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The Latest Breaking News from Economy

Tariffs not causing ‘dramatic’ shift in UK economy, Bank chief economist says

Huw Pill’s remarks come a day after the Bank cut interest rates to 4.25% and lowered its outlook for UK economic growth next year.

Evening Standard

How William Howard Taft’s approach to government efficiency differed from Elon Musk’s slash-and-burn tactics

For four months, the world’s richest man has played an unprecedented role in U.S. government. At the start of his 2025 term, President Donald Trump asked Elon Musk to cut government “waste and fraud.” That translated into the Musk-driven firing of 121,000 federal workers, essentially closing entire government programs and…

The Conversation

Why is Trump so fixated on toys for little girls?

Asked about his tariffs’ impact, the president has repeatedly pointed to dolls – because they’re seen as feminine, childlike and frivolous

The Guardian - US

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US trade deal a ‘political win’ but will do little for UK growth, say experts

Sir Keir Starmer said the trade agreement struck on Thursday is a ‘historic’ deal, but economists played down the benefits for the economy at large.

The Independent UK

New digital borders are shaking up your company’s tech stack. Here’s how to adapt

The fracturing of the digital space represents a serious threat to multinational companies.

Fortune

Bank of England governor urges UK to rebuild EU trade ties as key summit looms

After US talks, Andrew Bailey says Britain must do everything it can to improve trading relations with bloc

The Guardian - UK

Crypto Casinos Surge to $81 Billion in 2024 Amid Global Scrutiny

One corner of the digital economy that hasn't let up in a year filled with volatility and regulation has been crypto casinos. These blockchain-based betting sites raked in a staggering $81.4 billion in gross gaming revenue (GGR) in 2024 alone, as stated in a study by Yield Sec. This was…

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Friday briefing: A big, beautiful trade deal – or a mugging from the school bully?

In today’s newsletter: There’s comfort for the UK’s steel and auto industries but still tariffs to pay as the results of Starmer’s charm offensive on Trump are revealed

The Guardian - UK

Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street

Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains

The Independent UK

‘Hollowing out’: New Zealand grapples with an uncertain future as record numbers leave

Surge of departures – mostly fleeing a weak economy – fuels concern over the longer-term impact on the country as some small towns scramble for survival

The Guardian - AU

How do you get fresh blood in a 22-year-old, infamously impenetrable MMO? EVE Online hopes it's a 'player-created gig economy' that has veterans making missions for newbies: 'We're 100% sure that you will do a better job'

Space spreadsheets, meet space gig economy.

PC Gamer

Trump calls Fed Chairman Powell a 'fool' but despite relentless attacks, he may be keeping him around for one key reason

Trump previously said he could remove Powell “real fast,” but has since backed down.

Fortune

Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation

There will be relief for UK carmakers but not much else to celebrate: Trump’s whims still hang over the UK – and the world – economy, says Guardian columnist Gaby Hinsliff

The Guardian - UK

New UK-US trade deal is a relief for Starmer but doubts, and tariffs, remain

The deal definitely puts the UK in a better position, but its impact on the wider economy might be limited

The Guardian - UK

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Newsroom.co.nz

Nervous calm for world economy

April’s tariff chaos gives way to nervous calm. The trade war impacts on NZ are still unclear, so there is a high chance we will pull back 2026 growth forecasts. That said, we're still seeing enough economic supports to sustain momentum this year

The Independent UK

Trump and Starmer agree historic UK-US trade deal with tariffs slashed for Britain

Labour prime minister and US president hail agreement signed in the wake of ‘Liberation Day’ tariffs that threw the global economy into crisis

Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

MarketBeat

Uber’s Earnings Offer Clues on the Stock and Broader Economy

Uber just released its latest quarterly earnigns results, showing investors why the ceiling might be higher for this value compounded stock.

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Fortune

It's the norm for the Fed chairman and U.S. president to have a meeting—Powell says he's never asked for a sit-down and 'never will'

Jerome Powell has fought hard to keep the Fed out of political narratives, and said he would never request a meeting with President Trump.

International Business Times UK

Xi Jinping's £1.6 Trillion Stimulus to Safeguard China's Economic Standing – How Will Trump Respond?

China's Xi Jinping is arming the economy with massive stimulus and rate cuts to counter Trump's tariffs. Will it tip the scales in upcoming US trade talks?

Evening Standard

NI university leaders unite to call for political agreement on tuition fee rise

Queen’s University, Ulster University and The Open University have warned that the current funding arrangements are ‘no longer sustainable’.

Evening Standard

Starmer promises ‘defence dividend’ through hike in military spending

The Prime Minister said the increase in spending to 2.5% of GDP will boost the economy and be felt in the pockets of workers.

The Guardian - UK

Bank of England cuts interest rates to 4.25% and welcomes US-UK trade deal – as it happened

Bank policymakers split 5-2-2 over this month’s interest rate decision

The Independent UK

The Bank of England is expected to cut interest rates in the face of US tariffs threat

The Bank of England is widely expected to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration

The National (Scotland)

How Donald Trump's tariffs have impacted Scotch whisky sales – in figures

THE world’s economy is still reeling from Donald Trump’s “liberation day” on April 2 – which saw him levy tariffs on almost every country…

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