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The Latest Breaking News from Economy

'They Don't Have The Money,' Elon Musk Says Of $500B OpenAI-SoftBank-Oracle AI Project Stargate

U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

International Business Times

Kansas Republicans Push To Ban Gender-Affirming Care For Youth

Kansas politics reflect a divide on economy and transgender rights, with Republicans prioritizing tax cuts and opposing gender-affirming care for youth, wh...

Top News

Rachel Reeves clashes with Sadiq Khan over third Heathrow runway as she hits out at people who 'always say no' to growth

Chancellor says if Britain wants a strong economy the answer ‘can't always be 'no'’ to projects that will create growth

Evening Standard

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Reeves defends Budget as she searches for growth in Davos

Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.

Evening Standard

I drove the Kia Niro Plug-in Hybrid for a week — and it’s a PHEV that most people can afford

The Kia Niro PHEV blends gas and electric power into a subcompact crossover SUV. I drove it for a week to see how much value it offers over EVs and traditional gas-powered cars.

Tom’s Guide

Reeves risks Cabinet row as she says growth must trump green concerns over Heathrow third runway

Chancellor is gearing up for a potential row with cabinet colleagues over major expansion of London’s airports

The Independent UK

Labour strips environmental watchdogs’ powers to block building projects

In the government’s latest push to grow the economy, regulators will no longer be able to demand developers mitigate the environmental impact of new buildings before they can be constructed

The Independent UK

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Australian shares rise again as Trump fuels optimism

Optimism about the Trump presidency's implications for markets and the economy has driven Australian shares to further gains as the ASX200 rises 0.4 per cent.

AAP

Maintenance backlog of crumbling schools and hospitals ‘costs at least £49bn’

The National Audit Office Ministers has also warned ministers that allowing the waiting list of repairs to linger is a ‘false economy’.

The Independent UK

Labour split over support for Heathrow expansion with Reeves set to give backing

Chancellor Rachel Reeves is expected to voice her support for a third runway at Heathrow despite opposition from cabinet collegue Ed Miliband and London mayor Sadiq Khan

The Independent UK

The Guardian view on England’s regional divides: still crazy after all these years

Editorial: A new study reveals the extent to which the economy remains one of the most unbalanced in Europe. Labour needs a broader vision to address the problem

The Guardian - UK

The Czech Republic's car giant Skoda is defying parent Volkswagen's downturn

Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Fortune

Climate group says Heathrow expansion would be ‘catastrophic’

Climate charity Possible said the ‘huge increase in emissions’ from a third runway ‘won’t help our economy’.

Evening Standard

Tax memes target Nirmala, but who’s the real villain here?

The term meme was coined by the British evolutionary biologist Richard Dawkins in his 1976 book The Selfish Gene. In this book Dawkins defined a meme as: “A noun that conveys the idea of a unit of cultural transmission… Examples of memes are tunes, ideas, catch-phrases, clothes fashions, ways of…

Newslaundry

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Evening Standard

Reeves heads to Davos in bid for more investment

The Chancellor said she ‘will not rest’ until the economy is growing.

Evening Standard

New deep water quay and autonomous vehicles part of £300m Belfast Harbour plan

The proposals also include a focus on accommodating cruise ships.

StockNews.com

3 Specialty Retail Stocks Thriving in the Experience Economy

As the retail landscape shifts toward the “experience economy,” specialty retailers are capitalizing on unique consumer preferences and tailored experiences. For investors seeking opportunities in this evolving landscape, fundamentally robust stocks like Abercrombie & Fitch (ANF), Columbia Sportswear (COLM), and BARK Inc. (BARK) are leading the charge with their unique…

The Guardian - UK

Is the penny finally dropping on the post-Brexit economy?

Letters: Ed Gillam and Peter Goodair respond to Kemi Badenoch’s admission that the Tories didn’t have a plan for the post-Brexit economy

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Guitar World

“The first thing I said to Jordan Rudess was, ’You’ve got a pretty sick guitar player in your band. What are you asking me for?’” How Spiro Dussias became shred’s next great hope – and ended up giving Dream Theater guitar lessons

One of 2024’s standout metal guitarists on what it’s like to be compared to Tosin Abasi, why nothing compares to his ESP Horizon, and how amp modeling is about to get crazy

Evening Standard

Ex-Asda and M&S boss says remote work is ‘not proper work’

Lord Stuart Rose said working from home has contributed to the ‘general decline’ of the UK economy.

The Independent UK

Working from home is ‘not doing proper work’ says former Asda boss

Lord Stuart Rose told the BBC that working from home was helping stoke the economy’s “general decline”

The Guardian - US

Biden was a remarkably consequential one-term president

His greatest successes came in domestic policy. Inheriting a post-pandemic economy, Biden orchestrated the best recovery in the industrial world

The Independent UK

Voices: Reeves is wrecking UK growth by alienating wealthy entrepreneurs who bring investment and jobs

COMMENT: Reeves and her boss Keir Starmer do not appear to understand the competition to attract the international rich – and the benefits they bring

The Guardian - UK

If Rachel Reeves wants growth, improved community cohesion could be essential

A new paper has found that social capital ‘is the cake, not the icing’ of a strong, well functioning economy

The Guardian - UK

Market turmoil has calmed but Rachel Reeves faces more challenges ahead

Chancellor survives chaos in markets but faces more questions on growth, cuts, public sector pay and fraud

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