Latest in Economy Faces Paralysis
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ECB Cuts Interest Rates as the Economy Weakens
The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher tariffs promised by President-elect Donald J. Trump.The New York Times - Dec. 12 -
China Moves to Trump-Proof Its Economy
Leaders promised more government support for China’s struggling economy next year as they brace for another big showdown over trade.The Wall Street Journal - Dec. 12 -
China Pledges More Stimulus to Shore Up Flagging Economy
At a meeting to set the party’s economic policy agenda, China’s leadership said it would borrow more and cut interest rates in a bid to bolster growth.The New York Times - Dec. 12 -
Syria’s acting finance minister pushes plan to revive war-torn economy
Riad Abd El Raouf, who served in former regime, says rebels to reopen border crossing and review Russia and Iran dealsFinancial Times - Dec. 12 -
Trump tariffs to have 'insignificant effect' on UK economy
Plans by Donald Trump to impose blanket tariffs on all imports to the US will have an "insignificant effect" on the UK economy, according to a poll of international economists. While policymakers ...Yahoo Sports - Dec. 12 -
Lawmakers face deepfake threats
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Lawmakers targeted by sexually explicit deepfakes More than two dozen lawmakers have been the victims of ...The Hill - Dec. 11 -
How mass deportations could devastate the U.S. economy
President-elect Donald Trump plans to deport up to 11 million undocumented immigrants. But how much will it cost? Jeremy Robbins, executive director for the American Immigration Council, joins ...CBS News - Dec. 10 -
Biden touts economic legacy, says Trump will inherit a strong economy
President Biden touted his economic record during a speech on Tuesday, despite high prices being a key factor in President-elect Donald Trump's win. CBS News political correspondent Caitlin ...CBS News - Dec. 10 -
Trump’s deportation plan would hurt families and economy, Senate hears
Witnesses testify to judiciary committee as top Republican says undocumented people should ‘get ready to leave’ . Donald Trump ’s vow to carry out the largest deportation campaign in American ...The Guardian - Dec. 10 -
Is Trump a threat to the US economy? With Larry Summers
Martin Wolf in conversation with the former US Treasury SecretaryFinancial Times - Dec. 10 -
Hiring falls more sharply in UK than other major economies
Slowdown in British recruitment unusual because it involves low-wage sectors, according to data from website IndeedFinancial Times - Dec. 10 -
German union boss urges Berlin to scrap borrowing cap to safeguard economy
IG Metall chair Christiane Benner addresses thousands of VW workers striking over planned closure of several plantsFinancial Times - Dec. 9 -
Nvidia Faces Antitrust Investigation in China
The move by Chinese regulators came a week after the Biden administration expanded curbs on the sale of advanced U.S. technology to China.The New York Times - Dec. 9 -
12/8: Face the Nation
This week on “Face the Nation with Margaret Brennan,” Syrian rebels have taken control of Damascus, overthrowing the regime of President Bashar Assad. Plus, more on the congressional task force ...CBS News - Dec. 8 -
Face the Nation: Kelly, Crow, McCourt
Missed the second half of the show? The latest on... the investigation of the Donald Trump assassination attempt, the TikTok ban and the crisis in GazaCBS News - Dec. 8 -
Europe's economy needs help. Political chaos in France and Germany means it may be slower in coming
Europe's economy has enough difficulties, from tepid growth to trade tensions with the U.S. Dealing with those woes is only getting harder due to the political chaos in the two biggest European ...ABC News - Dec. 8 -
US economy added 227,000 jobs in November
Rise in unemployment rate bolsters case for Federal Reserve rate cut this monthFinancial Times - Dec. 6 -
China’s Export Ban on Strategic Minerals Could Hit Tech, Wider Economy
Beijing’s curbs on crucial minerals such as gallium, germanium and antimony needed for computer chip and electronics manufacturing could wreak havoc on supply chains.Inc. - Dec. 6 -
U.S. economy added 227,000 jobs in November
The U.S. economy added 227,000 jobs in the month of November and the unemployment rate sat at 4.2%, according to a Bureau of Labor Statistics report.NBC News - Dec. 6 -
U.S. economy poised to dominate for the next 20 years — at the cost of growing inequality, economist says
U.S. economic dominance over other countries is poised to surge in the next 20 years due to its widening lead in technology and science, but at the expense of growing inequality at home.MarketWatch - Dec. 6 -
China's ban on key high-tech materials could have broad impact on industries, economy
China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded ...ABC News - Dec. 6 -
The Big Question: is the US economy exceptional — or overhyped?
Three FT pieces this week explore the soaraway, world-beating success of American business. But can it last?Financial Times - Dec. 6 -
Collapse of France’s Government Further Burdens Its Weak Economy
Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.The New York Times - Dec. 5 -
Jobless claims show extremely low layoffs amid sturdy U.S. economy
The number of Americans who applied for unemployment benefits during Thanksgiving rose to a six-week high, but jobless claims stayed at extremely low levels in a clean bill of health for the U.S. ...MarketWatch - Dec. 5 -
World economy has exited the ‘boom and bust’ cycle, BlackRock says
‘Mega forces’ including artificial intelligence technologies are reshaping the global economy in a way that has seen it leave behind traditional boom and bust cycles, BlackRock saidMarketWatch - Dec. 5 -
Italy’s slowing economy raises pressure on Meloni
Statistics agency halves GDP growth for 2024 as parliament adopts first part of next year’s budgetFinancial Times - Dec. 5 -
Afghan economy shows modest signs of growth but recovery remains fragile, says World Bank
The World Bank says Afghanistan’s economy is showing modest signs of growth after two years of severe contractionABC News - Dec. 5 -
Far from a bazooka, China's stimulus measures are just trickling through the economy
China's latest efforts to kickstart growth will take time to play out, data and company earnings show.CNBC - Dec. 4 -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
Fed’s Beige Book says economy is stable. Companies more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the economy, a new Federal Reserve survey found.MarketWatch - Dec. 4 -
Economy cools off after election, ISM finds. Businesses anxious about Trump’s economic plans.
Service-oriented companies in the U.S. grew in November at the slowest pace in three months, reflecting uncertainty about how the incoming Trump administration will affect the economy.MarketWatch - Dec. 4 -
How Bangladesh’s Economy Was Siphoned Dry
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of the banks under the deposed prime minister.The New York Times - Dec. 4 -
Barnier to face no-confidence vote on Wednesday
French government likely to fall after just 3 months in office over PM’s attempt to force through budget measuresFinancial Times - Dec. 3 -
Pakistan's Reliance on Chinese-Built Power Plants Is Strangling Its Economy
Pakistan turned to Beijing to solve a crippling energy shortage. Now, the country is crushed by debt and sky-high energy prices—and its economy is spiraling.The Wall Street Journal - Dec. 3 -
Trump reportedly jokes Canada could be 51st U.S. state if tariffs wreck economy
Trump outlined his plans to place 25% tariffs on all Canadian goods imported into the U.S., in a meeting with Trudeau at Mar-a-LagoMarketWatch - Dec. 3 -
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Why America’s economy is soaring ahead of its rivals
The country’s outperformance is rooted in long-term productivity growth that is the envy of the developed world. Could Trump’s policies endanger its lead?Financial Times - Dec. 3 -
An extraordinary global economy will require extraordinary agility
Policymakers need to adjust their approaches including through pre-emptive negotiations with the incoming US administrationFinancial Times - Dec. 3 -
How Chairish Made the Circular Economy Work for Secondhand Furniture
The home furnishings marketplace has nailed the formula for scalability in a tricky category.Inc. - Dec. 2 -
