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The Latest Breaking News from International Monetary Fund

Europe is already sabotaging its own economy far more than US tariffs could, former ECB president says

Draghi cited IMF estimates that show Europe’s internal barriers are equivalent to a 45% tariff on manufactured goods and a 110% levy on services.

Fortune

Fact check: Ukraine aid, immigration figures and growth projections

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Trump May Have To Grapple with Returning Inflation

Cutting government spending and calling off the trade war would be steps in the right direction.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

Evening Standard

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

Donald Trump’s war on global governance: lessons from the past on how to fight back

US president Donald Trump’s recent actions seem designed to reassert American power and demonstrate that it is still the dominant global power and is capable of bullying weaker nations into following America’s lead.

The Conversation

Sri Lankan government blames monkey for nationwide power cut

Millions of people on the island nation were left without power

Evening Standard

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US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

The Guardian - UK

El Salvador Walks Back Its Bitcoin Law

But it's also investing more in the cryptocurrency.

Reason

China has a 'trick up its sleeve' to fight Trump's tariff as Beijing keeps response muted for now, former IMF adviser says

"Watch to see how the yuan moves this week."

Fortune

Call center employees in the Philippines aren’t worried about AI: The tech’s 'not quite there yet'

Workers agree AI technology makes them more efficient, but it isn’t ready to replace them.

Fortune

Fact check: New runways, growth projections and Taylor Swift clip

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

IMF Chief Tells Europe To Take Page Out Of US Book

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself."

International Business Times

Davos day four: ‘Too much pessimism’ about European economy, which needs boost of US confidence, WEF hears – as it happened

Rolling coverage of the final day of the World Economic Forum

The Guardian - UK

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International Business Times

Between Laughs And 'Disaster', Trump Divides Davos

As Donald Trump appeared on giant screens at the World Economic Forum in Davos, the world's rich and powerful rapturously applauded and snapped photos of the US leader.

The Guardian - UK

Market turmoil has calmed but Rachel Reeves faces more challenges ahead

Chancellor survives chaos in markets but faces more questions on growth, cuts, public sector pay and fraud

The Guardian - UK

Rollercoaster week for the chancellor ends in relief … and a lesson learned that fortunes can change very fast

Treasury officials claim there was no panic in No 11 before the economic numbers finally turned in their favour

Top News

IMF Forecast: US Economy To Grow At 2.7% In 2025

IMF forecasts US economy to grow at 2.7% in 2025 but warns of risks from deregulation and reduced migration flows.

Barchart

Dollar Weakens on Lower Bond Yields and Stronger Stocks

The dollar index (DXY00 ) today is down by -0.10%. The dollar today gave up an early advance and turned moderately lower after the 10-year T-note yield fell to a 2-week low of 4.566%, weakening the dollar's interest rate differentials. Also, today's stock rally has curbed liquidity demand for the...

International Business Times

IMF Raises Global Growth Outlook And Flags Rising Economic Divergence

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.

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