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The Latest Breaking News from Economy

Pressure on Russia's economy intensifies as full-scale invasion of Ukraine continues

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the economy needs a breather."

Euronews

Pressure On Merz As Trump Tariffs Hit German Economy

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

International Business Times

Germany’s GDP contraction worse than expected after tariff boost

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

Euronews

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German economy shrank by 0.3% in second quarter in worse showing than initially thought

Official data shows the German economy shrank by 0.3% in the second quarter compared with the previous three-month period

The Independent UK

Online Misinformation Seen As 'Major Threat' By 70% Of Americans: Survey

The spread of false information online ranks as a "major threat" to the United States for seven in 10 adults, outstripping concerns about terrorism, the global economy and climate change, according to a new Pew Research Center survey.

Benzinga

Asian Markets Tick Up As Investors Eye Jackson Hole Meeting

Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world's top economy.

International Business Times

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

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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

The real problem gripping rural America and the jobs of the future: A sitdown between Mike Rowe of 'Dirty Jobs' and a top labor analytics CEO

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.

We Got This Covered

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

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The Guardian - UK

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 - AU

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

Barchart

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

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

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The Independent UK

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

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.

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

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