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The Latest Breaking News from Economy

Interest rates: Why have they been cut and what does it mean?

Here the Press Association looks at what the decision means and what the Bank of England expects to happen to the economy.

Evening Standard

Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospects

The Guardian - UK

Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close

The Guardian - UK

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Trump Announces 'Warrior Dividend,' Defends Economy In Prime-Time Address

Democratic leaders said his speech glossed over persistent cost-of-living pressures faced by Americans.

International Business Times

Gold, iron ore and population swell big state's coffers

Australia's richest state has unveiled a modest mid-year budget windfall due to strong commodity prices and a growing population.

AAP

France's economic outlook for 2026: How heavy is the debt burden?

France’s economic outlook for 2026 remains constrained by rising debt, high deficits, and political deadlock. Growth is set to recover modestly, but limited fiscal consolidation and reform fatigue continue to weigh on the economy.

Euronews

Trump claims economic successes in national address despite growing disapproval

In a televised speech to the nation, US President Donald Trump insisted on political and economic successes amid eroding popularity.

Euronews

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Why Short–Term Bond ETFs Might Be the Best Income Investment for 2026

Forget betting on a turnaround in dividend stocks. Try these two ETFs instead.

Barchart

Bernie Sanders Wants To Pause New Data Centers To Stop the Economy From Growing Too Much

The socialist senator wants a moratorium on new data centers to slow the AI and robotics industries down.

Reason

A U.S. oil blockade on Venezuela could ‘devastate’ its economy and further pressure Maduro. But how far is Trump willing to take it?

Questions abound about whether the White House will add new sanctions to oil tankers trekking to Venezuela and how broad the oil blockade will become.

Fortune

Karoline Leavitt’s White House briefing doublethink is straight out of Orwell’s ‘1984’

During a press conference on Dec. 11, 2025, White House press secretary Karoline Leavitt announced there was good news on the state of the economy.

The Conversation

Americans are growing more angry with Trump’s handling of the economy, poll finds

“The longer this goes on, the harder it is to get those numbers back,” one pollster said.

The Independent UK

Russia’s war economy is not collapsing, but neither is it stable

Russia’s wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University of Edinburgh. The report, Against the Clock? Why Russia’s War Economy is Running Out of Time, finds that Russia is being…

The Conversation

Who benefits from ‘nation-building’ projects like Ksi Lisims?

When the Canadian government added the proposed Ksi Lisims LNG terminal on Nisg̱a’a territory in northwest British Columbia to its new list of fast-tracked “nation-building” projects this fall, it resurrected an idea many British Columbians thought had quietly faded away: that liquefied natural gas (LNG) exports are central to the…

The Conversation

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GOBankingRates

I Asked Grok What Will Happen If the AI Bubble Bursts

The current artificial intelligence (AI) boom has provided a major lift to the stock markets and economy this year. But it also carries at least one major risk: that the AI bubble will burst in much...

The Independent UK

Labour crackdown on foreign workers could hit UK economy by £710m, Starmer warned

Advisers call for salary thresholds for some jobs to be reversed because they’re ‘inefficient’ at cutting migration

Euronews

Italy's cash ceiling proposal: Balancing freedom and fraud concerns

An amendment to Italy's upcoming budget law proposes raising the ceiling for cash payments in the country. While some lawmakers are pushing for more 'consumer freedom', others fear the potential effect on tax evasion and criminal activity.

The Guardian - UK

This is Europe’s secret weapon against Trump: it could burst his AI bubble

Growth in the US economy – and the president’s political survival – rest on AI. The EU must use its leverage and stand up to him, says the Irish Council for Civil Liberties’ Johnny Ryan

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Axios

Trump orders oil tankers blockade in Venezuela, labels Maduro regime a "terrorist" group

The escalation exerts unprecedented pressure on the Maduro regime, threatening to bankrupt Venezuela's already struggling economy.

Reason

The Federal Government Has Shed 271,000 Jobs This Year. That's Great.

It's also not the whole story. Federal spending isn't falling and the private sector job market is stagnant.

International Business Times UK

US Unemployment Jumps to 4.6% — Worst Surprise in Months

US unemployment unexpectedly rises to 4.6%, the highest in four years, as job growth slows and labour market pressures intensify in the latest US jobs report.

Fortune

Unemployment hits 4-year high as frozen jobs data shows recession risks getting 'uncomfortably high,' top economist Mark Zandi says

Payroll growth for November came in at a modest 64,000. “There’s just no forward motion,” Moody’s chief economist told Fortune.

The Independent UK

Former Lebanese minister ordered released on $100,000 bail amid financial crime allegations

Officials say Lebanon's judicial authorities have ordered the release of a former economy minister on $100,000 bail after months of detention over alleged financial crimes

We Got This Covered

‘We should be absolutely terrified’: Trump’s disastrous economy hits trucking, 600 drivers laid off days before Christmas

Time to give up the open road and fill out that Walmart application form.

Fortune

Air strikes on casinos, colonial borders and a failed Trump ceasefire: What's happening in the Thai-Cambodia conflict

Last week’s border clashes have undercut Trump’s hopes to be a peacemaker, while also endangering a regional economy across the Thai-Cambodia border.

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