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The Latest Breaking News from Economy

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

AAP

Dollar Falls on Fears of Hit to US Economy from Tariffs

The dollar index (DXY00 ) Wednesday fell by -1.38% and posted a 3-3/4 month low. The dollar was undercut by concern about the negative impact of US tariffs on the US economy. Also, strength in the euro weighed on the dollar after EUR/USD Wednesday jumped to a 3-3/4 month high....

Barchart

Trump Tariffs Reverberate Through Mexico's Industrial Belt

For decades, Mexico's industrial borderlands boomed thanks to growing trade with the world's largest economy next door.

International Business Times

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The Reserve Bank should be looking at these numbers and wondering why it waited until February to act

Yes, the worst may be behind us, but GDP figures provide little sense of an economy powering ahead at full steam

The Guardian - AU

Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank

Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies

The Guardian - UK

Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

The Independent UK

Germany to ease government debt limits in major step aimed at boosting economy, defense spending

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure

The Independent UK

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Dollar Retreats on Growth Risk From US Tariffs

The dollar index (DXY00 ) today is down by -1.13% and tumbled to a 3-3/4 month low. Concern about the negative impact of US tariffs on the US economy is undercutting the dollar. Also, strength in the euro weighed on the dollar after EUR/USD today jumped to a 3-3/4 month...

Barchart

European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs

The Guardian - UK

Microsoft - UK can help drive the global AI future, but only with the proper buy-in

AI has the potential to drive the UK’s economy for many years to come, Microsoft says.

TechRadar

'Germany is back': Country agrees bumper $1.3 trillion spending package to revive economy

Germany's coalition agreed a landmark deal to exempt defense spending from its harsh debt brakes, in addition to unveiling a $535 billion infrastructure pledge.

Fortune

DOGE and Congress Should Take a Chainsaw to Corporate Welfare

Handouts to corporations distort the market, breed corruption, and politicize the economy.

Reason

Australians generate mountains of waste, and we need more help to recycle and reuse it

Australians largely support transforming the economy to increase recycling, repurpose products and reduce waste, according to a new report from the Productivity Commission, but they are being impeded by inconsistent regulations.

The Conversation

Elissa Slotkin focuses on economy and national security in Democratic rebuttal to Trump address

‘I'm thankful it was Reagan and not Trump in office in the 1980s. Trump would have lost us the Cold War,’ says Michigan senator

The Independent UK

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The Guardian - AU

Explained: what is China’s Two Sessions meeting?

The annual political gathering begins this week in Beijing, with the economy, tech and Donald Trump’s trade war high on the agenda

The Conversation

Australia’s economy has turned the corner, and consumer spending was a big help

Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports.

The Independent UK

Asian shares and US futures are higher after Wall St losses wipe out S&P 500's post-election gains

Asian shares and US futures are higher after Wall Street's losses wiped out all of the S&P 500’s post-U.S. election gains

The Independent UK

China keeps its economic growth target at 'around 5%' for 2025

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds

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The Independent UK

New poll shows only a third of Americans approve of Trump on cost of living

The poll showed the president’s approval ratings below 40 percent on a range of issues - including the economy, foreign policy and corruption

The Guardian - AU

Crisafulli urges residents to prepare as storm approaches – as it happened

This blog is now closed

Evening Standard

Benn: Northern Ireland economy not being crippled by post-Brexit arrangements

The Northern Ireland Secretary acknowledged the Windsor Framework is ‘not perfect’.

The Independent UK

Trump’s Tariffs and retailers’ warnings: The truth behind the US economy and whether a recession is coming

The economy under Trump’s first month in office is not what he promised on the campaign trail and it looks to be an uncertain year for the average American, economists told The Independent

The Guardian - US

Trudeau condemns ‘dumb’ Trump trade war as Canada strikes back with tariffs

Canada’s prime minister says the US president wants to usher in the ‘complete collapse’ of the Canadian economy

The Guardian - UK

Rachel Reeves vows to use defence spending to support UK’s ‘left behind’ industrial towns

Chancellor says increased military spending should support ‘British jobs and British industries’

AAP

Green shoots for economy as Australia snaps dire record

Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.

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