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The Latest Breaking News from Economy

Scotland faces major loss to economy if international student levy plans go ahead

Scotland would see the second biggest loss to the economy out of all UK regions if Labour's proposed international student levy goes ahead, analysis…

The National (Scotland)

Asian Markets Drop As US Data, New Tariff Threats Dent Sentiment

Markets retreated Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world's biggest economy faring much better than expected and fresh tariff warnings from President Donald Trump.

International Business Times

Student visas crackdown and new levies to cause ‘£1.8bn loss’ to UK economy – with London hit hardest

The Government has proposed a 6 per cent tax on international student tuition fees and a reduction in graduate visas

Evening Standard

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Tories set out plan to cut red tape and end ‘woke’ practices

The party has vowed to create a ‘business-led’ law to scrap regulations.

The Independent UK

With rural America starting to see huge financial losses from tariff policies, Trump offers vague aid package to farmers in the heartland

“The farm economy is suffering while our competitors supplant the United States in the biggest soybean import market in the world,” one agricultural trade group said.

Fortune

Stocks Are Down for a Third Straight Day: Stock Market Today

Stocks have come a long way in a short time since April and remain near all-time highs as the end of the third quarter approaches.

Kiplinger

US Sanctions On Serbian Oil Firm Will Start October 1: Vucic

US sanctions on Serbia's largest oil producer, which is majority Russian-owned, will finally come into force on October 1, Serbian President Aleksandar Vucic said Thursday.

International Business Times

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The Wealthy Are Keeping the U.S. Economy Alive—For Now

Despite elevated living costs and a tight job market, the U.S. economy is still strong. Moody's Chief Economist Mark Zandi says it's wealthy people who are keeping the economy afloat.

Benzinga

Why hotter summers are bad for the UK economy

When we think about the impact of climate change on the economy, images of droughts in Africa or hurricanes in the Caribbean might come to mind. But even in advanced economies such as the UK, hotter summers are being shown to carry a heavy price.

The Conversation

'The most distrusted' bull market and economy of our lifetime: Another head-spinning revision rocks Wall Street

“We agree that the economy is strong and growing," says Northlight's Chris Zaccarelli, "but a lot of that good news is already priced in — and then some."

Fortune

BCC: UK should subsidise pay to tackle young worker sickness plight

The UK must tackle long-term sickness if it wants to bolster its workforce and grow the economy, said the British Chamber of Commerce.

Euronews

At the Races: Slowdown and shutdown - Roll Call

Catch up on the political news of the past week in the latest At the Races newsletter, including on the economy and campaign announcements.

Roll Call

If you can't work out why you're struggling when the economy is doing OK, it's because you're on the losing side

Oxford Economics finds that tariffs, labor dynamics, and policy shifts have hit younger and lower-income households hardest.

Fortune

US GDP shows 3.8% growth in second quarter in dramatic upgrade

Imports fell and consumer spending jumped, resulting in a much better economic performance than previously estimated in the world's biggest economy.

Euronews

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The Independent UK

Virgin launches ‘neighbour-free seating’ auctions on flights

Prices for the service start at AU$30 (£14)

The Conversation

The warning signs are clear: We’re heading toward a digital crisis

People’s lives are more enmeshed with digital systems than ever before, increasing users’ vulnerability and insecurity. From data leaks like the 2017 Equifax data breach to the more recent cyberattack on British retailer Marks & Spencer, business operations and data on the internet continue to be vulnerable.

The Independent UK

US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

The U.S. economy expanded at a surprising 3.8% from April through June in a dramatic upgrade of the government's previous estimate of second-quarter growth

International Business Times

Swiss Central Bank Keeps Zero-rate As Tariffs Take Their Toll

Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy.

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Fortune

The shadow AI economy isn't rebellion, it's an $8.1 billion signal that Fortune 500 CEOs are measuring the wrong things

Here's why 95% of corporate AI initiatives are failing while employees are using it—successfully—in secret.

The Guardian - UK

Is Trump right that Russia’s economy is on the brink of collapse?

While VAT is going up to finance the war and fuel is in short supply, few expect Putin to adjust his war plans

Benzinga

Bernie Sanders Slams 'Collapsing System' As Elon Musk, Jeff Bezos, And Mark Zuckerberg Amass $1.3 Trillion While Americans Struggle To Eat, Pay Rent

Sen. Bernie Sanders (I-Vt.) said the U.S. economy is collapsing for ordinary Americans while the richest 1% continue to amass unprecedented wealth and power.

The Guardian - UK

The next big financial crisis may be brewing. Warning signs are already there

The longer the period between crises, the greater the complacency. That complacency is pushing share prices ever-higher, says Guardian columnist Larry Elliott

The Guardian - AU

First new Qantas Airbus jets come with one toilet for every 90 economy passengers – worse than Jetstar, Scoot and Ryanair

Full service carrier says it will add additional toilets to its first three new Airbus 321XLR models – but they will be in service for three years beforehand

The Conversation

Indigenous Australians are crucial to hitting our 2035 climate targets. That transition has to be fairer

If we act now and move with common purpose, then we can do more than just guard against the very worst. We can protect our environment and build a stronger and fairer economy for the next generation.

The Independent UK

Economy and tax worries holding back small business spending, Barclays warns

Business investment refers to spending on assets like buildings, machinery and intellectual property.

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