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The Latest Breaking News from Economy

Rebuilding Syria’s economy: Can stability return after war?

Syria’s new leadership faces an economy devastated by war and sanctions, with inflation and a decimated currency.

Al Jazeera

Stock market today: Asian shares slip after Wall St slumps despite strong US economic data

Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

The Independent UK

Asian Markets Mixed After Wall St Hit By US Inflation Fears

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street that was sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts.

International Business Times

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With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies

Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that will harm consumers and the economy.

Reason

Rise in UK borrowing costs could push Reeves to new public spending cuts

Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer

The Guardian - UK

US Longshoremen Threaten Strike Over Automation Concerns

45,000 U.S. longshoremen threaten strike over automation at ports, impacting economy and workers.

Top News

US dockworkers threaten to strike against automation, creating economic uncertainty

Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House

The Independent UK

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Why the Race and Gender Politics of White Dudes for Harris Failed

It's still the economy, stupid.

Reason

Uniqlo among retailers to stop hiring gig economy workers over employee rights claims

Gymshark also said they had halted hiring through certain platforms

The Independent UK

Ignore Musk, ignore the critics – you’ll feel the benefit of Labour’s policies in your pocket before long

Despite the doom-mongers, the outlook for the economy, the NHS and vital services is good. Coming months should bear that out, says Guardian columnist Polly Toynbee

The Guardian - UK

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

AAP

What Ghana’s small businesses can teach the world about becoming more sustainable

Small and medium-sized enterprises (SMEs) form the backbone of emerging economies. This is especially true in Ghana, where they represent around 90% of registered businesses and contribute significantly to employment and the economy of the west African nation.

The Conversation

China’s economy took centre stage in Xi’s new year address, spinning slow growth as a ‘remarkable’ achievement

Chinese president Xi Jinping delivered his annual televised new year address on December 31, and commentators have been quick to share their interpretation. Some have emphasised Xi’s passing reference to Chinese reunification as a threat against Taiwan. Others have focused on Xi’s comments about China’s economy, framing them as a…

The Conversation

Bosses at biggest UK firms have already made more money than the average worker will in 2025

FTSE 100 bosses enjoy median pay of £4.22m, 113 times the median of a full-time worker’s pay of £37,430

The Independent UK

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The Conversation

Nigeria’s economy in 2025 doesn’t look bright – analyst explains why

Nigerians may be wondering whether the year 2025 will bring the “renewed hope” promised by the President Bola Tinubu administration – or whether they are in for another year of economic despair.

Latin Times

Asian Markets Mixed As Traders Eye Trump 2.0

Concerns about China's stuttering economy, the outlook for US interest rates and the wars in Ukraine and the Middle East were also causing a sense of uncertainty.

Fortune

Vietnam’s economy smashes growth forecasts as trade-obsessed Trump returns to the White House

Vietnam’s GDP grew by 7.09% in 2024, ahead of government forecasts of 6.5%. Yet Vietnam’s trade surplus with the U.S. could put it at risk of new tariffs.

Newslaundry

‘A precarious perch’: In India, too many escape poverty only to slip right back into it

The forecast was cloudy skies with the possibility of light rain or thunderstorms. But on the morning of India's 77th independence day, on August 15, 2023, things moved as planned in New Delhi.

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Fortune

It's different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says

“In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley.”

Top News

Syria's New Foreign Minister Establishes Diplomatic Ties

Syria's new foreign minister engages in diplomatic efforts to strengthen ties and revive the economy, facing challenges and uncertainties.

The Conversation

How gig platforms like Fiverr are reshaping the video game development industry

In an industry defined by million-dollar budgets, multinational corporations and enormous development teams, commissioning a video game for just five dollars (well, CA$6.60) may seem a bit surreal.

The Guardian - UK

Uniqlo, Gymshark and Lush stop hiring UK workers via gig economy apps

TUC criticise retailers for endangering workers’ rights by using apps such as YoungOnes and Temper

The Guardian - UK

Burning waste is not the way to move the UK towards a circular economy

A recycling target of 65% by 2035 won’t stop our reliance on incineration. The key lies in eco-design

Al Jazeera

Austrian chancellor to resign after coalition talks collapse

Nehammer says his People’s Party would not support measures that it believes would harm the economy or new taxes.

Fortune

Trump tariffs would shrink the federal deficit, but also the economy, CBO says

The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.

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