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The Latest Breaking News from Economy

A global rise of 4C could shrink the world’s economy by 40%

Global economy could shrink 40% if planet warms by 4C, new study says

The Independent UK

Global economy could shrink 40% if planet warms by 4C, new study says

New modelling finds global economic losses could be four times higher than previously thought under 4C warming scenario

The Independent UK

Wednesday briefing: What the latest wave of tariffs mean for the US, UK, Europe – and you

In today’s newsletter: The administration’s sweeping tariffs have left markets bracing for volatility – but what impact will they have on an unsteady global economy?

The Guardian - UK

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Impact of tariffs laid bare on eve of ‘significant day in history of the world’

Ireland and European leaders are braced for US President Donald Trump’s ‘Liberation Day’ for the US economy.

The Independent UK

Ireland must not repeat austerity mistakes after US tariffs, opposition TDs say

Social Democrat TD Rory Hearne said the Government needed to continue to invest in social and affordable housing.

Evening Standard

Zimbabwe’s economy crashed – so how do citizens still cling to myths of urban and economic success?

It is common for nations to have myths, or narratives, that form the basis of their nationalism, or their ideas of themselves as a political community. Such popular narratives are often rooted in a romanticised or idealised view of the past. This is certainly the case in Zimbabwe, where national…

The Conversation

Nigeria’s illegal gold trade – elites and bandits are working together

Illegal mining activities in Nigeria are devastating the country’s economy, as well as fuelling violence.

The Conversation

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Trump tariffs will damage UK economy, Reeves tells Cabinet

Rachel Reeves and Sir Keir Starmer discussed the looming tariffs at Tuesday’s Cabinet meeting.

Evening Standard

UK economy to suffer ‘negative spillovers’ even if US trade deal struck

Trump tariffs latest: UK economy to suffer even if new US trade deal struck, grim new forecast warns

The Independent UK

Ukrainian women take on new roles as men are drafted to war

Women were mostly employed in education and health care. Now there's demand in the industrial and military areas

The Independent UK

BOJ survey says big manufacturers are gloomier as Trump tariffs loom

Japan is home to major auto and electronics firms, whose exports to the US are a major driver for the Japanese economy.

Euronews

Global warming of more than 3°C this century may wipe 40% off the world’s economy, new analysis reveals

The damage climate change will inflict on the world’s economy is likely to have been massively underestimated, according to new research by my colleagues and I which accounts for the full global reach of extreme weather and its aftermath.

The Conversation

Keir Starmer taking voters for 'April Fools' as bills soar, say SNP

VOTERS are being “taken for an April Fool” by Prime Minister Keir Starmer as household bills soar, the SNP have said.

The National (Scotland)

New laws to require firms to boost cyber security defences

Ministers have set out the first proposals for the Cyber Security and Resilience Bill, which is due to be introduced to Parliament later this year.

The Independent UK

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Fortune

Trump is knowingly steering the economy off the cliff with tariffs

The problem is not tariffs—the problem is Donald Trump.

International Business Times

Canada Candidates Promise Less Reliance On US A Month Before Vote

A month before Canadians vote in an election dominated by threats from US President Donald Trump, leading candidates pledged Monday to build an economy that can thrive independent of its southern neighbor.

Fortune

BlackRock CEO Larry Fink says almost everyone he talks to is ‘more anxious about the economy than any time in recent memory’

Fink’s letter comes as Wall Street recession odds spike over concerns of looming tariffs.

Fortune

Gen Z Americans say the clothes in stores are a bad omen that we’re going into a recession

Gen Z and young millennials warn “District 12”-style clothing is a sign of tough times ahead, as recession looms at 40% probability.

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Barchart

Stocks Slump on Fears Tariffs Will Derail the Economy

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.53%. June E-mini S&P futures (ESM25 ) are down -0.64%, and June E-mini Nasdaq futures...

MarketBeat

3 Stocks Near 52-Week Lows With Strong Rebound Potential

Three big comapnies in the United States economy have just fallen to levels near their 52-week lows, making them asymmetric bets for buyers.

The Guardian - UK

Will bills continue to rise and what does it mean for Labour?

February’s dip in inflation was only a blip – the pain for consumers and the UK economy is poised to continue

Fortune

Goldman Sachs now sees much higher odds of economy shrinking, hiking probability of a U.S. recession to 35%

Goldman believes the tax-like impact on real disposable income and consumer spending from Trump's tariff policies will hurt U.S. growth prospects.

Evening Standard

EU response to tariffs will be ‘strategic’ to avoid more damage – Irish premier

Micheal Martin also said he wants to see a ‘landing zone’ agreed to enable companies and the economy to ‘enjoy a bit of stability’.

Radio France Internationale

US revokes French oil company's licence in Venezuela

French oil company Maurel & Prom has had its licence to operate in Venezuela revoked by the United States as part of the its attempt to cripple Venezuela’s economy and put pressure on leader Nicolas Maduro.

Barchart

Stocks Set to Open Sharply Lower as Tariff Worries Sour Risk Sentiment, U.S. Jobs Data and Powell’s Remarks Awaited

June S&P 500 E-Mini futures (ESM25) are down -1.01%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.21% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s deadline for a new round of comprehensive global trade tariffs.

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