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The Latest Breaking News from Economy

China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports

The Independent UK

Checks underway on 700,000 Thai mobile phone numbers of foreigners

Authorities will verify the names of foreign subscribers of 700,000 mobile phone numbers before deciding whether to terminate their mobile banking services in Thailand in June, according to the minister of digital economy and society (DES).

Bangkok Post

UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

The Guardian - UK

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Expanding UK fruit and veg growing ‘could add £2.3bn to the economy’

Green Alliance said the £5 billion horticultural sector accounts for 9% of the total contribution agriculture makes to the economy.

The Independent UK

Why Company Narratives Matter More Than Macro Fears

In a market drowning in noise, real outperformance comes from tuning out macro fear and tuning into company narratives quietly rewriting the future

Barchart

Pro-gas group with link to Liberal party referred to ACCC over alleged misleading claims

Integrity organisation claims Australians for Natural Gas overstates role of gas in economy and failed to disclose directors’ links to industry on website

The Guardian - AU

In Canada’s election, voters appear on track to rebuke Trump’s trade war

Trump’s tariffs have sparked a wave of Canadian national pride and an abrupt shift towards the Liberals.

Al Jazeera

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China lowers minimum amount for tax refunds for tourists to boost spending

China has lowered the minimum amount tourists spend to get tax refunds as part of measures to boost consumption as its economy comes under pressure during a trade war between Beijing and Washington

The Independent UK

Americans, including Republicans, losing faith in Trump, new polls reveal

Trump scores poorly on economy and immigration as some fear he is ‘exceeding powers’ and focussed on wrong issues

The Guardian - US

Turkey's youth rise up over mayor's jailing and worsening economy

Thousands of young people across Turkey are protesting against the jailing of Istanbul mayor Ekrem Imamoglu, President Recep Tayyip Erdogan’s main rival. Many say they no longer fear prison, claiming they have nothing left to lose.

Radio France Internationale

California Overtakes Japan to Become World's Fourth-Largest Economy — But Challenges Loom

California has officially surpassed Japan to become the world's fourth largest economy, driven by tech innovation, business growth, and record tourism figures.

International Business Times UK

Bears Can Reap Big Benefits With These 3 Short ETF Bets

Inverse ETFs are an effective way for bearish investors to capitalize on downturns in specific portions of the market, or in the economy more broadly.

MarketBeat

Consumers are so stressed by the economy they're doing less laundry to save on detergent

The maker of America’s best-selling detergent says the company is seeing fewer loads per week.

Fortune

Can America Get Out of the Gerontocracy Trap?

If voters so overwhelmingly prefer younger candidates, why are they underrepresented in politics?

Reason

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Salon

Passive investing goes Hollywood

The premise of "Tune Out the Noise" might not work as well in today's economy, analysts say

The Fashion Central

Rachel Reeves Blasted for Dragging UK Into Trump Trade Chaos With Tax Raid

Chancellor Slammed for UK Economy Woes as IMF and Tories Say Stop Blaming Trump

The Guardian - UK

Giorgia Meloni faces awkward weekend at funeral of pope whose values she opposed

Italian PM and pontiff could not have been further apart on issues such as migration, climate crisis and economy

International Business Times

Trump Tariff Promises Get A Reality Check

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.

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The Guardian - US

US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

Reason

As the Economy Tumbles, so Does Trump's Approval Rate

There isn't much public enthusiasm for the president's chaotic style.

Evening Standard

Trade links across the Atlantic will survive the tariff storms

But a more innovative, business-friendly attitude would not go amiss in the UK

Barchart

Warren Buffett 'Doesn't Mind Paying Taxes' But Says 'Everybody I Know’ Is Worried About ‘Not Paying Taxes'

At the 2024 Berkshire Hathaway shareholders meeting, Warren Buffett reaffirmed his long-term, principled approach to investing by emphasizing that taxes are not a burden to avoid but a necessary contribution to a functioning economy.

International Business Times

Russia Holds Key Rate At Two-decade High Despite Slowdown Fears

Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown.

MarketBeat

3 Stocks Presenting Generational Buying Opportunities

Investors can hold onto Chevron, UPS, and The Campbell’s Company to collect solid dividends today and strong growth in a recovering economy

Al Jazeera

China pledges support for economy, dismisses US claims on tariff talks

Beijing dismisses President Donald Trump’s claims of being engaged in tariff negotiations.

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