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The Latest Breaking News from Economy

Ghana’s e-levy: 3 lessons from the abolished mobile money tax

The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts.

The Conversation

Digitising UK trade ‘could unlock £250bn in economic growth’ – even with Trump tariffs

With the US president’s tariffs on the UK now looking inevitable, the International Chambers of Commerce is urging the government to adopt a trade plan which could boost the economy by a quarter of a trillion pounds

The Independent UK

Trump’s tariffs could push grocery prices even higher, but there are steps Canada could take to protect consumers

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

The Conversation

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Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war

The Guardian - UK

The poor don’t need Reeves’s austerity. And neither does Britain

With the economy stagnating, this is the very worst time to depress demand in order to be seen to ‘balance the books’

The Guardian - UK

Keir Starmer urged to get tough with Trump as US tariff threat looms

PM told to be as robust as Canada with the US president as the UK stages last-ditch talks to strike trade deal

The Guardian - UK

Trump seeks even more aggressive tariffs to fundamentally transform US economy and eyes a single universal duty, report says

Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.

Fortune

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Arab CEO Sues American Airlines After Crew Ignored Passenger Who Masturbated Beside Her

Arab CEO sues American Airlines after crew ignored man masturbating beside her, saying 'Men just do stuff like that'.

International Business Times UK

Tariffs and defence spending: S&P Global slashes eurozone and UK growth forecast

Uncertainty around US trade tariffs is costing the eurozone and the UK economy billions this year and the next, which cannot be entirely offset by increased defence spending in 2025.

Euronews

The 'AI economy is currently a closed loop' - and that's probably why OpenAI, not Microsoft, invested a whopping $12bn in CoreWeave

Microsoft pulled out of a $12bn deal with CoreWeave, and OpenAI took its place.

TechRadar

Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertainty

Lululemon's CEO said “consumers are spending less due to increased concerns about inflation and the economy.”

Fortune

We must liberate our brilliant entrepreneurs to stop this disastrous economic stall

The flatlining of the economy isn’t just sad; it’s a complete disaster

Evening Standard

The UK’s economy grew marginally last year, sees surprise revision

The UK’s services sector boosted GDP in the final quarter, seeing a lift from human health activities and social work. The construction industry also contributed positively to GDP during the fourth quarter of 2024.

Euronews

Europe’s economic confidence dips again in March as services sector retreats

Sentiment across the European economy weakened again in March, with confidence in services and retail slumping. The euro area’s index fell to 95.2, deepening doubts over recovery momentum.

Euronews

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The Guardian - UK

Retail sales in Great Britain given lift as shoppers splash out

Sales volumes rise 1% in February after City economists had predicted fall amid weak consumer confidence

Fortune

The vibecession is back. But a change in mood about the economy is often ‘a harbinger of things to come’: a drop in consumer spending and business investment, economist says

“If you believe the latest survey data…you would think the economy is on the cusp of a recession,” said Jeffrey Roach, LPL Financial chief economist.

Evening Standard

UK economy eked out growth at the end of 2024, figures confirm

This is unrevised from the ONS’s first estimate, confirming a picture of a sluggish economy over the second half of the year.

The Independent UK

China's Xi makes strong push for greater foreign investment as economy continues to lag

Chinese President Xi Jinping has urged foreign investors to have faith in China's business prospects in an address to major global business leaders

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Fortune

Trump tariffs could gross $800 billion in the next decade, CBO head says—but that doesn’t account for the backlash

As the Trump administration continues its tariff policy there are still too many variables to measure its net effect on the economy.

The Independent UK

Stock market today: Asian stocks skid as investors await more Trump tariffs

Asian stocks are mostly lower as investors mull the uncertainties brought by U.S. President Donald Trump’s latest tariffs

International Business Times

Argentina Seeking $20 Billion IMF Loan

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

Barchart

Crude Prices Firm on US Economic News

May WTI crude oil (CLK25 ) today is up +0.29 (+0.42%), and May RBOB gasoline (RBK25 ) is up +0.0057 (+0.25%). Crude oil prices today are slightly higher. Today's weaker dollar is supportive of oil prices. Better-than-expected US economic reports today signal strength in the US economy that is positive...

Euronews

French deficit came in lower than expected in 2024 but risks remain

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

The Independent UK

U.S. economy grew 2.4% in the 4th quarter after upgrade from earlier estimate

The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending

Reason

Why Economic Sanctions Against Iran Are Backfiring

How Sanctions Work argues the consequences of economic warfare don't always serve American interests.

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