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The Latest Breaking News from Economy

Sweden's Central Bank Cuts Interest Rate To Boost Economy

Sweden's central bank cuts interest rate to 2.75%, aiming to stabilize economy and inflation. Norway maintains policy rate at 4.5%.

Top News

What a Trump presidency will mean for Europe’s economy

Following Donald Trump’s victory in the US presidential elections, Europe now has to prepare for a new era of economic protectionism. Trump’s policies during a second term will undoubtedly have major consequences for the continent’s economy, geopolitical stability and progress addressing climate change, and may even threaten the future of…

The Conversation

Jerome Powell says Donald Trump can’t fire him, after Fed and BoE cut rates – as it happened

Presidents are “not permitted under the law” to fire Federal Reserve chair or demote governors, Powell insists

The Guardian - UK

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Interest rates live updates: Bank of England base rate cut to help slash mortgage bills

Inflation fell below the Bank of England’s 2% target in September for the first time in three years

The Independent UK

‘America’s gone mad’: disbelief in Ayrshire, Scotland, near Trump’s golf course

While some say Trump has done much for Turnberry’s economy, others claim election result is ‘a disaster – he’s a fascist’

The Guardian - UK

NAB boss flags trade war risk as annual profit dips

National Australia Bank boss Andrew Irvine is worried about the risk of a trade war between the US and China, and its implications for the Australian economy.

AAP

Trump’s economic vision is no longer a ‘maybe’. Here’s what it might mean for Australia and the world

For months, experts and commentators have been weighing up what the possible return of Donald Trump might mean for financial markets and the global economy.

The Conversation

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How will Donald Trump’s victory affect Australia’s economy? Here are some clues

The biggest uncertainty – for shares, inflation and rates – is whether the president-elect acts on promises such as hefty tariffs, and how soon

The Guardian - AU

Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed

Shares have fallen in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world

The Independent UK

Germany's Embattled Scholz Paves Way For Early Elections

German Chancellor Olaf Scholz said Wednesday amid a deep coalition crisis that he will seek a vote of confidence in January that would pave the way for early elections by March.

International Business Times

Iran’s currency was already tumbling − and then news of Trump’s victory broke

As the world absorbed news of Donald Trump’s comeback victory in the 2024 U.S. presidential race, concern in Iran turned to the impact of the election on its own economy amid escalating regional tensions.

The Conversation

German government collapses after Olaf Scholz sacks finance minister

Unexpected move throws Europe’s largest economy into political disarray and is likely to lead to snap elections in March

The Guardian - UK

American voters were asked about the economy. The overwhelming answer shows why they picked Trump over Harris

Voters who were concerned about the economy did what they so often do—punish the incumbent party.

Fortune

Democrats Fear Losing House Majority After Republican Victories

Democrats concerned about potential House loss post-Republican victories. Economy influences voter sentiment.

Top News

Trump's Economic Agenda Expected To Impact Global Inflation Rates

President Trump's proposed economic policies may increase inflation and interest rates, impacting the US and global economy.

International Business Times

What Impact Will Trump Have On The World Economy?

Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say.

The Conversation

IRIS²: the new satellite constellation aimed at ensuring communications autonomy for the EU

The ongoing transition to a digital economy has already had one observable consequence: a sharp rise in the need for connectivity enabling rapid data transmission. In a global market where connectivity offers are evolving quickly, satellites are now achieving technical and economic performances close to those of terrestrial solutions. The…

Evening Standard

Ed Davey calls Trump 'dangerous, destructive demagogue' in furious attack on new president

Lib Dem leader says new US president ‘actively undermines the rule of law, human rights, international trade, climate action and global security’

Evening Standard

OPINION - Flying dollar and falling pound: what Donald Trump's win means for the City and London's economy

Shares rocketed to all-time highs in US markets but fell back in the City

The Independent UK

Climate campaigners react with dismay to Trump’s US election victory

Donald Trump is expected to pull out of the Paris Agreement and roll back parts of Joe Biden’s signature climate legislation.

International Business Times

Low Taxes, High Tariffs: What A Trump Victory Means For The US Economy

Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.

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