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The Latest Breaking News from Economy

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

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

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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

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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

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

The Guardian - UK

Serious, Popular, Besties With Trump: Italy's Meloni Marks Three Years

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.

International Business Times

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.

Benzinga

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

The Guardian - UK

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.

Benzinga

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

The Independent UK

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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.

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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."

Benzinga

Trump's Economic Approval Rating Takes A Dive, Latest Survey Reveals

President Donald Trump‘s economic approval rating has experienced a significant decline.

Fortune

Bill Gross says gold is now a 'momentum/meme asset' — and if you really want to buy it, you should wait awhile

"10 year Treasury has no business below 4% though 4.5% more like it — too much supply/deficits despite slowing, soon-to-be 1% growth economy."

Evening Standard

Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey says

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

The Independent UK

Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

The Independent UK

Trump's immigration crackdown threatens America's job market and ability to recruit foreign talent

President Donald Trump’s sweeping crackdown on immigration is throwing foreigners out of work and shaking the American economy and job market

Radio France Internationale

France’s economy minister warns latest credit downgrade a 'wake-up call'

A fresh downgrade to France’s credit rating has sharpened calls for action in Paris, with ministers urging unity to get the 2026 budget over the line.

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