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The Latest Breaking News from Economy

‘Sitting with their head in their hands’: farm equipment suppliers fear for impact of budget

Traders at a big machinery show say inheritance tax changes affecting the rural economy have had an immediate impact on business

The Guardian - UK

IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge.

Al Jazeera

Energy bills, mortgages, food: will cost of living surge again under Labour?

The government claims to be fixing the economy but households may face more pressure in the months ahead

The Guardian - UK

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Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets

The Guardian - US

Euro Weakness Boosts the Dollar to a 2-Year High

The dollar index (DXY00 ) Friday rose by +0.55% and posted a 2-year high. Friday’s weaker-than-expected Eurozone economic news signals a struggling European economy that is weighing on the euro to the dollar’s benefit. The dollar extended its gains Friday after the US Nov S&P manufacturing and service PMIs increased....

Barchart

Challenging the Myth of a Trump Takeover of the Union Vote

Labor strategist Steve Rosenthal says Kamala Harris fared better with union voters than headlines suggest — and outlines the labor movement’s path forward.

Capital & Main

Dollar Jumps to a 2-Year High as the Euro Slumps on Eurozone Economic Weakness

The dollar index (DXY00 ) today is up +0.54% and climbed to a 2-year high. Today’s weaker-than-expected Eurozone economic news signals a struggling European economy that is weighing on the euro to the dollar’s benefit. The dollar extended its gains after the US Nov S&P manufacturing and service PMIs increased....

Barchart

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Bosch gives employees unwanted 4-day week as German economy sputters

The €92 billion conglomerate Bosch is cutting hours and pay for hundreds of staff thanks to a "difficult economic situation."

Fortune

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

Fortune

Mexican President Sheinbaum Pledges Support For Citizens Amid Trump's Mass Deportation Plans

Sheinbaum said Thursday that Mexico was working to convince the Trump administration that mass deportations weren't needed, highlighting how important Mexicans were to the U.S.' economy, especially considering the taxes they pay.

Latin Times

Going full-fibre on UK broadband could net the country billions

Speedier broadband connections are set to boost the UK’s economy and reduce emissions.

TechRadar

China is expanding visa-free entry to more countries in bid to boost economy

China is going to expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy

The Independent UK

German GDP Downgraded In New Blow For Struggling Economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

International Business Times

Americans Think Inflation, Not Immigration, Should be Trump's Priority During his First 100 Days in Office

A new Reuters/Ipsos poll showed inflation, immigration and the economy as the top issues voters think Trump should handle as soon as he assumes office.

Latin Times

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International Business Times

Irish Economy Faces The Test Of Trump's Protectionism

With a general election next week, Ireland and its 5.4 million inhabitants fear finding themselves in the eye of a protectionist storm promised by incoming US president Donald Trump.

The Conversation

5 common misconceptions about women and entrepreneurship

Women entrepreneurs are essential for the Canadian economy, a fact recognized by the government’s Women Entrepreneurship Strategy. This strategy was launched in 2018 and has seen nearly $7 billion be put toward supporting women-owned businesses in Canada.

The Conversation

Illegal mining clampdown in South Africa: treating desperate people like criminals is an injustice – legal scholar

Illegal artisanal gold mining in South Africa is in the spotlight again. Under Operation Vala Umgodi (“plug the hole”), South African authorities have since December 2023 been trying to disrupt the illicit gold mining economy by cutting off water, food and other supplies to the miners working underground.

Top News

Federal Reserve's Rate Cut Plans In Flux Due To Economy

Federal Reserve's cautious approach to interest rates influenced by strong economic reports and Trump's policies.

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The Guardian - US

Why Trump’s racism isn’t an issue – or enough of one – for some voters of color

Experts warn assuming minority groups will reject a racist candidate ignores nuance, particularly on the economy

Fortune

Inflation, China’s stumbling economy, and apocalyptic fear are driving a new gold boom. Investors think this time there’ll be no bust

Elko, Nev., site of the largest gold mine in the world, bears little resemblance to the gold rush town it once was.

International Business Times

Civil War Economy Hits Myanmar Garment Workers

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.

The Guardian - AU

Australia took its interest rate medicine – and it has poisoned our living standards

Even as we spent less, the Reserve Bank kept raising rates – and now household disposable income is back to what it was in 2015

International Business Times

Navigating AI Transformation: Insights From M&A Expert Brett Davis Of Continuum Advisors

With AI projected to contribute $15.7 trillion to the global economy by 2030, 77% of businesses reported either using or exploring the use of AI in their strategies, with 83% making it their top priority.

InsideEVs

How The Heavier Weight Of EVs Affects Tire Choice And Performance

This is a sponsored article from our partners at ERANGE EV.Today’s tires are a marvel of engineering, providing thousands of miles of useful life, a quiet ride, fuel economy benefits, and more. Tire manufacturers offer products for a range of vehicle types and uses, including tires made specifically for electric…

The Independent UK

Viral posts claim stimulus checks are on the way. Here’s what you should know

False rumor comes after exit polls revealed the economy was the biggest issue to almost one third of voters

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Stanley Druckenmiller

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