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The Latest Breaking News from Economy

The British economy will be profoundly affected by Trump’s trade war

THE INDEPENDENT VIEW: Editorial: The decision to impose 25 per cent tariffs on steel and aluminium may not look relevant to the UK at first glance – but it will lead to mutual impoverishment across the world and a further rise in international tensions

The Independent UK

Starmer urged to spell out plan to fight Trump’s tariff trade war

Trump’s tariffs on steel have provoked panic that his administration could soon go after other products

The Independent UK

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy

The Independent UK

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Trump claims Elon Musk's DOGE 'geniuses' have found 'very fraudulent stuff'

Musk believes some $1 billion per week is being spent on fraudulent Treasury payments, prompting Trump to ask if this could help national debt.

Fortune

Donald Trump says there are no exemptions on 25% aluminum and steel tariffs – as it happened

This live coverage has ended. You can find all of our live US Politics coverage here.

The Guardian - US

A third of nightclubs have shut since the start of the pandemic says report

But openings of competitive socialising venues are booming according to the Night Time Industries Association

Evening Standard

A 'quite shy' CEO steps in to lead one of the Philippines' largest retailers as cooling inflation boosts consumption

Stanley Co, the first CEO from outside the founder's family, is confident that Robinsons Retail can thrive even amid Trump-era uncertainty.

Fortune

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Report shows how Starmer’s Brexit reset can save economic plan but only with EU goodwill

A new report has been published revealing that the UK’s economy could be boosted by 2.2 per cent just by more deeply aligning with the EU

The Independent UK

Bolstering Canada’s right to repair could shield it against U.S. tariffs and trade uncertainty

Canada’s economy has long relied on open trade and cross-border supply chains, but as tariff threats and market protectionism rise from the United States under President Donald Trump, so do Canada’s economic vulnerabilities.

The Conversation

Building Zambian homes with local materials delivers benefits that imports don’t: study

People spend up to 90% of their lives in buildings. How these are designed and built has a profound influence on our economies and how we live and work.

The Conversation

I drove the Toyota Camry hybrid for a week — here’s my pros and cons

The 2025 Toyota Camry XSE AWD is a hybrid car with a combined fuel economy of 44 MPG. I drove it for a week to see if I could get that.

Tom’s Guide

Trump is vowing to tap America’s ‘liquid gold’ oil reserves to make America rich again

Donald Trump used his inauguration speech to pledge America's economy would be boosted by oil reserves. Shareholders in the industry are agnostic to his wishes.

Fortune

Kosovo Votes Amid Tensions With Allies, Serbia

Voters will cast ballots in Kosovo elections Sunday in a contest that pits combative incumbent Prime Minister Albin Kurti's quest to stamp out Serbian influence against a fractured opposition's vow to boost the economy.

International Business Times

‘Dear Emirates, if this is business class – I’ll stay in economy, thanks’

The Man Who Pays His Way: The closest experience I have had to the airline’s premium seating is in a dentist’s chair

The Independent UK

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The Guardian - US

Why does the US have it in for gig workers?

There are 64 million freelancers and there’s no way the IRS or Department of Labor can track them – but they try

International Business Times

A 50-year Crisis -- Ecuador's Next President Faces A Stern Test

In the throes of a bloody drug war, a shrinking economy and an acute energy crisis, Ecuadorans are remarkably optimistic about their country's future as they prepare to vote in Sunday election.

International Business Times

CLS Global's US Compliance Breakthrough: A Regulatory Victory For The Crypto Economy

CLS Global is successfully navigating the changing U.S. crypto scene, by pioneering regulatory compliance measures. This will bridge the gap between institutional investment and the emerging digital currency economy.

Reason

Today's Migrants Are Just like Your Immigrant Great-Grandparents

Nearly 40 percent of Americans have at least one ancestor who entered the U.S. through Ellis Island. However, today's migrants may be shut out and deported, a humanitarian tragedy that would profoundly damage the U.S. economy.

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AAP

Harvest billions evaporate as drought punishes farmers

The worst harvest in 15 years has wiped billions of dollars from one state's economy as farmers grapple with the devastation brought by record low rainfall.

The Independent UK

Voices: Should Rachel Reeves pay for her mishandling of the economy?

COMMENT: Despite her audacious tax raids, an absence of ‘growth, growth, growth’ and, now, the prospect of stagflation, the chancellor cannot be blamed for everything that’s going wrong with Britain’s finances, says Sean O’Grady

The Guardian - US

US economy shows steady job growth in January amid Biden-Trump transition

Labor department data shows 143,000 jobs added with unemployment rate steady at relatively low 4%

International Business Times

US Jobs Report Shows Economy Added 143,000 Jobs In January

A US jobs report for January was released on Friday and showed unemployment dropped to 4%.

International Business Times

Putin Hails Russia's Strong 2024 Economic Growth

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions.

Reason

Washington's Debt Delusion: Economic Growth Cannot Fix the Deficit

Republicans are betting trillions on the hope that the economy will grow fast enough to cover their deficit spree.

Fortune

Cheap coffee and smaller pizzas help Yum China survive an uncertain consumer market

Yum China’s New York–traded shares jumped by 9.1% on Thursday, after the company reported resilient earnings and an expanded dividend.

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