Economy News | LeadStory

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UK Starmer defends tax rises as living costs continue to climb

Britain's new budget is putting more pressure on workers, despite earlier promises that taxes wouldn't rise. The prime minister says raising taxes is necessary to grow the economy. But critics warn it could hurt the middle class.

Al Jazeera

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Most non-EU visitors will pay 45% more to visit Louvre

Paris's Louvre museum said Thursday it would raise ticket prices for most non-EU visitors. The museum told AFP the 45-percent price hike aims to boost annual revenues by up to $23 million to fund structural improvements at the world's mo...

France 24

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Turkish town hopes for Christian tourism boost

Pope Leo XIV visits the Turkish town of Iznik, fulfilling a trip his predecessor Francis planned to make. DW's correspondent travelled to Iznik ahead of Leo's arrival — and found a town ready to welcome the new pontiff.

DW News

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Thanksgiving shoppers say Trump 'killing us' on grocery prices

President Donald Trump campaigned on a pledge to lower consumer prices that skyrocketed during Joe Biden's term, but some Americans are now calling him out for soaring living costs that's forced them to seek help from food pantries.

Reuters

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Somali fishermen struggle as trawlers drain millions from coasts

Foreign trawlers deplete Somalia’s fish stocks despite a ban, harming livelihoods as weak enforcement fuels poverty.

Al Jazeera

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UK budget: Taxes rising to curb debt, fund public services

UK unveils a tax-raising budget to stabilise debt and support public services amid economic and political pressure.

Al Jazeera

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Debates restart over Canada’s fighter jet purchase amid trade tensions

Canada has reopened debate over its planned F-35 purchase as trade tensions with the United States intensify. Newly obtained defence figures show the Swedish Gripen, the main alternative under consideration, received a significantly lowe...

CBC News

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Why tariffs might make real Christmas trees more attractive this year

With Thanksgiving coming, Christmas trees will soon be going up in homes all over America. Most artificial trees are made overseas, and the president's tariffs are making them more expensive. At the same time, prices of real trees are ho...

CBS America

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How to get the best Black Friday deals this year

The National Retail Federation expects roughly 187 million people to shop between Black Friday and Cyber Monday this year. With so many deals out there and different branded days to shop, how can buyers be sure they're getting the best d...

CBS America

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Preparing for high Christmas tree prices this holiday season

With prices of live Christmas trees going up this year, consumer reporter Marie Coronel shows how you can choose a tree that fits within your budget.

Scripps Local

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New economic data shows plummeting consumer confidence

U.S. consumers felt less confident about the economy in November amid the government shutdown and inflation, new economic data shows. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS America

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UK's Reeves hikes taxes in budget plan to boost fiscal buffer

Britain's government will have more than double its previous buffer for meeting its fiscal targets, due in large part to tax rises, according to estimates by the country's fiscal watchdog published on its website ahead of finance ministe...

Reuters

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Tips to stretch your dollar this holiday season

CBS News MoneyWatch correspondent Kelly O'Grady breaks down new data on the economy and how it impacts consumers searching for holiday deals.

CBS America

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Prices increase as Americans prepare for Thanksgiving

Despite White House claims, prices on key staples are on the rise, including cranberry sauce and potatoes.

Al Jazeera

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Saskatchewan projects $427M budget deficit in mid-year update

Finance Minister Jim Reiter said the Saskatchewan government is now projecting a budget deficit of $427M, citing higher health-care expenses and the cost of fighting the summer's wildfires.

The Weather Channel

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Consumer confidence tumbles in November to lowest point since April

A new report shows consumer confidence has hit its lowest point since April. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

CBS America

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New economic data raises questions about another Fed interest rate cut

New data released Monday show how the shutdown impacted the economy in September and raised questions over whether the Federal Reserve will cut interest rates again before 2026. Kristin Myers, the ETF editor-in-chief for Asset TV, joins ...

CBS America

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Finland clings to happiness crown as economic gloom deepens

Harsh economic headwinds are sending a chill through the world's happiest country. But after 1,000 days of unemployment, 33-year-old Juho-Pekka Palomaa hasn't let Finland's problems get him down just yet.

France 24

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Black Friday sales launch amid economic uncertainty

Inflation and recession fears reshape U.S. Black Friday shopping as many prioritise essentials over holiday splurges.

Al Jazeera

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Carney considers D.C. trip after being non-committal about trade talks

Prime Minister Mark Carney is considering a trip to Washington next week, on the heels of a weekend quip about trade talks with U.S. President Donald Trump that sparked pushback from the Opposition.

CBC News

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Sports is an asset that will grow in the U.S.: Mansour

Mohamed Mansour, co-owner of San Diego FC and co-founder of Man Capital says aligning MLS with FIFA's schedule will boost the league's growth as soccer's US fan base surges. He discusses how sports is a strong long-term investment for him.

Bloomberg

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Poll: Americans say inflation isn’t as good as Trump claims

New CBS News polling finds that Americans' feelings about the economy and inflation don't match the messaging being put out by the Trump administration. CBS News executive director of elections and surveys Anthony Salvanto has the numbers.

CBS America

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U.S. to cut steel tariffs only if EU agrees to soften digital rules

The U.S. is pushing for softer digital rules enforcement in exchange for tariff relief to the Europeans after Brussels meeting with Greer and Lutnick.

Euronews

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Thanksgiving shoppers say Trump 'killing us' on grocery prices

Reuters

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65% of Americans think Trump policies raising grocery prices: CBS poll

A new CBS News poll has found that 65% of Americans say President Trump's policies are forcing grocery prices to jump. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS America

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How Latin America tries to cope with Trump's tariffs

Trade between the U.S. and Latin America tops more than a trillion dollars, but tariffs and shifting supply chains are causing uncertainty. How do Mexico, Brazil, and others navigate this changing landscape?

DW News

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Floods across Southeast Asia cause billions in damage

Torrential rain floods Southeast Asia, killing 100 in Vietnam and forcing thousands to evacuate.

Al Jazeera

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Canada opens door to more trade with India at G20

Prime Minister Mark Carney used the G20 meeting to diversify Canada’s trade options including an agreement to work toward a new trade deal with India after years of tension between the two countries.

CBC News

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Americans pessimistic about economy ahead of holiday shopping

Holiday shopping is kicking off, and a new CBS News poll shows only 32% of Americans think the economy is in good shape.

CBS America

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African nations join coalition levying taxes on luxury air travel

A coalition of 13 countries has announced new taxes on luxury air travel, applying to private jets as well as business and first-class tickets. Most of the members are from the Global South.

Africanews