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The Latest Breaking News from Economy

Watchdog warns Rachel Reeves looser lending for first time buyers could mean home repossessions double

Chief Executive Nikhil Rathi told MPs that any move to make borrowing easier for first time buyers could lead to the rise of people ultimately losing their homes

The Independent UK

French minister rules out new taxes on households amid budget showdown

In the midst of fierce debate over the 2025 budget, which has already toppled one government, French Economy Minister Eric Lombard promised there would be no new taxes on individuals. The Senate is set to vote on the budget on Thursday.

Radio France Internationale

Putin Concerned About Economy Amid Trump's Ukraine Peace Efforts

Putin's concerns over Russia's economy amid Trump's focus on Ukraine war. Russia considers negotiating with Ukraine and strengthens ties with Iran and China.

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What Could Derail the Economy This Year?

While the outlook for the U.S. economy is mostly favorable, there are plenty of risks that bear watching.

Kiplinger

Syria's Economy Reborn After Being Freed From Assad

When Bashar al-Assad ruled Syria, merchants like Youssef Rajab kept much of their imported stock hidden for fear of arrest for breaking the law.

International Business Times

Most Asian Markets Rise After Wall Street's AI-fuelled Rally

Shanghai was among the main winners, eating into year-to-date losses after China unveiled a fresh batch of measures aimed at boosting the country's stock markets as part of Beijing's moves to provide support to the stuttering economy.

Latin Times

Kemi Badenoch ‘wants Liz Truss to shut up for a while’

Tory leader told shadow cabinet last week she wanted predecessor to stop making unhelpful interventions

The Guardian - UK

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Europe's largest economy heads toward the polls

Insolvencies and job cuts have clouded confidence in Germany's auto town, Luedenscheid.

Fortune

Trump's Return Darkens Mood As Germany Heads To Elections

Donald Trump's return to the White House has darkened the mood in Germany a month before elections, as multiple crises shake the foundations on which Europe's biggest economy built its post-war prosperity.

International Business Times

Political Crisis Hits South Korea Growth: Central Bank

South Korea's economic growth slowed in the last quarter of 2024, data from the central bank showed Thursday, as the country struggled with the fallout from impeached President Yoon Suk Yeol's brief declaration of martial law.

International Business Times

Kiwis go for growth to lift economy out of the doldrums

Foreign investors will be wooed by New Zealand to help lift the nation's economy out of the lurch as the government seeks to put the woes of 2024 behind it.

AAP

Consumer expectations for economy plunge to ‘new low’

A survey found expectations for the state of the economy over the next three months have worsened to minus 34, down from minus 27 in December.

Evening Standard

Consumer expectations for economy plunge to ‘new low’ amid job cuts

Hopes for the state of the economy over the next three months have dampened since December, according to a consumer confidence survey

The Independent UK

What Would Trump Tariffs Mean For Key Trade Partner Mexico?

US President Donald Trump has threatened to slap a 25-percent tariff on Mexican goods on February 1, a move that analysts say would deal a heavy blow to Latin America's second-largest economy.

International Business Times

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Al Jazeera

For Trudeau’s successor, safeguarding Canada’s economy a ‘daunting’ task

Domestic pressures and US tariff threat pose major challenges for Justin Trudeau’s successor.

The Conversation

How Canadian cities could be leaders in the fight against waste

Most of what we consume in Canada is neither recycled nor reused.

Fortune

Women are officially the economy's power players—outpacing men in both income and spending growth

Bank of America's Taylor Bowley reports that growth in women's consumption and income is outpacing male counterparts.

International Business Times

'They Don't Have The Money,' Elon Musk Says Of $500B OpenAI-SoftBank-Oracle AI Project Stargate

U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

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Top News

Kansas Republicans Push To Ban Gender-Affirming Care For Youth

Kansas politics reflect a divide on economy and transgender rights, with Republicans prioritizing tax cuts and opposing gender-affirming care for youth, wh...

Evening Standard

Rachel Reeves clashes with Sadiq Khan over third Heathrow runway as she hits out at people who 'always say no' to growth

Chancellor says if Britain wants a strong economy the answer ‘can't always be 'no'’ to projects that will create growth

Evening Standard

Reeves defends Budget as she searches for growth in Davos

Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.

Tom’s Guide

I drove the Kia Niro Plug-in Hybrid for a week — and it’s a PHEV that most people can afford

The Kia Niro PHEV blends gas and electric power into a subcompact crossover SUV. I drove it for a week to see how much value it offers over EVs and traditional gas-powered cars.

The Independent UK

Reeves risks Cabinet row as she says growth must trump green concerns over Heathrow third runway

Chancellor is gearing up for a potential row with cabinet colleagues over major expansion of London’s airports

The Independent UK

Labour strips environmental watchdogs’ powers to block building projects

In the government’s latest push to grow the economy, regulators will no longer be able to demand developers mitigate the environmental impact of new buildings before they can be constructed

AAP

Australian shares rise again as Trump fuels optimism

Optimism about the Trump presidency's implications for markets and the economy has driven Australian shares to further gains as the ASX200 rises 0.4 per cent.

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