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The Latest Breaking News from Economy

US Trade Representative Nominee Faces Questions On Retaliatory Tariffs

Confirmation hearing addresses concerns about retaliatory tariffs and potential economic impacts on US economy and industries.

Top News

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard

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

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard

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Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75%

Inflation also expected to be higher than previously forecast, rising to 3.7% this year

Evening Standard

Bank of England cuts interest rates to 4.5% as it downgrades growth forecast

The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.

The Independent UK

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Independent UK

Jamieson Greer To Face Senate Committee For U.S. Trade Representative

Learn about Jamieson Greer's nomination for U.S. trade representative and the impact of new tariffs on Mexico, Canada, and China on the economy and consumers.

Top News

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UK construction activity contracts as ‘full impact’ of Budget sets in

The latest S&P Global construction purchasing managers’ index showed a reading of 48.1 in January, down sharply from 53.3 in December.

The Independent UK

Blow for Labour's 'growth' drive as Bank of England cuts forecast in half

THE Labour Government’s flagship economic pledge has been dealt a blow after the Bank of England halved its growth forecast for 2025 ...

The National (Scotland)

Impact Of Tariff Threats On Mexico's Border Economy

Explore the impact of potential tariffs on Ciudad Juárez's manufacturing sector and cross-border trade dynamics.

Top News

$Global trade is fracturing: here’s why the EU needs the Green Deal more than ever$

Global trade is fracturing: here’s why the EU needs the Green Deal more than ever

As an environmentally conscious consumer, buying a new phone can be challenging. Today, most chips come from East Asia, assembly happens in China, and tracing the environmental and social impact of production is all but impossible. On top of that, rare-earth elements from China are increasingly used as geopolitical leverage.

The Conversation

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

AAP

Here's What Happened To That Nissan-Honda Merger

For decades, Nissan and Honda have competed with one another in just about every way possible, except for pickup trucks and motorcycles. That's why the world was shocked last year when the rivals announced a $60 billion plan to merge into one company in what was seen as the biggest…

InsideEVs

Nigeria’s Brics partnership: economist outlines potential benefits

During its 16th annual summit in Kazan, Russia, Brics – a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global institutions – invited Nigeria and eight other countries to join it as “partner” countries. Nigeria formally accepted the…

The Conversation

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Top News

Trump's Second Term Trade War: Potential Economic Consequences

Explore the impact of Trump's trade war, potential escalation, and implications on the U.S. economy and global trade dynamics.

Fortune

The thorny question of French retirement reform is on the table again under France's new government. Does it stand a chance?

Today, the French retirement reform is an expensive system, threatening to break the economy.

inkl

Is Greenville, SC a Good Place to Live?

Greenville, South Carolina, has been gaining attention for its charming downtown, strong sense of community, and thriving economy.

Barchart

Dollar Slides with Bond Yields on Weak US Economic News

The dollar index (DXY00 ) Tuesday fell by -0.94%. The dollar tumbled Tuesday as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. The stabilization of stock prices Tuesday...

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The Independent UK

New report card on American well-being finds U.S. is 'so wealthy but so unhappy‘

The economy is ‘really the only area where we are excelling,’ authors of the report wrote

MarketBeat

Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential

Rocket Lab's strategic innovations and escalating revenue place the company at the front of the growing space sector.

The Conversation

Climate-affected produce is here to stay. Here’s what it takes for consumers to embrace it

The economic cost of food waste in Australia is staggering. It’s estimated $36.6 billion is lost to the economy every year. Much of our fresh produce never even makes it to stores, rejected at the farm gate due to cosmetic reasons, such as its appearance, size or ripeness.

Evening Standard

Archibald accuses Benn of ‘blatant disregard’ for communities in NI

Stormont’s Economy Minister said the NI Secretary had become an ‘apologist for a Tory austerity agenda’.

Dynamite News

Tripura CM Saha affirms govt's support for growth of cooperatives, improving livelihoods

Tripura Chief Minister Manik Saha acknowledged the significant role of cooperatives in transforming the state's economy and improving the livelihoods of the people. Read further on Dynamite News:

The Conversation

How the ‘year of the wood snake’ could play out for China’s economy

Chinese people around the world have just celebrated lunar new year, which this year has run from January 28 to February 4. It is the biggest festival of the year in China, signalling the start of spring, and this is the year of the wood snake. According to Chinese astrology,…

The Conversation

Trump’s trade war is forcing Canada to revive a decades-old plan to reduce U.S. dependence

After threatening Canada and Mexico with illegal tariffs, and Canada with annexation, United States President Donald Trump has agreed to hold off on imposing tariffs on Canada for at least 30 days. This decision came after Prime Minister Justin Trudeau spoke with Trump and committed to strengthening border security.

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