whether Donald Trump will actually impose the measure.

AAP

Four reasons why many of us feel the global economy is not on our side

During my adult life, I have never experienced what it’s like to live in a “good” economy. Starting with the global financial crash in 2008, which hit just as I began studying economics, the world seems to have lurched from crisis to crisis and the UK economy even more so.

The Conversation

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Peter Schiff Says Trump's Tax Cuts 'Won't Grow The Economy.' Instead, He Warns They'll Lead To Higher Interest Rates And Inflation

Economist and market commentator Peter Schiff is cautioning against President Donald Trump's latest tax and spending package, saying it could do more harm than good for the U.S. economy.

Benzinga

Britain remains trapped in poor economic policy

Letters: Readers respond to Randeep Ramesh’s article on the flaws in Labour’s approach to the economy

The Guardian - UK

Voices: Readers torn on wealth tax – from ‘the only counterbalance’ to ‘utterly counter-productive’

YOUR VIEWS: Discussion of a wealth tax has ignited a lively debate among our community, with some calling it a necessary step to tackle inequality and fund public services, while others warned it would drive away investment and harm the economy

The Independent UK

10 Jobs That Are Vanishing—But Still Sold as “Secure” Careers

The idea of a “safe” job used to be simple: pick a reliable profession, do it well, retire comfortably, and pass that wisdom on to the next generation. But the modern economy has flipped that old promise upside down. Technology, outsourcing, and automation are reshaping entire industries that once seemed…

Everybody Loves Your Money

How slashing university research grants impacts Colorado’s economy and national innovation – a CU Boulder administrator explains

The Trump administration has been freezing or reducing federal grants to universities across the country.

The Conversation

Stock Index Futures Gain With Focus on Trade Talks as Trump Extends Tariff Deadline

September S&P 500 E-Mini futures (ESU25) are up +0.08%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.17% this morning as initial jitters over U.S. President Donald Trump’s latest tariff moves eased, giving way to cautious optimism that there’s still ample room for further negotiations.

Barchart

How strong is US manufacturing, as Trump’s tariff deadline looms?

The US is the world’s second-largest manufacturer after China, adding $2.9 trillion to the global economy.

Al Jazeera

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Benzinga

Why Tokenization Could Outgrow Bitcoin: Crypto's Biggest Success Story

Atul Khekade, co-founder of XDC Network, on Tuesday predicted that tokenization will surpass Bitcoin's (CRYPTO: BTC) transformative power, outlining how tokenization—digitizing and fractionalizing assets like real estate, bonds, and commodities—will reshape the global economy.

The Conversation

Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

The Conversation

Welcome to post-growth Europe – can anyone accept this new political reality?

Across much of Europe, the engines of economic growth are sputtering. In its latest global outlook, the International Monetary Fund (IMF) sharply downgraded its forecasts for the UK and Europe, warning that the continent faces persistent economic bumps in the road.

Benzinga

No Plan B - Tesla's Musk Premium Is On Thin Ice

Tesla is swimming in contradiction. On the one hand, it’s a $1 trillion behemoth, rivaling the economy of an entire small nation. On the other hand, investors are jittery: shares are down about 17 % year-to-date, and profits and deliveries have just hit multi-quarter lows.

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The Guardian - US

Trump takes on the Fed – but he has little power over central bank, economists say

President has savaged Federal Reserve chair Jerome Powell for not lowering interest rates, but he can’t easily fire him

The Guardian - UK

UK politics: Send children’s legal rights to extra support will be protected, says education secretary – as it happened

Bridget Phillipson says there will be better outcomes for all children than at present but fails to guarantee EHCPs will continue in their current form

The Independent UK

Ex-Treasury secretary pans Congress for passing Trump’s ‘shameful’ megabill he says will hurt economy

Summers notes that cuts to SNAP and Medicaid could kill thousands while saying GOP tax cuts will mostly benefit wealthy Americans

Evening Standard

Consumer confidence rising as summer holiday season begins

Some 70% of people are planning to go on holiday, though 75% of those are finding ways to cut travel costs compared to their last trip, a poll found.

Fortune

Musk forms the America Party and Sam Altman backs ‘techno-capitalism’ as crumbling economic consensus gives way to rival visions

“A new economic order is forming—which means that it is not yet fixed and can still be shaped.”

Radio France Internationale

BRICS leaders meet in Rio to defend multilateralism 'under attack'

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.

The Free Financial Advisor

Grocery Foods That Disappear During Economic Downturns

When the economy takes a downturn, the effects ripple through every aisle of the grocery store. Suddenly, shelves that were once fully stocked start to look a little bare. Shoppers notice their favorite items missing, prices creeping up, and a sense of urgency in the air. Understanding which grocery foods…

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