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The Latest Breaking News from Economy

Trump's Car Tariffs Could Drive Slovakia Into Russia's Arms

By imposing massive tariffs on foreign-made cars, Trump is punishing key allies, tanking Slovakia’s economy, and undermining U.S. influence in Eastern Europe.

Reason

Sales tax receipts will be closely watched as Texas tracks economic jolt of tariffs

As the Texas House prepares to vote on the budget, officials and other experts monitor national policy and state tax revenue.

The Texas Tribune

Stocks Plunge Before the Open After Tariff Relief Rally, U.S. Inflation Data in Focus

June S&P 500 E-Mini futures (ESM25) are down -2.20%, and June Nasdaq 100 E-Mini futures (NQM25) are down -2.33% this morning, pointing to a sharp pullback on Wall Street after yesterday’s historic rally, while investors brace for the release of crucial U.S. inflation data.

Barchart

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The bond market selloff badly rattled investors. Here's what analysts are saying about this key market and what's to come

When 10-year Treasury yields head in the wrong direction that has major implications for the U.S. economy.

Fortune

Asian markets celebrate Trump’s trade flip-flop, even as he maintains historically high tariffs—and not just on China

It’s not just 125% tariffs against China: There are still 10% tariffs on all U.S. imports, 25% tariffs on imported cars and steel …

Fortune

Trump tariff pause brings relief for global stock markets

Asian and European markets rise amid signs trade war may not be as damaging to global economy as feared

The Guardian - UK

‘We are stepping up,’ UK defence secretary tells ‘coalition of the willing’ for Ukraine – as it happened

John Healey tells meeting of more than 30 countries that coalition is working on ‘putting Ukraine in the strongest possible position’

The Guardian - UK

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'Bucket-list' footy bonanza lines up for $100m goal

A festival of football in Australia's festival state is attracting hundreds of thousands of visitors and delivering a massive boost for the local economy.

AAP

China Consumer Prices Slump For Second Straight Month: Data

Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens.

International Business Times

Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economy

The Guardian - UK

Russian economy grows at slowest pace in 2 years—plunge in oil prices could make things much worse

Oil prices fell to four-year lows as the U.S. and China stepped up their trade war, putting extra pressure on Russia’s key export.

Fortune

Rewire economy to see Scotland become richer and greener, report urges

Economic and environmental groups have said the Scottish Government should transform the country into a circular economy.

Evening Standard

Who Stands In The Crosshairs Of Trump's Tariffs?

With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China.

International Business Times

Is the Economy at Risk of a Recession Because of Tariffs? What the Experts Are Saying

With the stock markets up and down and tariffs on and off everyone including retirees may wonder what it means for the economy. Here's what the experts think.

Kiplinger

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Reason

Argentina Strikes $20 Billion Deal With IMF To Fuel Milei's Reforms

The IMF says the deal builds on "impressive early progress in stabilizing the economy."

The Independent UK

Dave Portnoy says he’d ‘absolutely’ vote for Dems in midterms if Trump continues to rattle economy

‘I’m not some crazy MAGA guy,’ Dave Portny declared on Wednesday

Radio France Internationale

Chancellor-elect Merz outlines new coalition's vision for Germany

Germany's next leader Friedrich Merz vowed Wednesday to "move the country forward again" by boosting the economy and spending on defence as he presented a deal to launch his coalition government by early next month.

Evening Standard

County court delays harming Britain's economy, Justice Minister tells MPs

Sarah Sackman said she would give the county courts a ‘room for improvement’ report card

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The Guardian - AU

Coalition nuclear plan will plough $58bn wrecking ball through renewable energy projects, analysis warns

Going nuclear will cost ‘real dollars for farmers, real dollars for country towns and real blue-collar jobs’, Clean Energy Council says

International Business Times

Germany 'Back On Track' Says Merz, Unveiling New Coalition

Germany's next leader, the conservative Friedrich Merz, vowed Wednesday to "move the country forward again" by boosting the economy and defence as he presented a deal to launch his coalition government by early next month.

Euronews

US stocks surge after Donald Trump announces 90-day pause on tariffs

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%.

International Business Times

US Treasury Chief Defends Tariffs, Warns Against Aligning With China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

The Guardian - AU

Chalmers calls Coalition’s economic plan an ‘ambush’ as Taylor plugs spending cuts in treasurers’ debate

Opposition and Labor offer opposing pitches for economy in treasurers’ debate hosted by Sky News

The Independent UK

What we know about Universal’s first European theme park

Universal’s first European theme park to open in Bedford in £50bn boost for economy

The Conversation

How windfalls from commodity price booms come back to bite exporters

When the wholesale prices of essential goods like food or oil suddenly rise, it can cause deep shifts in the economy that upend trade balances and hike inflation rates. This is known as a commodity price boom.

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