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The Latest Breaking News on Economy

Inside Greater Manchester's summer of strikes as thousands of workers walk out

The country is set for unprecedented industrial action this summer

Manchester Evening News

Worship the rich, neglect the poor? Adam Smith’s words still capture how power works

A law introducing state-sanctioned strike breaking is the latest sign that regulation only applies to workers. For business interests, anything goes

The Guardian - UK

Concerns Canberrans on lower incomes will be left behind under ACT's new electric vehicle strategy

The ACT government's announcement that the sale of new petrol cars will be banned in the territory in 2035 is causing affordability concerns for Canberrans on lower incomes.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

Price data could surprise on the upside

Australia could be about to rack up its worst annual inflation rate in more than 31 years, paving the way for a sharp lift in official interest rates in August.

AAP

Government could be '10 years away' from rolling out universal basic income

A university academic has said "momentum is building" for a universal income.

Chronicle Live

ECB raises interest rates more than expected to combat inflation – as it happened

ECB raises rates by half a point in its first hike in 11 years, UK government finances worsen amid record debt interest costs and Russia resumes limited gas supplies to Europe

The Guardian - UK

The Guardian view on the UK economy: what an almighty mess

An unprecedented number will spend this winter choosing between freezing and starving. Britain needs an active state to help

The Guardian - UK

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New bushfire management plan, more urban tree planting in $10m budget pledge

Environment Minister Rebecca Vassarotti said the capital had a unique opportunity to better protect its landscapes.

The Canberra Times

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

ABC News

Basic income - why some people get free money and eligibility to receive £1,600 a month

Basic income has been tried in countries across the world and Wales from Friday will start its own pilot by giving no-strings-attached cash to young care leavers

Daily Mirror

Leo Varadkar says government has no plans for further intervention in cost of living crisis before Budget 2023

Speaking on RTE's Morning Ireland on Wednesday, he said for there to be any consideration of intervention, there would need to be further dramatic escalations in fuel prices

Irish Mirror

NSW announces $5bn childcare boost in state budget plan trumpeted as ‘once in a generation’

Private operators will be paid to make their services more accessible and affordable

The Guardian - AU

NSW government reveals $5 billion childcare plan in state budget

The NSW Premier says families could save thousands of dollars per child under a plan to expand existing child care centre and build new ones.

ABC News

Anthony Albanese announces plan to cut spending on two grant programs to deliver budget windfall — as it happened

Anthony Albanese uses his National Press Club address to announce a Labor government would strip hundreds of millions of dollars from two government grant programs and put the money to better use, in an effort to improve the budget bottom line.

ABC News

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news in one place.

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StockNews.com

Bear Market Scare? Inflation & Inverted Yield Curve

Goldman Sachs has elevated their recession and bear market indicator to 35% odds of happening within the next 2 years. That may not sound that alarming at first, but do realize that most bear markets come around when less than 50% of experts predict it’s on the way. So this…

StockNews.com

How the Inverted Yield Curve Could Impact the Market This Week

In last week's commentary we spoke about the big bounce of the S&P 500 (SPY) that got us back in the mix of all the key trend lines (50/100/200 day moving averages). And likely we would be stuck in a trading range around those levels for a while as investors…

USAFacts

Government spending increased $2 trillion in 2020, but GDP fell by nearly a trillion

How did GDP fall despite a historic increase in government spending due to the 2020 stimulus? Part of it has to do with the highest saving rate since 1945.

Kiplinger

Recession-Proof Stocks: The Best Stocks to Buy for a Recession

When you look for recession-proof stocks to buy, focus on low-risk, low-volatility businesses.

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