Chile's Congress has approved a sweeping economic reform package championed by President José Antonio Kast, featuring corporate tax cuts and investment incentives designed to revive growth in the world's largest copper producer. The Senate passed the final article with a 27-22 vote, marking a major legislative victory for Kast's flagship economic initiative.
New York City Mayor Zohran Mamdani named former FTC Chair Lina Khan as board chair of the New York City Economic Development Corporation, a surprise appointment that puts a prominent antimonopoly advocate in a key economic development role.
Germany's CDU/CSU-SPD coalition government unveiled a comprehensive package of pension, tax and labor reforms after seven hours of negotiations. Chancellor Friedrich Merz says the measures aim to revive the country's sluggish economy, boost competitiveness and create jobs.
Andy Burnham, former mayor of Greater Manchester, is set to become Britain's next prime minister following Keir Starmer's resignation announcement. Burnham delivered his first major policy speech outlining his economic agenda and devolution plans, including a 10-year mission to raise living standards and promote regional growth.
A Pew Research Center survey found global confidence in President Trump stands at just 23%, indicating declining U.S. standing abroad, even as Trump celebrated Father's Day by claiming the U.S. has the "BEST ECONOMY EVER" with record jobs and stock market numbers.
Democrats dominated Election Day 2025, winning gubernatorial races in Virginia and New Jersey and New York's mayoral contest, as voters cited economic concerns and rejected President Trump's endorsed candidates in the first major elections since his return to the White House.
