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The Latest Breaking News from Economy

Fed Chair Powell's refusal to resign if asked could set up Trump's first big fight to reshape the economy

During a news briefing, he was asked if he would resign if Trump demanded it, and Powell simply replied "no."

Fortune

Trump promised voters their incomes and net worth will soar. Economists are not convinced

Voters turned to Trump for a solution after finding themselves unable to afford the necessities for their families in a cost of living crisis

The Independent UK

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs

Exclusive: Warning from a leading trade expert comes as new projections show tariffs imposed by Trump could shrnk the UK economy over the next three years and wipeout growth ahead of the next general election

The Independent UK

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China's Trillion Dollar Stimulus Package Fails To Address Key Debt Problem, Chief Economist Says

The $1.4 trillion package aims to jumpstart the stagnant economy by allowing local governments to reduce their debt load: report

International Business Times

Trump’s tariff threats a ‘clear and present danger’ to Australia, Arthur Sinodinos warns

Former ambassador to US says president-elect’s vow to slap up to 60% tariffs on goods from China would have knock-on effects on Australian economy

The Guardian - AU

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

The Conversation

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

The Guardian - UK

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Fed Cuts Interest Rates To Ease U.S. Economy Pressure

European markets rise after Fed rate cut; Asian markets mixed. Nissan announces layoffs. Fed signals further cuts. Oil prices drop.

Top News

After Trump Win, EU Leaders Tackle 'Urgent' Reform Agenda

Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a blockbuster report, Mario Draghi, ahead of talks Friday with EU leaders in Budapest on tackling the challenge.

International Business Times

'It's The Economy, Stupid': The Main Culprit of the Latino Rightward Shift Was Also Their Top Priority

Trump made historic inroads with Latino voters and the reason is rooted on what the electorate said their top priority was all along— the economy

Latin Times

'Cut energy bills' with green revolution or risk losing next election, Keir Starmer warned

Greg Jackson, chief executive of Octopus Energy, highlighted what has happened to the Democrats in America as showing how vital it is to ensure the drive to net zero in the UK reduces gas and electricity bills

Evening Standard

Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy

With $500bn worth of trade in the crosshairs of Donald Trump’s tariffs, Xi Jinping is preparing for four more years of unpredictability

The Guardian - AU

Difficult 'state of industry' sees another restaurant announce closure

The economy has claimed yet another Canberra culinary scalp.

The Canberra Times

China Poised To Approve More Help For Ailing Economy

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump.

International Business Times

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The Guardian - AU

US election briefing: Democrats pick through defeat with blame falling on Biden and economy

Kamala Harris did not escape blame for the decisive loss to Donald Trump, but a failure to distance herself from Joe Biden was held up as a cause by some

The Independent UK

Stock market today: Asian shares gain after US Fed cuts interest rates

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

International Business Times

Facing Trump's Return, EU Confronts Economic Challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

Radio France Internationale

Facing Trump's return, EU confronts economic challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

Get all your
news in one place.

100’s of premium titles.
One news app.

AAP

Australian bourse gets a boost after offshore rate cuts

The Australian bourse has risen after two central banks cut interest rates and investors expressed hope China will announce measures to boost its economy.

The Independent UK

China to unveil much-anticipated economic stimulus package

China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its legislature on Friday

International Business Times

Jerome Powell Insists Trump Victory Won't Impact Fed's Decision-making

According to Jerome Powell, chair of the Federal Reserve, Donald Trump's election victory will not effect monetary policy actions.

The Independent UK

I reported from across Pennsylvania through the election. The key to Trump’s victory was staring us right in the face

ANALYSIS: Harris’s loss was the culmination of the Democratic Party’s years-long drift away from working-class voters in Pennsylvania, writes Richard Hall

Kiplinger

Fed Cuts Rates Again: What the Experts Are Saying

The central bank continued to ease, but a new administration in Washington clouds the outlook for future policy moves.

The Independent UK

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week

Top News

Federal Reserve Considers Impact Of Trump's Policies On Economy

Federal Reserve officials maintain neutrality on political events' economic impact but consider policies' influence.

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