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The Latest Breaking News from Economy

FTSE 100 Live 15 May: Oil price slide dents index, GDP growth beats hopes

Weaker oil stocks and a mixed set of corporate results today ensured the FTSE 100 index failed to benefit from the UK's move into the fast lane of economic growth.

Evening Standard

UK economy defies gloomy warnings to grow 0.7% in first quarter of year

GDP rise follows stronger levels of business investment as firms rushed to beat Donald Trump’s tariffs

The Guardian - UK

US recession still possible, Jamie Dimon warns, as UK tops G7 growth table – as it happened

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruption

The Guardian - UK

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Post-Covid home working has failed to level up UK economy, study finds

Prevalence of hybrid over fully remote roles dashes hopes of greater geographical spread of talent

The Guardian - UK

Friedrich Merz makes big promises from Ukraine to economy in first government statement to Bundestag

The new German chancellor has pledged to recover Berlin from years of economic stagnation, deliver on “much needed” military development and fulfil NATO defence spending targets.

Euronews

Take on Apple and Google to boost UK economy, think tank says

The Institute for Public Policy Research has said tackling big tech monopolies could help boost the UK economy.

The Independent UK

"Island of Strangers" Warning Sparks Labour Meltdown as Brits Say Immigration Now Top Concern

For the first time since the Brexit vote back in 2016, immigration has officially overtaken the economy as the issue most on the minds of the British public.

The Fashion Central

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I tried out United Airlines’ new Dreamliner seats. These are the biggest changes

United Airlines CEO Scott Kirby says the new ‘Elevated’ interiors put United on the cusp of being ‘the best airline ever’. The Independent’s US Travel Editor Ted Thornhill was on hand to test out the new seat specs for each class — from business to economy

The Independent UK

Trump ally to brief European leaders on sanctions to weaken Russia’s economy

Senator Lindsey Graham to unveil measures if Vladimir Putin fails to negotiate Ukraine future in good faith

The Guardian - UK

GOP Bill Looks To Impose a Tax On Remittances, Potentially Disrupting The Economy Of Several Countries

House Republicans are looking to include a 5% tax on remittances in Trump's priority bill. U.S. citizens would be exempt

Latin Times

Trump marvels at wealth of his Arab hosts while he eyes White House and Air Force One upgrades

Donald Trump is the most powerful and famous person on the planet, and the American president is at the helm of the biggest economy and the strongest military

The Independent UK

UK economy expected to have grown in first months of 2025

Official figures are forecast to show a bounce in the first quarter of the year, before April’s tax rises and Donald Trump’s tariff announcement.

Evening Standard

Fed's Goolsbee says it's 'not realistic' to expect business or central banks to make major decisions

Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring well, Chicago Fed president Austan Goolsbee said.

Fortune

Merz vows to keep the US on board on Ukraine and strengthen Germany's military and economy

New German Chancellor Friedrich Merz says he will work to bring Europe and the U.S. together in their approach to Ukraine

The Independent UK

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International Business Times

Merz Vows To Rev Up German Economic 'Growth Engine'

German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe's biggest economy to transform it once again into a "growth engine" after two years of recession.

The Independent UK

What is Global Airlines? All you need to know about new transatlantic airline before maiden flight to New York

The founder says he is ‘constantly bewildered and disappointed by the poor experiences he has encountered aboard hundreds of commercial flights’

Evening Standard

Tui summer bookings slow as boss warns European economy ‘needs new momentum’

Europe’s largest travel operator said summer sales are 1% down compared with the same point last year, which it partly blamed on a later Easter.

International Business Times

Trump's Approval Rating Climbs On Improving Optimism Over Economy, Immigration, Trade War

President Trump's approval ratings have improved in the last two weeks amid rising hopes for the global trade war to ease, but markets remain unstable as the world watches whether Trump will secure more trade deals.

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The Guardian - AU

After chaos of the Yoon era, South Korea prepares to pick a new president

Koreans hope politics can return to a focus on record high youth unemployment and a cost of living crisis after impeachment drama

The Independent UK

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations

The Independent UK

United Airlines unveils new business-class seat that converts to a double bed — plus upgrades for economy

The new cabins will be fitted to all newly ordered Boeing Dreamliners - and will debut in 2026

The Independent UK

European economist says Russia's economy is strained due to the Ukraine war and sanctions

A leading economist has been telling EU finance ministers that Russia’s economy is under growing strain as its invasion of Ukraine drags on

Evening Standard

Immigrants are not spongers or skivers, says Sadiq Khan, after PM's 'island of strangers' speech

London mayor says of Sir Keir Starmer’s comments: ‘Those aren’t words that I would use’

The Guardian - US

Trump’s Middle East trip isn’t just about diplomacy. It’s about the family business

The Trump Organization has millions in developments in Saudi Arabia, Qatar and the UAE – sites of his first state visit

The Guardian - US

Give birth? In this economy? US women scoff at Trump’s meager ‘baby bonuses’

Trump administration is considering pronatalist policies such as awarding $5,000 for every birth – but women say they want universal healthcare and cheaper childcare

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