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The Latest Breaking News from Economy

PHOTO ESSAY: Lesotho faces deep uncertainty after tariff threats and foreign aid cuts

In the wake of massive U.S. cuts in foreign aid as well as tariffs imposed by President Donald Trump’s administration, the small southern African country of Lesotho faces deep uncertainty over its fight to end the HIV epidemic and its economy.

The Independent UK

Former airline pilot reveals why swapping to an empty seat before take-off is dangerous

Although tempting - especially if cramped in economy - the veteran pilot advises against making a switch

The Independent UK

Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Evening Standard

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Cashless America: 7 Groups That Will Struggle Most When Paper Money Disappears

The idea of a fully digital economy sounds sleek and convenient—until you realize not everyone can keep up. As the world moves closer to becoming a cashless America, millions of people may find themselves left behind. Credit cards, digital wallets, and payment apps may simplify transactions for some, but they…

The Free Financial Advisor

Brexit had bigger impact on UK economy than critics predicted, Rachel Reeves says

Brexit ‘needlessly’ added costs to UK businesses, Rachel Reeves said, arguing ministers are now ‘unashamedly rebuilding our relations with the European Union’

The Independent UK

Trump’s words aren’t stopping China, Brazil and many other countries from setting higher climate goals, but progress is slow

In the Marshall Islands, where the land averages only 7 feet (2 meters) above sea level, people are acutely aware of climate change.

The Conversation

From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

AAP

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AWS outage spotlights the world economy's fragile foundations

It takes a crisis to make invisible pieces of critical infrastructure visible — both online and in the physical world.

Axios

Top analyst still thinks we’re on the cusp of a new boom for the economy, but investors aren’t with him: ‘Markets remain choppy’

Morgan Stanley’s Mike Wilson says he needs to see more before giving the “all-clear” on chances of a further near-term correction.

Fortune

China's Growth Engine Is Sputtering—And Trump's Tariffs Are To Blame

China's long-struggling economy is showing fresh signs of distress, as exports to the United States collapse under President Donald Trump's tariffs and the property market fails to mount a meaningful recovery.

Benzinga

The Erie Canal: How a ‘big ditch’ transformed America’s economy, culture and even religion

Two hundred years ago, on Oct. 26, 1825, New York Gov. DeWitt Clinton boarded a canal boat by the shores of Lake Erie. Amid boisterous festivities, his vessel, the Seneca Chief, embarked from Buffalo, the westernmost port of his brand-new Erie Canal.

The Conversation

Trump’s hand in the tariff war he started gets weaker still, as Beijing comes in ahead of growth forecasts

President Trump’s tariff leverage over China faces new strain as Beijing’s economy posts stronger than expected growth and diversifies exports.

Fortune

Stocks Set to Open Higher as U.S.-China Tensions Ease, Inflation Data and Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.41% this morning as signs of easing trade tensions between the U.S. and China helped boost risk appetite.

Barchart

China's economy grows at slowest pace in a year amid US trade war

Tensions between Beijing and Washington remain elevated, and it’s unclear if Trump and Chinese leader Xi Jinping will go ahead with a proposed meeting during a regional summit at the end of this month.

Euronews

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The Guardian - UK

Amazon says Web Services are recovering after outage hits millions of users – as it happened

Fortnite, Roblox, SnapChat, Lloyds Bank, Ring doorbells and Amazon’s own shopping site among services hit by online outage

International Business Times

Italian Prime Minister Giorgia Meloni marks three years in office this week with her far-right party more popular than ever, her government remarkably durable and the economy stable, if not exactly booming.

Benzinga

Trump Tariffs Fail To Dent China's Exports As Beijing Moves Sales To Other Markets, But Economic Growth Slows — Asian Markets Open Strong

China’s economy has slowed down significantly in the latest quarter, amid the tensions and uncertainties surrounding the tariffs imposed on the nation by President Donald Trump.

The Guardian - UK

The Beijing courier who went viral: how Hu Anyan wrote about delivering parcels – and became a bestseller

Like so many others, his days have been spent in the gig economy, moving from one precarious job to another, often tied to a gruelling 996 shift pattern. He discusses the harsh realities of modern working life in China, and far beyond

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Benzinga

Trump Warns US Would Be 'Struggling For Years' If Supreme Court Strikes Down Tariffs: 'Don't Want To Even Think About It' (CORRECTED)

Editor's Note: The headline has been corrected for accuracy.

The Independent UK

China says its economy slowed to a 4.8% annual pace of growth in the last quarter

China has reported that its economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand

Evening Standard

Stormont minister faces legal challenge over stance on trade with Israel

Economy minister Caoimhe Archibald issued instructions to officials about not engaging in UK/Israel trade talks.

GOBankingRates

The Supreme Court Fast-Tracked Trump’s Tariff Case: What the Decision Could Mean for Your Wallet

Trump’s “Liberation Day” tariffs face a Supreme Court showdown in coming weeks. Here’s what the ruling could mean for your wallet and the U.S. economy.

GOBankingRates

Here’s What It Costs To Charge a Tesla Monthly vs. Using Gas for a Nissan Sentra

We break down the monthly cost of charging a Tesla versus fueling a Nissan Sentra—see which option saves you more in today’s economy.

Tom’s Guide

I drove the Toyota Prius Plug-In Hybrid for a week — and it’s the best of both worlds

The Prius Plug-In Hybrid follows the same path as its predecessors by driving home the idea that electric power is the way of the future.

Fortune

Here's how Trump can hit China's economy where it really hurts as analysts say Beijing's rare earths gamble could backfire

"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of the Chinese market for chip design software, for example."

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