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The Latest Breaking News from Economy

Ending DACA could shrink the U.S. economy by hundreds of billions of dollars, new study suggests

DACA turned 12, but it remains on life support as it prepares to face legal battles. Ending it, however, could be even more detrimental to the economy.

Latin Times

Stock market today: Asian stocks are mixed after Wall Street edges to more records

Asian stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession

The Independent UK

Australian opposition puts nation's first nuclear power plants in its energy plan ahead of elections

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

The Independent UK

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France's soaring debt could lead to calls to leave the EU, a top bank warns

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European Union.

Fortune

Vietnam’s economy went through a ‘perfect storm’ last year, but the CEO of one of its largest banks still expects a bumper economy

The Vietnamese have “all the right to think it’ll be better,” says Jens Lottner, CEO of Techcombank, No. 114 on the Fortune Southeast Asia 500.

Fortune

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

AAP

Princess Beatrice Flew Economy and Carried Her Own Luggage En Route to Speaking on a Panel About AI at Cannes Lions

A relatable, low-maintenance princess? We love it.

Marie Claire

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G7 overcomes internal wrangling and ‘irrelevance’ barbs to strike US$50 billion deal to support Ukraine

In the 26 months since Russia invaded Ukraine in February 2022, the west has been riven with disagreement about how much – and what – support it will provide for Volodymyr Zelensky’s government. There are two main reasons for this. One is Russia’s deep integration in the global economy, particularly…

The Conversation

Cities: Skylines 2 warns players about an oncoming 'death wave' that'll kill your elderly, 'The older your citizens are, the more severe it will be'

Is that the Grim Reaper?

PC Gamer

New Government must reverse the shocking decline in recycling rates

The UK ranks 25th out of 30 European nations for paper and cardboard recycling

Evening Standard

Ex-Trump adviser urges him to cut ties with China if he makes it back to the White House

Robert O’Brien made his case for strengthening militaries in other countries, testing new nuclear weapons, and decoupling from China’s economy

The Independent UK

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity measured as GDP per hour worked in the UK only rose 4% between 2015 and 2022. The average…

The Conversation

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

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The Guardian - AU

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

Barchart

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.

International Business Times

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.

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International Business Times UK

'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.

The Conversation

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 Independent UK

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

Al Jazeera

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.

The Independent UK

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

inkl

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.

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