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The Latest Breaking News from Economy

Amazon reveals huge £40 billion UK investment in major cloud, AI and jobs boost

UK set to receive £40 billion investment as Amazon expands operations, promising to create new jobs and boost the economy.

TechRadar

Ceasefire between Israel and Iran already being tested as markets bet it will stave off ‘stagflationary shock’

The rapidly unfolding events whipsawed world markets that briefly appeared to have avoided an oil shock and the uncertainty of a wider Middle East conflict.

Fortune

Thousands of jobs to be created at Amazon’s new UK warehouses

Prime Minister Sir Keir Starmer lauded the expansion plans as a ‘major win’ for the UK economy

The Independent UK

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World Bank grants South Africa a $1.5B loan for infrastructure upgrade and green energy transition

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy

The Independent UK

Why the Strait of Hormuz remains critical for the global economy

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

Euronews

Where to Invest in the Back Half of 2025

The crystal ball has gone dark on Wall Street. Flexibility and diversification will be key in the second half of 2025.

Kiplinger

Why GM And Stellantis Want To Kill Fuel Efficiency For Good

The Corporate Average Fuel Economy rules that shaped the modern car industry are on the chopping block. Plus: Western brands continue to slide in China.

InsideEVs

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Gen Z's job ladder isn’t breaking because of AI—but it’s evolving, says top LinkedIn exec

LinkedIn COO Dan Shapero told Fortune in Cannes: “Navigating the transition to an AI economy is probably going to be the issue of the next decade."

Fortune

Trump’s threat of ‘regime change’ in Iran is being greeted with calm and enthusiasm by the markets

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

Fortune

Farage claims Reform nom-dom plan would see £600 paid to poorest workers as tax expert issues warning

Labour branded Nigel Farage’s plan ‘simply a bonanza for billionaires’

Evening Standard

Farage says non-dom policy ‘very attractive’ despite tax expert cost warning

The party leader said he was ‘not clever enough’ to answer questions about a warning over how the policy could hit Britain’s economy.

The Independent UK

Starmer to scrap green levies on businesses to boost economy

IN FULL

The Independent UK

Rich Americans flock to apply for New Zealand’s ‘golden visas’ after rules relaxed

Coalition government loosened requirements for its Active Investor Plus visa in bid to boost flagging economy

The Guardian - AU

Small business owners aren’t jumping for joy about the US economy – but they still aren’t jumping ship

Small businesses are doing OK right now, even if there is a bit of concern about tariffs, inflation, labor shortages and higher costs

The Guardian - US

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Fortune

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

International Business Times

South Korea Counts On Shipbuilding To Ease US Tariff Woes

Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip.

The National (Scotland)

Scotland's 'bucking international trends' on investment. Is that a good thing?

BILLIONS of pounds are set to flow out of Scotland due to foreign investment figures celebrated by the Scottish Government ...

Fortune

Bad ‘vibes’ may be having a bigger impact on the economy now

While consumer sentiment recovered a bit after Trump postponed his highest tariff rates, it’s still 20% below December 2024 levels.

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AAP

Sexual harassment and violence training for bar staff

Making venues safer for women to work and play in are part of attempts to revive a major city's ailing night-time economy, with new training on the way.

The Independent UK

British Airways trials removing individual water bottles from flights

Cups of water will be served by cabin crew to economy passengers

International Business Times

Russian Government, Central Bank Spar Over Economic Downturn

Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive.

Evening Standard

Pressure grows on Reeves to raise taxes as borrowing hits £17.7bn in May

The borrowing was the highest on record for May outside the pandemic

MarketBeat

Forget the Fed: Home Depot Is the Real Gauge of the U.S. Consumer

Home Depot's sales offer a clear, real-time indicator of U.S. consumer health, reflecting spending trends from homeowners and professional contractors.

The Independent UK

Restaurants, hotels and farms beg Trump to exempt their businesses from immigration raids after screeching policy U-turn

Confusion as tension between deportation targets and economic necessity bolsters fear and uncertainty

InsideEVs

Used Volvo V90 PHEV Ownership Update: Costs, Efficiency And Annoyances

I’ve put a little over 3,000 miles in two months on my used fast wagon. Did it make sense to go with a plug-in hybrid?

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