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The Latest Breaking News from Economy

Economic Concerns from Tariffs Undercut the Dollar

The dollar index (DXY00 ) Thursday fell by -0.21% and posted a 4-month low. The dollar is under pressure because of the negative impact of US tariffs on the US economy. Also, the euro’s strength weighed on the dollar after EUR/USD Thursday jumped to a 4-month high when the ECB...

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Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

The Independent UK

Dollar Extends This Week’s Losses as the Euro and Yen Advance

The dollar index (DXY00 ) today is down by -0.44%. The dollar extended this week’s slide to a 4-month low. The dollar is under pressure because of the negative impact of US tariffs on the US economy. Also, the strength of the euro weighed on the dollar after EUR/USD today...

Barchart

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China slams US tariffs, says its economy is resilient but there are no winners in a trade war

China's commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war."

The Independent UK

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going

The Independent UK

‘Cool head’: How Mexico’s Claudia Sheinbaum got Trump to halt some tariffs

Unlike Canada’s Trudeau, Sheinbaum has been more diplomatic while insisting on protecting Mexican interests. Here’s why.

Al Jazeera

The stagflation nightmare of the 1970’s could rear its ugly head again to take a toll on Americans’ wallets and livelihoods

The combination of slow growth and high inflation is now a possibility, say experts.

Fortune

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Trump blames workers for economic chaos

When Grandma's Social Security check goes missing, Trump and Musk plan to call her a "fraud"

Salon

Chinese Economy Faces Rising International 'Uncertainty', Official Says

China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top official said on Thursday, as Beijing vowed to boost spending and cut rates to lift flagging growth.

International Business Times

European Central Bank cuts interest rates again, by quarter point – as it happened

Central bank lowers growth projections as it warns trade war fears are hurting Europe

The Guardian - UK

Stock market today: Asian shares rebound after Trump pullback on some tariffs cheers investors

Asian shares are mostly higher, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs

The Independent UK

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

AAP

Dollar Falls on Fears of Hit to US Economy from Tariffs

The dollar index (DXY00 ) Wednesday fell by -1.38% and posted a 3-3/4 month low. The dollar was undercut by concern about the negative impact of US tariffs on the US economy. Also, strength in the euro weighed on the dollar after EUR/USD Wednesday jumped to a 3-3/4 month high....

Barchart

Trump Tariffs Reverberate Through Mexico's Industrial Belt

For decades, Mexico's industrial borderlands boomed thanks to growing trade with the world's largest economy next door.

International Business Times

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The Guardian - AU

The Reserve Bank should be looking at these numbers and wondering why it waited until February to act

Yes, the worst may be behind us, but GDP figures provide little sense of an economy powering ahead at full steam

The Guardian - UK

Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank

Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies

The Independent UK

Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

The Independent UK

Germany to ease government debt limits in major step aimed at boosting economy, defense spending

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure

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Dollar Retreats on Growth Risk From US Tariffs

The dollar index (DXY00 ) today is down by -1.13% and tumbled to a 3-3/4 month low. Concern about the negative impact of US tariffs on the US economy is undercutting the dollar. Also, strength in the euro weighed on the dollar after EUR/USD today jumped to a 3-3/4 month...

The Guardian - UK

European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs

TechRadar

Microsoft - UK can help drive the global AI future, but only with the proper buy-in

AI has the potential to drive the UK’s economy for many years to come, Microsoft says.

Fortune

'Germany is back': Country agrees bumper $1.3 trillion spending package to revive economy

Germany's coalition agreed a landmark deal to exempt defense spending from its harsh debt brakes, in addition to unveiling a $535 billion infrastructure pledge.

Reason

DOGE and Congress Should Take a Chainsaw to Corporate Welfare

Handouts to corporations distort the market, breed corruption, and politicize the economy.

The Conversation

Australians generate mountains of waste, and we need more help to recycle and reuse it

Australians largely support transforming the economy to increase recycling, repurpose products and reduce waste, according to a new report from the Productivity Commission, but they are being impeded by inconsistent regulations.

The Independent UK

Elissa Slotkin focuses on economy and national security in Democratic rebuttal to Trump address

‘I'm thankful it was Reagan and not Trump in office in the 1980s. Trump would have lost us the Cold War,’ says Michigan senator

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