Economy Industry News

Damage to the ocean nearly doubles economic cost of climate change, new study finds

Scientists have factored damage to the ocean into the social cost of carbon for the first time -- finding it nearly doubles the economic impact from climate change. Ocean damage from climate change -- dubbed the 'blue' social cost of carbon --…

Washington's Climate Innovation Hub Proves The Green Economy Is Here To Stay

View of crowded modern cityscape with 1201 Third Avenue, U.S. Bank Centre, ship moving in foreground, Seattle, Washington, United States. While political winds shift and policy debates rage across the country on the reality of climate change and…

UK economy returns to growth as car manufacturing rebounds

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy returned to growth in November after a…

Germany's troubled economy shows modest growth after two years of shrinkage

FRANKFURT, Germany -- Germany's troubled economy returned to modest growth last year after two years of falling output, official figures showed, as hopes rise that government spending on bridges, rail lines and defense may help end years of…

UK economy grew by a faster than expected 0.3% in November

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The British economy shrugged off Budget uncertainty in…

UK economy grew by 0.3% in November, beating forecasts

The UK economy grew by a faster-than-expected 0.3% in November after car production rebounded and the services sector got a boost. Growth was driven by an increase in industrial output, the Office for National Statistics (ONS) said, helped by the…

UK economy beats forecasts with 0.3% growth in November - business live

Newsflash: The UK economy has returned to growth, and more vigorously than expected. UK GDP expanded by 0.3% in November, new data from the Office for National Statistics shows, after shrinking a little in October. That's faster than expected; City…

Relief for Reeves as UK economy clawed back ground in November

Rachel Reeves was offered some relief today as official figures showed the UK economy clawing back ground in November. GDP grew by 0.3 per cent across the month, a better performance than most analysts had pencilled in. It followed a 0.1 per cent…

As Digital Trust Erodes, Millennials Are Rebuilding The Analog Economy

Brick and mortar, tangible businesses are on the rise as technology continues to betray users. For a generation raised alongside the internet—and later battered by it—millennials are increasingly building businesses that run in the…

Economy returns to growth for first time since June - latest updates

Thanks for joining me. Britain's economy returned to growth for the first time since June in the run-up to Rachel Reeves's Budget, official figures show. Here is what you need to know. 1) Reeves urged to go further on pubs package after £4bn…

UK economy in surprise return to growth for November

Partial construction restarting at the cyber-hit Jaguar Land Rover plant and an uplift in services has led to a surprise return to growth for the UK economy, which expanded 0.3 per cent in November. Official figures from the Office for National…

UK economy grew by better-than-expected 0.3% in November despite budget uncertainty

ONS says GDP expanded in news that is unlikely to deter Bank of England from making more interest rate cuts The UK economy grew by 0.3% in November despite uncertainty around Rachel Reeves's budget, official figures show. Figures from the Office…

U.K. Economy Grows More Than Expected

Maine Outdoor Economy Summit will focus on economic resilience, workforce issues

The upcoming Maine Outdoor Economy Summit is designed to be a meeting ground for sharing ideas and actions across the industry. Speakers and breakout sessions will focus on professional growth, practical tools for businesses and “big-picture…

Bank of America CEO Moynihan Predicts Economic Growth Despite 'Risks' in 2026

Brian Moynihan, CEO of Bank of America, said he expects 'further economic growth in the year ahead,' though with 'any number of risks' looming. His comments were similar in tone to those from JPMorgan Chase's Jamie Dimon, shared yesterday. A second…