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The Latest Breaking News from Economy

Scotland 'standout performer' in UK economy, report finds

SCOTLAND was a “standout” performer among the UK nations and regions with its private sector economic growth ...

The National (Scotland)

Malaysia Raises Diesel Prices To Cut Subsidies And Smuggling

Malaysia raises diesel prices by over 50% to save billions annually, target aid, and build a sustainable economy.

Top News

OPINION - Election 2024: What the fashion industry needs from the incoming government

Predictably, the general election seems to have got stuck in men-shouting-at-each-other mode, rather than any concrete ideas on policy. The poor old fashion industry, so often overlooked in spite of its not insubstantial contributions — ie, the £28.9 billion it adds to the UK economy — could certainly do with some…

Evening Standard

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The warming ocean is leaving coastal economies in hot water

The Conversation

London social housing crisis costing UK economy nearly £8 billion, new research says ahead of election

‘Simple’ reform of setting rents over multiple years would help unblock new building, industry says

Evening Standard

Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

The Independent UK

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

Asian markets are mixed in muted trading after a jobs report released Friday was hotter then expected

The Independent UK

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Jasprit Bumrah becomes India's third-highest wicket-taker in T20Is

NEW DELHI: Indian pace spearhead Jasprit Bumrah has achieved a significant milestone, surpassing all-rounder Hardik Pandya to become the third-highest wicket-taker for India in T20I cricket. Bumrah's remarkable performance in India's narrow six-run victory over Pakistan at the ICC T20 World Cup propelled him up the rankings.

The Times of India

Japan's economy is shrinking, although slightly less than previously thought

The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year

The Independent UK

Asian Markets Fall As Strong US Jobs Data Dents Rate Cut Hopes

Asian markets mostly fell Monday as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro.

International Business Times

New night life boss 'crucial' to live music economy

The Queensland government's decision to appoint a night life economy commissioner has been welcomed as a boost for the future of the live music industry.

AAP

IMF officialdelivers stark warning on AI's potential to turn an ordinary downturn into a severe economic crisis

"I believe there is a real need to have parallel effort to make sure that we're also AI-proofing the global economy."

Fortune

Record Job Growth And Wage Increase In Latest Report

Updates on job growth, wage increases, and inflation concerns in the economy, with a focus on creating quality jobs and improving living standards.

Top News

Is the US economy doing well? It depends if you ask a Democrat or a Republican

Data shows that when Americans’ preferred party is in the White House, they’re more likely to boast of a booming economy – even if it’s untrue

The Guardian - US

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International Business Times

Tourism Buoys Southern Europe's 'Club Med' Nations

Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

The Guardian - UK

Putin’s daughters and anti-western hawks rule at this year’s ‘Russian Davos’

St Petersburg summit hails good news on the economy as children of elite step into spotlight

Newslaundry

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

AAP

Jobs market put to test in sluggish economy

Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.

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The Guardian - UK

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

Evening Standard

Mordaunt calls Sunak D-Day decision ‘completely wrong’ and clashes with Rayner on £2000 tax claim in fiery BBC election debate

Taxes, immigration and NHS dominate heated seven-way debate

The Independent UK

Mordaunt condemns Sunak as ‘wrong’ over D-Day as TV debate becomes ‘unedifying’ row

The seven-party television debate became a slanging match between Penny Mordaunt and Angela Rayner

Top News

Biden Administration Unveils New Fuel Economy Standards For Vehicles

Learn about the Biden administration's new fuel economy rules to promote electric vehicles and combat climate change.

The Independent UK

Real-world mileage standard for new vehicles rising to 38 mpg in 2031 under new Biden rule

New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by the Biden administration

Fortune

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Kiplinger

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

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