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The Latest Breaking News from Economy

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Combatting short-term pressures with a digital circular economy approach

The digital economy and what it shows us about building digital products that can evolve.

TechRadar

South Africa’s honeybush sector must transform from its unjust past: what needs to change

The biodiversity economy is made up of businesses and economic activities that use living species and ecosystems to make profits without damaging the environment. But in South Africa, it is haunted by economic racism, with Indigenous people still not in control of the biodiversity economy. A good example of what’s…

The Conversation

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Dimon backs Fed's 'wait-and-see' rate cut strategy despite Trump’s criticism of 'Too Late Powell'

JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.

Fortune

‘Haunting silence’ as tourists avoid Kashmir amid India-Pakistan tension

The decline of tourists in the scenic Himalayan region of Kashmir has had a ripple effect on the local economy

The Independent UK

UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

April figure more than expected and comes despite increase in employer national insurance contributions

The Guardian - UK

Asian Equities Track Wall St Sell-off As US Deficit Fears Grow

Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.

International Business Times

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James Carville labels charges against Democratic lawmaker over ICE clash a Trump ‘distraction’ from tanking economy

Veteran Democratic strategist says he believes the charges leveled against LaMonica McIver motivated by race

The Independent UK

Prominent Brexiteer declares he is a French farmer as takes sideswipe at EU

A Tory former Cabinet minister presses the Government in Parliament over its ‘reset’ deal with the bloc.

Evening Standard

Republican gains among Latino voters face 2026 test in California - Roll Call

The midterm elections will test the durability of Latino voters' shift toward Donald Trump, especially in several California districts.

Roll Call

Meta’s Mark Zuckerberg Spent Over $60 Billion Quietly Creating a New ‘Massive Economy’ Worth What ‘Could Be Trillions’

Despite Mark Zuckerberg's ambitious 2022 vision of a billion people engaging in commerce within the metaverse by the end of the decade, Meta has made progress but remains far from this goal.

Barchart

You would think after nearly three years of being wrong, the RBA might start to question its economics. But no

Now that inflation is back within the target range, suddenly the RBA has rediscovered that it is supposed to also care about full employment

The Guardian - AU

Starmer indicates partial U-turn over winter fuel payments squeeze

Sir Keir Starmer told MPs he wanted more pensioners to be eligible for the payment after Labour’s decision to means-test it after coming into office.

Evening Standard

Starmer to look at making more pensioners eligible for winter fuel allowance

The Prime Minister has faced pressure to change course over the squeeze on benefits.

Evening Standard

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The Conversation

Politics with Michelle Grattan: Jim Chalmers on keeping Australia out of recession amid the ‘dark shadow’ of global instability

This week, the Reserve Bank delivered welcome news for mortgage holders, with another 25 basis points rate cut.

The Guardian - UK

Keir Starmer confirms U-turn on winter fuel payment cuts

Government to loosen eligibility rules for pensioners in face of backlash against decision to means test benefit

The Independent UK

Keir Starmer: I want to make more pensioners eligible for winter fuel payments

Sir Keir said the Government would act after first needing to ‘stabilise the economy with tough decisions’.

Barchart

Stocks Slip Before the Open as Bond Yields Climb on U.S. Debt Fears, More Retail Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are down -0.70%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.67% this morning as Treasury yields continue to rise on worries about U.S. government debt while U.S. President Donald Trump pushes to advance his tax bill.

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Euronews

Japan shipments to US decline as trade tariffs slow export growth

The world's fourth-largest economy is one of the hardest hit by the US administration's elevated trade tariffs on cars, resulting in Japanese exports slowing in April.

The Independent UK

Germany's economy will stagnate this year as tariffs cast a shadow, advisers say

Germany’s economy will stagnate this year as the country faces headwinds from U.S. President Donald Trump’s tariffs and trade threats

Al Jazeera

Will EU deal make food cheaper, add $12bn to the UK economy?

PM Keir Starmer has heralded a ‘landmark deal’ seeking to reset ties between the United Kingdom and the European Union.

Evening Standard

Wonder wallets: Oasis fans ‘set to spend £1bn on UK reunion tour concerts’

Spending on the Oasis tour is part of a broader shift towards the ‘experience economy’, Barclays said.

Barchart

Stocks Fall on Rising Bond Yields and Concern About Foreign Investment Interest

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. June E-mini S&P futures (ESM25 ) are down -0.44%, and June E-mini Nasdaq futures...

The Conversation

Is Donald Trump doing the world a favour by isolating the United States?

United States President Donald Trump’s tariffs against most of the world tanked stock markets, disrupted the U.S. bond market and destabilized the global economy.

The Independent UK

Reeves ‘considers U-turn’ on winter fuel payment cuts for millions of pensioners

The government has faced mounting calls to reverse the winter fuel cuts

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