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The Latest Breaking News from Economy

World Economy Should Avoid Recession Despite Tariffs, IMF Chief Says

The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund said Thursday.

International Business Times

Trump says Fed chair is ‘too late’ on interest rates: ‘Powell’s termination cannot come fast enough!’

A day earlier, Federal Reserve chair Jerome Powell offered a pessimistic view of the economy because of the White House’s tariff policy.

Fortune

Trump's Tariff Storm A Threat To Dollar's Dominance?

As President Donald Trump's tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world's key trading and reserve currency.

International Business Times

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Fed Chair Powell warns of tariff turmoil as big company stocks struggle

The economy now faces "heightened downside risks," says Powell.

Fortune

United Airlines Is in Reversal—If the Economy Doesn’t Stall

United Airlines forecasts a robust year if the economy doesn't stall. While risks are present, a stall is unlikely until the second half or later.

MarketBeat

Petrol Price Plunge Sends UK Inflation Tumbling to 2.6% – But Is It Just a Blip?

Falling petrol prices have pushed UK inflation to 2.6%, but experts warn of rising energy costs and taxes. Learn how to protect your finances in this volatile economy

International Business Times UK

China Selling Seized Digital Assets? Crypto Users Troll Local Governments In 'Germany Type Move'

Local governments in China are reportedly dumping their seized Bitcoin and other cryptocurrencies amid a slowing economy – crypto holders blasted the move, reminding the community of how a similar move ended for Germany.

International Business Times

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Voices: Sadiq Khan: Here’s one thing I know that’ll get us closer to Europe – and a post-Trump bump

COMMENT: A new youth mobility scheme will bring the UK and the EU some much needed connection – and a shot in the arm for business, too, writes London mayor Sadiq Khan

The Independent UK

Why healthy eating may be the best way to reduce food waste

Australians waste around 7.68 million tonnes of food a year. This costs the economy an estimated A$36.6 billion and households up to $2,500 annually.

The Conversation

Gavin Newsom’s California becomes the first state to sue Trump over his tariff plan

The suit argues that as a ‘global leader in trade,’ the Golden State will bear an ‘inordinate share’ of the costs resulting from the sweeping levies

The Independent UK

Stock Market Today: Dow Drops 699 Points After Powell Speech

Fed Chair Powell warned of a slowing economy and higher inflation but said the central bank isn't ready to cut rates just yet.

Kiplinger

For the first time in years, the public trusts Republicans less on the economy than Democrats, poll finds

Trump’s own economic approval rating has fallen as he continues his trade war with China

The Independent UK

Jerome Powell’s warning on Trump’s tariffs: There’s no ‘modern experience of how to think about’ the White House’s trade policy

In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming threat of stagflation.

Fortune

Global Economy at an Inflection Point Again: Christian Urbina on Fiscal Strategy, Global Trade, and Investment Planning

Christian Urbina, President, CEO, and Chief Investment Officer of Prosperitus Wealth Advisors, LLC, believes this is a moment that demands clarity, strategy, and thoughtful action.

International Business Times

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Fortune

The gig economy is growing three times faster than the traditional workforce, and Gen Z is leading the charge. Here’s how employers can fight back and keep their talent from going rogue

The youngest population of workers want more control over their career trajectory.

International Business Times

Trump Touts Trade Talks, China Calls Out Tariff 'Blackmail'

US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy.

Reason

Tariff Uncertainty Is Stalling the Economy

Businesses are reporting fewer orders, lower inventories, less employment, and weaker expectations. The only thing going up: prices.

Reason

Jason Furman: Why Everyone Is Wrong About the Economy

Former Obama administration economic adviser Jason Furman explains why both major parties have abandoned economic reality in favor of political fantasy.

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Barchart

Dr. Copper Provides Valuable Clues for Commodity Markets, Global Economy

Copper will prescribe what comes next for safe-haven assets like gold and silver as well as the broader market.

The Conversation

Denying compensation to ‘Waspi’ women over pension changes could be a missed opportunity

Governments around the world have addressed the challenge of increasing life expectancy and declining birth rates by raising the pension age. The UK is no exception. The challenge this creates for governments is the thorny dual issue of rising care costs for the ageing population while fewer taxpayers support the…

The Conversation

Culture can build a better world: four key issues on Africa’s G20 agenda

The cultural and creative industries are a growing source of income and job creation around the world, generating tens of millions of jobs. The cultural sector is also linked to soft power, to relations between countries.

The Guardian - US

California launches legal challenge against Trump’s ‘illegal’ tariffs

Governor says import tariffs are ‘wreaking chaos’ on the state’s families, businesses and economy

The Guardian - UK

Good news on UK inflation may be short-lived amid trade war and rising household bills

Worsening global outlook makes ‘gradual and careful’ approach on interest rates by Bank of England more difficult

International Business Times

China's Forecast-beating Growth Belies Storm Clouds Ahead: Analysts

Forecast-beating growth in China's first quarter may have offered Beijing's economic planners some much needed good news -- but analysts warn they should strap in for tariff-induced woes further down the line.

Euronews

China’s first-quarter economic growth beats estimates as tariffs loom

China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.

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