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The Latest Breaking News from Economy

FTSE 100 Live 12 June: GDP setback as US exports slide, Poundland sold for £1

Tesco and Halma today provided the buying interest in a session when geopolitical concerns and a below par UK GDP reading weighed on the FTSE 100 index.

Evening Standard

UK economy shrinks by 0.3% as firms hit by tax rises and Trump trade war

Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending review

The Guardian - UK

Reeves’ review shows Labour plans to take on the right over net zero

By earmarking billions of pounds for the green economy, Labour is setting itself apart from the Tories and Reform

The Guardian - UK

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UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – as it happened

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record close

The Guardian - UK

How is Pakistan raising money for a 20 percent hike in defence spending?

Pakistan hikes its defence budget by 20 percent after border clashes with India, economy remains reliant on IMF loans.

Al Jazeera

JPMorgan’s Jamie Dimon warns national economy may soon ‘deteriorate’

Recent economic data shows both job growth and inflation slowed in May

The Independent UK

There may be trouble ahead, but Labour should stick to the plan for national renewal

THE INDEPENDENT VIEW: Editorial: With the Brexit reset, new trade deals and planning reforms, the chancellor’s spending review could result in a stronger economy with a better long-term growth rate. But it will take time

The Independent UK

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June Fed Meeting: Updates and Commentary

The June Fed meeting was a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates and the economy.

Kiplinger

A former Lebanese economy minister is arrested on corruption charges

A former Lebanese Cabinet minister has been arrested and charged after an investigation into alleged financial crimes

The Independent UK

Waste pickers and vendors should be treated as workers, not small businesses – labour lawyer

A new report from the International Labour Organisation outlines a set of propositions on how countries should go about formalising the informal economy. The report provides the basis for negotiations on the subject at the International Labour Conference in Geneva in June 2025.

The Conversation

US prices continued to rise in May amid Trump tariffs

Annualized inflation hit 2.4% in May, up from 2.3% in April, as Trump pushes ahead with controversial trade plans

The Guardian - US

Swiss deflation fuels talks of negative interest rates: Is SNB ready?

Switzerland may become the first advanced economy to revive negative interest rates, as inflation turned negative in May for the first time since 2021.

Euronews

Tourists and locals at odds with each other in holiday hotspot

A housing crisis in popular cities has led to growing frustration about the proliferation of short-term rental apartments in city centres

The Independent UK

Claude Wrote My Video Script, Sora Cut the Clip - TikTok Loved It

The creator economy has always been about speed, precision, and relatability. In 2025, it’s about Claude 4, OpenAI’s Sora, and a TikTok algorithm hungry for clean edits and compelling narratives.

inkl

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The Independent UK

Spain's economy minister says 'overtourism' challenges need to be addressed

Spain could receive as many as 100 million tourists this year, according to some projections

Evening Standard

Spending Review: 'We'll make working people better off,' vows Reeves but fears grow that London will miss out

The Chancellor stresses that health, security and the economy are her priorities for public spending

Euronews

Syria's post-war economy will require 'substantial' international support, IMF says

Since long-time authoritarian leader Bashar al-Assad was ousted in December countries have started restoring ties with Damascus, with some lifting sanctions in a bid to kickstart the economy.

The Independent UK

Store closures lead to massive 274% spike in retail layoffs in first half of 2025

Macy’s, Joann and CVS are among the major retailers announcing widespread store closures and job losses as the U.S. economy struggles

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The Guardian - US

The Trump-Musk feud exposes America’s wealth-hoarding crisis

The Tesla boss wields power no one person should have. But there’s a way to fix the problem

Euronews

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

The Independent UK

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday

The Guardian - UK

2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

Evening Standard

Rachel Reeves must not ignore London's vital role as engine of the British economy

Investing in London isn’t about favouring one region over another, it’s about backing the entire country to succeed

The Independent UK

Qatar Airways promo codes for August 2025 – save 10% on flights

Save on flight bookings and holidays with these Qatar Airways discount codes

AAP

Economic summit aims to firm up drooping productivity

Anthony Albanese is confident businesses and unions can find common ground in the quest to improve Australia's ailing productivity.

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