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The Latest Breaking News on Economy

UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’

The nation’s average pay gap widened by 2.4 percentage points to 14.4% in 2021, accountancy giant PwC found in its Women in Work index.

The Independent UK

Inflation pressures put Powell in spotlight before Congress

When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9% and showed no sign of easing

The Independent UK

4 Stocks You’ll Be Glad You Bought in 2023

While inflation showed signs of slowing, it is still far from the Fed’s target. Moreover, a tight labor market strengthens the case for higher rate hikes. Hence, fundamentally strong stocks Stellantis (STLA), General Motors (GM), Textron (TXT), and Modine (MOD), which look well-positioned to whether a market downturn, might be…

StockNews.com

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Saudi Arabia Ranks First among G20 Countries in Productivity Growth

After successfully introducing development initiatives and programs to regulate the labor market and improve the contractual relationship between employers and employees, Saudi Arabia has managed to secure first place among the Group of 20 countries (G20) for factor productivity growth in 2022. According to a series of modeled readings issued…

Asharq Al-Awsat

What is the US national debt and how has it grown over time?

The national debt grew by more than $4 trillion in 2020 alone.

USAFacts

A 3.9% council tax rise is now being proposed in RCT to help with pressures on social care

The council had originally proposed a 3.5% increase but cabinet agreed to increase it to 3.9% due to ongoing pressures in relation to social care

Wales Online

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

The Independent UK

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Jeremy Hunt can afford public sector pay rises at March Budget, says IFS

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

The Independent UK

The 4 Best Forever Stocks to Buy in February 2023

The stock market volatility is not expected to end anytime soon as the macroeconomic headwinds remain. So, I think fundamentally solid Johnson & Johnson (JNJ), Gilead Sciences (GILD), Stellantis (STLA), and Cardinal Health (CAH) could be the best stocks to own now and forever. Keep reading.

StockNews.com

UK strikes: Which workers' unions are taking industrial action and when?

More NHS workers, including junior doctors, nurses and ambulance workers, have voted in favour of walking out

Chronicle Live

Government debt: you’re a part of it. Is it a problem?

Eye-watering government debt makes for good headlines, but how much is too much is far less clear.

360info

No money left by month-end? Follow these tips

NEW DELHI: We all complained about overspending a lot of times and in fact all the times. But then, in spite of being aware that we are an overspender, do we actually take any step to control it? Well, we do a lot of time but more than a lot…

The Times of India

Measures announced in Union Budget to promote jobs, spur economic growth: Report

NEW DELHI: The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the finance ministry said on Thursday.

The Times of India

Sir Keir Starmer admits achieving economic growth pledge will be ‘tough’

The Labour leader has unveiled five ‘missions’ outlining his plans for government if the party wins the next election.

The Independent UK

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Manchester Evening News

Public sector workers could see pay rise of just 3.5 per cent next year

Unions have condemned the potential wage increase, with one describing it as a 'sick joke'

ABC News

Australians experienced their largest real wage decline on record in 2022

Wages growth again misses Reserve Bank and economist forecasts, as workers experience their biggest decline in real purchasing power on record.

The Guardian - AU

Wage growth surprise: slower-than-expected gain eases RBA rate rise fears

December quarter wage index rose from 3.1% to 3.3%, but 7.8% inflation indicates a 4.5% decrease in real wages

AAP

Call for Vic wages cap to be axed as inflation soars

The Victorian Greens are leading a call for Victoria's 1.5 per cent cap on public sector wages to be axed to keep essential workers' heads above water.

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The Guardian - UK

Hopes rise that UK might avoid recession after services sector rebound

Pound edges up as stronger economic growth increases chances of further interest rate rises

Bangkok Post

Four-day work week gains converts

LONDON: The largest-ever trial of the four-day work week has found that most UK companies participating are not returning to the five-day standard, and a third are ready to make the change permanent.

Manchester Evening News

The strikes taking place this week and how they'll affect you

Walk-outs by university staff have been paused this week, but ambulance workers are still on strike

AAP

Wages, Reserve Bank minutes to take the spotlight

The pace of wage growth will take centre stage, with the Reserve Bank hoping for a moderate reading that doesn't make its inflation challenge harder.

WEKU

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

Daily Mirror

'Nobody should lose their job if they take legal action to win a better deal at work'

Guest columnist Paul Nowak - general secretary of the Trades Union Congress - is urging the government to stop attacking workers' right to strike and sort out the staffing crisis across the public sector

The Independent UK

Strike: Who is taking industrial action in 2023 and when?

More disruption likely as pay disputes go unresolved and industrial action continues

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