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The Latest Breaking News from Deficit

Mexico's incoming president faces tough economic challenges

On top of security, immigration and the green transition, Mexico's President-elect Claudia Sheinbaum is facing a host of economic challenges. In this year's budget, Mexico's public deficit stands at 5.9 percent, the largest in decades. Plus, as she seeks to cut spending, Sheinbaum will have to decide what to do…

France 24

Japan’s Yuka Saso overturns three-shot deficit to win her second US Open title

A closing 68 gave the 22-year-old a winning total of four under par, three shots clear of compatriot Hinako Shibuno.

The Independent UK

MotoGP Italian GP: Bagnaia leads factory Ducati 1-2

Bagnaia - who was demoted from second to fifth due to a grid penalty - claimed the lead at Turn 2 on the opening lap and never looked back, taking the chequered flag by 0.8s over team-mate Bastianini, as championship leader Jorge Martin had to settle for third. At the…

Motorsport

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WRC Rally Sardinia: Tanak slashes Ogier's lead, Neuville tops Sunday standings

Tanak started the morning trailing Ogier’s Toyota by 17.1s but a strong run through the morning’s two stages reduced the deficit to 6.6s with two stages remaining.

Autosport

Ratings agency S&P downgrades French credit score from AA to AA-

Ratings agency S&P on Friday downgraded France's credit score for the first time since 2013, citing a deterioration in the country's budgetary position.

France 24

Cocoa Prices Rise on ICCO's Larger Cocoa Deficit Estimate

July ICE NY cocoa (CCN24 ) Friday closed up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) closed up +24 (+0.32%). Cocoa prices saw support after the International Cocoa Association raised its cocoa deficit estimate. On Friday, ICCO estimated a 439,000 MT cocoa deficit for 2023/24, 17% higher...

Barchart

Banning tyre warmers at Le Mans an "unsafe" choice, say Ferrari WEC drivers

Teams across both Hypercar and LMGT3 categories will not be allowed to artificially heat their tyres in the blue riband round of the World Endurance Championship on 15-16 June as per the updated sporting regulations for 2024. The WEC had originally imposed an outright ban on tyre warmers at the…

Autosport

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Friday favourite: The “trick” features that endeared Unser to Penske's forgotten car

The Penske PC27 is a somewhat improbable choice for Al Unser Jr’s favourite car. A two-time Indianapolis 500 winner and two-time IndyCar champion, he had his greatest successes at the wheel of the Lola T90/00, Galmer G92 and Penske PC23-94 in US open-wheel racing. By contrast, he went winless in the radical PC27…

Autosport

The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Why aren't politicians on both sides more worried than they seem to be?

Reason

Fifth-grader raises $7,300 to pay off his entire school’s lunch debt

The leftover funds were donated to local high school for its own lunch money deficit

The Independent UK

'Bond King' Bill Gross warns Trump would worsen deficits and be 'more disruptive' for the bond market than Biden

"Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things."

Fortune

Short measuring costs average UK drinker £115 a year, study finds

Trading standards officers find 70% of test purchases of beer and wine have less of the drink than they should

The Guardian - UK

How to end the wasteful boom-bust cycle driving NZ’s infrastructure gap: new report

Debates about infrastructure often turn around money – with good reason. It’s estimated New Zealand’s infrastructure deficit – the amount we would need to spend to modernise, upgrade and build what we need today – is more than NZ$100 billion.

The Conversation

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK

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The Guardian - US

Biden’s record on the economy is good but voters don’t feel it. Character, not policy, is key to victory

The economy is doing well – far better than under Trump – but Democrats must ask voters if they want a sociopathic infant with fascist tendencies

The Independent UK

Japan racks up trade deficit as imports balloon due to cheap yen

Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the cost of imports, offsetting a jump in exports

Top News

India's April Trade Deficit Grows Due To Lower Exports

Learn about India's widening trade deficit in April due to decreased exports and the impact of the pandemic on the economy.

Autosport

Evans feels “new ideas” are required after WRC Portugal struggles

The Toyota driver felt that “everything he touched went wrong” last weekend as he witnessed his six-point deficit to championship leader Hyundai’s Thierry Neuville balloon to 24 points.

The Guardian - AU

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

The Guardian - AU

Australia budget 2024: the six graphs you need to see

A surplus matters less than what choices the government makes in its budget – here’s what Jim Chalmers’ statement tells us

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