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The Latest Breaking News from Economy

A Solid Economy Is Creating a Buying Opportunity in September Australian Dollar Futures

Trends in currency markets tend to be stronger and longer-lasting.

Barchart

New German Finance Minister Says 'No Time To Lose'

Germany's new Finance Minister Lars Klingbeil said Wednesday there was "no time to lose" to jump-start Europe's beleaguered top economy, even as hardline US trade policies complicate his task.

International Business Times

Reform’s green energy assault in Lincolnshire ‘puts 12,200 jobs at risk’

Party intends to block projects despite net zero industries contributing nearly £1bn to local economy, analysis shows

The Guardian - UK

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read the most diverse news in one place.

Indonesia’s ‘thousand friends, zero enemies’ approach sees President Subianto courting China and US

For much of April and into May, a team of negotiators from Indonesia have been in Washington to discuss trading relations between the world’s largest economy and another forecast to be in the Top 5 within a generation.

The Conversation

Merz's stumble jeopardises hopes of rebooting sluggish German economy

Friedrich Merz's failure to secure the title of chancellor in the first round of voting has created doubt over the future effectiveness of his government.

Euronews

China to cut interest rates in response to trade war with US

Half-point cut to be made to banks’ reserve requirement ratio and 1tn yuan released into banking system

The Guardian - UK

'Historic mistake': Von der Leyen rules out return to Russian fuels after the war

"Dependency on Russia is not only bad for our security, but also for our economy," Ursula von der Leyen told the European Parliament.

Euronews

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China launches measures to boost economy while planning US trade talks

At the moment, US tariffs against China are up to 145%, whereas China has imposed levies of up to 125% on imports from the US.

Euronews

Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves

Shares have advanced in Asia after the U.S. and China said they are planning trade talks in Switzerland later this week

The Independent UK

Labor says its second term will be about productivity reform. These ideas could help shift the dial

In his victory speech, Prime Minister Anthony Albanese highlighted social policy as a major factor in Labor’s electoral success, particularly Medicare, housing and cost of living relief. He was justified in doing so.

The Conversation

Ukraine’s economy has greater staying power than Russia’s, but the US mineral deal shows how fragile its advantage is

Kyiv still relies heavily on foreign support for its war effort, and it has agreed to difficult terms to keep the US on side, says academic Luke Cooper

The Guardian - UK

China Eases Monetary Policy To Boost Ailing Economy

China on Wednesday eased key monetary policy tools in a bid to boost its ailing economy as it struggles with the effects of weak consumption and the trade war with the United States.

International Business Times

China's central bank cuts key interest rate as US tariffs threaten economy

China’s central bank has cut a key interest rate as U.S. tariffs threaten the economy

The Independent UK

Starmer in 'two-tier taxes' storm as Indian workers exempt from NI under 'landmark' trade deal

PM faces backlash after it emerges workers coming to the UK and their employers have been granted major tax exemption as part of free trade deal

Evening Standard

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Evening Standard

Tariff cuts and tax exemptions for some workers agreed in UK-India trade deal

Ministers say the long-coveted agreement will add £4.8 billion a year to the economy by 2040.

The Guardian - UK

How would Donald Trump’s tariffs on foreign films affect the UK industry?

The US president has said he intends to impose a 100% tariff on all movies ‘produced in Foreign Lands’

Fortune

RSM chief economist: 'Recession will start on the docks of Los Angeles'

“The price of those policies will be first paid at the ports and then spread to the rest of the economy,” RSM’s Joseph Brusuelas wrote, referring to the president’s tariff and trade policies.

The Guardian - US

Jon Stewart on Trump ignoring the constitution: ‘It’s not optional’

Late-night hosts discuss the president’s unusual take on his oath of office and blaming Biden for economy’s ‘bad parts’

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news in one place.

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International Business Times

No Signs Of US Recession, Treasury Secretary Says

There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday.

The Independent UK

Starmer rejects Welsh leader’s call to ‘rethink’ winter fuel policy

Prime Minister Sir Keir Starmer said ‘we had to stabilise the economy’ as he defended the actions taken by his Government.

The Guardian - UK

UK and India agree ‘landmark’ trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040

The Independent UK

Starmer secures Britain’s biggest post-Brexit trade deal with India in ‘landmark’ agreement

Deal on whisky, gin, cars and cosmetics set to boost economy and cut prices for shoppers – but Indian temporary workers and their employers in the UK get three-year exemption from national insurance contributions

The Conversation

How a community-focused vision for net zero can revive local economies

Across the world, the transition to a green economy is under threat. Growing antipathy towards the costs of tackling climate change, stoked especially by right-wing populists, undermines ambitions to reach net zero emissions by 2050.

Euronews

German stocks drop as Merz stumbles in historic Bundestag defeat

German stocks fell and bund yields rose after Friedrich Merz failed to secure a Bundestag majority, marking a historic political setback. The DAX dropped 1.5%, with industrial stocks hit amid rising uncertainty over Germany’s economy.

The Independent UK

Asian shares are mostly higher after Wall St breaks its winning streak

Asian shares are mostly higher after stocks closed lower on Wall Street, breaking a nine-day winning streak

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