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The Latest Breaking News from Economy

Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Think tank says GDP growth is likely to be 0.2 percentage points lower in the first year of tariffs if implemented by the US president

The Independent UK

Think tank explains how much the UK economy could be impacted by Trump tariffs

Niesr said it was projecting the UK economy would grow by 1.5 per cent this year - double the Bank of England’s forecast

The Independent UK

Trump tariffs could knock economic growth despite Budget boost, says think tank

Niesr said it was projecting the UK economy would grow by 1.5% this year, lifting its previous forecast of 1.2%.

Evening Standard

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Kinship carers to march to Treasury in call for financial support

Wednesday’s march comes as a report says that kinship carers in England are contributing more than £4.3 billion a year to the economy.

The Independent UK

Mexico's Secretary Of Economy Says Tariffs Imposed By Trump On Steel And Aluminum Are 'Unfair'

Mexican officials hope to reach a compromise with the Trump administration before tariffs are enforced on March 12

Latin Times

US Fed Chair Says In No Rush To Tweak Interest Rate Policy

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

International Business Times

There was nearly 1 rocket launch attempt every 34 hours in 2024 — this year will be even busier

2024 set spaceflight records for the fourth consecutive year with 259 launches worldwide and one launch attempt roughly every 34 hours, according to a recent analysis of the global space economy.

Space

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Dollar Slides on Concern US Tariffs Could Weigh on the Economy

The dollar index (DXY00 ) today is down by -0.15%. The dollar today is slightly lower on concern that President Trump’s 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar are limited by higher...

Barchart

Labour MPs call for four-day week as part of workers’ rights package

Twelve Labour MPs and one Green MP are trying to get the Government to consider how to transition parts of the economy to a four-day week.

Evening Standard

Banking Stocks Lead the Week: Stronger Economy on the Horizon?

Recent price action in banking stocks led investors to a couple of conclusions about the United States economy and where the opportunity might be.

MarketBeat

Trump's New Tariffs On Steel And Aluminum Impact Economy

President Trump's 25% tariffs on foreign steel and aluminum impact U.S. economy and global relations, raising concerns over inflation and competitiveness.

Top News

Stormont backs GB Energy Bill despite concern over ‘lack of detail’

Several MLAs voiced concern at a lack of information around how GB Energy will operate in Northern Ireland.

Evening Standard

Only about 8% of dealmakers are confident in the international economy, survey says

Dealmakers share their outlooks on global business conditions, the carried interest tax, DEI, and even Elon Musk in Semaphore's annual survey of private markets.

Fortune

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across the economy.

Evening Standard

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The Independent UK

Simon Calder: How my Emirates business class experience compared to economy

Exclusive: The posh seats on Emirates flight EK404 disappointed our over-fussy travel correspondent, but there were plenty of benefits

The Fashion Central

Rachel Reeves Slammed as ‘Clueless’ Chancellor in Brutal Expert Verdict

In a stinging critique of current economic policy, leading financial experts have lambasted Chancellor Rachel Reeves for what they describe as a lack of vision and substance.

The Independent UK

Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

Iran has lifted import bans on expensive goods like foreign cars and new iPhones, yielding to public demand for the products while also trying to mask the dire straits of its economy

AAP

Trump tariffs could boost case for rate cut: economists

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.

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The Guardian - AU

New Zealand government loses ground in polls as economic concerns grow

1News Verian poll shows Christoper Luxon dropped 22% in the preferred prime minister stakes, his lowest result as leader

The Guardian - US

Trump announces 25% tariffs on foreign steel and aluminum

Modified US duties will be enforced ‘without exceptions’, said president, in controversial bid to boost economy

Fortune

Smaller countries may ‘have to choose’ between the U.S. and China, warns author Robert Kaplan

“For decades, countries like Singapore and Australia and others were able to essentially get rich off China, and be protected by the U.S. Navy,” Kaplan explained. “They didn’t have to choose.”

Barchart

2 Top-Rated Data Center Stocks to Buy in February 2025

As data centers cement their role in the digital economy, here are two top-rated data center stocks to scoop up this month for potential gains.

The Guardian - AU

US accuses Australia of breaking ‘verbal commitment’ on aluminium exports – as it happened

This blog is now closed

StockNews.com

3 Luxury Brand Stocks That Keep Gaining Value

The luxury market is thriving, driven by rising disposable income, a booming economy, and high demand from Gen Z and millennial consumers. Thus, around such market dynamics, it could be wise to invest in quality luxury brand stocks PVH Corp. (PVH), Ralph Lauren (RL), and Brilliant Earth Group (BRLT) that…

The Independent UK

The British economy will be profoundly affected by Trump’s trade war

THE INDEPENDENT VIEW: Editorial: The decision to impose 25 per cent tariffs on steel and aluminium may not look relevant to the UK at first glance – but it will lead to mutual impoverishment across the world and a further rise in international tensions

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