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The Latest Breaking News from Economy

Where the inflation and national debt figures leave Sunak’s five priorities

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

The Independent UK

UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

The Independent UK

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 Guardian - US

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Inflation, election lies and racial tension weigh on voters in Georgia swing county: ‘We all got to eat’

In Peach county, where Trump narrowly won in 2020, voters say they’re struggling with rising prices ahead of the presidential election

The Guardian - US

Do you know how the US economy is actually doing? Try our interactive quiz

Exclusive Harris poll for the Guardian shows the majority of Americans think the country’s in recession – but it isn’t. Test your own knowledge here

The Guardian - US

Majority of Americans wrongly believe US is in recession – and most blame Biden

Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid

The Guardian - US

Jamie Dimon shocks Wall Street, hinting at his retirement in the next five years and reciting a laundry list of red flags about the global economy

Dimon says he’s “cautiously pessimistic” about the future of inflation, spending, and the geopolitical landscape.

Fortune

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The Scottish Government can't grow the economy within this Westminster system

This week, I address the lack of economic levers available to the Scottish Government as it seeks economic growth.

The National (Scotland)

We don't need 'homeless pods' – we need real systemic change

We aren’t getting to the roots of the problems and we get long-term damage to societal wellbeing in the process ...

The National (Scotland)

Current and future chancellor face tough choices after IMF report on UK economy

Body says £30bn fiscal gap cannot be filled by higher growth or extra borrowing. So how will No 11 ease pressure on public finances?

The Guardian - UK

ConocoPhillips (COP) vs. EOG Resources (EOG): Which Stock Offers Better Energy Sector Value?

The energy sector’s growth will be driven by ongoing geopolitical tensions, a recovering Chinese economy, and expectations of the extension of supply cuts by OPEC and its allies. Given this backdrop, let’s analyze the fundamentals of energy stocks ConocoPhillips (COP) and EOG Resources (EOG) to determine which of these two…

StockNews.com

OPINION - An improving economy won't save the Tories

It doesn't seem fair. When the economy is tanking, the government gets the blame. When it recovers, voters tend to give short shrift. Just ask John Major, who couldn't even convince one in three Britons to support the Conservatives in 1997 despite overseeing 22 consecutive quarters of GDP growth and…

Evening Standard

'India on cusp of long-awaited economic take-off': RBI bulletin

India is poised for a long-awaited economic take-off, driven by rising aggregate demand and increased non-food spending in the rural economy, according to the Reserve Bank of India's May Bulletin released on Tuesday.

The Times of India

Why do small businesses distrust technology?

Tech adoption among the UK’s smallest businesses could add £77 billion to the UK economy and generate 885,000 jobs

TechRadar

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International Business Times

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

Evening Standard

Homeowners given hope of THREE interest rate cuts this year by a new report by leading economists

The IMF raised the prospect of summer cuts to interest rates by the Bank of England, and of a fall from 5.25 per cent to 4.5 per cent in 2024

Newcastle Herald

Vital volunteers give decades to keep Lambton heritage alive

Not to put too fine a point on it, but volunteers are absolutely critical to the state's economy.

Fortune

Ryanair boss Michael O'Leary getting 'recessionary feel' from Europe customers

The Ryanair CEO worries that consumer confidence might be lagging ahead of the crucial summer season, and he may have a point.

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Evening Standard

OPINION - The Standard View: Fixing the NHS will be top of voters' list of priorities

If falling living standards and a spluttering economy were the only objections the public had with the Conservative Party, Rishi Sunak might not be 20 points behind in the polls. But anyone who has tried to secure a GP appointment recently knows that public services, and in particular the National…

Fortune

Apple slashes iPhone prices in China for the second time this year as local competition pressures its sales

Analysts say the out-of-character price cut is a "strategic move" to help Apple shore up its position in the world's second-largest economy.

Top News

Japan Monitoring Weak Yen And Bond Market Closely

Japan's Finance Minister is closely monitoring the weakening yen and bond market for potential impacts on the economy.

The Guardian - UK

UK economy heading for ‘soft landing’ says IMF, in warning against tax cuts – as it happened

The IMF has delivered its verdict on the UK economy, and signalling its opposition to pre-election tax cuts from Jeremy Hunt

The Independent UK

Thousands of jobs at risk if UK fails to act now on North Sea energy transition

The decline in North oil and gas industry needs to be offset by greater investment in renewables to save jobs, report says

The Guardian - UK

Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

France 24

Could Iranian president's death impact the country's economy?

Global markets appear unfazed after Iran's President Ebrahim Raisi was killed in a helicopter crash. Any political instability could deal a blow to Iran's economy, which is already struggling with US sanctions, soaring inflation and high unemployment, but many analysts believe the impact of the tragedy will be limited. Plus,…

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