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The Latest Breaking News from Economy

Argentina's Milei unveils bold plan to lure billions in undeclared dollars back home

Argentina’s government has unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone country

The Independent UK

Dollar Moves Higher on Signs of US Economic Strength

The dollar index (DXY00 ) Thursday rose by +0.37%. The dollar moved higher Thursday on signs of strength in the economy after weekly jobless claims fell to a 1-month low and the May S&P manufacturing PMI unexpectedly increased, hawkish factors for Fed policy. However, gains in the dollar are limited...

Barchart

Trump Official Banking on 'Growing Economy' to Offset Tax Cuts Sparks Backlash Online: 'My Grandchildren Are Screwed''

A senior Trump administration official sparked online backlash after being asked how the cost of tax cuts provided by the GOP spending bill would be counteracted, stating that the administration was depending on the future possibility of a growing economy.

Latin Times

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JP Morgan CEO Jamie Dimon says Trump’s tax bill will ‘stabilise things’ - but there’s still one big problem

‘There's a chance that [...] you'll have stagflation,’ the JP Morgan Chase CEO said Thursday

The Independent UK

Two steps Scotland can take to defeat the far-right for good

John Swinney in organising his recent conference against the far right shows that he understands the looming political crises, but it just adds to…

The National (Scotland)

Dollar Supported by Strong US Economic News

The dollar index (DXY00 ) today is up by +0.34%. The dollar is climbing today on signs of strength in the economy after weekly jobless claims fell to a 1-month low and the May S&P manufacturing PMI unexpectedly increased, hawkish factors for Fed policy. However, gains in the dollar are...

Barchart

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

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Combatting short-term pressures with a digital circular economy approach

The digital economy and what it shows us about building digital products that can evolve.

TechRadar

South Africa’s honeybush sector must transform from its unjust past: what needs to change

The biodiversity economy is made up of businesses and economic activities that use living species and ecosystems to make profits without damaging the environment. But in South Africa, it is haunted by economic racism, with Indigenous people still not in control of the biodiversity economy. A good example of what’s…

The Conversation

Dimon backs Fed's 'wait-and-see' rate cut strategy despite Trump’s criticism of 'Too Late Powell'

JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.

Fortune

‘Haunting silence’ as tourists avoid Kashmir amid India-Pakistan tension

The decline of tourists in the scenic Himalayan region of Kashmir has had a ripple effect on the local economy

The Independent UK

UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

April figure more than expected and comes despite increase in employer national insurance contributions

The Guardian - UK

Asian Equities Track Wall St Sell-off As US Deficit Fears Grow

Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.

International Business Times

James Carville labels charges against Democratic lawmaker over ICE clash a Trump ‘distraction’ from tanking economy

Veteran Democratic strategist says he believes the charges leveled against LaMonica McIver motivated by race

The Independent UK

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Evening Standard

Prominent Brexiteer declares he is a French farmer as takes sideswipe at EU

A Tory former Cabinet minister presses the Government in Parliament over its ‘reset’ deal with the bloc.

Roll Call

Republican gains among Latino voters face 2026 test in California - Roll Call

The midterm elections will test the durability of Latino voters' shift toward Donald Trump, especially in several California districts.

Barchart

Meta’s Mark Zuckerberg Spent Over $60 Billion Quietly Creating a New ‘Massive Economy’ Worth What ‘Could Be Trillions’

Despite Mark Zuckerberg's ambitious 2022 vision of a billion people engaging in commerce within the metaverse by the end of the decade, Meta has made progress but remains far from this goal.

The Guardian - AU

You would think after nearly three years of being wrong, the RBA might start to question its economics. But no

Now that inflation is back within the target range, suddenly the RBA has rediscovered that it is supposed to also care about full employment

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Evening Standard

Starmer indicates partial U-turn over winter fuel payments squeeze

Sir Keir Starmer told MPs he wanted more pensioners to be eligible for the payment after Labour’s decision to means-test it after coming into office.

Evening Standard

Starmer to look at making more pensioners eligible for winter fuel allowance

The Prime Minister has faced pressure to change course over the squeeze on benefits.

The Conversation

Politics with Michelle Grattan: Jim Chalmers on keeping Australia out of recession amid the ‘dark shadow’ of global instability

This week, the Reserve Bank delivered welcome news for mortgage holders, with another 25 basis points rate cut.

The Guardian - UK

Keir Starmer confirms U-turn on winter fuel payment cuts

Government to loosen eligibility rules for pensioners in face of backlash against decision to means test benefit

The Independent UK

Keir Starmer: I want to make more pensioners eligible for winter fuel payments

Sir Keir said the Government would act after first needing to ‘stabilise the economy with tough decisions’.

Barchart

Stocks Slip Before the Open as Bond Yields Climb on U.S. Debt Fears, More Retail Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are down -0.70%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.67% this morning as Treasury yields continue to rise on worries about U.S. government debt while U.S. President Donald Trump pushes to advance his tax bill.

Euronews

Japan shipments to US decline as trade tariffs slow export growth

The world's fourth-largest economy is one of the hardest hit by the US administration's elevated trade tariffs on cars, resulting in Japanese exports slowing in April.

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