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The Latest Breaking News from Economy

Traders reeling as fire destroys Ghana's largest clothes market

Ghana's informal economy has suffered an enormous blow after a fire engulfed the Kantamanto used clothes market in the capital on Thursday, destroying more than 100 shops and goods worth millions of the local cedi currency. Thousands of traders have lost their livelihoods.

Radio France Internationale

Workers torn after Bourbon Street reopens hours after blood stained the sidewalk: ‘My anxiety is at an all-time high’

EXCLUSIVE: Service industry workers tell Alex Woodward that New Orleans is failing to protect the people fueling the city’s critical tourist economy

The Independent UK

Dollar Gains on US Economic Strength and Euro Weakness

The dollar index (DXY00 ) Thursday rose by +0.79% to a new 2-year high. Signs of strength in the US economy boosted the dollar Thursday after weekly jobless claims unexpectedly fell to an 8-month low and after the US Dec S&P manufacturing PMI was revised higher. Also, weakness in the...

Barchart

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James Carville admits why Democrats lost and he was wrong. He didn’t listen to himself

Voters see Democrats as ‘out to lunch’ on the economy and as caring too much about other issues, former Bill Clinton strategist argues

The Independent UK

Why is the Australian dollar falling – and what does it mean for interest rates, travel and the economy?

Trump’s higher tariffs and any resulting weakness in China would keep the Aussie under pressure, economists warn

The Guardian - AU

Labour’s economic agenda has all the right ideas – but it’s a race against time to make it work

This government needs to reverse at least three decades of financial woes, and it needs to show progress before its plan gets Trumped, writes economist Michael Jacobs

The Guardian - UK

Why These 3 Stocks Are Set to Gain From a Bond Market Shift

The new path for the United States economy will be made more explicit by how bonds are performing currently. Wall Street analysts and institutions agree

MarketBeat

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UK factory output falls at fastest rate since February amid tax rise fears

Pound drops to nine-month low against dollar after PMI for December signals further contraction in manufacturing

The Guardian - UK

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’

British factories reported concerns about rising business taxes and a weaker global economy, as the production industry contracted in December.

Evening Standard

Cuban Military-Run Companies Have Stashed Billions in Profit as Humanitarian and Economic Crises Deepen

A new Miami Herald investigation reveals that companies run by Cuba's military have made billions of dollars in profit as 2024 worsened hardships in Havana.

Latin Times

Asian Stocks Begin Year On Cautious Note

Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China's economy gave Wall Street the holiday blues for a fourth straight session.

International Business Times

Singapore economy grows 4%, beating forecasts

Singapore Prime Minister Lawrence Wong says most workers have seen wages outpace inflation.

Al Jazeera

Better Budgeting and Money Management in 2025

Managing money effectively is a critical skill that empowers individuals to achieve financial stability, avoid unnecessary debt, and work toward long-term goals. In 2025, with the global economy continuing to evolve and new financial tools emerging, it’s essential to adapt budgeting strategies and leverage available resources.

inkl

Asia Stocks Begin Year On Cautious Note

Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs and China's economy gave Wall Street the holiday blues for a fourth straight session.

International Business Times

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The Guardian - UK

At best, 2025 will be a year of slow economic recovery. As for the worst? Brace yourselves

With threats of recession, global fracturing and increasingly angry voters, Labour’s sticky start is unlikely to get any easier, says Guardian columnist Larry Elliott

The Independent UK

Can India become the world’s third superpower? It faces huge challenges in 2025

If India is to realise its dreams of ranking alongside the US and China it must maintain high growth rates and ensure the benefits of development reach the population as a whole – no easy task, as Shweta Sharma reports

Fortune

Wall Street’s predictions for the market and economy in 2025

It’s unlikely 2025 will repeat the massive gains of 2024, but it’s a far cry from early recession fears.

AAP

Rate cuts on horizon in mixed 2025 for the economy

Borrowers can expect cashflow relief from interest rate cuts in 2025, yet a further deterioration in the jobs market will also start to be felt.

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news in one place.

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The Guardian - UK

Xi says China’s economy on course to expand by 5% despite Trump concerns

President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffs

Salon

The return of crony capitalism

MAGA's embrace of the alliances between business tycoons and politicians is a symptom of a deeper historical trend

The Independent UK

Scholz calls on Germans to unite in solidarity in a new year despite many crises

Chancellor Olaf Scholz has called on Germany’s 84 million residents to stick together despite the many global crises and wars, the country’s ailing economy and a deadly Christmas market attack

Salon

5 thought-provoking books of 2024

These authors will make you rethink some of the biggest issues of our time

The Guardian - UK

Starmer faces test of climate leadership with big decisions on carbon budget

PM will have to respond to Climate Change Committee’s recommendations on future emissions cuts with drastic changes in many sectors of economy

Evening Standard

UK economy faces threat of ‘stagflation’ after bumpy 2024

Falling inflation allowed the Bank of England to cut rates twice in 2024, but faltering growth and pressure on prices is clouding the outlook.

The Times of India

India's highest wicket-takers in T20Is in 2024: Arshdeep Singh leads bowling masterclass

NEW DELHI: In a year dominated by T20 cricket, with the World Cup staged across the USA and the Caribbean, Indian bowlers delivered stellar performances, playing a pivotal role in India clinching their second T20 World Cup title. Leading the charge was left-arm pacer Arshdeep Singh, who emerged as India’s…

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