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The Latest Breaking News from Economy

Karoline Leavitt’s White House briefing doublethink is straight out of Orwell’s ‘1984’

During a press conference on Dec. 11, 2025, White House press secretary Karoline Leavitt announced there was good news on the state of the economy.

The Conversation

Americans are growing more angry with Trump’s handling of the economy, poll finds

“The longer this goes on, the harder it is to get those numbers back,” one pollster said.

The Independent UK

Russia’s war economy is not collapsing, but neither is it stable

Russia’s wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University of Edinburgh. The report, Against the Clock? Why Russia’s War Economy is Running Out of Time, finds that Russia is being…

The Conversation

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Who benefits from ‘nation-building’ projects like Ksi Lisims?

When the Canadian government added the proposed Ksi Lisims LNG terminal on Nisg̱a’a territory in northwest British Columbia to its new list of fast-tracked “nation-building” projects this fall, it resurrected an idea many British Columbians thought had quietly faded away: that liquefied natural gas (LNG) exports are central to the…

The Conversation

I Asked Grok What Will Happen If the AI Bubble Bursts

The current artificial intelligence (AI) boom has provided a major lift to the stock markets and economy this year. But it also carries at least one major risk: that the AI bubble will burst in much...

GOBankingRates

Labour crackdown on foreign workers could hit UK economy by £710m, Starmer warned

Advisers call for salary thresholds for some jobs to be reversed because they’re ‘inefficient’ at cutting migration

The Independent UK

Italy's cash ceiling proposal: Balancing freedom and fraud concerns

An amendment to Italy's upcoming budget law proposes raising the ceiling for cash payments in the country. While some lawmakers are pushing for more 'consumer freedom', others fear the potential effect on tax evasion and criminal activity.

Euronews

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This is Europe’s secret weapon against Trump: it could burst his AI bubble

Growth in the US economy – and the president’s political survival – rest on AI. The EU must use its leverage and stand up to him, says the Irish Council for Civil Liberties’ Johnny Ryan

The Guardian - UK

Trump orders oil tankers blockade in Venezuela, labels Maduro regime a "terrorist" group

The escalation exerts unprecedented pressure on the Maduro regime, threatening to bankrupt Venezuela's already struggling economy.

Axios

The Federal Government Has Shed 271,000 Jobs This Year. That's Great.

It's also not the whole story. Federal spending isn't falling and the private sector job market is stagnant.

Reason

US Unemployment Jumps to 4.6% — Worst Surprise in Months

US unemployment unexpectedly rises to 4.6%, the highest in four years, as job growth slows and labour market pressures intensify in the latest US jobs report.

International Business Times UK

Unemployment hits 4-year high as frozen jobs data shows recession risks getting 'uncomfortably high,' top economist Mark Zandi says

Payroll growth for November came in at a modest 64,000. “There’s just no forward motion,” Moody’s chief economist told Fortune.

Fortune

Former Lebanese minister ordered released on $100,000 bail amid financial crime allegations

Officials say Lebanon's judicial authorities have ordered the release of a former economy minister on $100,000 bail after months of detention over alleged financial crimes

The Independent UK

‘We should be absolutely terrified’: Trump’s disastrous economy hits trucking, 600 drivers laid off days before Christmas

Time to give up the open road and fill out that Walmart application form.

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Fortune

Air strikes on casinos, colonial borders and a failed Trump ceasefire: What's happening in the Thai-Cambodia conflict

Last week’s border clashes have undercut Trump’s hopes to be a peacemaker, while also endangering a regional economy across the Thai-Cambodia border.

GOBankingRates

If 2020 Prices Returned Overnight, How Much Would the Average Household Save per Month?

Imagine waking up tomorrow and discovering that every price in the economy has snapped back to what it was in 2020. Gas. Groceries. Housing. Travel. Everything. It is a fun thought experiment, but it...

AAP

Plea for spending cuts as banks tip interest rate hikes

Half of Australia's big four banks are tipping the Reserve Bank to hike interest rates at its next meeting as inflation is pushed outside the target zone.

The Independent UK

Employers likely added 40,000 jobs in November as government releases report delayed by shutdown

The U.S. job market is sluggish and confusing this fall

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Evening Standard

Britain faces lost decade after Reeves Budget failed to shift growth dial, say London bosses

They are setting up their own Growth Commission to identify measures to boost London firms and the UK economy

InsideEVs

‘A Bastion For Yesterday’s Technology’: Why The EU's Gas-Ban Retreat Could Backfire

A lifeline for Europe's automakers, or 'a wake-up call for the industry?' Plus, new data on what America's fuel economy cutback really means.

Euronews

China’s economy loses momentum amid spending and investment slump

Retail sales slowed and investment contracted compared to previous years as Chinese policymakers aim to make domestic demand a top priority in 2026.

Newsroom.co.nz

More signs the NZ economy is turning – but risks remain

The NZ economic recovery is gaining momentum, with stronger retail sales and improving confidence, but risks remain around growth, rates and key sectors

Axios

Trump's article of faith: Economy will soar in '26

Trump's bullish belief is key to understanding why he's so reluctant to say there's an "affordability crisis."

The Guardian - UK

Young people bearing brunt of UK jobs downturn, thinktank warns

Resolution Foundation report comes in week when data is expected to show October unemployment rise

The Guardian - UK

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

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