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The Latest Breaking News from Economy

The 10 Industries That Exist 'Only To Service The Very Rich'—From $750,000 Mattresses To Horse Massages And Tiara Repairs

Reddit recently lit up with thousands of responses to the question: “What’s an industry that exists only to service the very rich?” The answers, drawn from firsthand experiences and industry insiders, reveal just how many entire businesses cater exclusively to the ultra-wealthy.

Benzinga

The U.S. Government Doesn't Want You To Read This Report on Israel's Business Deals

Whether or not one accepts the report's characterization of Israel's actions, the report itself is an interesting read on the economics of war.

Reason

Hungary clings to Russian oil and gas as EU and NATO push to cut supplies

Hungary remains firm in maintaining its supplies of Russian oil and gas, even as the European Union accelerates efforts to cut Russian energy imports

The Independent UK

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Dollar Falls as US Government Remains Shutdown

The dollar index (DXY00 ) on Friday fell by -0.12%. The ongoing shutdown of the US government weighed on the dollar as the shutdown entered its third day on Friday. The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate, a...

Barchart

Stocks Soar, Jobs Drop, Tariffs Feed Inflation: Is It The October Effect?

October 2025 is kicking off with a confusing mix of economic signals. Wall Street is rallying, and some analysts are betting on more interest rate...

Saving Advice

Dollar Pressured by US Government Shutdown and Weak Services News

The dollar index (DXY00 ) today is down by -0.19%. The ongoing shutdown of the US government is bearish for the dollar as the shutdown enters its third day today. The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate. The...

Barchart

US Delays Key Jobs Report Due To Government Shutdown

The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy.

International Business Times

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Why do so many global payments still require a layover in New York?

The New York-based correspondent banking system is a relic. Both the city and the global economy would be better without it.

Fortune

Cuba’s leaders see their options dim amid blackouts and a shrinking economy

The lights went out in Cuba again.

The Conversation

Kemi Badenoch is just ‘a Reform tribute act’, claims Ed Miliband as he lashes out at Tory climate policy

The energy secretary has written for The Independent condemning the Tory leader’s decision to ditch net zero policies

The Independent UK

Here's why the US shutdown may prove more painful than past crises

Government shutdowns aren't uncommon in the US, but this one could be more damaging that prior crises. President Trump is threatening permanent job cuts at a time when the labour market is already weak.

Euronews

Germany marks 35 years of unity, despite persistent East-West divide

Germany marks 35 years since its reunification on Friday, but the country’s East-West divide continues to shape its economy and its political landscape.

Radio France Internationale

As Tories vow to scrap ‘failed targets’, how do their climate claims stack up?

We fact check Kemi Badenoch and her party after she promised to repeal Climate Change Act if they win power

The Guardian - UK

Elizabeth Warren Demands Trump Release September Jobs Report, Accuses President Of Keeping Public In The Dark On Economy: 'The Fed Is Flying Blind'

Sen. Elizabeth Warren (D-Mass.) accused President Donald Trump of deliberately withholding the September jobs report by using the U.S. government shutdown as cover for doing so.

Benzinga

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The Independent UK

Consumer confidence in economy falls to lowest point this year

The number of people feeling that the economy is worsening has increased to 62%, up from 43% at the start of the year, KPMG found.

The Conversation

US economy is already on the edge – a prolonged government shutdown could send it tumbling over

The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin.

The Guardian - US

Government shutdown could cost US economy billions of dollars a week, analysts say

According to one report, each week of shutdown could cost up to $7bn, with another suggesting a $15bn loss in GDP

International Business Times

Closing the Loop: How Green Network Exchange Turns Corporate E-Waste into Renewed Value

Green Network Exchange, Inc. (GNE) delivers services tailored to corporate clients while encouraging employees, tenants, and partners to adopt more sustainable behaviors that contribute to a greener, more circular technology economy.

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The Independent UK

Air Canada is now serving free beer, wine and snacks to economy passengers on every flight

Previously, the Montreal-based carrier only served free alcohol and food to economy passengers on long-haul flights

The Conversation

How Canada can support rural regions in its net-zero transition

As Canada advances toward its 2050 net-zero emissions target, it’s facing a fundamental challenge: ensuring all parts of the country can participate in and benefit from the transition to a clean economy.

The Independent UK

Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage

Latin Times

Democrats Are Failing To Recover Latino Support Even As They Sour On Trump: Poll

Despite being much more disapproving of President Donald Trump since he took office, especially due to the handling of the economy, few Latinos are unlikely to withdraw their support for the Republican party, according to a new poll

The Conversation

How the arts strengthen newcomer settlement in Canada

Settling in a new country is often imagined as a sequential process, built on a supposed hierarchy of needs. You accomplish one priority, then another, and another and then you’re integrated into the country and economy.

Fortune

How high-cost Switzerland stayed a manufacturing powerhouse in the offshore era

What is the lesson of Swiss Fortune 500 companies—such as dsm-firmenich—for the rest of Europe, and the world?

Caixin Global

China’s New Economy Industries Rise on Labor, Tech Gains

The Caixin BBD New Economy Index rose to 31.2 in September, up 1.3 points on the month

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