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The Latest Breaking News from Economy

The Bank of England must ignore Taylor Swift and cut interest rates now

City Voices: It’ll be a Cruel Summer if Andrew Bailey and the Bank of England don’t offer some relief on interest rates

Evening Standard

Can Pakistan’s allies help revive its economy through investment dollars?

Pakistani PM Shehbaz Sharif visited China, Saudi Arabia and the UAE recently to seek investments. Will it work?

Al Jazeera

Reserve bank leaves interest rate on hold at 4.35% with borrowers left waiting for relief

RBA keeps cash rate steady amid stubborn inflation and an economy that has all but stalled

The Guardian - AU

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

2 Cheap Stocks Under $30 to Buy in June With 43% to 76% Upside

Spending less and earning more is possible with these two small-cap stocks.

Barchart

Argentines Pawn Family Jewels To Make Ends Meet

In Argentina's strangled economy, one sector is thriving: the pawn shops buying up gold and other family treasures that many are forced to sell to pay their bills.

International Business Times

China's Property Sector Remains Lifeless And Factory Output Shows Dismal Performance

China's property market showed worrisome inactivity while factory output fell short of expectations.

International Business Times

'Big Short' Investor Steve Eisman, Who Predicted '08 Market Crash, Says To Hold On To Apple Stocks

Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.

International Business Times UK

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Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country.

The Conversation

China keeps lending rate unchanged as data show housing market is still struggling

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

The Independent UK

Will India’s Modi break the ice with Pakistan in his third term?

It’s unlikely, say analysts. India has little incentive to seek to improve ties with Pakistan at the moment.

Al Jazeera

A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?

A rural Florida county is hoping a new $300 million airport will transform its economy and create more than 1,400 new, high-skilled jobs

The Independent UK

The high cost of living is still biting the UK. Many don't think the election will change anything

Since calling a general election for July 4, British Prime Minister Rishi Sunak has been at pains to repeat a key message on the campaign trail: The economy is turning a corner

The Independent UK

The Economic Impact of Horse Racing Events in the UK

Horse racing is a significant part of British culture. It has deep historical roots and widespread popularity today due to its prestige and the betting that comes with it.

inkl

Labour’s green plans will create 650,000 jobs, says Rachel Reeves

Party begins week of campaigning on economy under pressure to say if it will raise taxes to pay for £7.3bn plans

The Guardian - UK

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news in one place.

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Fortune

The U.S. economy is the most dynamic it's ever been as AI and infrastructure overpower Fed rate hikes, 'Big Short' investor Steve Eisman says

"Definitely hold on to your Apple position," he said. "It's too central a figure in the whole story."

Top News

Yemen's Bank Rivalry Threatens Economy Amid Civil War

Yemen's financial crisis escalates as rival factions battle for control of banks, leading to currency devaluation and economic distress.

The Independent UK

Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

Yemen’s Houthi rebels and its internationally recognized government are locked in a fight for control of the country’s banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war

The National (Scotland)

Scotland's economy has outperformed rest of UK post-pandemic, expert says

SCOTLAND’S economy has been outperforming the rest of the UK in recent years with higher growth per head of population, the Institute for Fiscal…

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news in one place.

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The Conversation

Ghana’s economic crisis was caused by government borrowing - the central bank did the best it could: economist

Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of…

The Guardian - UK

Struggle to damp down inflation leaves Tories’ election hopes high and dry

An improving economy was supposed to boost Sunak’s campaign. But growth is flatlining, and there is little hope of an interest rate cut this week

International Business Times

Israel's 'Economic War' Chokes Occupied West Bank

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of Ramallah, the financial hub of the occupied West Bank.

The Guardian - AU

Disastrous, dark shadow, destroys our economy: five climate elders on Peter Dutton’s emissions stance

From Peter Garrett to Lesley Hughes there is frustration, despair and ‘a towering sense of anger’ over the opposition leader’s shift on the 2030 target

The Canberra Times

This month's ACT budget needs to deal with a thorny problem

The ACT budget will be handed down on June 25.

Fortune

This ‘ugly Goldilocks’ scenario could put both stocks and bonds in danger this year, investment chief warns

“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond investors’ expectations of cuts,” Unlimited Funds' Bob Elliott told Fortune.

Evening Standard

Keir Starmer says UK will 'not go back to austerity' under Labour in BBC interview

Labour leader pledges cash injection into hospitals and schools

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