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The Latest Breaking News from Economy

China's Consumption Slide Deepens As Tariff War Bites

China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.

International Business Times

‘Fighting with nature’: Iceland’s Grindavík play again after 18-month seismic gap

The town was ripped apart and the economy decimated. But now the football club will make an emotional return

The Guardian - UK

Giving weight loss jabs could bolster UK economy by £4.5bn a year, study says

Providing semaglutide for all those eligible may bring productivity gains as people are able to work more

The Guardian - UK

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Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate

The Independent UK

‘Look forward, not back’: UK keen for closer trade ties with EU, says Starmer

Exclusive: PM says he has ambitious plans for partnership and argues Britons have moved on from Brexit

The Guardian - UK

Voices: If the UK is to grow, Labour must look towards the real trade prize

COMMENT : An agreement with the US, which leaves its 10 per cent tariffs in place, would be eclipsed by a deal that lowered the trade barriers between the UK and the EU, writes James Moore

The Independent UK

Tariffs not causing ‘dramatic’ shift in UK economy, Bank chief economist says

Huw Pill’s remarks come a day after the Bank cut interest rates to 4.25% and lowered its outlook for UK economic growth next year.

Evening Standard

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How William Howard Taft’s approach to government efficiency differed from Elon Musk’s slash-and-burn tactics

For four months, the world’s richest man has played an unprecedented role in U.S. government. At the start of his 2025 term, President Donald Trump asked Elon Musk to cut government “waste and fraud.” That translated into the Musk-driven firing of 121,000 federal workers, essentially closing entire government programs and…

The Conversation

Why is Trump so fixated on toys for little girls?

Asked about his tariffs’ impact, the president has repeatedly pointed to dolls – because they’re seen as feminine, childlike and frivolous

The Guardian - US

US trade deal a ‘political win’ but will do little for UK growth, say experts

Sir Keir Starmer said the trade agreement struck on Thursday is a ‘historic’ deal, but economists played down the benefits for the economy at large.

The Independent UK

New digital borders are shaking up your company’s tech stack. Here’s how to adapt

The fracturing of the digital space represents a serious threat to multinational companies.

Fortune

Bank of England governor urges UK to rebuild EU trade ties as key summit looms

After US talks, Andrew Bailey says Britain must do everything it can to improve trading relations with bloc

The Guardian - UK

Crypto Casinos Surge to $81 Billion in 2024 Amid Global Scrutiny

One corner of the digital economy that hasn't let up in a year filled with volatility and regulation has been crypto casinos. These blockchain-based betting sites raked in a staggering $81.4 billion in gross gaming revenue (GGR) in 2024 alone, as stated in a study by Yield Sec. This was…

inkl

Friday briefing: A big, beautiful trade deal – or a mugging from the school bully?

In today’s newsletter: There’s comfort for the UK’s steel and auto industries but still tariffs to pay as the results of Starmer’s charm offensive on Trump are revealed

The Guardian - UK

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The Independent UK

Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street

Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains

The Guardian - AU

‘Hollowing out’: New Zealand grapples with an uncertain future as record numbers leave

Surge of departures – mostly fleeing a weak economy – fuels concern over the longer-term impact on the country as some small towns scramble for survival

PC Gamer

How do you get fresh blood in a 22-year-old, infamously impenetrable MMO? EVE Online hopes it's a 'player-created gig economy' that has veterans making missions for newbies: 'We're 100% sure that you will do a better job'

Space spreadsheets, meet space gig economy.

Fortune

Trump calls Fed Chairman Powell a 'fool' but despite relentless attacks, he may be keeping him around for one key reason

Trump previously said he could remove Powell “real fast,” but has since backed down.

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news in one place.

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The Guardian - UK

Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation

There will be relief for UK carmakers but not much else to celebrate: Trump’s whims still hang over the UK – and the world – economy, says Guardian columnist Gaby Hinsliff

The Guardian - UK

New UK-US trade deal is a relief for Starmer but doubts, and tariffs, remain

The deal definitely puts the UK in a better position, but its impact on the wider economy might be limited

Newsroom.co.nz

Nervous calm for world economy

April’s tariff chaos gives way to nervous calm. The trade war impacts on NZ are still unclear, so there is a high chance we will pull back 2026 growth forecasts. That said, we're still seeing enough economic supports to sustain momentum this year

The Independent UK

Trump and Starmer agree historic UK-US trade deal with tariffs slashed for Britain

Labour prime minister and US president hail agreement signed in the wake of ‘Liberation Day’ tariffs that threw the global economy into crisis

Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

MarketBeat

Uber’s Earnings Offer Clues on the Stock and Broader Economy

Uber just released its latest quarterly earnigns results, showing investors why the ceiling might be higher for this value compounded stock.

Fortune

It's the norm for the Fed chairman and U.S. president to have a meeting—Powell says he's never asked for a sit-down and 'never will'

Jerome Powell has fought hard to keep the Fed out of political narratives, and said he would never request a meeting with President Trump.

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