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The Latest Breaking News from Economy

Why Biden’s Chinese EV Tariffs May Succeed Where Trump’s Failed, For Now

The new tariffs could be great for the U.S. auto industry. The risk is automakers will use them as an excuse to slow-walk their EV plans.

InsideEVs

34% of Brits Say UK Economy Is Huge Concern: Household Budgets Leaner and Food Scarcity Rising

Polling shows Britons place the economy at the top of the list of priorities and the UK government will need to address the public's concerns.

International Business Times UK

Xi, Putin Hail Ties As 'Stabilizing' Force In Chaotic World

Leaders Xi Jinping and Vladimir Putin framed their nations' ties as a stabilizing force in a chaotic world as they met Thursday in Beijing, where the Russian president is seeking greater Chinese support for his war effort in Ukraine and isolated economy.

International Business Times

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China-Russia trade ties evolve amid Ukraine war, US sanctions

Vladimir Putin hails 80 joint investment projects on his state visit to Beijing, as Xi Jinping walks a fine line between maintaining trade with Russia and avoiding harsh Western sanctions. US inflation cools after months of unexpectedly high readings, and Japan's economy shrinks in the first quarter.

France 24

Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – as it happened

Strong quarterly results and hope of interest rate cuts drive DJIA to new alltime high

The Guardian - UK

Hydrogen, solar and batteries – did the 2024 federal budget deliver on clean economy investment?

Labor’s Future Made in Australia policy has enough money to move the needle. What matters is implementation – and readiness to adjust course if needed

The Guardian - AU

Japan's Economy Slows, Impacting BOJ Rate Hike Plans

Japan's economic downturn raises concerns over Bank of Japan's interest rate plans and growth prospects.

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Argentine Economy Chief Applauds Fourth Consecutive Fiscal Surplus

Argentina's fourth-straight month of fiscal surplus showcases economic resilience and stability, signaling progress towards sustained growth.

Top News

Taylor Swift Tour Hands UK Economy GBP1 Bn Boost: Study

Taylor Swift's worldwide Eras Tour will boost the UK economy by almost GBP1 billion ($1.3 billion) as fans splash the cash to see the US music star, Barclays bank estimated Wednesday.

International Business Times

Japan Economy Suffers Worse-than-expected Contraction Of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.

International Business Times

Who benefits from US tariffs on Chinese imports? Experts weigh in

While tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.

Al Jazeera

Federal budget sets clear direction for Hunter's industrial diversification

Budget offers a solid foundation for the region's energy innovators

Newcastle Herald

India's April Trade Deficit Grows Due To Lower Exports

Learn about India's widening trade deficit in April due to decreased exports and the impact of the pandemic on the economy.

Top News

US Retail Sales Remain Flat In April

Recent data shows stagnant retail sales in the US, raising concerns about the economy and consumer spending habits.

Top News

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The Hindu

Southwest monsoon to reach Kerala around May 31

Southwest monsoon arrival in Kerala crucial for India's economy, expected around May 31 with above-normal rainfall forecasted.

AAP

Pressure coming off RBA as jobs market loses some heat

The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.

The Guardian - UK

Rachel Reeves should be brave and stop blaming the economy

Letters: There are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economics

International Business Times

Putin Heads To Beijing Seeking Greater Support For War Effort

Russian President Vladimir Putin arrives in China on Thursday to meet his "dear friend" Xi Jinping as he seeks to win greater support from Beijing for his war effort in Ukraine and his isolated economy.

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StockNews.com

Breaking Down Non-U.S. E-Commerce Giants: PDD vs. JD

Despite the weakening real estate sector and other macro challenges, the Chinese economy has demonstrated remarkable resilience, as highlighted by GDP growth of 5.3% in the first quarter, beating market expectations. Amid this, let’s analyze PDD Holdings (PDD) and JD.com (JD) to determine which is the better non-U.S. stock pick.…

The Hindu

T.N. government highlights schemes launched by CM, says they have improved livelihoods of people

Tamil Nadu government's schemes under CM M. K. Stalin boost economy, improve livelihoods, and focus on education and infrastructure.

Evening Standard

Calling all UK pension funds - your country needs you!

Jeremy Hunt must do more this week at Dorneywood to stop the hugely damaging flight from UK equities

International Business Times

EU Cuts Inflation Forecast For 2024 Despite Uncertainty

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

The Guardian - UK

Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

International Business Times

Wholesale Prices Increase Ahead Of Projections As Inflation Fight Rages

The Federal Reserve's multi-year battle with inflation continues to grind on the U.S. economy after Tuesday's data revealed a higher-than-expected increase in the Producer Price Index.

Barchart

US Economy: Is Consumerism Being Curbed?

A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.

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