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The Latest Breaking News from Economy

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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 · May 21, 2024

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 · May 21, 2024

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 · May 21, 2024

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'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 · May 21, 2024

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 · May 21, 2024

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.

International Business Times · May 21, 2024

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

Evening Standard · May 21, 2024

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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.

Newcastle Herald · May 21, 2024

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.

Fortune · May 21, 2024

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…

Evening Standard · May 21, 2024

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.

Fortune · May 21, 2024

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.

Top News · May 21, 2024

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 Guardian - UK · May 21, 2024

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 Independent UK · May 21, 2024

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The Guardian - UK · May 20, 2024

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 · May 20, 2024

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,…

Fortune · May 20, 2024

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

Fortune · May 20, 2024

Fed governor highlights de-dollarization debate as concerns of global economy dropping the dollar grow: ‘The role of the U.S. economy in world finance is changing’

Russia sanctions, Chinese central bank policy are reopening long debate over the future of dollar dominance.

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Latin Times · May 20, 2024

As Trump proposes major crackdowns on immigration, study shows mass deportations could hurt the economy

Specialists do not believe it to be wise to carry mass deportation and other anti-immigration strategies

International Business Times · May 20, 2024

Dominican Republic's President Abinader Wins Resounding Re-election

Dominican Republic President Luis Abinader clinched a second term in office with a commanding election win, endorsing his handling of the economy and tough policies toward migration from Haiti, results showed Monday.

The Independent UK · May 20, 2024

Self-driving cars on roads ‘as soon as 2026’ as Bill becomes law

Transport Secretary Mark Harper said the deployment of the vehicles will be ‘a real boost to both safety and our economy’.

The Conversation · May 20, 2024

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

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