The Latest Breaking News from Economy

UK economy shrinks unexpectedly in May despite Trump pausing tariffs

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The Independent UK · Jul 11, 2025

Blow to Chancellor as UK economy shrank unexpectedly in May

The Office for National Statistics said gross domestic product contracted by 0.1% in May, following a 0.3% drop in April.

Evening Standard · Jul 11, 2025

'Ticking tax timebomb' warning as UK economy shrinks 0.1% in May in fresh blow to Rachel Reeves

The City had expected a 0.1% rise in GDP

Evening Standard · Jul 11, 2025

Which European economy stands to suffer the most from US tariffs?

One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the Irish economy.

Euronews · Jul 11, 2025

Trump to tour flood zone on Friday as he touts ties to deep-red Texas

Republican Governor Greg Abbott has repeatedly praised the Trump administration for its response to the tragedy

The Independent UK · Jul 11, 2025

China's Economy Likely Grew 5.2% In Q2 Despite Trade War: AFP Poll

China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in the final six months.

International Business Times · Jul 11, 2025

Trump's Plan to Impose 50% Tariffs on Brazil Highlights Illegal and Harmful Nature of his Trade Policy

It's an obvious abuse of emergency powers, a claim to unconstitutional delegation of legislative power, and a threat to the economy and the rule of law.

Reason · Jul 10, 2025

The housing market is flashing warning signs about high mortgage rates and Gen Z and millennial first-time buyers, Capital Economics says

Don't expect mortgage rates to drop anytime soon, the London-based research firm says.

Fortune · Jul 10, 2025

An Investor Wonders Why Trump's Tariffs Aren't Shaking The Markets. 'Does Wall Street Simply Not Care About The Economy Anymore?'

President Donald Trump is sticking to his Aug. 1 deadline to reimpose steep tariffs, but the stock market doesn’t seem too worried. On Reddit’s r/stocks, one confused investor posted, “Trump just announced plans to do Liberation Day 2.0 all over again, but this time the stock market stays… up??? Does…

Benzinga · Jul 10, 2025

Is your city a winner or loser in the return-to-office race? Capital Economics breaks it down

The London-based research firm also issued a forecast through 2029, finding three cities rising above the rest.

Fortune · Jul 10, 2025