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The Latest Breaking News from Economy

Labour benefit cuts 'to cost UK economy £38bn per year', expert report finds

Labour's cuts to benefits and welfare payments are costing the economy tens of billions in lost productivity every year, according to a new report…

The National (Scotland)

Trump proposal may gut climate modeling

Potential funding cuts for NOAA and its research partners threaten irreparable harm to climate research and safety

Salon

Spain's economy grows at slightly slower pace at the start of the year

The nation is still outperforming many European peers, with consumption set to remain robust as the year continues.

Euronews

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Trump live: President’s unprecedented budget proposal alarms some key Republicans

Despite steep cuts to non-defense discretionary spending, huge military parade still being planned for president’s birthday in June

The Independent UK

“Chaos is the new order”—Fortune 500 Europe Michelin CEO says agility is antidote to global trade wars

Rapid changes in the global economy pose challenges for multinationals with cross-border supply chains. Michelin's CEO Florent Menegaux tells Fortune how the company is navigating the turbulence.

Fortune

Labour’s benefit cuts will cost UK economy billions, charity says

Trussell report finds that higher levels of poverty mean Britain is losing out on £38bn a year of potential output

The Guardian - UK

The Telo MT1 May Be Tiny, But It's Still Built For Hard Work

The graveyard of EV startups is already crowded. And that list could get even longer if America continues with its hostile trade policies. Building a new car company in this economy takes guts. But it’s also true that the EV industry is only now starting to explore the true potential of…

InsideEVs

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Almost Two In Three Latino Voters Now Have An Unfavorable View Of Trump As Tariff-Related Economic Concerns Mount

Almost two in three Latinos now have an unfavorable view of President Trump as his trade war threatens to upend the economy, the demographic's main concern

Latin Times

The State Of New York Is Picking A Really Dumb Fight With Tesla

New York wants to be a leader in electrification. With an economy that's larger than Canada's and a relatively wealthy, relatively progressive population, you'd think the EV transition would come easy. There's certainly plenty of money behind it. But there's only one issue, one that sits at the center of…

InsideEVs

Trump’s first 100 days: economic uncertainty spikes while the president’s approval ratings tank

When US president Donald Trump took office in January he inherited a strong economy, which was growing faster than those of many of its rivals. Nevertheless, he won the election in November on the back of strong voter dissatisfaction with the economy, especially the cost of living. This is the…

The Conversation

The Coalition denies emissions will be higher if it wins the election. What do the facts say?

We break down the major parties’ climate claims, counter-claims and policies – and find out what the experts say

The Guardian - AU

Maga’s sinister obsession with IQ is leading us towards an inhuman future

A coalition fixated on intelligence is staking the US economy on AI – which will devalue the very skills the right fetishises, says author Quinn Slobodian

The Guardian - UK

Oshikatsu, the fandom phenomenon Japan hopes can boost its flagging economy

Posters in Tokyo’s enormous Shinjuku railway station are normally used for advertising commodities like cosmetics and food, as well as new films. But occasionally you may happen across a poster with a birthday message and a picture of a young man, often from a boy band and typically with impeccable…

The Conversation

BlackRock’s Larry Fink is all in on U.K. after country found its ‘capitulation point’

Larry Fink is hitting the U.K. economy with all guns blazing, provided he can find the office space.

Fortune

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Latin Times

Stock Markets Mostly Rise As Investors Eye Trade Talks

Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.

Evening Standard

Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

The Guardian - UK

US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Canada set to vote in election overshadowed by Trump’s tariff and annexation threats

Liberal party looked headed for defeat until American president began threatening Canada's economy and sovereignty

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The Independent UK

China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports

Bangkok Post

Checks underway on 700,000 Thai mobile phone numbers of foreigners

Authorities will verify the names of foreign subscribers of 700,000 mobile phone numbers before deciding whether to terminate their mobile banking services in Thailand in June, according to the minister of digital economy and society (DES).

The Guardian - UK

UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

The Independent UK

Expanding UK fruit and veg growing ‘could add £2.3bn to the economy’

Green Alliance said the £5 billion horticultural sector accounts for 9% of the total contribution agriculture makes to the economy.

Barchart

Why Company Narratives Matter More Than Macro Fears

In a market drowning in noise, real outperformance comes from tuning out macro fear and tuning into company narratives quietly rewriting the future

The Guardian - AU

Pro-gas group with link to Liberal party referred to ACCC over alleged misleading claims

Integrity organisation claims Australians for Natural Gas overstates role of gas in economy and failed to disclose directors’ links to industry on website

Al Jazeera

In Canada’s election, voters appear on track to rebuke Trump’s trade war

Trump’s tariffs have sparked a wave of Canadian national pride and an abrupt shift towards the Liberals.

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