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The Latest Breaking News from Economy

Consumer confidence in economy ‘at lowest level since cost-of-living shock’

Almost two thirds of consumers (64%) believe the economy will get worse before it gets better, according to the Which? Consumer Insight Tracker.

The Independent UK

Labour is still gendered – and women are still getting a raw deal in the workplace

“When diversity, equity and inclusion become ‘threats’ to the order of society,” Judith Butler wrote recently, “progressive politics in general is held responsible for every social ill.” Authoritarians are empowered to oppress vulnerable people in the name of “the nation, the natural order, the family, society or civilization itself”.

The Conversation

The Data Economy's New Architect Trevor Koverko Pioneering the Future of AI

While others chased compute infrastructure, serial entrepreneur (and former pro hockey player) Trevor Koverko saw something more scalable, accessible, and urgent: the human side of AI training.

International Business Times

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The Guardian view on Trump’s shock therapy: warehouse and transport workers are the first victims of a class war

Editorial: Behind the slogans and tariffs lies a calculated strategy – fuelled by elite interests, eroding labour rights and stoking global recession

The Guardian - UK

Millions of student loan borrowers head to collections as delinquency rates soar over 20%

Some will have wages and benefits garnished, putting even more strain on an already unstable economy.

Fortune

Trump Mocked for 'Ignorant' Logic for 'Saving Hundreds of Billions of Dollars' as Tariff War With China Continues: 'Who Taught Him Math'

Donald Trump's logic was labeled questionable by users as he assured Americans that the economy is "doing great" as high tariffs impact trade with China.

International Business Times

How industrial diversity affects local employment growth in France

In an interconnected global economy, regions face recurring economic shocks and intense competition. For policymakers and researchers, understanding the drivers of local employment growth has become critical. Recent theoretical advances highlight the importance of different relational proximities that influence the benefits of the geographic clustering of economic activities.

The Conversation

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Trump says Biden caused the economic downturn. That’s malarkey

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessor

The Guardian - US

Germany set for new government as mainstream parties sign coalition deal

New government must revive economy as Ukraine war and Trump complicate European security and trade.

Al Jazeera

We all know the crisis in UK social care damages lives and the economy: it’s the Treasury we must convince

There are real costs to not tackling this grievous problem. But, as we report today, the data we need doesn’t seem to exist, says Layla Moran, chair of the health and social care select committee

The Guardian - UK

American Airlines’ Flagship Suite business class to debut in June on these routes

The Flagship Suite debuts alongside an upgraded premium economy cabin - and launches on flights from Philadelphia and Dallas to Heathrow and Brisbane later in the year

The Independent UK

Will the Federal Reserve ignore Trump and keep rates stable this week?

While the US Federal Reserve is still under significant pressure from the Trump administration to slash interest rates, some experts believe that rate cuts may not come for another few months at least.

Euronews

JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan has redeployed most of Capital Connect’s 200 employees.

Fortune

Yes, you can still visit Barcelona. Here’s how to do it more responsibly

Groups across Europe are calling for a day of anti-tourism protests in June, foreshadowing another summer of unrest.

Euronews

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International Business Times

Facing A Broken Economy, Ghana's Tech-savvy Teens Turn To Fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

The Guardian - UK

‘It’s pretty bad’: Bank of England top official on the lack of female economics students

Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject

The Conversation

5 huge climate opportunities await the next parliament – and it has the numbers to deliver

Australians have returned an expanded Labor Party to government alongside a suite of climate-progressive independents. Meanwhile, the Coalition – which promoted nuclear energy and a slower renewables transition – suffered a historic defeat.

The Independent UK

Oil prices drop $2 with most Asian markets closed for holidays

Oil prices have fallen more than $2 a barrel after the OPEC+ group of oil producing nations said it plans to increase output

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The Independent UK

How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

The Guardian - UK

Donald Trump’s cartoon-like chaos leaves US economy on unstable course

Uncertainty generated by tariff policy underlines US president seemingly unable to choose a path and stick to it

The Guardian - US

Trump feels tug of political gravity as economy falters and polls plunge

The president started his second term fast and furious with a flurry of activity – much of it legally dubious – but analysts say the honeymoon is over

International Business Times

US Fed Expected To Pause Cuts Again And Wait For Clarity On Tariffs

The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.

The Independent UK

Trump blows off trade war recession fears: ‘Everything’s ok’

President says U.S. economy will undergo ‘transition period’

The Guardian - UK

Financial markets have become a bulwark against populist excesses

Custodians of global wealth have reacted with anger at attempts by people like Trump and Truss to revolutionise the economy

The Guardian - US

Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty

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