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The Latest Breaking News from Economy

Reform UK abandoning manifesto pledge of £90bn in tax cuts, deputy leader admits

Richard Tice says party will concentrate on cutting civil service and scrapping net zero once in government

The Guardian - UK

Microsoft reveals AI could save 12.1 billion hours annually across the UK economy — if "Shadow AI" tech doesn't wreck it first

A new report by Microsoft reveals that 71% of employees in the UK have used unapproved consumer AI tools at work, and 51% continue to do so every week, raising privacy and security threats.

Windows Central

Reform UK would be ‘catastrophic’ for businesses, Welsh First Minister says

Baroness Eluned Morgan was in Port Talbot to announce a new £547 million funding pot from the UK Government to create new jobs and boost productivity.

Evening Standard

From analysis to the latest developments in health,
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Trump bet China would face ‘tremendous difficulties’ without U.S. consumers—Beijing just focused on the rest of the world instead

China’s trade diversification has been so successful that its export market is growing significantly despite the trade war.

Fortune

Why Russia’s provocations in Europe actually signal a weakened strategic position

There’s recently been a significant uptick in Russian incursions into Europe. They started in mid-September with Russian drones violating Polish airspace, resulting in Poland being forced to deploy its air force to protect its sovereignty.

The Conversation

Brighton councillor calls for tourist tax powers for England’s local governments

Councillor Bella Sankey said funds raised from tourist taxes would be reinvested in the local area

The Independent UK

‘Doughnut economics’ shows how global growth is out of balance - and how we can fix it

A new update to an influential economic theory called “Doughnut Economics” shows a global economy on a collision course with nature.

The Conversation

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Taiwan's Chip Industry Unfazed By China's Rare Earth Export Curbs: Report

Taiwan’s economy ministry has stated that the country’s semiconductor industry will remain largely unaffected by China’s newly expanded rare earth export controls.

Benzinga

The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have quickly borne out Kristalina Georgieva’s claim that ‘uncertainty is the new normal’

The Guardian - UK

China Accuses US Of 'Double Standards' Over New Tariffs Threat

China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional 100 percent tariff on the world's second-largest economy.

International Business Times

New EU border checks could cause four hour waits and cost UK economy £400m, industry warns

The Entry Exit System (EES), being rolled out on Sunday, means UK travellers will need to have their fingerprints registered and photograph taken to enter the Schengen area

The Independent UK

Reappointed French PM Lecornu says new cabinet must not give in to partisan interests

Renamed by President Emmanuel Macron late Friday after a week of political chaos, Lecornu called for calm and for the support of political parties to produce a budget for the European Union’s No. 2 economy before looming deadlines.

Euronews

50 Ways for Car Owners To Save Money Every Month

You can't change a car's MSRP and you can only negotiate the purchase price down so far. However, once you drive away, you'll have opportunities throughout the year to lower the cost of owning a...

GOBankingRates

How to measure the economy when the government isn't doing it

Companies and investors are scrambling for alternatives to the data put out by the Bureau of Labor Statistics.

Axios

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The Guardian - UK

Why should you be Labour’s next deputy leader? Guardian readers quiz the candidates

As party members prepare to choose between Bridget Phillipson and Lucy Powell, the pair give their views on wealth taxes, Brexit, the climate crisis and the far right

The Conversation

Government shutdown hasn’t left consumers glum about the economy – for now, at least

The ongoing federal shutdown has resulted in a pause on regular government data releases, meaning economic data has been in short supply of late. That has left market-watchers and monetary policymakers somewhat in the dark over key indicators in the U.S. economy.

The Independent UK

Nation’s top financial CEO Jamie Dimon warns there is a 30% chance of a stock market crash in the next two years

JPMorgan Chase boss admits he is more worried about the economy than many of his peers

Barchart

5 ‘Strong Buy’ Stocks That Could Dominate the AI Economy in the Next 10 Years

AI is transforming entire industries at lightning speed, and these five stocks are positioned to lead and capture massive value.

Get all your
news in one place.

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Benzinga

US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips'

Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's (NYSE:MCO) Analytics said that roughly half of all U.S. states are actually seeing their economies shrink.

Euronews

US throws Argentina €17bn lifeline as Milei-Trump ties deepen

Washington’s rare move to buy pesos and open a massive swap line steadied Argentina’s markets — but set off a political storm.

Benzinga

CRFB Slams $1.8 Trillion Deficit Amid 'Pointless And Wasteful' Shutdown: 'Will Lose Our Status As A Superpower'

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan budget watchdog, condemned the ongoing U.S. government shutdown as “pointless and wasteful”, while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025.

Euronews

Poland's banking sector - still too small to meet economic ambitions?

While Poland boasts one of the most technologically advanced banking systems in Europe, experts say its capital potential remains insufficient to support the development of an economy with growing investment needs.

The Guardian - UK

Pound on track for worst week since January as UK wage growth falls to four-year low – as it happened

Rolling coverage of the latest economic and financial news

Euronews

Italy’s business elite urge Meloni to act faster on economic reforms

As growth stagnates and reforms stall, investors are watching whether Giorgia Meloni can turn her political staying power into a new story of competitiveness and economic confidence.

AAP

Shaving red tape, inflation key to economic growth

The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.

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