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The Latest Breaking News from Economy

High-end car sales sink in China as its economy slows, taking a toll on European automakers

Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models

The Independent UK

Labour is procrastinating over policy as UK’s economy goes backwards

New business rates regime that is poised to hit pubs and hotels is latest example of hasty decision-making

The Guardian - UK

OpenAI isn't too big to fail. It's bigger.

OpenAI's central place in the AI economy is enough to make people nervous.

Axios

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Money Money Money: Abba Voyage has contributed over £2 billion to the British economy

New report has looked into its economic and social impact

MusicRadar

Trump attacks old foe Biden – but presidential parallels hard to avoid

US president finds himself shouldering same burdens of affordability crisis and the inexorable march of time

The Guardian - US

Cross-Border Compatibility of Notarial Acts in the Digital Environment: Shaping a Global Model for the Recognition of Digital Inheritance A Scholarly Analytical Overview of the Research of Vladyslava Trach

The digital economy has fundamentally transformed the structure of private property. Cryptocurrencies, tokenized assets, digital financial instruments, NFTs, domain names, online accounts, and other intangible resources increasingly form part of inherited estates

inkl

'Let's prove them wrong': Spanish economy minister responds to US criticism

Spanish Economy Minister says Europeans must stay united and keep focused on integration after the Trump administration said the continent's economy is suffocating under excessive regulation and weak leadership.

Euronews

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Shrinking economy takes toll on FTSE 100 amid ‘unsurprising surprise’

The index dipped after a promising start amid poor growth figures and US tech concerns.

Evening Standard

‘There’s been a Badenoch bounce’: is the Tory leader finally cutting through?

Conservative insiders say the party and the public are warming to Kemi Badenoch after a difficult first year

The Guardian - UK

The quiet rise in the tax burden for UK businesses will hit workers and consumers too

Many businesses in the UK saw the 2025 budget as a tightening of the screw in a period of already difficult conditions. While the government insists it is not raising taxes on companies overall, disquiet among businesses could have an impact on jobs, wages and the wider economy.

The Conversation

Stephen Colbert on Trump’s ‘gold card’: ‘Pay-to-play program for rich foreigners’

Late-night hosts discussed Donald Trump’s new “golden visa” program for wealthy foreigners and his increasingly weird reassurances on the economy.

The Guardian - US

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

The Independent UK

'Europe's unity is our strength,' European Investment Bank chief Calviño tells Euronews

European Investment Bank President Nadia Calviño told Euronews' morning show Europe Today that the EU should stick together after the US administration claimed the bloc was weak and in decline. She further argued that Europe must become stronger and simplify its economy.

Euronews

Pre-Budget jitters blamed for surprise contraction in economy

Official figures showed the UK economy shrank for the second month running in October, contracting by 0.1% following a 0.1% decline in September.

Evening Standard

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The Independent UK

UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves

Economy contracted by 0.1 per cent in October, according to the Office for National Statistics

International Business Times UK

How Meta's AI Partnership Tool Could Reshape the £480B Global Creator Economy — and Threaten Independent Influencers

Meta's new AI tools help brands find creators faster and more cost-effectively, but independent influencers warn that an algorithm-first approach could squeeze smaller voices out of lucrative deals.

Evening Standard

UK economy contracts for second month running in October

The Office for National Statistics said gross domestic product (GDP) fell 0.1% in October, following a 0.1% decline in September.

Evening Standard

GDP shock: London businesses slam Budget turmoil as UK economy shrinks 0.1% in October

The latest GDP figures are a blow to Rachel Reeves, who admitted leaks in the run-up to her November 26 Budget were ‘very damaging’

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The Independent UK

UK economy: GDP shrunk in October in fresh blow for Rachel Reeves

Economy contracted by 0.1% in October, according to the Office for National Statistics

Evening Standard

FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

The Guardian - UK

UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover

Euronews

Europe Today: Nadia Calviño discusses Trump and Europe's economy

Tune in to Euronews' new flagship morning programme, Europe Today, at 8 am Brussels time. In just 15 minutes, we bring you up to speed on the biggest news of the day.

The Guardian - UK

December cut to UK interest rates ‘nailed on’ after economy shrinks unexpectedly by 0.1% in October – as it happened

Disappointing UK GDP report shows economy contracted by 0.1% in both September and October

The Conversation

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

The U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

Evening Standard

Irish economy at risk from ‘global shocks’, ESRI report warns

The think tank also said the presence of multinational corporations ‘remains a tremendous positive for the Irish economy’.

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People

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