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The Latest Breaking News from Economy

US GDP shows 3.8% growth in second quarter in dramatic upgrade

Imports fell and consumer spending jumped, resulting in a much better economic performance than previously estimated in the world's biggest economy.

Euronews

Virgin launches ‘neighbour-free seating’ auctions on flights

Prices for the service start at AU$30 (£14)

The Independent UK

The warning signs are clear: We’re heading toward a digital crisis

People’s lives are more enmeshed with digital systems than ever before, increasing users’ vulnerability and insecurity. From data leaks like the 2017 Equifax data breach to the more recent cyberattack on British retailer Marks & Spencer, business operations and data on the internet continue to be vulnerable.

The Conversation

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US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

The U.S. economy expanded at a surprising 3.8% from April through June in a dramatic upgrade of the government's previous estimate of second-quarter growth

The Independent UK

Swiss Central Bank Keeps Zero-rate As Tariffs Take Their Toll

Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy.

International Business Times

The shadow AI economy isn't rebellion, it's an $8.1 billion signal that Fortune 500 CEOs are measuring the wrong things

Here's why 95% of corporate AI initiatives are failing while employees are using it—successfully—in secret.

Fortune

Is Trump right that Russia’s economy is on the brink of collapse?

While VAT is going up to finance the war and fuel is in short supply, few expect Putin to adjust his war plans

The Guardian - UK

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Bernie Sanders Slams 'Collapsing System' As Elon Musk, Jeff Bezos, And Mark Zuckerberg Amass $1.3 Trillion While Americans Struggle To Eat, Pay Rent

Sen. Bernie Sanders (I-Vt.) said the U.S. economy is collapsing for ordinary Americans while the richest 1% continue to amass unprecedented wealth and power.

Benzinga

The next big financial crisis may be brewing. Warning signs are already there

The longer the period between crises, the greater the complacency. That complacency is pushing share prices ever-higher, says Guardian columnist Larry Elliott

The Guardian - UK

First new Qantas Airbus jets come with one toilet for every 90 economy passengers – worse than Jetstar, Scoot and Ryanair

Full service carrier says it will add additional toilets to its first three new Airbus 321XLR models – but they will be in service for three years beforehand

The Guardian - AU

Indigenous Australians are crucial to hitting our 2035 climate targets. That transition has to be fairer

If we act now and move with common purpose, then we can do more than just guard against the very worst. We can protect our environment and build a stronger and fairer economy for the next generation.

The Conversation

Economy and tax worries holding back small business spending, Barclays warns

Business investment refers to spending on assets like buildings, machinery and intellectual property.

The Independent UK

China’s plans to cut emissions too weak to stave off global catastrophe, say experts

The Guardian - UK

Trump's Tariffs Have Already Hurt the Economy—and the Pain Is Only Beginning

The OECD just published its projections for American growth, and they're grim.

Reason

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The Conversation

Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help

President Donald Trump vowed to help out his Argentine counterpart Javier Milei on Sept. 23, 2025, a day after the U.S. administration said “all options” were on the table in regard to a bailout for the Latin American country’s rocky economy.

The Guardian - UK

Boris Johnson says Farage’s stance on Russia is ‘extremely dangerous’

Former PM also brands Reform UK a threat to national security and raises concern about its approach to the economy

Fortune

Sam Altman’s AI empire will devour as much power as New York City and San Diego combined. Experts say it’s ‘scary’

Andrew Chien told Fortune he’s been a computer scientist for 40 years but we’re close to “some seminal moments for how we think about AI and its impact on society.”

Evening Standard

Johnson accuses Farage of ‘extremely dangerous’ stance on Ukraine war

The former Conservative prime minister said he had ‘serious anxieties’ about the insurgent party’s approach to the economy and national security.

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Fortune

'Black Swan' author Nassim Taleb says your city's new bike lane is the reason the economy sucks

"Many are discovering that lifestyle improvements, such as bicycling paths and pedestrian- and cyclist-friendly cities, may not produce economic growth."

Benzinga

The Fed May Cut Less Than You Think, And That Could Hit Stocks Hard: Oxford Economics

In an exclusive interview with Benzinga, John Canavan, lead analyst at Oxford Economics, struck a cautiously optimistic tone on the U.S. economy heading into 2026, but warned that the market's growing obsession with aggressive rate cuts and tech stock dominance may be ignoring some inconvenient truths.

Euronews

China gives up WTO developing-country status as tariff tensions linger

The US has long argued China should give up the developing-country status because it is the world’s second-largest economy.

International Business Times

Germany's Merz Rejects Claims He Is Slowing Green Shift

German Chancellor Friedrich Merz on Wednesday rejected claims his government was undermining the climate change fight, but insisted that industry also needed to be protected to revive the crisis-wracked economy.

The Independent UK

In Uganda, a vibrant tourist economy boosts the conservation of endangered mountain gorillas

In Uganda, the economic benefits of tourism have turned gorilla poachers into conservationists, married women into porters and rangers into spokespeople for the great apes

International Business Times

Iran's Carpet Industry Unravelling Under Sanctions

Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change.

Fortune

Jerome Powell says Gen Z without tech skills are getting crushed in the ’low-hire, low-fire’ job market—and colleges are failing them

While a major economic issue, there’s not much the Fed can do about that, he said.

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