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The Latest Breaking News from Economy

Pre-Budget jitters blamed for surprise contraction in economy

Official figures showed the UK economy shrank for the second month running in October, contracting by 0.1% following a 0.1% decline in September.

Evening Standard

UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves

Economy contracted by 0.1 per cent in October, according to the Office for National Statistics

The Independent UK

How Meta's AI Partnership Tool Could Reshape the £480B Global Creator Economy — and Threaten Independent Influencers

Meta's new AI tools help brands find creators faster and more cost-effectively, but independent influencers warn that an algorithm-first approach could squeeze smaller voices out of lucrative deals.

International Business Times UK

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UK economy contracts for second month running in October

The Office for National Statistics said gross domestic product (GDP) fell 0.1% in October, following a 0.1% decline in September.

Evening Standard

GDP shock: London businesses slam Budget turmoil as UK economy shrinks 0.1% in October

The latest GDP figures are a blow to Rachel Reeves, who admitted leaks in the run-up to her November 26 Budget were ‘very damaging’

Evening Standard

UK economy: GDP shrunk in October in fresh blow for Rachel Reeves

Economy contracted by 0.1% in October, according to the Office for National Statistics

The Independent UK

FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

Evening Standard

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UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover

The Guardian - UK

Europe Today: Nadia Calviño discusses Trump and Europe's economy

Tune in to Euronews' new flagship morning programme, Europe Today, at 8 am Brussels time. In just 15 minutes, we bring you up to speed on the biggest news of the day.

Euronews

December cut to UK interest rates ‘nailed on’ after economy shrinks unexpectedly by 0.1% in October – as it happened

Disappointing UK GDP report shows economy contracted by 0.1% in both September and October

The Guardian - UK

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

The U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

The Conversation

Irish economy at risk from ‘global shocks’, ESRI report warns

The think tank also said the presence of multinational corporations ‘remains a tremendous positive for the Irish economy’.

Evening Standard

White House weighs tapping substitutes for Trump on the road after affordability rally veers off-script: ‘He’s stubborn’

“I just don’t think Trump is temperamentally capable of reversing himself and saying, ‘Yes, affordability is a concern,’” a former administration official said.

The Independent UK

The Quantum Fleet: Investing in the New Quantum Standard

New standards allow investors to properly value the diverse fleet of distinct hardware vehicles driving the commercialization of the quantum economy.

MarketBeat

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Euronews

Migration remains an opportunity for Europe, Spanish economy minister tells Euronews

Spanish Economy Minister Carlos Cuerpo said migration remains an economic opportunity even as the debate around it is hijacked by political forces, with false narratives about migrants amplified by social media.

The Guardian - UK

Upgrading the grid: the great energy transition in numbers

As the UK moves towards a carbon-free future, the supply and demand for clean energy is set to soar, with implications for how we power the economy and our homes. Here, we take a look at the figures that reveal the facts …

The Guardian - US

Seth Meyers to Trump: ‘You can’t convince people the economy is good when they can see the truth’

Late-night hosts discussed Donald Trump’s unconvincing “A+++++” grade for the economy and his rambling speech in Pennsylvania

The Conversation

Tariffs 101: What they are, who pays them, and why they matter now

The U.S. Supreme Court is currently reviewing a case to determine whether President Donald Trump’s global tariffs are legal.

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The Conversation

Even with Trump’s support, coal power remains expensive – and dangerous

As projections of U.S. electricity demand rise sharply, President Donald Trump is looking to coal – historically a dominant force in the U.S. energy economy – as a key part of the solution.

The Conversation

What’s the safest way to walk home at night? We’ve created an AI-powered app that shows you

In the historic walled city of Derry (also known as Londonderry) in Northern Ireland, the night-time economy is vibrant. But like many urban centres, it presents safety challenges for those trying to get home. At night, a volunteer group known as the Inner City Assistance Team (iCat) often patrols the…

Kiplinger

What to expect from the global economy in 2026

Economic growth across the globe will be highly uneven, with some major economies accelerating while others hit the brakes.

We Got This Covered

Visibly tired, unkempt and deluded Donald Trump insists United States economy can grow by 25% annually

A president sorely in need of a nap.

Fortune

Fed’s Jerome Powell voices fear of K-shaped economy: ‘How sustainable it is, I don’t know’

Jerome Powell said most consumer consumption comes from the rich. “The top third accounts for way more than a third of the consumption ... So it’s a good question how sustainable that is.”

Fortune

‘We have not seen this rosy picture,’ says ADP’s chief economist, who warns real economy will look pretty different from Wall Street’s bullish outlook

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

The Independent UK

Ukrainian navy cripples Russian shadow fleet tanker with sea drone strike

Kyiv has targeted Moscow’s ‘shadow fleet’ in an effort to damage Russia’s wartime economy

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