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The Latest Breaking News from Economy

Starmer: Spending review marks new phase after first year of ‘cleaning up mess’

Sir Keir Starmer said Labour spent most of its first year since winning power in July 2024 taking ‘tough but necessary decisions’.

Evening Standard

Immigration Raids Disrupt Businesses in Southern California and Beyond

Graduation parties, medical appointments, playing outside are all too risky. “I’m scared to death to leave my house.”

Capital & Main

The Fastest Dying Industries in the U.S.—And Who’s Getting Rich Off It

The American economy is always shifting—constantly evolving like a living organism. As new technologies emerge and consumer behavior changes, entire industries that once thrived find themselves on life support. Some are fading quietly into history, while others are collapsing with loud headlines and mass layoffs.

Everybody Loves Your Money

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Nvidia CEO Jensen Huang Doesn’t Think The U.S. Has as Big of an Advantage in AI as We Think, ‘Huawei Will Have China Covered’

Nvidia CEO warns U.S. tech export bans may backfire, boosting China’s self-reliance and weakening America’s innovation and economy.

Barchart

Scottish economy 'to outstrip UK, France, and Germany in 2026', top firm projects

Scotland's economy is set to outstrip the UK’s as a whole in 2026, according to a top financial firm

The National (Scotland)

FTSE 100 closes near record high, and oil price falls, on reports Iran seeks talks with Israel – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Garmin Forerunner 970 Review: my new favorite sports watch

The Garmin Forerunner 970 offers hardware and software upgrades that make it the best Forerunner yet, and a convincing alternative to the Garmin Fenix 8.

Tom’s Guide

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China Factory Output Slumps But Consumption Offers Bright Spot

China's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy.

International Business Times

Global doom and gloom sinks Aussie economic optimism

With the world order under threat, Australian attitudes to the economy and security are the bleakest they've been in two decades, a Lowy Institute poll shows.

AAP

Policymakers who think AI can help rescue flagging UK economy should take heed

Healthy scepticism is needed because flaw is that large language models remain prone to casually making things up

The Guardian - UK

The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy

“If you’re always going on private jets, what inkling do you have about the real world?”

Fortune

BMW Thinks the 'Timing Is Right' For Hydrogen. Is It Really?

Battery electric vehicles are on the decline. Customers continue to shy away from EVs as more government entities pull back on their once-overly ambitious fuel economy standards. Automakers, too, have announced major investments in gas and hybrid powertrains as the market shifts.

Motor1

Upstart Stock’s Bull Case Just Got a Lot Stronger

Today's economy is set up to benefit a stock like Upstart, giving its business model all the right reasons to bring the stock higher in price.

MarketBeat

Voices: What is the cost to the economy of Israel’s attack on Iran?

COMMENT : Oil prices jumped on the news of the extraordinary attacks, posing the risk of inflation, while gold surged and share prices fell. So far, so familiar, writes James Moore – but there’s a reason investors should hold their nerves

The Independent UK

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The Guardian - UK

Overturning miscarriages of justice and boosting local businesses – the power of real-world university learning

Northumbria University’s hands-on approach to learning is providing highly skilled graduates for the workforce and helping to drive the region’s economy

The Independent UK

Consumer sentiment rose in June for 1st time this year as inflation remains stayed tame

Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China

Thousandaire

Why Some People Stay Broke on Purpose—And Don’t Even Know It

It’s easy to blame external circumstances for financial hardship, such as low wages, high rent, and inflation. But for some, the biggest obstacle to wealth isn’t the economy. It’s themselves. Many people unknowingly engage in self-sabotaging behaviors that keep them broke. It’s not because they want to be poor, but…

The Independent UK

Voices: ‘Tax the rich first’: Readers demand fairer burden as Reeves faces fiscal squeeze

YOUR VIEWS: Our community overwhelmingly believes that to tackle the UK’s economic challenges fairly, the wealthy must pay their share through higher taxes and reforms, while calling on the government to move beyond austerity and provide clear, responsible funding plans

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AAP

Biosecurity boost in move to protect powerhouse sector

A new $140 million biosecurity package has been announced in an attempt to protect a sector that is delivering $20 billion to the economy each year.

The Guardian - UK

Dublin is the only large European capital without a metro: what would Leopold Bloom make of that?

In James Joyce’s Ulysses, the city’s most famous fictional resident was as frustrated by its transport links in 1904 as many of us are today, says professor of political economy Dermot Hodson

The Conversation

Workers need better tools and tech to boost productivity. Why aren’t companies stepping up to invest?

As Prime Minister Anthony Albanese and Treasurer Jim Chalmers turn their attention to improving productivity growth across the economy, it will be interesting to see what the business community brings to a planned summit in August.

The Independent UK

Passenger removed from American Airlines flight for ‘moving a flight attendant’s carry-on bag’

The carry-on drama unfolded after travel blogger JT Genter moved a flight attendant’s bag on a flight from New York City to Heathrow

Evening Standard

Stocks mixed amid GDP miss and fresh trade worry

The UK economy fell at a faster pace than expected in April, numbers on Thursday showed, as services output slumped.

The Conversation

The UK’s small businesses should be fuelling the country’s growth ambitions. Here’s why that’s not happening

The UK government’s spending review has set out its priorities for the next three years. But behind the rhetoric about boosting growth lies growing concern about small businesses being locked out of the wider UK economy. Government funding and regulation are increasingly out of step with the reality of micro-enterprises…

The Guardian - UK

Dollar slides to three-year low while FTSE 100 hits record high

Investors turn away from weakening US economy and erratic policy after Trump repeats tariff threats

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