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The Latest Breaking News from Economy

7 Remote Freelance Gigs Growing Faster Than You Think in 2025

The freelance economy is booming and remote work is leading the charge. According to The Business Research Company, the freelance market is expected to surge to $8.39 billion this year, growing at an annual rate of 14.5%. Thanks to new tech and shifting workplace norms, some freelance gigs are quietly…

Beating Broke

The Latest: Wall Street and US trading partners worldwide react to Trump's latest tariffs

The U.S. has begun officially levying higher taxes on imports from dozens of countries Thursday, four months after President Donald Trump first announced plans to impose tariffs on most of the world while seeking new trade agreements across the board

The Independent UK

The Latest: US import taxes hit levels not seen in nearly 100 years

President Donald Trump began levying higher import taxes on goods from dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats begins to create visible damage to the U.S. economy

The Independent UK

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Voices: How the cut in interest rates might come back and bite us all

COMMENT: The flagging UK economy will get a badly needed boost from the Bank of England’s third rate cut of the year – but, says James Moore, given an unexpected jump in inflation, there could now be several unintended consequences

The Independent UK

Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100-year high

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

The Independent UK

China’s exports grow despite tariff turmoil as trade pivots to Africa

While a trade deal with the US is still being fine-tuned and talks are underway, the Chinese economy reports export growth and a rerouting of trade to Africa.

Euronews

Germany Factory Output Lowest Since Pandemic In 2020

German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.

International Business Times

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The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023

The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy

The Independent UK

Bank of England cuts interest rates as it warns food costs could push inflation to 4%

Policymakers cut base rate by quarter-point to 4% amid concern about strength of UK economy

The Guardian - UK

The U.S. economy may be ‘bad to ugly’ right now, but investors are loving every minute of it

Stocks sink as weak job growth and rising tariffs push the U.S. economy from “bad to ugly.”

Fortune

Stocks Climb Before the Open on Chip Tariff Relief and Ukraine Truce Hopes

September S&P 500 E-Mini futures (ESU25) are up +0.81%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.78% this morning as U.S. President Donald Trump’s 100% tariff threat on chip exporters included exemptions for firms investing in the U.S., while hopes for a truce in Russia’s war with Ukraine…

Barchart

Data reveals worst sectors for gender pay inequality in Australia

Starkest earning gaps for pathologists, stockbrokers and nurses as report warns workplace gender segregation ‘a handbrake’ on economy

The Guardian - AU

What Tariffs Mean for Your Sector Exposure

New, higher and changing tariffs will ripple through the economy and into share prices for many quarters to come.

Kiplinger

Fed Official Lisa Cook Flags 'Concerning' Jobs Report, Calls It 'Typical Of Turning Points' In US Economy

The recent jobs report has raised eyebrows at the Federal Reserve, with Governor Lisa Cook voicing her worries about what it could mean for the U.S. economy.

Benzinga

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The Guardian - UK

Bank of England poised to cut interest rates

Quarter-point reduction expected, with City investors predicting a three-way split among rate setters

International Business Times

China Says Trade Jumped In July, Beating Forecasts

China's exports beat expectations and rose 7.2 percent year-on-year in July, official data showed Thursday, as overseas shipments buoyed its struggling economy even as it navigated a shaky trade war truce with the United States.

International Business Times

Bank Of England Set To Cut Rate As UK Economy Weakens

The Bank of England is widely expected to cut its key interest rate Thursday, with policymakers mindful of US tariffs and their potential risks to an already-struggling UK economy.

Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy

As Rusty Foster, author of the widely read media blog Today in Tabs, puts it: “Our economy might just be three AI data centers in a trench coat.”

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Evening Standard

Bank of England ready to cut interest rates as jobs market slows, experts say

The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce the base rate by 0.25 percentage points to 4% on Thursday.

The Independent UK

Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

YOUR VIEWS: Our community is split on how Rachel Reeves should resolve her fiscal trilemma, with readers divided between raising taxes, cutting spending, relaxing borrowing rules or boosting growth through closer EU ties

Euronews

Despite tough talk, most Canadian, Mexican goods dodge new Trump tariffs

Canada and Mexico have been at the centre of Trump's tariff positioning from day one, but it seems that the pre-existing USMCA deal protects most goods from US tariffs.

Evening Standard

Starmer defends handling of economy but declines to rule out tax hikes

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

Fortune

Who’s on Trump’s short list for Jerome Powell’s replacement

Trump confirmed Treasury Secretary Scott Bessent declined the role, saying, “I want to work with you,” while market-watchers weigh how each candidate could impact Fed independence and dollar strength.

GOBankingRates

How To Prevent a Rocky Economy From Derailing Your Financial Goals

With a few grounded strategies and a little flexibility, you can keep moving forward -- even when the economic forecast looks a little stormy.

The Independent UK

Edmunds: The best used hybrid sedans for under $25,000

Saving money by purchasing a lightly used car is easy, especially if it has a fuel-efficient hybrid powertrain

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