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The Latest Breaking News from Economy

Japan confirms Q2 GDP to be 2.2% despite US tariffs, hours after PM resigns

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated. The data was published hours after Prime Minister Shigeru Ishiba announced his long-awaited resignation following his party's defeat in the summer elections.

Euronews

Japan's economy grew at faster rate in fiscal Q1 than initially thought on healthy consumer spending

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about U.S. tariffs and domestic political uncertainty, according to government data

The Independent UK

Alexander hails ‘defence dividend’ for Scotland from new UK Government strategy

The UK Government’s Defence Industrial Strategy will provide a ‘real boost’ for Scotland’s economy, Scottish Secretary Douglas Alexander said.

The Independent UK

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Trump floats new sanctions after Russia’s largest air assault on Ukraine

US Treasury Scott Bessent says tougher sanctions can bring Russian economy to ‘full collapse.’

Al Jazeera

The most troubling feature of the job market is how thinly spread gains are, top economist says — 'this only happens when the economy is in recession'

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

Fortune

Big business seeks new dawn for environmental laws

As Anthony Albanese ties the clean energy transition to economic growth in a major speech, the business lobby is urging a streamlined project approvals process.

AAP

‘All fun and games until…’: Air Canada passenger tries the ‘window seat trick’ on 14-hour flight. Here’s why people say it won’t always work

In the halcyon days of the 20th century, air travel was designed to be comfortable for all passengers—not just the ones in first or business class. Those days are long gone for we plebes in economy, unfortunately. The seats are small, the legroom nonexistent, and the refreshments subpar or nonexistent.

The Mary Sue

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U.S. economy should take off by fourth quarter, Bessent predicts

The government's own data says inflation's up and the job market's weakening, but Bessent sees otherwise.

Axios

Senegal leader announces cabinet reshuffle, pledges to work around the clock

Senegal's government has replaced the justice and interior ministers in a cabinet shake-up, pledging a "government of commitment and combat" as the country tries to revive its economy.

Radio France Internationale

US Labor Market On The Edge: Moody's Economist Warns Shrinking Workforce Signals Looming Economic Recession

The U.S. labor market is showing alarming signs of contraction, prompting Moody’s Analytics‘ top economist Mark Zandi to warn that a full-blown recession could be on the horizon.

Benzinga

Sorry, purists: the Coachella-fication of the US Open is here to stay

Once the people’s slam, New York’s major now doubles as a lifestyle carnival where attending is no longer just about watching, but being seen watching

The Guardian - US

'Build, Baby, Build': Canada PM's Plan To Counter Trump

On the night he won Canada's election, Prime Minister Mark Carney summarized his plan to jumpstart the country's economy in response to President Donald Trump's threats.

International Business Times

The Fed got it wrong and is late again, top economist says, as job gains collapse

"So could they play catch-up? Yes, they could. Hopefully they will, but it's a more risky operation than a lot of people expect it to be."

Fortune

Drug testing plan hopes to salvage flagging nighttime economy

DRUG checking and testing in city centres could help reduce Scotland’s appalling drug death toll, it has been claimed.

The National (Scotland)

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The Guardian - US

What the ‘is Trump dead?’ rumours reveal about our current moment

Speculation that swirled on social media offered an insight into conspiracy theories online, liberal fantasies and the attention economy

Newslaundry

Hafta letters: Video games, weakening economy, online betting

Yoshimitsu

Evening Standard

Parents were ‘feeling the pinch’ ahead of back-to-school season, survey finds

Which?’s tracker highlighted households’ concerns about the economy, household finances and the cost of everyday essentials.

We Got This Covered

‘Turns out firing the ref doesn’t change the score’: Job growth slows to a 16-year low under Donald Trump

More bad news, maybe Trump will fire them too.

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The Independent UK

There’s no more denying it – Trump risks a recession on his watch

ANALYSIS: Trump returned to the White House promising a better economy. But every sector has taken a huge beating as Americans feel the effect of his tariffs, Eric Garcia writes

The Guardian - US

Revisions and rising unemployment: what to know about the US jobs report

August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned

Reason

MAGA Economics Is Losing

Trump promised that protectionism and immigration enforcement would be good for the economy. The latest jobs report tells a different story.

Benzinga

Wall Street Retreats, Broadcom Rallies, Gold Smashes $3,600: What's Moving Markets Friday?

A rather disappointing jobs report is challenging Wall Street's optimism over looming rate cuts, as labor market weakness stirs fresh concerns about the economy.

Benzinga

D.R. Horton Stock Is Rising Friday: What's Going On?

Shares of D.R. Horton Inc (NYSE:DHI) are trading higher Friday morning, boosted by a weaker-than-expected August jobs report that intensified investor bets on imminent interest rate cuts from the Federal Reserve. The U.S. economy added just 22,000 jobs, far below forecasts, signaling a significant labor market slowdown.

Kiplinger

Dismal August Jobs Report Offers Rate-Cut Relief: What the Experts Are Saying

The August jobs report came in much lower than expected, lifting the odds that several rate cuts will come through by year's end.

Fortune

Multimillion-dollar restaurant CEO splurged on Range Rovers and McLarens—but now he's 'mindful' about spending because the economy is so unpredictable

Millennial founder and CEO of Big Dave’s Cheesesteaks, Derrick Hayes, splurged on Bentleys, a Range Rover, and McLaren after achieving multimillion-dollar success. But he says he’s spending more wisely as the economy is too uncertain.

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