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The Latest Breaking News from Economy

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.

Fortune

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.

Evening Standard

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

The Independent UK

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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.

Fortune

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

The Independent UK

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.

International Business Times

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...

Barchart

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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".

Euronews

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

The Independent UK

Why Economic Sanctions Against Iran Are Backfiring

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

Reason

Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

Winning the war on ransomware with multi-layer security

To protect businesses, the economy, and critical infrastructure, cybersecurity must radically rethink its approach.

TechRadar

Next continues success story by reporting first £1bn in annual profits

Retailer ‘defies gravity’ to become only fourth in UK to pass £1bn profit threshold

The Guardian - UK

Carmaker shares slide after Trump’s 25% tariff; British Steel proposes closing Scunthorpe blast furnaces – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Al Jazeera

‘Cat and mouse game’: Zimbabwe gov’t workers moonlight as street vendors

With high inflation and a struggling economy, civil servants say they need secret side hustles to make ends meet.

Evening Standard

Next joins the elite £1 billion profit a year club but warns of 'risks to the economy'

High street chain become only the fourth British retailer to pass a milestone that boss Lord Wolfson plays down as “not important”

International Business Times

Lesotho Fears Trump Shake-up Could Tear Threadbare Economy

In a sweltering factory in Lesotho, rows of workers hunch over thrumming sewing machines churning out piles of jeans for the global market from a country that US President Donald Trump has mocked as unknown.

AAP

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

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International Business Times

Legal Woes Of Brazilian Presidents Past And Present

Brazil's ex-president Jair Bolsonaro, who has been ordered to stand trial on charges of plotting a coup, is the latest leader of Latin America's biggest economy to face court proceedings.

The Independent UK

Rachel Reeves will soon be back to squeeze us again

THE INDEPENDENT VIEW: Editorial: The case with which Labour built its general election win – that it would fix the foundations of the economy – has been left woefully exposed by the chancellor’s spring statement

The Guardian - UK

No mention of green issues by Rachel Reeves, but her silence comes as a relief

Fact that chancellor swerved climate crisis and net zero targets suggests sector has avoided the axe for now

The Independent UK

Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy

Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal

The Guardian - UK

Everything is great, nothing to see here, Rachel Reeves tells MPs

Chancellor delivers a spring statement strong on wishful thinking and light on compassion for those hit by cuts

Evening Standard

Growth forecast halved this year in blow to Reeves

Chancellor Rachel Reeves said she was taking action to grow the economy but said she was battling global instability.

Fortune

Survey says Americans haven't felt this dejected about their income and business prospects in over a decade

The Trump administration and its policies had a significant impact on consumers' views of the economy.

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