Tear down barriers to growth, UK finance minister tells regulators
LONDON (Reuters) – Finance minister Rachel Reeves has urged Britain’s regulators to remove barriers to economic growth, tasking them with creating a regulatory environment that boosts investment and innovation. In a meeting on Thursday, Reeves told the bosses of the competition,
Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday. “I have over the last several months become more comfortable that this is a
World Bank warns U.S. tariffs could dent global economic growth
Investing.com — The World Bank said on Thursday that a 10% across-the-board tariff imposed by the U.S. could decrease the global economic growth rate, which is already tepid at 2.7% in 2025, by 0.3 percentage point. This is under the
Trump’s US Treasury pick Bessent says extending tax cuts a top priority
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax cuts that are set to expire at the end of this year is “the single most important economic
World Bank warns that US tariffs could reduce global growth outlook
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America’s trading partners retaliate with tariffs of