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The Latest Breaking News from Economy

Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

When I imagine the future of space commerce, the first image that comes to mind is a farmer’s market on the International Space Station. This doesn’t exist yet, but space commerce is a growing industry. The Space Foundation, a nonprofit organization for education and advocacy of space, estimates that the…

The Conversation

Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout

The hack of British car manufacturer, Jaguar Land Rover, has cost the UK economy as much as $2.5 billion, affecting more than 5,000 organizations as the breach brought the company and its entire supply chain to their knees.

Tom’s Hardware

Jaguar Land Rover hack has cost UK economy £1.9bn, experts say

Cybersecurity body says more than 5,000 organisations affected in most costly cyber-attack to hit Britain

The Guardian - UK

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Most Americans say U.S. on wrong track: poll

Even a significant share of Republicans — nearly 30% — give Trump low marks on the economy and how the government is functioning.

Axios

Heavy investments needed to secure green metal future

While critical mineral deals are dominating the headlines, green iron and steel partnerships could secure Australia's export future in a low-emission economy.

AAP

‘Time for your daytime nap’: Trump forgets about the tariffs he imposed and blames Biden for the sufferings of American farmers

By now, it has become known that whenever Donald Trump does not have the answers to certain questions, he tends to shift the blame onto former President Joe Biden and his administration. And guess what? He’s doing it all over again.With rising trade tensions between the US and China (…

The Mary Sue

10 Gig Economy Jobs That Gen Z Can Do From Rural States

For Gen Z living outside major cities, finding flexible, high-paying work used to feel impossible. But the digital gig economy has erased geography as a...

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Trump Administration Restores Student Loan Forgiveness, Could Fuel Holiday Spending Boom

The Trump administration has agreed to resume student loan forgiveness for more than 2.5 million borrowers — a move that could inject billions of dollars back into the consumer economy just as the holiday season kicks off.

Benzinga

PHOTO ESSAY: Lesotho faces deep uncertainty after tariff threats and foreign aid cuts

In the wake of massive U.S. cuts in foreign aid as well as tariffs imposed by President Donald Trump’s administration, the small southern African country of Lesotho faces deep uncertainty over its fight to end the HIV epidemic and its economy.

The Independent UK

Former airline pilot reveals why swapping to an empty seat before take-off is dangerous

Although tempting - especially if cramped in economy - the veteran pilot advises against making a switch

The Independent UK

Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Evening Standard

Cashless America: 7 Groups That Will Struggle Most When Paper Money Disappears

The idea of a fully digital economy sounds sleek and convenient—until you realize not everyone can keep up. As the world moves closer to becoming a cashless America, millions of people may find themselves left behind. Credit cards, digital wallets, and payment apps may simplify transactions for some, but they…

The Free Financial Advisor

Brexit had bigger impact on UK economy than critics predicted, Rachel Reeves says

Brexit ‘needlessly’ added costs to UK businesses, Rachel Reeves said, arguing ministers are now ‘unashamedly rebuilding our relations with the European Union’

The Independent UK

Trump’s words aren’t stopping China, Brazil and many other countries from setting higher climate goals, but progress is slow

In the Marshall Islands, where the land averages only 7 feet (2 meters) above sea level, people are acutely aware of climate change.

The Conversation

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AAP

From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

Axios

AWS outage spotlights the world economy's fragile foundations

It takes a crisis to make invisible pieces of critical infrastructure visible — both online and in the physical world.

Fortune

Top analyst still thinks we’re on the cusp of a new boom for the economy, but investors aren’t with him: ‘Markets remain choppy’

Morgan Stanley’s Mike Wilson says he needs to see more before giving the “all-clear” on chances of a further near-term correction.

Benzinga

China's Growth Engine Is Sputtering—And Trump's Tariffs Are To Blame

China's long-struggling economy is showing fresh signs of distress, as exports to the United States collapse under President Donald Trump's tariffs and the property market fails to mount a meaningful recovery.

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The Conversation

The Erie Canal: How a ‘big ditch’ transformed America’s economy, culture and even religion

Two hundred years ago, on Oct. 26, 1825, New York Gov. DeWitt Clinton boarded a canal boat by the shores of Lake Erie. Amid boisterous festivities, his vessel, the Seneca Chief, embarked from Buffalo, the westernmost port of his brand-new Erie Canal.

Fortune

Trump’s hand in the tariff war he started gets weaker still, as Beijing comes in ahead of growth forecasts

President Trump’s tariff leverage over China faces new strain as Beijing’s economy posts stronger than expected growth and diversifies exports.

Barchart

Stocks Set to Open Higher as U.S.-China Tensions Ease, Inflation Data and Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.41% this morning as signs of easing trade tensions between the U.S. and China helped boost risk appetite.

Euronews

China's economy grows at slowest pace in a year amid US trade war

Tensions between Beijing and Washington remain elevated, and it’s unclear if Trump and Chinese leader Xi Jinping will go ahead with a proposed meeting during a regional summit at the end of this month.

The Guardian - UK

Amazon says Web Services are recovering after outage hits millions of users – as it happened

Fortnite, Roblox, SnapChat, Lloyds Bank, Ring doorbells and Amazon’s own shopping site among services hit by online outage

International Business Times

Italian Prime Minister Giorgia Meloni marks three years in office this week with her far-right party more popular than ever, her government remarkably durable and the economy stable, if not exactly booming.

Benzinga

Trump Tariffs Fail To Dent China's Exports As Beijing Moves Sales To Other Markets, But Economic Growth Slows — Asian Markets Open Strong

China’s economy has slowed down significantly in the latest quarter, amid the tensions and uncertainties surrounding the tariffs imposed on the nation by President Donald Trump.

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