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The Latest Breaking News from Economy

Wealth Tax Economist Hits Back At French Tycoon's 'Pseudo-academic' Claim

An economist behind a wealth tax plan embraced by the French left on Sunday urged France's richest person, Bernard Arnault, to show "respect for the truth" after the luxury goods tycoon described him as a "pseudo-academic" who wanted to "destroy the French economy".

International Business Times

Wealth tax would be deadly for French economy, says Europe’s richest man

LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’

The Guardian - UK

France's Richest Man Riles Left With Attack On 'Pseudo-academic' Behind Tax Plan

Left-wing figures in France on Sunday reacted with uproar after the country's richest man the luxury goods tycoon Bernard Arnault described an academic behind a wealth tax plan as a "far-left activist" who wanted to "destroy the French economy".

International Business Times

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I tested the Mazda CX-50 for a week and it'll make you forget about buying an EV — here's why

The 2025 Mazda CX-50 Hybrid balances performance and value by delivering impressive fuel economy during my week's worth of testing.

Tom’s Guide

The race to find a way to recycle old turbine blades from windfarms

Made from glass carbon fibre, they are difficult to break down, but in UK and elsewhere in Europe there are plans to tackle the waste

The Guardian - UK

Australia's looming landfill crisis is fixable but ...

Australia's landfill woes need to be met with mandates to push manufacturers and consumers towards reusable not recycled products, experts say.

AAP

Coalition denial makes Labor seem reasonable on climate – but neither is ambitious enough

Treasury estimates a ‘disorderly’ energy transition would result in an Australian economy that’s $1.2tn smaller. Neither major party has the policies to prevent that

The Guardian - AU

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I Asked ChatGPT What Would Happen If Social Security Ran Out: Here’s the Worst-Case Scenario

ChatGPT reveals some of the ripple effects that could happen if Social Security vanished. Retirees, families and the entire U.S. economy would be impacted.

GOBankingRates

‘Dagenham is worried’: London borough in limbo after Smithfield and Billingsgate move axed

Halting of dock redevelopment is big blow to area already hit by uncertainty over Ford site’s future

The Guardian - UK

These 5 Side Hustles Are On Their Way Out In the Trump Economy

Side hustles are a popular way to make extra cash. According to MarketWatch, 51% of Americans had a side hustle in 2024. But the industry is changing.

GOBankingRates

‘Something is working’: UN climate chief optimistic about green transition

Exclusive: Simon Stiell believes economic benefits will compel countries to speed up climate action

The Guardian - UK

Mazda CX-30 Homura: A lot more fun than it looks

CAR REVIEW: Mazda’s new compact SUV boasts a new powertrain that helps it outstrip expectations on the road, while offering excellent fuel economy and low emissions, writes Sean O’Grady

The Independent UK

Options Corner: Why BigBear.ai Bulls Continue To Load Up Despite The Short-Selling Threat

While the U.S. economy may be headed toward a period of stagflation, the one sector that continues to not receive the memo is technology; specifically artificial intelligence. Just when you thought that the generative AI boom was losing its charm — particularly from the disappointing response to Nvidia Corp (NASDAQ:NVDA)…

Benzinga

Grim news for Trump on economy, immigration, and crime as Republicans say US headed in wrong direction: polls

Young Republicans and GOP women have seen the largest drop in optimism since the Charlie Kirk shooting

The Independent UK

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GOBankingRates

The ‘Happy Meal Indicator’: A McDonald’s Trend That Means the Economy Is in Trouble

Ordering a kids' meal used to be a simple, nostalgic pleasure. Now, it's a sign of a disturbing trend -- adults getting priced out of adult-sized meals.

The Independent UK

South African trade officials in Washington for tariff talks and efforts to ease tensions

South African trade officials have held talks with their U.S. counterparts in Washington as Africa’s largest economy looks to repair strained relations and negotiate the lifting of heavy tariffs imposed by the United States

The Conversation

The tech prosperity deal is huge. But will the UK reap the benefits?

The much-lauded UK-US tech deal landed to coincide with President Donald Trump’s state visit to the UK. It has been dubbed the “tech prosperity deal”, but who, exactly, is set to prosper? After all, the deal will make the UK more reliant on US tech and may hasten the embedding…

Kiplinger

After Years of Stagnant Growth, Hope Emerges for EU Economy

Can a German fiscal push outweigh French political peril?

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Fortune

Inside the Fed’s economic projections, ‘something isn’t adding up’ according to SoFi’s investment chief

The Fed says the economy will grow and unemployment will decline. So why did it cut interest rates on Wednesday?

Kiplinger

The Best Bank Stocks to Buy

Bank stocks are part of the financial services sector and are a way to gain exposure to the broader economy. Here, we look at how you can find the best ones.

The Guardian - US

Trump’s response to a court’s decision on tariffs is bonkers – even for him

The president’s claim that undermining his tariffs would ‘literally destroy’ the country gets the situation backwards

GOBankingRates

Trump Said He Would End Inflation on Day 1 of His Presidency — See Where We Stand Now

Trump vowed to end inflation on day one—has he kept that promise? Explore where prices, wages and the economy stand now under his leadership.

Euronews

Ukraine has 'hit the nail on the head' with strikes on Russian oil industry, economist says

Kyiv’s strategy to strike the Russian oil industry is “the most efficient thing Ukraine can do” to hurt Moscow's war machine. Still, it will not break the army and will not stop Moscow’s war, Russian economist Vladislav Inozemtsev told Euronews.

Latin Times

How Latino Founder Kevin Leyes Is Building LeyesX, a Trifecta of PR, Cybersecurity, and Creator Management

Kevin Leyes was born in González Catán, Argentina, to a humble family. Today, at only 25, that same Argentine entrepreneur runs from Miami what he calls an empire at the intersection of cybersecurity, media, and the creator economy.

Benzinga

Trump's $17 Trillion New Investments Claim 'Clearly' Not True, Says Peter Schiff: GDP Growth Would 'Explode by Roughly 50%' If Factual

Economist Peter Schiff is calling out President Donald Trump’s claims regarding $17 trillion in new investments flowing into the U.S. economy.

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