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The Latest Breaking News from Economy

Iran's Dark Fleet fuels economy, skirting U.S. sanctions

Discover how Iran is skirting U.S. sanctions and smuggling large amounts of crude oil to China through the Dark Fleet or Ghost Armada of tankers.

Top News

Donald Trump Jr schooled online over glaring gaffe about US economy

‘It’s wild that literally every metric is objectively better but MAGA prefers to be treated like crap by their cult leaders’

The Independent UK

Fed's 2023 Paper Loss Soars as Interest Expenses Surge

The Federal Reserve reports a significant paper loss for 2023 due to a surge in interest expenses, highlighting the impact on the US economy.

Top News

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The UK economy is going nowhere useful -- but that allows for mortgage cuts

City Comment: The economy and the voters are muddling through -- there are worse things

Evening Standard

SC issues summons to Centre on Kerala’s suit alleging financial restrictions

The Supreme Court on January 12 agreed to examine an original suit filed by Kerala alleging that the Centre was violating the federal structure of governance and causing “severe damage to the economy of a small State with meagre resources” by interfering with the finances of the State.

The Hindu

Europe's largest economy, struggling to pull itself out of recession, hit with rail strikes and farmers' protests to start 2024

Chancellor Olaf Scholz is slipping in polls, while a surging far-right party is backing the protesting farmers, who are losing some of their precious subsidies.

Fortune

Ukraine Army Spy Chief Pledges More Attacks On Crimea

Ukraine's military spy chief Kyrylo Budanov said in an interview published Friday that Kyiv's attacks in Russian-annexed Crimea were set to intensify, adding that Moscow's economy was proving surprisingly resilient despite sanctions.

International Business Times

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US Bank Profits Decline Due to Insurance Fund Charges

Learn why big U.S. bank profits have taken a hit due to charges on insurance funds and shrinking lending margins, impacting the economy.

Top News

Naval Attacks In Red Sea Force Tesla To Pause Berlin Gigafactory For Two Weeks

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

InsideEVs

US Wholesale Inflation Falls, Indicates Easing Price Pressures

Wholesale inflation in the US fell in December, signaling easing price pressures. The report suggests slowing inflation and a resilient economy.

Top News

Oil prices hit $80 a barrel as fears grow over Red Sea disruption to trade

Experts warn of economic impact of sustained shipping attacks and Middle East tensions

The Guardian - UK

Wholesale inflation in US declined last month, signaling that price pressures are still easing

Wholesale inflation in the United States fell in December, further evidence that price pressures in the economy are easing

The Independent UK

Top 3 China Picks for Potential 2024 Success

Despite several obstacles, the Chinese economy has exhibited commendable steadfastness in recent years. Given the nation's determined efforts to sustain economic buoyancy this year, quality China stocks Hello Group (MOMO), JD.com (JD), and Alibaba Group Holding (BABA) could be solid buys for 2024. Read on….

StockNews.com

UK interest rate cuts cannot come soon enough for economy and Jeremy Hunt

Modest GDP growth in November gives chancellor little to celebrate when three-month figure shows contraction

The Guardian - UK

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Top News

China's 2023 Bank Lending Reaches Record High amidst Economic Struggles

China's bank lending in 2023 hits a record high, illustrating the country's efforts to revive its struggling economy, despite ongoing challenges.

Barchart

S&P Futures Tick Lower Ahead of Key U.S. PPI Data and Big Bank Earnings

March S&P 500 E-Mini futures (ESH24) are trending down -0.12% this morning as investors geared up for crucial U.S. PPI data and earnings from big U.S. banks.

Barchart

S&P Futures Tread Water Ahead of Key U.S. PPI Data and Big Bank Earnings

March S&P 500 E-Mini futures (ESH24) are trending up +0.02% this morning as investors geared up for crucial U.S. PPI data and earnings from big U.S. banks.

Top News

BOJ confident inflation will stay near target, sources say

The Bank of Japan is expected to maintain its inflation target forecast, signaling confidence in the country's economy despite challenges.

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WEKU

The war in Gaza has taken an economic toll on tech, Israel's most productive sector

Reservists have been called into military service, leaving tech companies understaffed. The tech sector employs about 12% of Israel's workforce and accounts for half of the country's exports.

Top News

Surge in German Insolvencies Signals Economic Turmoil at Year-End

Discover how German insolvencies have surged in late 2023, affecting the country's economy. Learn about the implications of this increase.

The Independent UK

Government fears UK economy could shrink in face of attacks on shipping in Red Sea

US and UK launch airstrikes against Houthis, which has targeted international cargo ships in Red Sea

The Guardian - UK

UK economy returns to growth amid Black Friday spending lift

GDP rises by 0.3% in November after October decline, with car leasing and video games fuelling bounceback

Top News

UK Economy Grows in November, But Near Recession Territory

The UK economy showed some growth in November, but is on the brink of recession, highlighting a precarious state of affairs for Britain's economic future.

The Independent UK

Britain’s economy grows by more than expected in hope to avoid recession

GDP rose by 0.3 per cent in November – but opposition blames government for ‘dismal’ growth

Evening Standard

GDP: Britain's economy grew 0.3% in November but ONS admits 'little growth' overall

Economists had expected growth of 0.2%, but the figures gave little cause for celebration with the risk of an end-of-year recession still on the cards

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