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The Latest Breaking News from Economy

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.

Axios

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.

Reason

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.

International Business Times UK

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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.

Fortune

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

The Independent UK

‘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.

We Got This Covered

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.

Fortune

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If 2020 Prices Returned Overnight, How Much Would the Average Household Save per Month?

Imagine waking up tomorrow and discovering that every price in the economy has snapped back to what it was in 2020. Gas. Groceries. Housing. Travel. Everything. It is a fun thought experiment, but it...

GOBankingRates

Plea for spending cuts as banks tip interest rate hikes

Half of Australia's big four banks are tipping the Reserve Bank to hike interest rates at its next meeting as inflation is pushed outside the target zone.

AAP

Employers likely added 40,000 jobs in November as government releases report delayed by shutdown

The U.S. job market is sluggish and confusing this fall

The Independent UK

Britain faces lost decade after Reeves Budget failed to shift growth dial, say London bosses

They are setting up their own Growth Commission to identify measures to boost London firms and the UK economy

Evening Standard

‘A Bastion For Yesterday’s Technology’: Why The EU's Gas-Ban Retreat Could Backfire

A lifeline for Europe's automakers, or 'a wake-up call for the industry?' Plus, new data on what America's fuel economy cutback really means.

InsideEVs

China’s economy loses momentum amid spending and investment slump

Retail sales slowed and investment contracted compared to previous years as Chinese policymakers aim to make domestic demand a top priority in 2026.

Euronews

More signs the NZ economy is turning – but risks remain

The NZ economic recovery is gaining momentum, with stronger retail sales and improving confidence, but risks remain around growth, rates and key sectors

Newsroom.co.nz

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Axios

Trump's article of faith: Economy will soar in '26

Trump's bullish belief is key to understanding why he's so reluctant to say there's an "affordability crisis."

The Guardian - UK

Young people bearing brunt of UK jobs downturn, thinktank warns

Resolution Foundation report comes in week when data is expected to show October unemployment rise

The Guardian - UK

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

The Independent UK

High-end car sales sink in China as its economy slows, taking a toll on European automakers

Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models

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The Guardian - UK

Labour is procrastinating over policy as UK’s economy goes backwards

New business rates regime that is poised to hit pubs and hotels is latest example of hasty decision-making

Axios

OpenAI isn't too big to fail. It's bigger.

OpenAI's central place in the AI economy is enough to make people nervous.

MusicRadar

Money Money Money: Abba Voyage has contributed over £2 billion to the British economy

New report has looked into its economic and social impact

The Guardian - US

Trump attacks old foe Biden – but presidential parallels hard to avoid

US president finds himself shouldering same burdens of affordability crisis and the inexorable march of time

inkl

Cross-Border Compatibility of Notarial Acts in the Digital Environment: Shaping a Global Model for the Recognition of Digital Inheritance A Scholarly Analytical Overview of the Research of Vladyslava Trach

The digital economy has fundamentally transformed the structure of private property. Cryptocurrencies, tokenized assets, digital financial instruments, NFTs, domain names, online accounts, and other intangible resources increasingly form part of inherited estates

Euronews

'Let's prove them wrong': Spanish economy minister responds to US criticism

Spanish Economy Minister says Europeans must stay united and keep focused on integration after the Trump administration said the continent's economy is suffocating under excessive regulation and weak leadership.

Evening Standard

Shrinking economy takes toll on FTSE 100 amid ‘unsurprising surprise’

The index dipped after a promising start amid poor growth figures and US tech concerns.

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