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The Latest Breaking News from Economy

No Signs Of US Recession, Treasury Secretary Says

There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday.

International Business Times

Starmer rejects Welsh leader’s call to ‘rethink’ winter fuel policy

Prime Minister Sir Keir Starmer said ‘we had to stabilise the economy’ as he defended the actions taken by his Government.

The Independent UK

UK and India agree ‘landmark’ trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040

The Guardian - UK

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Starmer secures Britain’s biggest post-Brexit trade deal with India in ‘landmark’ agreement

Deal on whisky, gin, cars and cosmetics set to boost economy and cut prices for shoppers – but Indian temporary workers and their employers in the UK get three-year exemption from national insurance contributions

The Independent UK

How a community-focused vision for net zero can revive local economies

Across the world, the transition to a green economy is under threat. Growing antipathy towards the costs of tackling climate change, stoked especially by right-wing populists, undermines ambitions to reach net zero emissions by 2050.

The Conversation

German stocks drop as Merz stumbles in historic Bundestag defeat

German stocks fell and bund yields rose after Friedrich Merz failed to secure a Bundestag majority, marking a historic political setback. The DAX dropped 1.5%, with industrial stocks hit amid rising uncertainty over Germany’s economy.

Euronews

Asian shares are mostly higher after Wall St breaks its winning streak

Asian shares are mostly higher after stocks closed lower on Wall Street, breaking a nine-day winning streak

The Independent UK

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Germany's Merz To Launch New Govt In Times Of Trump Turbulence

Germany's conservative leader Friedrich Merz is set to be sworn in as chancellor on Tuesday with a mission to revive the ailing economy and boost the diplomatic standing of the EU's most populous country.

International Business Times

UK consumer confidence at lowest level since December 2022, says Which?

Almost two-thirds of people believe economy will get worse in next 12 months amid tariffs uncertainty and Ukraine war

The Guardian - UK

Consumer confidence in economy ‘at lowest level since cost-of-living shock’

Almost two thirds of consumers (64%) believe the economy will get worse before it gets better, according to the Which? Consumer Insight Tracker.

The Independent UK

Labour is still gendered – and women are still getting a raw deal in the workplace

“When diversity, equity and inclusion become ‘threats’ to the order of society,” Judith Butler wrote recently, “progressive politics in general is held responsible for every social ill.” Authoritarians are empowered to oppress vulnerable people in the name of “the nation, the natural order, the family, society or civilization itself”.

The Conversation

The Data Economy's New Architect Trevor Koverko Pioneering the Future of AI

While others chased compute infrastructure, serial entrepreneur (and former pro hockey player) Trevor Koverko saw something more scalable, accessible, and urgent: the human side of AI training.

International Business Times

The Guardian view on Trump’s shock therapy: warehouse and transport workers are the first victims of a class war

Editorial: Behind the slogans and tariffs lies a calculated strategy – fuelled by elite interests, eroding labour rights and stoking global recession

The Guardian - UK

Millions of student loan borrowers head to collections as delinquency rates soar over 20%

Some will have wages and benefits garnished, putting even more strain on an already unstable economy.

Fortune

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International Business Times

Trump Mocked for 'Ignorant' Logic for 'Saving Hundreds of Billions of Dollars' as Tariff War With China Continues: 'Who Taught Him Math'

Donald Trump's logic was labeled questionable by users as he assured Americans that the economy is "doing great" as high tariffs impact trade with China.

The Conversation

How industrial diversity affects local employment growth in France

In an interconnected global economy, regions face recurring economic shocks and intense competition. For policymakers and researchers, understanding the drivers of local employment growth has become critical. Recent theoretical advances highlight the importance of different relational proximities that influence the benefits of the geographic clustering of economic activities.

The Guardian - US

Trump says Biden caused the economic downturn. That’s malarkey

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessor

Al Jazeera

Germany set for new government as mainstream parties sign coalition deal

New government must revive economy as Ukraine war and Trump complicate European security and trade.

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The Guardian - UK

We all know the crisis in UK social care damages lives and the economy: it’s the Treasury we must convince

There are real costs to not tackling this grievous problem. But, as we report today, the data we need doesn’t seem to exist, says Layla Moran, chair of the health and social care select committee

The Independent UK

American Airlines’ Flagship Suite business class to debut in June on these routes

The Flagship Suite debuts alongside an upgraded premium economy cabin - and launches on flights from Philadelphia and Dallas to Heathrow and Brisbane later in the year

Euronews

Will the Federal Reserve ignore Trump and keep rates stable this week?

While the US Federal Reserve is still under significant pressure from the Trump administration to slash interest rates, some experts believe that rate cuts may not come for another few months at least.

Fortune

JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan has redeployed most of Capital Connect’s 200 employees.

Euronews

Yes, you can still visit Barcelona. Here’s how to do it more responsibly

Groups across Europe are calling for a day of anti-tourism protests in June, foreshadowing another summer of unrest.

International Business Times

Facing A Broken Economy, Ghana's Tech-savvy Teens Turn To Fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

The Guardian - UK

‘It’s pretty bad’: Bank of England top official on the lack of female economics students

Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject

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