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The Latest Breaking News from Economy

5 huge climate opportunities await the next parliament – and it has the numbers to deliver

Australians have returned an expanded Labor Party to government alongside a suite of climate-progressive independents. Meanwhile, the Coalition – which promoted nuclear energy and a slower renewables transition – suffered a historic defeat.

The Conversation

Oil prices drop $2 with most Asian markets closed for holidays

Oil prices have fallen more than $2 a barrel after the OPEC+ group of oil producing nations said it plans to increase output

The Independent UK

How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

The Independent UK

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Donald Trump’s cartoon-like chaos leaves US economy on unstable course

Uncertainty generated by tariff policy underlines US president seemingly unable to choose a path and stick to it

The Guardian - UK

Trump feels tug of political gravity as economy falters and polls plunge

The president started his second term fast and furious with a flurry of activity – much of it legally dubious – but analysts say the honeymoon is over

The Guardian - US

US Fed Expected To Pause Cuts Again And Wait For Clarity On Tariffs

The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.

International Business Times

Trump blows off trade war recession fears: ‘Everything’s ok’

President says U.S. economy will undergo ‘transition period’

The Independent UK

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Financial markets have become a bulwark against populist excesses

Custodians of global wealth have reacted with anger at attempts by people like Trump and Truss to revolutionise the economy

The Guardian - UK

Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty

The Guardian - US

Mixed economic data puts Trump’s domestic agenda at risk

ANALYSIS: Analysis: Trump gets a lucky break on jobs, but he faces several alarm bells on the economy that he won’t be able to ignore, writes Eric Garcia

The Independent UK

America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

The Independent UK

Trump got a strong jobs report, but maybe not the way he wanted

The bulk of new jobs in April came from industries that do not necessarily reflect the administration’s priorities.

Fortune

Carney Vows To Transform Canada Economy To Withstand Trump

Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada's economy since the end of the Second World War to enable it to "stand up" to Donald Trump.

International Business Times

One hundred days in, Donald Trump faces a problem: he can rage, but he can’t govern

Americans are beginning to worry about their future amid a shrinking economy, warnings of empty shelves – and the president’s failed promises, says Guardian columnist Jonathan Freedland

The Guardian - UK

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The Independent UK

The seats passengers will use for the 20-hour flight that will become the world’s longest

The service will be operated between New York, London and Sydney by Qantas, using modified Airbus A350s with very fancy cabins

The Independent UK

Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

The report gives the first glimpse of how the economy has fared after Trump’s so-called ‘Liberation Day’ when he introduced sweeping tariffs that plunged the stock market into chaos

Fortune

Japan prepared to use its role as America’s largest creditor as leverage in Trump trade talks

No country holds more provable Treasury debt than Japan with roughly $1.1 trillion, equivalent to a quarter of its entire economy.

Bored Panda

50 Travelling Dramas That Happened Because People Just Can’t Sit In Their Assigned Seats

"A dude is in it - like properly settled in with his glass of champagne."

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The Independent UK

Asian shares rise as China says it's considering US overtures on Trump's tariffs

Asian markets are higher after China's Commerce Ministry said Beijing is evaluating overtures from the U.S. regarding President Donald Trump’s tariffs

The Guardian - AU

A climate election? The Coalition wants to take Australia backwards, while Labor is standing still

Depending on where things end up after Saturday, the biggest climate push may come from the crossbench

Salon

Vance blames Biden for shrinking economy

Bret Baier noted the "economy shrank" for the "first time in three years," but Vance said Biden's to blame

The Conversation

Trump’s Ukraine mineral deal finally lands as US economy shivers

This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

The Conversation

Whether GDP swings up or down, there are limits to what it says about the economy and your place in it

The Bureau of Economic Analysis released the latest U.S. gross domestic product data on April 30. In the first three months of 2025, it said, GDP contracted by 0.3%. The GDP growth rate captures the pace at which the total value of goods and services grows or shrinks. Together with…

The Guardian - US

Seth Meyers on looming recession: ‘We all knew Trump was bad with money’

Late-night hosts discuss Trump’s attempts to shift blame for the shrinking US economy in the first quarter of 2025

The Conversation

Why do people continue to support politicians who attack their democracies? Expert Q&A

Ahead of a public event in London on May 8 on what the latest research can tell us about the state of democracy, The Conversation asked Scott Williamson, Associate Professor in Comparative Political Economy at the University of Oxford, to help us understand why people don’t always immediately push back…

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