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The Latest Breaking News from Economy

Goldman Sachs now sees much higher odds of economy shrinking, hiking probability of a U.S. recession to 35%

Goldman believes the tax-like impact on real disposable income and consumer spending from Trump's tariff policies will hurt U.S. growth prospects.

Fortune

EU response to tariffs will be ‘strategic’ to avoid more damage – Irish premier

Micheal Martin also said he wants to see a ‘landing zone’ agreed to enable companies and the economy to ‘enjoy a bit of stability’.

Evening Standard

US revokes French oil company's licence in Venezuela

French oil company Maurel & Prom has had its licence to operate in Venezuela revoked by the United States as part of the its attempt to cripple Venezuela’s economy and put pressure on leader Nicolas Maduro.

Radio France Internationale

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Stocks Set to Open Sharply Lower as Tariff Worries Sour Risk Sentiment, U.S. Jobs Data and Powell’s Remarks Awaited

June S&P 500 E-Mini futures (ESM25) are down -1.01%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.21% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s deadline for a new round of comprehensive global trade tariffs.

Barchart

Shares tumble across Asia after Trump threatens ‘all the countries’ with tariffs

Asian markets roiled as worries grow over prospect of sweeping global tariffs

The Independent UK

Economy And Especially Trump: Canadians' Thoughts On Campaigns

Canadians are going to the polls on April 28 to elect a new government at a time of unprecedented turmoil with the United States, as President Donald Trump threatens the country's economy and sovereignty.

International Business Times

The Convergence Revolution: How Web Design, Digital Marketing, and AI Are Creating New Business Realities

The worlds of web design, digital marketing, and artificial intelligence have reached a pivotal moment of convergence. What were once separate disciplines with distinct boundaries have merged into an integrated ecosystem where each element amplifies the others. This convergence is fundamentally transforming how businesses connect with customers, compete in markets,…

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Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Over the weekend, reports said Trump has pushed his advisors to get more aggressive on tariffs, including higher rates on a wider set of nations.

Fortune

Trump’s tariff ‘Liberation Day’ looms, but voters want him to focus on lowering prices, poll says

President equally divides country overall but most disapprove of his handling of economy

The Independent UK

Potential threat of US tariffs ‘not as stark’ as 2008 crash – Irish minister

Enterprise Minister Peter Burke said pharma tariffs could be ‘a double-edged sword’ for the US administration.

Evening Standard

European Orbital Rocket Crashes After Launch

The first orbital rocket launched from continental Europe crashed seconds after blast-off Sunday, in a closely watched test for the continent's bid to build a new space economy.

International Business Times

Ghana’s e-levy: 3 lessons from the abolished mobile money tax

The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts.

The Conversation

Digitising UK trade ‘could unlock £250bn in economic growth’ – even with Trump tariffs

With the US president’s tariffs on the UK now looking inevitable, the International Chambers of Commerce is urging the government to adopt a trade plan which could boost the economy by a quarter of a trillion pounds

The Independent UK

Trump’s tariffs could push grocery prices even higher, but there are steps Canada could take to protect consumers

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

The Conversation

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The Guardian - UK

Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war

The Guardian - UK

The poor don’t need Reeves’s austerity. And neither does Britain

With the economy stagnating, this is the very worst time to depress demand in order to be seen to ‘balance the books’

The Guardian - UK

Keir Starmer urged to get tough with Trump as US tariff threat looms

PM told to be as robust as Canada with the US president as the UK stages last-ditch talks to strike trade deal

Fortune

Trump seeks even more aggressive tariffs to fundamentally transform US economy and eyes a single universal duty, report says

Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.

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International Business Times UK

Arab CEO Sues American Airlines After Crew Ignored Passenger Who Masturbated Beside Her

Arab CEO sues American Airlines after crew ignored man masturbating beside her, saying 'Men just do stuff like that'.

Euronews

Tariffs and defence spending: S&P Global slashes eurozone and UK growth forecast

Uncertainty around US trade tariffs is costing the eurozone and the UK economy billions this year and the next, which cannot be entirely offset by increased defence spending in 2025.

TechRadar

The 'AI economy is currently a closed loop' - and that's probably why OpenAI, not Microsoft, invested a whopping $12bn in CoreWeave

Microsoft pulled out of a $12bn deal with CoreWeave, and OpenAI took its place.

Fortune

Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertainty

Lululemon's CEO said “consumers are spending less due to increased concerns about inflation and the economy.”

Evening Standard

We must liberate our brilliant entrepreneurs to stop this disastrous economic stall

The flatlining of the economy isn’t just sad; it’s a complete disaster

Euronews

The UK’s economy grew marginally last year, sees surprise revision

The UK’s services sector boosted GDP in the final quarter, seeing a lift from human health activities and social work. The construction industry also contributed positively to GDP during the fourth quarter of 2024.

Euronews

Europe’s economic confidence dips again in March as services sector retreats

Sentiment across the European economy weakened again in March, with confidence in services and retail slumping. The euro area’s index fell to 95.2, deepening doubts over recovery momentum.

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