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The Latest Breaking News from Economy

The economic pros and cons of building more and more data centres in the UK

About 100 new data centres, the large anonymous-looking buildings containing the complex computer systems which power the online world, are to be built in the UK. Vital for all of your digital needs – from Netflix and banking, to AI and social media – they are the heart of the…

The Conversation

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

Euronews

Enslaved Africans, an uprising and an ancient farming system in Iraq: study sheds light on timelines

Written accounts tell the story of the Zanj rebellion – a slave revolt that took place in the late 9th century in southern Iraq. Some of the rebels were enslaved Africans working in various sectors of the local economy.

The Conversation

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The real problem gripping rural America and the jobs of the future

America isn’t short on jobs—it’s short on workers. As AI reshapes the economy, the Great American Worker must become an AI-enabled superworker.

Fortune

5 Toxic Money Lies That Keep You Broke, According to Rachel Cruze

Think you're stuck financially? Discover five toxic money myths that can block wealth -- and some smart financial moves to finally change your money story.

GOBankingRates

China is expanding into digital currencies, hoping to promote use of its 'people's money'

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy

The Independent UK

‘The roof over my head’: Ashley St. Clair credits Elon Musk parenting feud for pushing her into podcasting

The economy can't be that bad.

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Why Brenda Greathouse Believes Social Skills and Lifelong Learning Are the Keys to Thriving in the AI Era

Greathouse has spent decades navigating shifts in work and culture, from the information technology boom to today's AI-driven economy.

International Business Times

How Labour can build a stronger British economy

Letters: Rachel Reeves should shift her focus from global financiers to UK savers, says Colin Hines. Plus letters from Prof Stephen Barber, Dr Michael Symonds, Hugh D Bryant and Keith Eves

The Guardian - UK

Instead of ‘winners and losers’, why not build an economy that’s good for all Australians?

When it comes to policy decisions, too many are too quick to focus on what’s in it for them, instead of what is best for society as a whole

The Guardian - AU

How do we decide if a tax is good or bad? And which ones are ‘damaging’ Australia’s economy?

Experts say stamp duties and income taxes have a much higher burden than more efficient policies, such as GST

The Guardian - AU

Play Weakness in Australia’s Economy with Today’s Top Commodity Trade

December Australian dollar futures present a selling opportunity on more price weakness.

Barchart

Trump ‘prepared to crush Russia’s economy if Putin turns down peace talks’

IN FULL

The Independent UK

Trump is ready to ‘crush’ the Russian economy if Putin doesn’t meet with Zelensky, says Lindsey Graham

Republican insists sanctions could become necessary to punish Kremlin leader for snubbing diplomatic discussions on ending Ukraine war

The Independent UK

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Reason

Tariffs Begin Taking a Bite out of the Economy

Tariffs are taxes, and we pay the price.

International Business Times

Asian Markets Waver As Japan Exports Show Tariff Strain

Asian markets were mixed Wednesday in the face of worrying signs for Japanese exports, as investors await signals from US policymakers of an interest rate cut in the world's largest economy.

International Business Times

Asian Markets Dip After US Tech Slide

Asian markets mostly fell Wednesday morning, mirroring a rout of US tech titans the previous day as investors await signals of an interest rate cut in the world's largest economy.

Fortune

Home Depot says tariff price increases are coming and customers are putting off larger home-improvement projects as worries about the economy fester

Consumers are hesitant to take out loans for bigger projects, said Home Depot’s CFO.

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The Independent UK

Why Shake Shack, Sweetgreen and Cava are flashing warning lights for the US economy

Casual food businesses reliant on coastal cities could be first to be hit by consequences of Donald Trump’s aggressive policies on international trade and immigration

GOBankingRates

10 Cheapest States To Buy and Own a Home (Even in This Economy)

Looking to buy a home without breaking the bank? These 10 states offer the lowest costs for homeownership—even in today’s challenging economy.

Saving Advice

Economic Iceberg Hides Tariff Risk To Consumers

The U.S. economy may appear steady on the surface, with consumer spending strong and the stock market charging ahead. Yet beneath that optimism lurks a...

Clever Dude

What’s Driving the Surge in Men Buying Used Trucks Instead of New Ones?

Used trucks have become the go-to choice for many men across the country, and the reasons are more practical than you might think. The surge in men buying used trucks instead of new ones is reshaping both the automotive and financial landscapes. With new truck prices soaring and the economy…

Fortune

The 'shadow AI economy' is booming: Workers at 90% of companies say they use chatbots, but most of them are hiding it from IT

“This ‘shadow AI’ often delivers better ROI than formal initiatives and reveals what actually works for bridging the divide,” MIT’s Project NANDA found.

Evening Standard

UK economy bigger than previously estimated by end of 2023 – ONS

The ONS said revised data showed that the economy was 2.2% bigger than its peak shortly before the coronavirus pandemic.

The Conversation

With just ‘three days to inform the next three budgets’, here’s how Chalmers’ roundtable kicked off

After weeks of build up, Treasurer Jim Chalmers has set out his objectives for the government’s three-day economic reform roundtable, which kicked off on Tuesday.

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