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The Latest Breaking News from Economy

The fiscal update is no Christmas present for the government – but signs of a slow recovery are there

After a slow economic year, many New Zealanders are eyeing 2025 with uncertainty but also a degree cautious optimism. Interest rates are dropping and unemployment rates remain below expectations.

The Conversation

The Best Car of 2024 Is the Honda Civic Hybrid

In the grand, glowing mural of NPC cars (for all you noobs out there, that’s a “non-playable character”), very few do anything to stand out. Every small car has a four-cylinder engine—maybe hybridized—and gets good fuel economy. Every small car is comfortable and reliable. And for the most part, every…

Motor1

The beautiful Yorkshire villages hoping to ban building new second homes to combat overtourism

‘We want new houses to be used to send children to school and provide jobs’ says councillor

The Independent UK

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Trump’s mass deportation plan could hurt the country more than the Great Recession, report says

Mass deportations could lead to a 7.4 percent drop in the GDP, meaning ‘the U.S. economy would not grow at all’ during President Trump’s second term, the report says

The Independent UK

China's economy logs a lackluster performance in November as retail sales slow

China has reported its economy logged a mixed performance in November, with retail sales slowing as consumers refrained from spending on non-essentials like cosmetics, alcohol and jewelry

The Independent UK

Asian Markets Struggle After More Weak China Data

Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China's economy, with the latest batch of weak data compounding the disappointment of Beijing's latest stimulus pledges.

International Business Times

Badenoch warns of ‘devastating’ impact of Reeves’ ‘farm tax’ on rural economy

Conservative leader will compare warning that changes could lead to 125,000 job losses to ‘the entire population of Blackburn’

The Independent UK

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Rail unions back fresh industrial action across Sydney train network in lead-up to New Year’s Eve – as it happened

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The Guardian - AU

Mining export slump puts federal budget in the doldrums

Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.

AAP

Australian mining exports could plunge $100bn over four years due to China slowdown, budget update suggests

Company tax receipts to be revised downwards for the first time since 2020, mid-year budget update reveals

The Guardian - AU

I drove the Volkswagen Jetta GLI Autobhan for a week — and it might make you forget about EVs

After driving a 2025 Volkswagen Jetta GLI Autobhan for a week, it's one of the few all-gas powered vehicles I'd recommend.

Tom’s Guide

Starmer’s government hails joining CPTPP – two years after he said impact would be ‘very small’

Sir Keir’s business secretary said the agreement would ‘boost trade and create opportunities for UK companies abroad’

The Independent UK

UK retailers accused of recruiting young shop workers without rights over Christmas

Lush and Gymshark among chains using apps promoted by TikTok influencers to take on gig economy assistants lacking basic protections, say unions

The Guardian - UK

Rare Foreign-born CEO Says Japan Needs Immigration To Thrive

The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years.

International Business Times

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The Guardian - AU

Jim Chalmers says Coalition’s nuclear plan represents $4tn hit to economy by 2050

Federal treasurer also reveals mid-year budget update out this week will show bigger deficits than May papers

Top News

Taiwan Prepares For Uncertain Future Under Trump's Second Term

Taiwan navigates uncertainties in US relations under Trump's second term, focusing on defense, economy, and semiconductor industry challenges.

The Independent UK

UK becomes first European nation to join CPTPP trade bloc

Britain will become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday.

The Independent UK

‘Very small’ Brexit trade deal with Pacific no match for EU, Starmer told

Britain is to officially join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

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Fortune

Fed officials advocate for 'caution' and slower rate cuts next year as Trump prepares to take office

Experts say Trump’s potential policies, including his tariff proposals, could do much to impact the economy and the Fed’s trajectory.

Evening Standard

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

The National (Scotland)

Labour 'failing on own terms' as UK economy shrinks for second month running

LABOUR have been accused of “failing on their own terms” after new figures showed the UK economy shrinking for the second consecutive month –…

The Guardian - US

This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism

Radio France Internationale

Young Nigerian entrepreneurs seek to reshape relationship with France

During Nigerian President Bola Tinubu’s visit to France in November, he brought a delegation of young leaders to strengthen ties and attract investment in Africa’s largest economy. RFI caught up with some of them.

The Independent UK

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Economists are concerned about a longer decline in economic activity, but a shrinking manufacturing industry should be cause for more concern

The National (Scotland)

Labour Government sparking 'doom loop' for UK economy, expert warns

A “DOOM loop” sparked by the Labour Government’s ongoing failure to deliver on its headline pledge of growth is hitting the UK economy ...

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