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The Latest Breaking News from Economy

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.

International Business Times

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.

Reason

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

The Independent UK

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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.

International Business Times

House price growth gaining momentum, surveyors report

A net balance of 19% of professionals predict an increase in sales activity over the next three months, the report said.

The Independent UK

Meatpacking Industry In Colorado Braces For 'Devastating' Mass Deportations Plans Under Trump

Trump has vowed to carry out the largest deportation plan in U.S. history, potentially harming industries across the country and the overall economy.

International Business Times

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Trump's Mass Deportation Plan Would 'Kill' Critical Sector of US Food Industry, Union President Warns

Trump has vowed to carry out the largest deportation plan in U.S. history, potentially harming industries across the country and the overall economy.

Latin Times

Canada Central Bank Makes Half Point Rate Cut To 3.25%

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

International Business Times

Joe Biden hasn’t vanished, but here’s why it might feel that way - Roll Call

Joe Biden has been active lately, even if it may feel otherwise. But his disconnect with voters endures and a top aide had an explanation.

Roll Call

The UK’s booming creative industries could employ even more people – if they attract fresh international investment

The UK’s creative industries are an economic success story, contributing £124.6 billion to the country’s economy in 2022 – around 6% of the total. These industries, which include film, TV and publishing, grew by more than 50% between 2010 and 2022.

The Conversation

Trawl the sea or mine for metals? Pacific nations wrestle with how to protect oceans - and livelihoods

Palau plans to allow more fishing in its marine sanctuary, as countries across the region seek to balance conservation with economic needs

The Guardian - AU

Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says

The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu Kyi

The Independent UK

Ghanaians give ex-president Mahama a chance to eclipse his shaky legacy

Honeymoon period will be short as John Mahama tries to fix economy, seen as a huge factor in election

The Guardian - UK

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AAP

Bank chief doubts trade-war risk will cancel Christmas

The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.

The Independent UK

US inflation likely edged up last month, though not enough to deter another Fed rate cut

Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago

International Business Times

China's Leaders To Chart Economic Plans For 2025: Report

China's leadership will gather Wednesday to hammer out plans to boost the economy next year, reports said, as they look to address weak domestic demand and the possibility of a deepening trade war with the United States.

StockNews.com

3 Payment Processing Stocks Fueling Global Commerce

Payment processing stocks have become vital drivers of the global economy, enabling businesses to handle billions of transactions daily. Therefore, it might be wise to consider three payment processing stocks, American Express (AXP), Visa (V), and Mastercard (MA), for those seeking long-term growth. Continue reading….

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The Independent UK

Biden says Trump dismantling ‘strongest economy in modern history’ would be a ‘major mistake’

Biden cautioned Trump against gutting his signature accomplishments and imposing tariffs

Top News

President Biden Seeks To Reshape Economic Legacy Before Exit

President Biden's efforts to redefine his economic legacy amidst inflation concerns and public perception.

The National (Scotland)

'Head in the sand': Labour will not give estimate of Brexit's economic impact

Labour have been accused of “hypocrisy of the highest order” for saying they will not undertake analysis of the economic impact of the UK…

TechRadar

Recycled racks and spare part servers: Amazon reveals major data center sustainability push

Data centers are notoriously energy guzzling, but Amazon is reducing, reusing, and recycling to hit sustainability goals.

Fortune

Russia has disciplined 30,000 soldiers for corruption this year

Russia has fired hundreds of soldiers for a “loss of trust” as the country’s economy wanes during the drawn-out battle in Ukraine.

The Independent UK

One year on: How Javier Milei’s shock measures are reshaping Argentina’s economy

The radical populist hopes to profit from his bromances with Donald Trump and Elon Musk

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