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The Latest Breaking News from Economy

The fourth-largest economy hype: What the media didn’t tell you

The International Monetary Fund recently stated that India is set to surpass Japan to become the fourth-largest economy in the world in 2025. While the projection masked the underlying realities of the average Indian, it was enough for the mainstream Indian media to rush to celebrate.

Newslaundry

What About the US Economy?

If you ask a dozen economists to define the word "economy", you're likely to get a baker's dozen of responses.

Barchart

Stephen Graham has emergency surgery on a plane after realising 'something didn't feel right'

The Adolescence star, 51, had the operation in the lounge area between the economy and first class sections

Evening Standard

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Hiring slows across US amid uncertainty over Trump’s tariffs

The number of Americans applying for unemployment benefits has risen to the highest level in eight months

The Independent UK

US employers added a solid 139,000 jobs in May despite uncertainty over trade wars

U.S. employers slowed hiring last month, but still adding a solid 139,000 jobs amid uncertainty over Trump’s trade wars

The Independent UK

Labour warned to keep spending review in line with net zero or face legal action

Exclusive: Friends of the Earth tells Keir Starmer any major green cuts by Rachel Reeves will be challenged

The Guardian - UK

S&P Futures Climb on Easing Trump-Musk Tensions, U.S. Jobs Report in Focus

June S&P 500 E-Mini futures (ESM25) are trending up +0.45% this morning on signs that the heated dispute between U.S. President Donald Trump and Tesla CEO Elon Musk may ease, while investors await the all-important U.S. payrolls report.

Barchart

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Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut

The eurozone gross domestic product grew by 0.6% quarter-over-quarter in the first quarter of 2025, marking the strongest pace of growth since late 2022. ECB's President Christine Lagarde hinted that a July pause in rate cuts may be warranted.

Euronews

Afternoon Update: Trump and Musk’s spectacular blowup; Australian navy ship accidentally blocks NZ wifi; and embracing a gift economy

Extraordinary feud between US president and the world’s richest person plays out on social media

The Guardian - AU

Asian shares mostly gain ahead of Friday's US jobs report

Asian shares are mostly higher ahead of an update Friday about the U.S. job market that will offer insights into how the economy is faring

The Independent UK

I suspect there’s something poisonous about money. That’s why I’m embracing a gift economy

A slow and gentle lifestyle is possible, it’s just not sold to us, so it is harder to listen out for

The Guardian - AU

Why Did a Rating Agency Send U.S. Treasury Bonds Lower?

Credit downgrades increase borrowing costs. In mid-May 2025, one of the leading rating agencies downgraded the world’s leading economy. Market analysts are divided on whether a downgrade will impact markets and asset prices over the coming days, weeks, and months.

Barchart

No, Trade With China Did Not Kill the U.S. Economy

A new comprehensive review finds the negative effects of trade with China have been significantly exaggerated.

Reason

The number of Americans filing for jobless benefits last week rises to highest level in eight months

Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy

The Independent UK

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The Independent UK

New German leader plans to discuss Ukraine and trade with Trump in Oval Office visit

Germany’s new leader is meeting President Donald Trump in Washington as he works to keep the U.S. on board with Western support for Ukraine, help defuse trade tensions that pose a risk to Europe’s biggest economy and further bolster his country’s long-criticized military spending

International Business Times UK

Are US Inflation Numbers Flawed? Economists Sound Alarm

Shocking revelations about flawed US inflation data spark alarm. With tariffs looming and prices rising, can we trust the numbers guiding the economy?

Al Jazeera

Can the US afford to lose its 1.1 million international students?

International students contributed $43.8bn to the US economy last year and created 378,175 jobs nationwide.

The Guardian - UK

Tories will never again put economy at risk like Liz Truss did, Mel Stride says

Shadow chancellor accepts Truss’s mini-budget badly damaged party in clearest repudiation yet of ex-PM

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The Independent UK

Asian shares trade mixed after Wall Street’s rally stalls on U.S. economic data

Asian shares are trading mixed, as Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy

Evening Standard

‘Bold rewiring’ of economy needed as Tories seek to regain trust, Stride says

In a speech on Thursday, Mel Stride is expected to promise the Conservatives will ‘never again’ make offers they cannot afford.

The Independent UK

Liz Truss lashes out as Tories apologise for her disastrous mini-budget

Shadow chancellor Mel Stride vowed the Tories would ‘never again’ make offers they cannot afford as he warned his party ‘needs to shine the light of truth on what Reform is all about’

Evening Standard

Confidence in UK economy falls from 45% in 2015 to 28% a decade later – survey

Some 66% of consumers pay more attention to their budget than they did 10 years ago, the study found.

The Guardian - AU

Day of high drama in Tasmanian politics – as it happened

This blog is now closed

AAP

Productivity pickle a top priority for upbeat treasurer

Falling interest rates and Australia's competitive advantages are reasons for optimism, says the treasurer as he sets his sights on improving productivity.

Euronews

Could the resurgence of Germany’s steel industry help to revive its economy?

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

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