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The Latest Breaking News from Economy

Mining export slump puts federal budget in the doldrums

Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.

AAP

Australian mining exports could plunge $100bn over four years due to China slowdown, budget update suggests

Company tax receipts to be revised downwards for the first time since 2020, mid-year budget update reveals

The Guardian - AU

I drove the Volkswagen Jetta GLI Autobhan for a week — and it might make you forget about EVs

After driving a 2025 Volkswagen Jetta GLI Autobhan for a week, it's one of the few all-gas powered vehicles I'd recommend.

Tom’s Guide

From analysis to the latest developments in health,
read the most diverse news in one place.

Starmer’s government hails joining CPTPP – two years after he said impact would be ‘very small’

Sir Keir’s business secretary said the agreement would ‘boost trade and create opportunities for UK companies abroad’

The Independent UK

UK retailers accused of recruiting young shop workers without rights over Christmas

Lush and Gymshark among chains using apps promoted by TikTok influencers to take on gig economy assistants lacking basic protections, say unions

The Guardian - UK

Rare Foreign-born CEO Says Japan Needs Immigration To Thrive

The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years.

International Business Times

Jim Chalmers says Coalition’s nuclear plan represents $4tn hit to economy by 2050

Federal treasurer also reveals mid-year budget update out this week will show bigger deficits than May papers

The Guardian - AU

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Taiwan Prepares For Uncertain Future Under Trump's Second Term

Taiwan navigates uncertainties in US relations under Trump's second term, focusing on defense, economy, and semiconductor industry challenges.

Top News

UK becomes first European nation to join CPTPP trade bloc

Britain will become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday.

The Independent UK

‘Very small’ Brexit trade deal with Pacific no match for EU, Starmer told

Britain is to officially join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

The Independent UK

Fed officials advocate for 'caution' and slower rate cuts next year as Trump prepares to take office

Experts say Trump’s potential policies, including his tariff proposals, could do much to impact the economy and the Fed’s trajectory.

Fortune

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

Evening Standard

Labour 'failing on own terms' as UK economy shrinks for second month running

LABOUR have been accused of “failing on their own terms” after new figures showed the UK economy shrinking for the second consecutive month –…

The National (Scotland)

This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism

The Guardian - US

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Radio France Internationale

Young Nigerian entrepreneurs seek to reshape relationship with France

During Nigerian President Bola Tinubu’s visit to France in November, he brought a delegation of young leaders to strengthen ties and attract investment in Africa’s largest economy. RFI caught up with some of them.

The Independent UK

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Economists are concerned about a longer decline in economic activity, but a shrinking manufacturing industry should be cause for more concern

The National (Scotland)

Labour Government sparking 'doom loop' for UK economy, expert warns

A “DOOM loop” sparked by the Labour Government’s ongoing failure to deliver on its headline pledge of growth is hitting the UK economy ...

Evening Standard

OPINION - Rachel Reeves' terrible stewardship of the economy means Labour need quick wins right now

For the first time today Rachel Reeves “owned” yet another worryingly below par set of economic figures.

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news in one place.

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Latin Times

Markets Retreat As China Pledges Fail To Spark Excitement

Hong Kong and Shanghai both tumbled as investors shrugged at Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy.

MarketBeat

3 Small-Cap Stocks With Big Growth Potential

Small-cap companies may give investors more targeted exposure to the U.S. economy; these companies are three leaders in the space.

International Business Times

German Central Bank Cuts Growth Forecasts As Headwinds Intensify

Germany's central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe's biggest economy as it battles multiple headwinds.

Top News

China's Economic Policy Shift To Boost Consumer Spending

Chinese leaders strategize to boost economy through increased spending and looser monetary policies amidst challenges.

Latin Times

Trump's Mass Deportation Plan Threatens US Economy With 7.4% GDP Loss: Report

The report estimated deporting 8.3 million undocumented immigrants could cut the GDP by 7.4% and reduce employment by 7% by 2028.

The Independent UK

China signals it's prepared to double down on support for the economy as Trump tariffs loom

Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy

The Independent UK

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

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