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The Latest Breaking News from Economy

Carney’s ‘nation-building’ programme misses mark to be truly transformative for Canada

The $C56bn plan focused on investing in a resource economy falls short of changing Canadians’ day-to-day lives

The Guardian - US

The climate crisis is expensive: net zero is cheaper for Australia than not doing more

The Coalition claims net zero by 2050 will cost too much – but unchecked warming or even a delayed transition would be worse for the economy

The Guardian - AU

‘Make Sydney fun again!’: can government policies really resuscitate the city’s nightlife?

With the world’s best-resourced night-time economy office behind it, can Sydney finally be enticed to come out after dark?

The Guardian - AU

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German government to subsidize industry's energy prices in bid to revitalize economy

Germany’s governing coalition has agreed to subsidize energy prices for heavy industry over the next three years

The Independent UK

Confidence in UK economy plummets among London fintech bosses

More than eight out of ten are pessimistic about prospects for UK

Evening Standard

Landsec improves guidance amid shift from office investment

Bosses reported ‘clear positive momentum’ across the company despite wider pressures in the economy.

Evening Standard

Global markets struggle after tech sell-off and fears over Chinese economy

Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China

The Guardian - US

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Vance flatters Trump and blames Biden for affordability crisis in Fox News interview which avoids any mention of Epstein

Vance defended the administration as it continues to face political liabilities over the economy and the president’s past association with Jeffrey Epstein

The Independent UK

Foreclosure rates have soared 20% over the last year in latest worrying sign for the economy

Foreclosures remain below historic peaks but the data is a warning sign when paired with larger inflation issues across the economy

The Independent UK

Dollar Falls as the US Government Reopens

The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.33%. The dollar retreated on Thursday amid speculation that the reopening of the US government would allow the release of delayed economic reports that could show a weakening US economy, prompting the Fed to...

Barchart

Renewable energy is reshaping the global economy – new report

World leaders gather for the UN climate summit (Cop30) in Belém, Brazil, amid concerns about the slow progress in cutting global carbon emissions. Ten years into the historic Paris climate agreement, we are off track to meet its core objective, to keep global warming well below 2°C, relative to pre-industrial…

The Conversation

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

Fortune

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

The Independent UK

EU steps up crackdown on cheap Chinese parcels flooding European market

EU economy ministers agree to tax small parcels coming from China putting Shein and Temu in the hot seat.

Euronews

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Barchart

Dollar Retreats as the US Government Reopens

The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.29%. The dollar is falling today on speculation that the reopening of the US government will allow the release of delayed economic reports that may show a weakening US economy, prompting the Fed to keep...

The Conversation

Ukraine: energy corruption scandal threatens to derail Zelensky’s government and undermine its war effort

The latest corruption scandal that has engulfed Ukraine could not have come at a worse time or in a more delicate sector of the economy for the increasingly embattled government of Volodymyr Zelensky.

The Independent UK

Reeves’s actions would suggest she’s trying to slow economy down, says former NatWest chief

Labour chancellor under fire ahead of crunch Budget as new figures show GDP growth has slowed

The Conversation

Why the UK should look beyond growth to a ‘new economics’ that works for all

The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too…

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Evening Standard

Reeves Budget tax rise warnings and No10 'coup' chaos slammed for slowing Britain's economy

Former NatWest boss Sir Howard Davies accused the Government of making it harder for businesses with its ‘behaviour’ and policies

Euronews

Bleak data out of Britain: Is the UK once again the sick man of Europe?

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

The Independent UK

Toyota Prius review: Radical reinvention of a hybrid icon

The latest Toyota Prius has exciting styling that helps push its overall efficiency to new highs, although this does come with a few compromises in terms of interior practicality

The Guardian - UK

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further

Evening Standard

FTSE 100 Live 13 November: Index lower as Aviva, Rolls and Burberry report, GDP disappoints

Rachel Reeves was handed an unwelcome pre-Budget surprise today when official figures showed the economy ground almost to a halt over the three months to September.

Evening Standard

New blow for Reeves as economy stalls close to zero in run up to Budget

GDP inches ahead by just 0.1% in the third quarter in a grim set of figures that one City analyst said revived the spectre of recession

The Guardian - UK

UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack

Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%

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