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The Latest Breaking News from Economy

‘It won’t take as long as people think’: Rachel Reeves on being ‘scrappy’ – and changing Britain

Labour’s shadow chancellor outlines her plans to grow the UK economy after years of Tory ‘gimmicks’ and says she’s prepared for tough decisions

The Guardian - UK

'Lettuce leaf' between Tory and Labour fiscal plans, former BoE chief economist warns

LABOUR have been urged to heed a former chief economist of the Bank of England who warned that there was only a “lettuce leaf” between their…

The National (Scotland)

The Observer view on Labour’s economic strategy: EU is the key to growth

With polling revealing 56% think Brexit has had a bad effect on the economy, Keir Starmer has wriggle room for renegotiation

The Guardian - UK

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Starmer’s growth plan ‘doomed’ without access to EU markets, warn economists

Labour leader told if elected he will have to rejoin the customs union to meet party’s manifesto pledges, while 56% of voters say Brexit was bad for economy

The Guardian - UK

Trump Praises Stefanik, Emerges As His Potential VP Pick

The former president praised Stefanik for her efforts in supporting the military and veterans, boosting the economy and reducing inflation.

International Business Times

Tourist bucks weigh in with record economy boost

Travel and tourism will contribute more to Australia's economy in 2024 than any year on record, according to international forecasts.

AAP

Malaysia’s China-friendly stance is a bid to get its biggest trading partner to help keep the economy stable

China and Malaysia agreed to a dozen new deals during China Premier Li Qiang’s trip to the Southeast Asian country earlier this week.

Fortune

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Kentucky Bourbon Trail Expands, Boosting Tourism And Economy

Explore the evolution of the Kentucky Bourbon Trail, now with 46 distilleries attracting global visitors.

Top News

Whoever wins the French elections must beware of the markets

France’s economy minister name-checked Liz Truss as he sought to warn voters of the risks of voting for RN

The Guardian - UK

Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab

Debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946 at the end of the Second World War.

Fortune

UK general election 2024: What are the key issues shaping the vote?

Candidates promise to fix Britain’s domestic woes as the top two parties look set to lose votes over Gaza positions.

Al Jazeera

Conservatives announce crackdown on councils restricting pub, club and music venue openings

The Tories plan to launch a comprehensive review of licensing laws, planning rules and other ‘red tape’

Evening Standard

Retail sales surge past expectations in latest signs of UK economic turnaround

The clearest signs yet that the UK’s economy has turned a corner emerged today as a flurry of fresh data pointed to robust consumer demand and renewed optimism over growth prospects.

Evening Standard

Stock market today: Asian shares mostly decline as Nvidia weighs on Wall Street

Asian shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower

The Independent UK

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The Guardian - AU

‘It felt like bad news after bad news’: why record numbers are leaving New Zealand

Many young people are lured by hopes of better opportunities in Australia as experts worry a soft economy means departing Kiwis may not come back

The Guardian - UK

I was a Tory minister – but I think we need a Labour government

Rishi Sunak’s decision to side with climate deniers isn’t just wrongheaded; it’s costing our environment and our economy, says former energy minister Chris Skidmore

Top News

US Unemployment Claims Fall, Economy Remains Resilient

Latest data from the Labor Department shows resilience in the U.S. labor market with a slight decrease in jobless claims and ongoing job security.

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The Guardian - UK

The economy: how 14 years of Tory rule have changed Britain – in charts

The effects of austerity, Covid, war and the cost of living crisis are still haunting government and domestic finances

Latin Times

Biden overtakes Trump in Fox News poll amid increased economic optimism

The incumbent leads the former president 50%-48% in a two-way race and 43%-42% in a five-way race

The Guardian - AU

Russia-Ukraine war: Mark Rutte set to be next Nato head after rival withdraws – as it happened

Dutch politician has long been considered to be frontrunner for role

Latin Times

Immigrants help sustain job growth as inflation cools, economists say

Goldman Sachs told that to their clients in a note.

International Business Times UK

PM Modi Wants India To Be A Developed Country By 2047; Analysts Reveal 4 Things He Should Focus On To Be Successful

India's new coalition government aims to boost infrastructure and manufacturing, combat unemployment, and attract foreign investments amidst economic challenges.

Bored Panda

The “Fluent In Finance” Online Group Shared These 40 Funny Posts Summing Up Our Financial Status

If you want to find out what people think of the economy and how they're navigating its challenges, the subreddit r/FluentInFinance is the place to jump into. This vibrant community is a hub for insightful discussions, advice, and, most importantly, memes. The post The “Fluent In Finance” Online Group Shared…

International Business Times

Germany's Coalition In Impasse Over 2025 Budget

Chancellor Olaf Scholz's Social Democrats (SPD), the Greens and the liberal FDP, who came to power in 2021, have until July 3, the end of the current parliamentary term, to reach a compromise.

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