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The Latest Breaking News from Economy

‘Sticky’ inflation is not falling – but it’s not rising, either. Why should that mean another RBA rate hike?

It’s worth remembering the RBA’s 2% to 3% inflation target is an arbitrary goal. Do we really need to hit households again with higher rates?

The Guardian - AU

Germany's aging population is dragging on its economy—all of Europe will soon be affected, and it's only going to get worse

Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.

Fortune

TfL's Friday off-peak Tube and bus fares trial ends this week

The three-month trial was aimed at bolstering London’s economy by encouraging Londoners back into offices and onto public transport on Friday

Evening Standard

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‘Bidenomics’ is not convincing Michigan’s must-win swing county. Will voters turn back to Trump?

Democrats try to connect the dots as some in Saginaw wonder if Trump is ‘just a better fit with the economy’

The Guardian - US

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

The Independent UK

South Africa's election turns into referendum on ANC's economic legacy

As South Africans vote in the country's general election this Wednesday, we focus on the state of the economy after three decades under the rule of the African National Congress. In this edition, we see how the country's crumbling energy infrastructure has hampered economic activity and explore the reasons behind…

France 24

The future is a state of mind: What it takes to build a future-ready company

The best and most future-ready CEOs and leaders know how to balance prudence and patience with ambition and experimentation.

Fortune

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IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

The Independent UK

Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street

Shares have fallen across Asia after a mixed session on Wall Street

The Independent UK

Consumer Confidence Improves In May Due To Job Market

Consumer confidence in the US economy improves in May driven by positive job market outlook despite inflation concerns.

Top News

'Two Mexicos' Prepare To Vote Amid Economic Divide

One runs an aerospace parts maker, the other works in a restaurant near a major new oil refinery -- both women will vote in Mexican elections this weekend, but they could be from different countries.

International Business Times

South Africa heads to polls as unemployment and inequality grip the nation

When South Africa's ANC, founded by Nelson Mandela, swept to power in 1994, it promised "a better life for all". But today, South Africa is worse off than it was 30 years ago and the ruling party could lose its parliamentary majority in Wednesday's election, with voters frustrated with soaring…

France 24

Biden official says more sanctions are needed to counter Russia war economy

Daleep Singh said that sanctioning third parties that trade with Russia is needed, in addition to seizing assets for Ukraine

The Guardian - UK

Is the Bottom Near in Crude Oil?

Nearby crude oil prices are hovering around the crucial $80 per barrel level. Despite a bearish trend since the mid-April high, the energy commodity that fuels the global economy has traded in a sideways pattern throughout May. This consolidation phase could mark a significant bottom for crude oil.

Barchart

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Latin Times

Only one in five Latinos think the economy is doing well, the lowest of any U.S. group

The figure is comprised by one in four Democrats and a little over 10% of Republicans from this demographic, according to a report by the Pew Research Center

Fortune

Jamie Dimon is right. The number of U.S. public companies is plummeting—and that’s bad news for the democratic component of the economy

Without taking the right measures to allow companies to grow and prosper in the public markets, America could lose its edge.

International Business Times

Shanghai Lifts Home-buying Curbs To Boost Property Sector

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy.

The Conversation

Swiftonomics: what we can learn from Singapore multiplying millions from Taylor Swift’s Eras tour

When Taylor Swift picks a country to “Shake It Off”, it might help the nation’s economy to shake off the impacts of the global economic slowdown.

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The Conversation

Future Made in Australia will boost sustainable growth and create jobs as far as it goes, but it doesn’t go far enough

The shift towards net zero emissions and greater international competition have created new opportunities for clean energy industries – poised to shape the global economy in the coming decades.

The Independent UK

Labour accuses Sunak of taking election cash from ‘Liz Truss fanboy’ who backed her mini budget

Exclusive: Labour has hit out at the Tories’ first major election donor for previously supporting Liz Truss’s disastrous mini budget

International Business Times UK

JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Space

US economy to benefit from NASA investment in 3D-printable superalloy

"Adoption of this alloy will lead to more sustainable aviation and space exploration."

Top News

BOJ Proceeds Cautiously With Inflation Targeting Frameworks

Bank of Japan proceeds cautiously with inflation targeting frameworks to stabilize and stimulate the economy.

Newslaundry

‘I am seething with anger’: A decade of stagnation in rural wages

Vir Singh, who is about 55 years old, was born in the agricultural village of Nunera in Haryana’s Gurugram district, where he has lived and worked as a daily wage worker all his life.

Radio France Internationale

Comoros President sworn in for fourth term after disputed poll

Comoros President Azali Assoumani has pledged to work for peace and rapidly grow the economy as he was sworn in for his fourth term in office, following a tense January election which his opponents claim was tainted by voter fraud.

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