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The Latest Breaking News from Economy

Illegal tobacco burns $3.3bn hole in Australia’s tax revenue, crime agency says

ACIC report says total impact of illicit trade on economy amounted to $4bn in a year amid debate over cigarette excise

The Guardian - AU

Labour’s immigration crackdown could cost the UK £4.4bn, Home Office’s own assessment admits

Starmer’s plan to make it harder for international students to stay in the UK will have a drastic impact on the economy, government assessment finds

The Independent UK

It's the Economy, Not the East Wing, Stupid

Democrats' Election Day victories are downstream of Trump's misguided economic policies.

Reason

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‘We’re leading the way’: Starmer defends plans for green economy before Cop30

PM defies critics calling for a slowdown as he flies to Brazil, where he may have frosty reception after opting out of tropical forest fund

The Guardian - UK

Side Hustles That Still Pay in 2025 (And 3 That Don’t)

Side hustles have become a staple for anyone looking to boost their income, pay off debt, or fund a personal goal. But as the economy and technology shift, not every gig is worth your time. Some side hustles that paid well a few years ago just don’t cut it anymore,…

Clever Dude

Three reasons why so many economists disagree with Donald Trump’s tariffs

Tariffs on imports have been at the heart of Donald Trump’s economic policy since the start of his second term in the White House. And while the president believes that tariffs will be beneficial to the US economy, many eminent economists disagree. Here are three reasons why.

The Conversation

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

Fortune

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Election results' message: Americans want things cheaper

ABC exit polling found the economy was the top issue for Virginia voters.

Axios

Mediocre movies, millions in taxpayer cash: how scores of films from low-profile UK producer were funded mainly by public money

Creative industries are ‘crucial to the economy’ but film-making and tax have long had an uneasy relationship in Britain

The Guardian - UK

Corporate America is trying to tell us something about the economy, top analyst says: A 3-year recession for ‘much of the private economy’ ended in April

Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”

Fortune

The innovation blind spot: how Silicon Valley ignores Middle America

If we want to strengthen our economy and secure our future, we need to broaden our definition of what counts as “innovative.”

Fortune

China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy

Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan.

The Conversation

Mali’s economy near standstill amid JNIM fuel attacks

An ongoing fuel blockade initiated by the JNIM jihadist group in Mali has brought the landlocked Sahel nation’s economy to a near standstill. In an effort to isolate the capital, Bamako, and exert pressure on the ruling junta, the militants have intensified their attacks on fuel tankers, prompting Western governments…

Radio France Internationale

50 Cent Invests Millions in Shreveport, One of America's Most Needy Cities, to Build New Entertainment Empire

Rapper-turned-mogul 50 Cent has become one of the largest private property owners in Shreveport, Louisiana, and is investing in a $50 million entertainment district in an effort to boost the city's economy.

International Business Times UK

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Benzinga

Elon Musk, Mark Zuckerberg And Other Top US Billionaires Add $698 Billion Amid Soaring Inequality — Could Trump's Policies Create First Trillionaire?

America’s richest are pulling even further ahead. In the past year alone, the 10 wealthiest U.S. billionaires added $698 billion to their fortunes — a surge that underscores the wealth divide in the world’s top economy.

Evening Standard

Brexit and austerity still causing ‘major problems’ for economy – Phillipson

Education Secretary Bridget Phillipson’s comments came after Chancellor Rachel Reeves prepared the ground for tax hikes in her November 26 Budget.

The Independent UK

Minister doubles down on Reeves’ doom warning: ‘We will do what’s right for the future of our economy’

While the education secretary insisted the government takes its manifesto pledges seriously, she said there are ‘major problems’ plaguing the economy

The Guardian - UK

Fixing Britain’s worklessness crisis will cost employers £6bn a year, report says

The Keep Britain Working review, created to tackle the rising tide of ill health pushing millions out of work, reported its findings ahead of this month’s budget

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Evening Standard

Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr

The economic think tank said the Chancellor needed to make ‘brave choices’ at the upcoming November 26 Budget.

Evening Standard

UK economy ‘bleeding out’ with brain drain in science and tech, peers warn

The Science and Technology Committee said Britain should be ‘rolling out the red carpet rather than red tape’ for highly skilled professionals.

Grocery Coupon Guide

The Grocery Aisle That Shows Exactly How the Middle Class Disappeared

The American middle class, once the powerful engine of the economy, is shrinking. This “hollowing out” of the middle is not just an abstract economic theory. It is a reality that you can see for yourself in the aisles of your local grocery store. The ice cream aisle, in particular,…

International Business Times

Automation to Trust: The New Currency of Growth

In an AI‑driven economy, where every release carries risk, it is engineering leadership that turns that risk into resilience.

The Conversation

University still pays off – even in lower-wage Britain

In the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.

AAP

Stubborn workplace racism sparks call for major inquiry

From exploiting migrants to hindering careers, persistent workplace racism prompts calls for an inquiry similar to the national probe into sex discrimination.

Fortune

Goldman Sachs CEO debunks AI job replacement hysteria, saying humans will adapt like they always do: ‘Our economy is very nimble’

“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible,” said David Solomon.

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