Economy Industry News
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China's rare-earth success offers lessons in economic security
China's rare-earth dominance reveals the strengths and vulnerabilities of its distinctive political economy — and offers lessons for competitors such as Japan. In 2024, China mined 60% of global rare earths but produced 91% of refined oxides…
Reader Q&A: Send a question to Guardian economics columnist Aditya Chakrabortty
Guardian columnist, senior economics commentator and host of the new Radical Thinking podcast Aditya Chakrabortty will be online at 2pm GMT (9am EDT) on Friday to answer your questions on the big ideas around economics, society and democracy Send…
Economy expanded at 3.4% rate in third quarter in sign of underlying strength
Stronger GDP growth is a positive economic data point that the Trump administration can cite with less than a week left until the midterm elections. Growth was also stronger than the 3.2% rate economists had anticipated. “The economy is also…
It's the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.
Three years ago, something unusual happened in America. In the middle of a period of economic growth, during which U.S. businesses had been creating, like clockwork, more than 150,000 jobs each month, suddenly the private sector added just 84,000…
Big Tech's negative take on AI economic future sparks questions
White-collar jobs in the tech industry, such as software engineers, are actually having a “huge surge,” he said, because businesses are recruiting new “forward-deployed engineers,” or FDEs, to help them adapt AI to their…
Bank tax hike 'unhelpful' to economic growth aims, Lloyds finance chief says
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. A top executive of Lloyds Banking Group has criticised a…
Thursday's Economic Calendar
Gross Domestic Product represents the total value of the country's production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners, and government entities. The consensus…
G20 summit to come to Atlanta, impacting traffic and bringing economic attention
U.S. Secretary of State Marco Rubio and foreign dignitaries will descend on Atlanta this week for two days of meetings focused on economic and security challenges. The event, spanning Friday and Saturday, will feature the Group of 20, an…
Germany's Steinmeier says China must avoid one-sided benefits in economic ties
In its pursuit of economic self-sufficiency, China must not create one-sided dependence in other markets, Germany's President Frank-Walter Steinmeier urged in an address at a top-tier university in Beijing on Thursday. SCROLL TO CONTINUE WITH…
The Tana Forum: Africa's future must be forged through economic sovereignty
As global powers increasingly treat the African continent as a chessboard for geopolitical maneuvering, a quiet yet profound counter-narrative is taking root in the highlands of East Africa. The recently concluded 12th Tana High-Level Forum in…
Is AI Crowding Out The Rest Of The Economy?
AI may be reshaping the economy more than expanding it. Despite an investment surge driving U.S. demand, overall U.S. growth has remained moderate, suggesting gains from AI are being offset elsewhere. Rising interest rates, among other factors, are…
What we now know about the UK economy in four charts
The UK may have no involvement in the US-Iran war, but the country is feeling the full force of the conflict on its economy. Soaring energy prices are set to dent growth in the short term, push up inflation and leave living standards in a 'grim'…
The Fed Is Being Forced To Hike Into The Wrong Economy
The Fed held rates but signaled a hawkish stance, with dissents indicating a shift toward more tightening. Inflation is being driven by AI investment and energy shocks, sectors largely insulated from rate hikes. The real economic risk is that…
Ontario Delays Balancing Books Again as Economic Growth Slows
Ontario continues to delay balancing its books as its economic outlook deteriorates, and now projects it won't reach a surplus until the 2030 fiscal year. In an update released Thursday, the province forecast a C$16.9 billion ($12.1 billion)…
Lloyds boss warns bank tax hike 'unhelpful' to economic growth aims
The chief financial officer of Lloyds Banking Group has urged the government to ensure a hike to bank taxes remains temporary, calling it “unhelpful” to achieving UK economic growth. William Chalmer was reacting to a planned doubling…
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