Latest in Uk Economy Shrinks
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UK economy unexpectedly shrinks by 0.1%
October contraction marks second consecutive fall and deals blow to Labour government’s economic agendaFinancial Times - 27m -
UK economy shrinks unexpectedly for second month in a row
The economy had been expected to return to growth but it contracted by 0.1%.BBC News - 2h -
UK economy shrinks for second month, contracting 0.1% in October
It marked the country's second consecutive economic downturn, following a 0.1% GDP decline in September.CNBC - 4h -
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 - 20h -
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 - 23h -
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Europe's economy falters as Trump presidency looms
The European economy is going to have a tough few years, if new forecasts are correct.BBC News - 19h -
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 - 1d -
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 - 2d -
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 - 2d -
Is Trump a threat to the US economy? With Larry Summers
Martin Wolf in conversation with the former US Treasury SecretaryFinancial Times - 2d -
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 - 3d -
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 - 3d -
US economy added 227,000 jobs in November
Rise in unemployment rate bolsters case for Federal Reserve rate cut this monthFinancial Times - 6d -
Meta launches open source Llama 3.3, shrinking powerful bigger model into smaller size
The 70B-Llama 3.3 is specifically optimized for cost-effective inference, with token generation costs as low as $0.01 per million tokens.VentureBeat - 6d -
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. - 6d -
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 - 6d -
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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 -
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 -
New UN aid chief vows 'ruthlessness' to prioritize spending as funding for world's crises shrinks
The new head of the U.N. humanitarian aid agency is calling for “ruthlessness” when prioritizing how it spends moneyABC News - Dec. 4 -
New UN aid chief vows 'ruthlessness' to prioritize spending as funding for world's crises shrinks
The new head of the U.N. humanitarian aid agency is calling for “ruthlessness” when prioritizing how it spends moneyABC News - 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 -
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 -
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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
