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The Latest Breaking News from Economy

How Much Richer Is Trump Than the Entire Population of Texas?

While a majority of Texans seem to find their political beliefs in alignment with Trump's, are he and Texas' economy equals?

GOBankingRates

US Economy Roars Back With 3.3% Growth, Shrugging Off Trump Tariffs

The U.S. economy returned to form in the second quarter, growing at a 3.3% annualized pace —a sharp turnaround from the sluggish first quarter, which saw a 0.5% contraction as businesses scrambled to navigate the return of tariffs under President Donald Trump.

Benzinga

US applications for jobless benefits fell last week as layoffs remain low

Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed

The Independent UK

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US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth

The U.S. economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump’s trade wars

The Independent UK

Silver Boom Drives Investor Intrigue Toward Sprott Silver Miners & Physical Silver ETF

Amid rising uncertainties for the global economy — as well as lingering geopolitical tensions and flashpoints — it's no surprise that gold has witnessed a record-breaking spike in market value. Still, those interested in precious metals may consider a similarly in-demand asset: silver. Billed as both a store of value…

Benzinga

Nigeria bans exports of raw shea nuts used for cosmetic products to help grow local economy

The Nigerian government has announced a six-month ban on the export of raw shea nuts, an essential raw material for making cosmetic products

The Independent UK

West End businesses hit by record losses from 'tourist tax' fallout

Restoring VAT free shopping for foreign tourists could deliver a £3.7 billion boost to the UK economy

Evening Standard

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Swiss Economy Set To Slow Due To US Tariffs

The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.

International Business Times

Lidl’s £435 million ‘vote of confidence’ in UK economy

IN FULL

The Independent UK

Why Are Companies Pulling Out Of Austin Airports? Delta Airlines Cancelling Flights Is Latest To Abandon US City

Delta ends Austin-Midland route in Nov 2025, joining American in slashing flights as demand dips, impacting travelers and Austin's economy.

International Business Times UK

I Asked ChatGPT To Debunk One Common Myth About Trump’s Economy: Here’s What It Said

ChatGPT elaborates on the Trump tax cut myth, revealing they don’t pay for themselves and could add $2.8T to the deficit, per multiple data sources.

GOBankingRates

Unlike 2008, When Jobs Returned As The Economy Improved, AI Could Replace Them For Good. What's The Plan Then?

As one Redditor put it in a thread on r/Layoffs, during the 2008 financial crisis, people who lost jobs held onto one hope: things would bounce back when the economy improved. Now, with companies laying off workers during record-breaking profits and using AI to replace them, they’re asking: what happens…

Benzinga

Getting rid of fossil fuels is really hard – and we’re not making much progress

If miners, the media, policymakers and renewable energy companies are to be believed, Australia is in the midst of a green energy transition aimed at preventing the worst effects of climate change.

The Conversation

This ‘economic sugar high’ won’t last, CRFB warns, touting analysis predicting long-term stagnation and $600 billion in annual borrowing through 2028

“An economic sugar high doesn’t mean sustained growth,” says the Committee for a Responsible Federal Budget. This happened in 2017, too, it notes.

Fortune

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The Guardian - UK

France on the brink: how a budget deficit became a political crisis

With the government facing defeat in a confidence vote, the nation’s economic problems will still need to tackled

The Conversation

How to harness the ocean for prosperity: funding African innovations can unlock the blue economy

Africa has an enormous ocean area at its disposal. There are almost 20 million square kilometres of ocean, seas and inland water that could be developed into environmentally sustainable blue economies. The G20 group of 19 of the world’s largest economies and the African Union also view the blue economy…

The Conversation

Why personal finance is harder when you’re a migrant

Skilled migrants play an important role in the UK economy. But while the UK celebrates the skills they bring, it doesn’t always make it easy for them to thrive financially.

Evening Standard

Forbes says GDP figures ‘encouraging’, despite slower growth than UK overall

Scotland’s economy grew by 0.2% in the second quarter of the year – below the 0.3% rise seen across the UK as a whole.

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Over a Third of Americans Are Spending More Due to Stress About the Economy: 5 Ways You Can Avoid It

Over 1 in 3 Americans are overspending due to economic stress. Learn 5 smart ways to avoid emotional spending and protect your financial health.

Evening Standard

Building housing Prince Charles Cinema to be turned into capsule hostel amid campaign to save it

Architects behind the plan said the hostel would bring a ‘significant boost’ to the local economy around Leicester Square

Newslaundry

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

The Guardian - US

Trump tariffs are reshaping old alliances as the global south plots its own path

Countries from Brazil to India – hit by 50% tariffs from Wednesday – are exploring collective resistance as Trump uses trade to assert political and economic power

The Conversation

In a post-truth world, what happens if we can’t trust US economic data any more?

We may already live in the post-truth world, but are we about to enter the era of post-truth statistics?

Top News

US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

Fortune

The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns

“The U.S. is moving away from free markets, limited government, and the rule of law at an astonishing pace,” the investment bank says.

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