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The Latest Breaking News from Economy

British PM Vows AI Will Usher In 'Golden Age'

Prime Minister Keir Starmer on Monday laid out his vision to harness the power of artificial intelligence to boost Britain's flagging economy, promising flexible regulations amid concerns about the technology's unchecked use.

International Business Times

Pound slides to fresh 14-month low as stocks fall; rise in UK borrowing costs reverses – as it happened

Dollar jumps to over two-year high against major currencies as bets on US rate cuts recede; UK 30-year government bond yield eases after hitting fresh 27-year high

The Guardian - UK

China Saw Booming Exports In 2024 As Trump Tariffs Loom

China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.

International Business Times

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Three Ways President Trump Could Impact the Economy

Some of Trump's top priorities could boost economic growth, but others risk fueling inflation.

Kiplinger

UK must not let AI ‘wash over our economy’, says Science Secretary

Peter Kyle is set to unveil the UK’s AI action plan alongside the Prime Minister on Monday.

Evening Standard

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

AAP

U.S. Economy Doing "Quite A Bit Better" Than Expected, Says IMF Chief

She also warned that the strong US dollar could lead to higher funding costs for emerging market economies.

International Business Times

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US Job Growth Surges, Unemployment Falls Unexpectedly

U.S. job growth exceeds expectations, indicating a strong economy with potential inflationary pressures. President Biden addresses rising costs, businesses...

Top News

‘So immoral’: gig economy workers charged fee to get paid quicker

Retail assistants on low pay using YoungOnes platform told to wait up to 30 days for earnings or be charged for quick payment

The Guardian - UK

Fed rate cuts are already over after they barely started as blowout jobs report shifts focus to hikes, BofA says

"Inflation is stuck above target and risks are skewed to the upside. Economic activity is robust. We see little reason for additional easing."

Fortune

How a robot cafe in Tokyo aims to empower – not replace – human workers

Inventor Kentaro Yoshifuji’s robots allow people to work at the Dawn cafe from anywhere in the world – ‘teleportation’ technology that could open up new demographics for Japan’s flatlining economy. Adam Withnall reports from Tokyo

The Independent UK

Reeves vows to stand by fiscal rules to achieve stability despite market turmoil

UK chancellor made comments during visit to China where agreements were made worth £600m to UK economy

The Guardian - UK

Labour urged to change course to avoid 'crisis point' as economy tanks

LABOUR have been warned they must change course urgently or risk bringing the country to a “crisis point” amid a series of dire economic…

The National (Scotland)

UK Finance Minister Begins China Visit Amid Govt Bond Crisis

British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world's number two economy as UK borrowing costs soar.

International Business Times

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The Independent UK

Reeves defiant over China trip in face of growing criticism and economic turmoil

Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

The Guardian - UK

Glasgow needs an economy strong enough to sustain its heritage

Letters: It needs to realise its Victorian buildings are an asset rather than a liability, writes Richard Owen; plus a letter from Douglas Anderson

Kiplinger

Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying

The strongest surge in hiring since March keeps the Fed on hold for now.

Evening Standard

US jobs data sparks Wall Street sell-off while pound slump continues

Global stock markets were in the red on Friday as investors reacted to stronger-than-expected labour market data from the world’s largest economy.

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news in one place.

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The Guardian - AU

Soaring air fares between Melbourne and Sydney see travellers take 11-hour train

Exclusive: Seats on Sydney-Melbourne train service regularly sell out over holiday period, as one-way flights to Tullamarine average almost $500

The Guardian - US

US job market soars past expectations in last report before Trump retakes White House

Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency

The Independent UK

US sees unemployment drop further after strong jobs report from the holidays

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates

International Business Times

All Eyes On Final Jobs Report For 2024: What To Expect In 2025

The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.

The Independent UK

Cabinet minister defends Rachel Reeves trip to China during economic crisis

The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis

The Guardian - UK

Minister defends Rachel Reeves’ China trip amid market turmoil – as it happened

Lisa Nandy says chancellor’s visit to China is ‘right and proper’, despite continued bond market sell-off

Radio France Internationale

Who is Alcide Ponga, New Caledonia's new pro-French president?

The French Pacific territory of New Caledonia has named French loyalist Alcide Ponga as its new head of government, as the archipelago attempts to recover from months of violent unrest that has left the economy in tatters.

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