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The Latest Breaking News from Economy

‘Just enough to spend, not enough to splurge’: The low-hire labor market bites for Gen Z and lower-income Americans, JPMorgan finds

Workers ages 50–54 are experiencing negative real income growth, year over year, so reality bites for Gen Xers in the 2025 economy, too.

Fortune

'Two-Speed Economy'–Luxury Cruise Executives Say The Wealthy Have 'Great Jobs, Bank Accounts' & Low-Income Households Struggle To Afford Essentials

Concerns are growing in the U.S. about a K-shaped economy, where wealthier households continue to earn and spend more, while lower-income groups struggle to keep up.

Benzinga

London visitors to pay tourist tax under Rachel Reeves Budget plans

Rachel Reeves, who is set to deliver her Budget on Wednesday, has signed off measures that will give English cities and regions the power to charge tourists

Evening Standard

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read the most diverse news in one place.

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation

The Independent UK

Rebuilding ‘human-made abyss’ in Gaza will cost at least $70bn, UN says

Report says Israel’s operations ‘significantly undermined every pillar of survival’ and reduced the economy by 87%

The Guardian - UK

Paris on alert as China’s JD.com targets French retailer Fnac Darty

Chinese e-commerce giant JD.com’s decision to take a stake in retailer Fnac Darty has revived French government concerns about China’s growing influence in Europe.

Euronews

Christmas sandwiches have become unhinged – so why does Britain keep buying them?

COMMENT: They’re overpriced, structurally unsound and weirder by the year, yet we buy them anyway. Hannah Twiggs investigates the runaway Christmas-sandwich economy, the cold-roast physics behind them and why your pick reveals more about you than it should

The Independent UK

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A lighter Santa’s sleigh: Two out of five Americans plan to spend less this holiday season amid economic uncertainty

Around a third of Americans think the US economy will get worse in 2026

The Independent UK

UK can create 5,400 jobs if it stops plastic waste exports, report finds

Campaigners say closure of loophole making it cheaper to export rather than recycle will boost circular economy

The Guardian - UK

UK sugar tax to be extended to more soft drinks and milkshakes; markets rally ahead of the budget – as it happened

Government sets out plans to lower the threshold within the Soft Drinks Industry Levy to 4.5g per 100ml, down from 5g

The Guardian - UK

'World-first' deal to give delivery drivers better pay

The nation's biggest food delivery companies have struck a deal with a union to improve the pay and working conditions of the "silent heroes" of the economy.

AAP

Tesla's China Struggle Exposes 'Stark Strategic Choice' For American Companies, Says Economist Mohamed El-Erian: Bet On Peace Or Pullback Fast

Economist Mohamed El-Erian says the latest news about Tesla Inc.'s (NASDAQ:TSLA) performance in China signals deeper challenges for U.S. corporations operating in the world's second-largest economy.

Benzinga

Rate cut a shoo-in as Kiwi economy searches for spark

With an economy shrinking and unemployment at eight-year highs, New Zealand's central bank is all but certain to cut rates at its last meeting of the year.

AAP

The Rise of Micro-Entrepreneurs: How Direct Selling Is Reshaping the Future of Work

A global surge in digital micro-entrepreneurs is reshaping the future of work, with direct selling, mobile technology, and AI empowering millions to build independent, flexible income streams across emerging markets.

International Business Times

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The Independent UK

Ending tax breaks on private jets could raise £2.7bn, new analysis reveals

Charity calls to bring taxes in line with economy class flights, with many private jet passengers currently paying minimal air passenger duty, no VAT and no fuel duty on polluting aviation fuel

Dinks Finance

How Couples Without Dependents Are Getting Taxed Harder Than Ever

Many couples without dependents believe their finances should be simpler, but the reality is that they’re increasingly getting taxed harder than ever. While families with children benefit from credits, deductions, and targeted relief programs, these households often fall through the cracks of modern tax policy. As the economy shifts, so…

Evening Standard

Oasis 2025: the best non-musical moments — featuring hugs, hats and sharks

Oasis concluded their Oasis Live 25 comeback tour with their second night in São Paulo, Brazil at the weekend. Over 41 dates, the band have dominated the live scene in music, with rave reviews and ticket mayhem - including some controversial dynamic pricing - and an estimated £1 billion generated…

Benzinga

US Economy Set To Grow In 2026 — But A New Survey Warns Of Weak Jobs, Sticky Inflation And Hidden Risks Ahead

The U.S. economy is projected to grow modestly in 2026, though job creation is expected to stay weak, according to a new NABE survey.

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The Independent UK

Cabinet minister admits Labour’s tax rises have driven wealthy out of UK

It comes just days after the prime minister was urged to tackle a ‘dangerous brain drain’ that is harming the UK economy

GOBankingRates

4 Ways Amazon’s and Other Recent Layoffs Could Affect the Economy — and Your Wallet

GOBankingRates spoke with two financial experts to find out what could happen to the economy due to these recent layoffs.

Evening Standard

OPINION - James Reed: 'The lack of jobs is part of a catastrophic and permanent change to the market'

At the beginning of this year, I saw something in the jobs market I’d never seen before in my 30-plus years in the recruitment business. The economy was growing, yet jobs vacancies were shrinking. This is not normal. Usually when the economy is growing, this goes hand in hand with…

Benzinga

AI Bubble About To Burst? Expert Warns 40% Of US Growth Is Concentrated In Single Narrative: 'America Is Now One Big Bet On AI'

Investor and author Ruchir Sharma believes the decade-long era of “American exceptionalism” is peaking, warning that the U.S. economy has become dangerously reliant on a single technological narrative.

Benzinga

Howard Lutnick Says Trump Could Deliver '6% GDP Growth,' Touts $3 Trillion A Year Investments: 'Factories Are Coming Home...'

Commerce Secretary Howard Lutnick said the U.S. economy is positioned for rapid expansion under President Donald Trump, citing a historic wave of manufacturing construction and tariff-driven capital investment that he argued will reshape the country's economic trajectory.

Evening Standard

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

The Independent UK

China’s flying taxis struggle to take off

Chinese companies are rushing to deploy low-flying vehicles and drones for various uses

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