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The Latest Breaking News from Economy

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

The Independent UK

Labour reels from shock 0.1% fall in GDP in October

Rachel Reeves admits that the fall in output in the same month as the Budget is “disappointing”

Evening Standard

UK economy shrinks again in another blow to Reeves, new figures show

The Office for National Statistics (ONS) said output fell by 0.1 per cent in October

The Independent UK

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UK economy unexpectedly declines as services sector stalls

The Office for National Statistics said gross domestic product contracted 0.1% in October.

Evening Standard

FTSE 100 Live 13 December: GDP shows surprise fall, Royal Mail fined £10.5m

Another dip in UK output today added pressure on the Bank of England to consider a back-to-back cut in interest rates.

Evening Standard

UK’s economy shrinks unexpectedly by 0.1% in October

GDP figures underline scale of challenge for Labour to get the economy growing

The Guardian - UK

Japan business survey shows slight improvement in outlook for manufacturers

A quarterly survey by Japan's central bank shows business sentiment among manufacturers has improved slightly, especially in major heavy industries such as automaking, fossil fuels and machinery

The Independent UK

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Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish

The incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy

The Independent UK

Victoria to axe its last EV incentive while increasing levies on property owners

Registration discount for electric vehicles to end as government introduces higher levies to fund emergency services

The Guardian - AU

Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints

Asian shares have tracked Wall Street’s decline in response to potentially discouraging data on the U.S. economy

The Independent UK

Asian Markets Retreat As China Pledges Fail To Spark Excitement

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.

International Business Times

Consumer confidence remains suppressed amid ‘uncharitable view’ of economy

GfK’s long-running Consumer Confidence Index increased by one point to minus 17 in December.

The Independent UK

A sustainable, circular economy could counter Trump’s tariffs while strengthening international trade

In response to United States President-elect Donald Trump’s threats to impose a 25 per cent tariff on Canadian imports and his escalating hostile rhetoric, Canada and its allies must urgently explore new international trade strategies. Trump’s proposed tariffs could reduce trade and hurt the economy if left unchecked.

The Conversation

We have to change our economy if we want to avoid environmental collapse

2024 has been another year when mainstream economics detached itself from the climate reality ...

The National (Scotland)

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The Independent UK

Government to scrap some courses as part of review into post-16 education

Education minister Janet Daby said about 70% of vocational courses that the Conservatives had slated to cut will be kept.

Evening Standard

Government to scrap some T-levels as part of review into post-16 education

Education minister Janet Daby said about 70% of vocational courses that the Conservatives had slated to cut will be kept.

The Independent UK

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago

Salon

Career-connected learning helps economy

It's proving to be a powerful tool for economic development and workforce preparation

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Top News

China Plans Proactive Measures To Boost Economy

Chinese leaders plan to boost economy through fiscal and monetary measures, focusing on consumer spending and long-term growth strategies.

The Independent UK

China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus

Chinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures

International Business Times

Swiss Central Bank Announces Big Rate Cut To Boost Economy

The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe.

Reason

Bidenomics Goes Out With a Whimper

There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.

The Independent UK

Stock market today: Asian shares advance, tracking rally on Wall Street

Shares have advanced in Asia after Wall Street resumed its upward climb as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve

International Business Times

Asian Markets Fluctuate After Wall St Record; Eyes On China

Equities swung in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China's economy.

International Business Times

Amid Weak Eurozone And Political Turmoil, ECB To Cut Rates Again

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

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