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The Latest Breaking News from Economy

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns

Liam Byrne, Labour chair of Commons business committee, says plans by next US President would hurt growth

The Independent UK

Stocks Set to Open Higher as Investors Await U.S. Inflation Data and Powell Speech

December S&P 500 E-Mini futures (ESZ24) are up +0.33%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.29% this morning as Donald Trump’s election victory continued to boost risk appetite, while investors looked ahead to U.S. inflation data, a fresh batch of corporate earnings reports, as well as remarks…

Barchart

China's 'Singles Day' Shopping Spree In Spotlight As Spending Flags

China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity.

International Business Times

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The Singles' Day shopping festival loses its shine under China's lagging economy

The Singles’ Day shopping festival is looking less shiny this year as e-commerce firms look abroad for growth

The Independent UK

Asian Stocks Drop As China Support Plan Falls Flat, Bitcoin Hits Record

Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win.

International Business Times

Laredo Mayor Warns Mass Deportations Would Devastate Economy

Laredo Mayor warns against economic impact of mass deportations proposed by Trump. Importance of undocumented immigrants in economy highlighted.

Top News

Morning Mail: Chalmers warns of Trump effect on economy, Ukraine drones target Moscow, EV sales falter

Treasurer cautions that Republican leader’s second term will affect the Australian economy

The Guardian - AU

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Labour advisers want lessons learned from Harris defeat: voters set the agenda

Focusing on joy over voters’ concerns about economy was Harris campaign’s downfall, some Labour insiders say

The Guardian - UK

Jobs of the future: South Africa has major gaps in skills needed to shape the green economy

Globally, there’s a shortage of people with the expertise and skills needed to drive the transition towards a green economy – known as green talent. The pool of green talent needs to be doubled by 2050 if the world is to move away from fossil fuels. In South Africa, despite…

The Conversation

Government officials taking advice on economic scenarios under Trump presidency

There are fears about the possible impact on the UK economy should the president-elect introduce tariffs.

Evening Standard

'Roaring 20s' on Wall Street could extend into the 2030s after Republican sweep, market veteran says

"We're sticking with our investment recommendation to Stay Home rather than to Go Global. In other words, overweight the US in global stock portfolios."

Fortune

‘Tariff man’ Trump puts Britain in firing line of new global trade war

Donald Trump’s US election campaign threat to impose 10% levies on US trading partners could hurt the UK economy

The Guardian - UK

The collapse of Germany’s government will delight Trump – and his European friends

The German dream of centrist, stable government has been dashed by geopolitical forces and the cult of balanced budgets, says Paul Taylor of the European Policy Centre

The Guardian - UK

House Democrats Warned Of Working-Class Voter Loss Risk

House Democrats express frustration over party's failure to connect with working-class voters on key issues like immigration and the economy, urging for im...

Top News

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Top News

Germany's Economy Minister Hopes To Become Green Party Candidate

Germany's political landscape shifts as economy minister eyes Green Party's chancellor candidacy amid coalition collapse.

The Guardian - US

‘A big cratering’: an expert on gen Z’s surprise votes – and young women’s growing support for Trump

The gender gap among young people was predictably vast. But the numbers still defied expectations, as the political scientist Melissa Deckman explains

Fortune

How the Democratic Party lost American workers: It’s the minimum wage, stupid

Harris promised to raise the minimum wage and decried the current $7.25 an hour as 'poverty wages' with only two weeks left to go in the campaign.

Fortune

Fed Chair Powell's refusal to resign if asked could set up Trump's first big fight to reshape the economy

During a news briefing, he was asked if he would resign if Trump demanded it, and Powell simply replied "no."

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The Independent UK

Trump promised voters their incomes and net worth will soar. Economists are not convinced

Voters turned to Trump for a solution after finding themselves unable to afford the necessities for their families in a cost of living crisis

The Independent UK

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs

Exclusive: Warning from a leading trade expert comes as new projections show tariffs imposed by Trump could shrnk the UK economy over the next three years and wipeout growth ahead of the next general election

International Business Times

China's Trillion Dollar Stimulus Package Fails To Address Key Debt Problem, Chief Economist Says

The $1.4 trillion package aims to jumpstart the stagnant economy by allowing local governments to reduce their debt load: report

The Guardian - AU

Trump’s tariff threats a ‘clear and present danger’ to Australia, Arthur Sinodinos warns

Former ambassador to US says president-elect’s vow to slap up to 60% tariffs on goods from China would have knock-on effects on Australian economy

The Conversation

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

The Guardian - UK

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

Top News

Fed Cuts Interest Rates To Ease U.S. Economy Pressure

European markets rise after Fed rate cut; Asian markets mixed. Nissan announces layoffs. Fed signals further cuts. Oil prices drop.

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