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The Latest Breaking News from Economy

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

German Gref said the country's central bank should lower interest rates to avoid a recession.

Euronews

Ray Dalio says 'most people are silent' because they're afraid to talk about what's really happening with the U.S. economy

Bridgewater’s billionaire founder sees dangerous 1930s parallels as government intervention increases and debt reaches World War II levels.

Fortune

Why Trump’s firing of the US jobs chief has economists worried

Economists warn credibility of Bureau of Labor Statistics at risk after Trump ousts commissioner over job numbers

The Guardian - US

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Political instability in France: How does it impact the economy and investments?

Economic risks are emerging in France while political instability looms, as the third government is in danger of falling in little over a year. Further attempts to tackle the country’s enormous debt could be choked until after the next presidential election in 2027.

Euronews

Australia scores a B- on its latest economic report card. It’s an improvement, but there’s still a long way to go

Spending by state and federal governments warded off a recession last year but they are now cutting back, and more business investment is needed

The Guardian - AU

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.

Fortune

New report reveals glaring gaps between Australia’s future needs and science capabilities

Since 1945, three-quarters of all global economic growth has been driven by technological advances. Since 1990, 90% of that advance has been rooted in fundamental science, according to Michael M. Crow, president of Arizona State University.

The Conversation

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India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs

India moves to cut taxes on hundreds of consumer goods ranging from air conditioners to small cars to bolster local consumption and cushion the economy from the blow of steep U.S. import tariffs

The Independent UK

With market on edge about Friday's jobs report, new data confirms the economy has the fewest job openings in nearly a year

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

Fortune

Rachel Reeves can’t resist the short-termist narrative of the bond markets

Letters: The idea of a fragile economy whose health is subject to very short-term events is false, writes Prof Saville Kushner, while Dave Hollis calls for taxes on polluters

The Guardian - UK

6 “Local” Brands That Are Actually Owned by Other Countries

We often choose to buy from brands with local-sounding or American-sounding names. We do this because we want to support the domestic economy. However, a brand’s name can be a very misleading indicator of its origin. Many products that sound like they are from your hometown are actually owned by…

Grocery Coupon Guide

What does the falling birthrate mean for the British economy?

Fertility rate has hit an all-time low in England and Wales. How will this impact the country and what’s the solution?

Al Jazeera

Global Gold Launches the World's First Decentralized Monetary Infrastructure for Gold

From 'backed' to legally owned. Global Gold has created a transparent on-chain system that brings real bullion into a programmable and liquid economy.

International Business Times

‘We’ve taken in almost $17 trillion of investment’: Donald Trump now just pulling random numbers out of thin air

Transitioning to a purely vibes based economy.

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Evening Standard

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

inkl

Microeconomies in Gaming: The Invisible Engines of Virtual Worlds

Today's modern online games are more than just battles, quests, and levelling up. Behind fairy creatures and flashy graphics, there's another kind of engine powering this whole virtual world - the economy.

The Guardian - AU

Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

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news in one place.

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The Conversation

Australia’s economy shows best result in two years as consumer spending picks up

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

Benzinga

Scott Bessent Says Trump Tariffs Delivering 'Historic Results,' GDP Growth Could Hit 5% — Justin Wolfers Hits Back: 'Ask American Manufacturers'

Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy.

Benzinga

3 Bargain Retail Stocks To Play Right Through The Holidays

American consumers are losing trust in the U.S. economy. Exhibit A is the latest Conference Board Consumer Confidence Index, which showed the index decline by 1.3 points in August, to 97.4. The Board’s Present Situation Index is also sliding, as it’s down 1.6 points for the month.

AAP

Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

Evening Standard

Tube strike set to deliver £230m blow to London economy was backed by just 57% of RMT members

6,004 union members voted in favour of industrial action before hearing about 3.4% pay rise — while 4,196 did not bother to vote

Fortune

UBS gives America a recession check-up and sees a 93% probability from the hard data, with a 'soggy' economy ahead

“Stable but elevated” isn't something you want to hear in a medical checkup or in a recession likelihood outlook.

GOBankingRates

5 Stocks That Should Stay Stable in a Trump Economy

President Donald Trump's second term has brought a lot of volatility in the stock market. Tariffs brought some uneasiness on what they would mean for stocks -- this had a major impact on the market....

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