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The Latest Breaking News from Economy

Consumer confidence slides amid household bill hikes and ‘Trump Tariffs’

GfK’s long-running Consumer Confidence Index fell four points in April to minus 23, led by an eight-point fall in expectations for the wider economy.

Evening Standard

California’s economy surpasses Japan’s as it becomes fourth largest in world

State’s nominal GDP reaches $4.1tn, edging out Japan’s $4.02tn, ranking it behind the US, China and Germany

The Guardian - US

EU Still Far From Tariff Deal With US: French Minister

The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, as the bloc seeks a way out from trade tensions with Washington.

International Business Times

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Tariffs Helped Wreck the Economy in the 1930s. Why Is Trump Making the Same Mistake?

Far from delivering industrial renewal, Trump's tariffs have already led to layoffs at manufacturing plants.

Reason

UK economy faces growth shock from Trump tariffs, says Bank governor

Andrew Bailey says UK not close to recession but he would be ‘encouraged’ if trade deal with US were agreed

The Guardian - UK

UK lifts sanctions on Syria, says country deserves chance to rebuild economy

The new authorities in Damascus have made a push for harsh sanctions imposed by western countries on Assad's government to be lifted, with limited success.

Euronews

UK lifts more sanctions in Syria to support efforts to rebuild country

The Foreign Office announced restrictions on sectors of the Syrian economy would be eased to facilitate investment in the country.

The Independent UK

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The 2025 BMW X3 M50 Is All About the Engine: Review

Can an engine make a car? Yes, and the BMW X3 M50 is proof. The latest version of the X3 may not be a perfect car, but when you roll into the throttle, your complaints seem insignificant.

Motor1

IMF chief urges US to strike trade deals swiftly to limit damage to global economy

Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’

The Guardian - UK

Sustainability Week: Infrastructures makes circularity a reality – not devices

Circular technology needs an ecosystem to work — from seamless trade-ins to refurbishment and resale channels.

TechRadar

Germany Expects Zero GDP Growth This Year, Blames Trump Tariffs

Germany's economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's trade policy.

International Business Times

P&G Cuts Outlook As Consumers Pull Back Amid Tariffs

Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture.

International Business Times

Wales and north of England face disability cuts ‘double whammy’

Policy in Practice analysis shows twice as many people affected in north-east, north-west and Wales than in London and south-east

The Guardian - UK

IMF urges global leaders to resolve trade tensions rapidly, as China tells US to ‘cancel all unilateral tariffs’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Conversation

Why AUKUS remains the right strategy for the future defence of Australia

Australian strategic thinking has long struggled to move beyond a narrow view of defence that focuses solely on protecting our shores. However, in today’s world, our economy could be crippled without an enemy boot stepping foot on Australian soil.

International Business Times

S. Korea's Economy Shrinks In First Quarter As Trade War Hits Exports

South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions.

The Independent UK

Trump’s approval rating sinks in the latest poll as more become wary of the power he holds

Fifty-nine percent of respondents, a third of Republicans among them, believe that the U.S. is losing global credibility

International Business Times

US President Donald Trump's popularity has sunk since his riotous return to the White House, polls showed Wednesday, with Americans criticizing him on key issues of the economy and immigration.

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Kiplinger

In Trump’s Economy, Should 401(k) Savers 'Set It and Forget It?'

It’s hard to bury your head in the sand when the markets are volatile. Here’s when it makes sense and when it doesn’t.

The Independent UK

Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions of the effect on Britain’s economy if Trump goes ahead with his tariffs

Evening Standard

Americans losing faith in ‘erratic’ Trump on tariff-hit economy as poll finds three quarters fear recession

But he is still more popular than Joe Biden, according to Ipsos survey

Fortune

Europe must show it's serious about Ukraine by tightening sanctions on Russia

The EU bolsters Putin’s war machine by buying Russian energy, minerals, and metals, even as Russia's economy appears to falter.

The Guardian - UK

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

The Independent UK

Watch: Rachel Reeves gives speech on UK economy at International Monetary Fund in Washington DC

Watch again as chancellor Rachel Reeves gave a speech on the UK economy at the International Monetary Fund in Washington DC on Wednesday (23 April).

Fortune

Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’

The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.

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