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The Latest Breaking News from International Monetary Fund

Labour’s aid cuts are morally wrong. Here’s why they make no economic sense either

When the US slashed its foreign aid budget a fortnight ago, David Lammy called it a ‘big mistake’. He was right – and it’s a mistake for the UK to do it now, says Guardian columnist Larry Elliott

The Guardian - UK

35 Years Later, A Forgotten Spy Thriller Is Impossible To Find

Do you remember 'Mission: Impossible's' original Final Reckoning? Back in 1990, the IMF gang went out with a whimper. Here's the 'Mission' everyone forgot.

Inverse

Pakistan: Govt employees stage protest against pension reforms in Islamabad

Protesters gathered at Secretariat Chowk and blocked both entrances to the government secretariat. Read further on Dynamite News:

Dynamite News

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read the most diverse news in one place.

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

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

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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

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

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Evening Standard

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

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

International Business Times

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."

The Guardian - UK

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

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.

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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 Forecasts Global Economic Growth Amid Uncertainty

IMF's World Economic Outlook report projects global growth at 3.3% for 2025-2026, citing challenges like COVID-19 impacts and geopolitical tensions.

Barchart

Dollar Rebounds on US Economic Strength

The dollar index (DXY00 ) Friday rose by +0.37%. The dollar on Friday recovered from early losses and posted moderate gains. Friday’s better-than-expected US economic news on Dec housing starts and Dec manufacturing production were bullish for the dollar. Also, Friday's action by the IMF to raise its 2025 US...

The Independent UK

Will Europe’s fastest growth rate be enough to fix Britain’s finances?

Rachel Reeves has her work cut out as the UK continues to suffer from a long period of low growth, writes Howard Mustoe

AAP

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

Barchart

Stocks Rally on US Economic Strength and US-China Trade Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +1.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.56%. March E-mini S&P futures (ESH25 ) are up +1.05%, and March E-mini Nasdaq futures...

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