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The Latest Breaking News from Economy

Mexican Economy Shrinks For First Time In Three Years

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

International Business Times

Senate To Vote On Doug Burgum For Interior Department Head

Former North Dakota Governor Doug Burgum's nomination for Interior Department leadership and his focus on national security, economy, and energy production.

Top News

Farmers should grow cannabis to boost income, Tory MP says

Medicinal cannabis was legalised in 2018 by Sir Sajid Javid

The Independent UK

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

Medicinal cannabis sector could boost incomes of British farmers, Tory MP says

David Mundell said the sector could create tens of thousands of jobs in rural areas and ‘potentially bring more than £1 billion to the UK economy’.

Evening Standard

U.S. economy grew 2.8 percent in 2024 - but inflation pressure remains

Some economists believe that Trump’s threat of tariffs changed consumer spending at the end of 2024

The Independent UK

Will Labour’s plan for growth actually work? Two economists respond

The UK chancellor Rachel Reeves says the Labour government will go “further and faster” to kick-start the British economy. Economic growth – to raise living standards and fund public services – is apparently a core mission of this government.

The Conversation

Rachel Reeves’ route to economic growth is a slow one – and there are no guarantees voters will be patient enough

After six months of talking down the economy and warning of tough times ahead, the UK chancellor Rachel Reeves has changed her tune. She is now much more optimistic about Britain’s economic prospects and has announced a raft of measures including major pension reforms designed to unlock cash to boost…

The Conversation

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US Economic Growth Steady In 2024 As Trump Takes Office

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.

International Business Times

European Central Bank cuts interest rates after eurozone growth stalls

Reduction by quarter of a point to 2.75% aims to stimulate economy, which stagnated in last quarter of 2024

The Guardian - UK

New U.S. Transportation Secretary Reverses Fuel Economy Standards

The Trump administration's decision to rescind fuel economy standards has wide-ranging implications for consumers, automakers, and the environment.

Top News

Europe's Economy Stagnates Amid Political Turmoil And Trade Uncertainty

Europe's economy faces stagnation in late 2024 due to trade concerns, inflation, and political uncertainties, impacting growth and consumer sentiment.

Barchart

Nasdaq Futures Climb as Investors Weigh Big Tech Earnings, U.S. GDP Data and Apple Results in Focus

March Nasdaq 100 E-Mini futures (NQH25) are trending up +0.54% this morning as investors digested earnings reports from big U.S. tech companies.

Barchart

Nasdaq Futures Gain as Investors Weigh Big Tech Earnings, U.S. GDP Data and Apple Results in Focus

March Nasdaq 100 E-Mini futures (NQH25) are trending up +0.54% this morning as investors digested earnings reports from big U.S. tech companies.

The Independent UK

Europe's economy showed zero growth at end of 2024 as eurozone's biggest economy Germany struggled

Europe’s economy has stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output

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International Business Times

French Economy Shrinks As Political Crisis Eclipses Olympic Boost

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.

Fortune

How the Federal Reserve impacts mortgage rates

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

International Business Times

Paul Diamond Fraud and the Shadow Economy: A Deep Dive into Financial Crimes

The story of Paul Diamond speaks to the greater landscape of shadow economies where corporate facades blur political alliances and legal boundaries to allow individuals to thrive without transparency or accountability.

The National (Scotland)

Brexit trade barriers could cost Scotland's economy £4 billion, fresh data shows

BREXIT trade barriers could impact Scotland’s economy by £4 billion, fresh analysis has shown.

The Independent UK

Stock market today: Asia shares mostly rise while some regional markets stay closed for holidays

Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September

Motor1

Feds Put a Stop to New Fuel Economy Standards

The newly confirmed head of the US Department of Transportation (DOT), Sean Duffy, has ordered the National Highway Traffic Safety Administration (NHTSA) to reset the Corporate Average Fuel Economy (CAFE) standards for automakers. The DOT said in a statement that the new standards will lower the price of new cars…

Evening Standard

Reeves rejects Heathrow expansion critics, saying answer ‘cannot always be no’

The Chancellor said the economy will stagnate if you ‘always give in’ to objections.

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