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The Latest Breaking News from Economy

Sunak set to preside over biggest tax-raising parliament on record, say experts

By the time of the next general election, taxes will likely have risen to around 37% of national income, according to analysis by the IFS.

The Independent UK

Immigration worries hit six-year high as pensioners and Tories express concern

The economy remains the number one issue in the UK, but worries about inflation appear to have eased.

The Independent UK

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the bank’s governor, received imploring letters from premiers spanning both the country and the political spectrum.

The Conversation

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read the most diverse news in one place.

Federal childcare funding is about to expire–and it could be terrible for the U.S. economy

The loss in taxes and revenue from closed programs could cost states $10.6 billion in economic activity–and cost families $9 billion in lost earnings.

Fortune

Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now

Based on a study of the U.S. economy since 1854, Deutsche Bank created “hit ratios” that show how often key macroeconomic triggers have caused recessions.

Fortune

Punished Ewing will ‘consider’ rejoining SNP group at Holyrood after suspension

SNP MSPs voted to suspend the former rural economy secretary for seven days.

The Independent UK

US government estimates last quarter's economic growth was 2.1%, unchanged from previous estimate

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

The Independent UK

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The Reserve Bank shouldn’t be spooked by Australia’s imported inflation

If you look at what’s increased most in price over the past year, such as petrol, there is little that higher interest rates would change

The Guardian - AU

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

Zenger

The economist who’s been predicting a recession for 18 months says the ‘litmus test’ is finally here, especially with oil headed toward $100 a barrel

David Rosenberg said the current situation with the economy is like trying to cancel winter just because it didn’t snow in December. “It hasn’t materialized, dot dot dot, yet.”

Fortune

Gabor Maté claims trauma contributes to everything: from cancer to ADHD. But what does the evidence say?

Our health consumes a growing share of our economy and our attention, but we are not in great shape. Even as a ruinous pandemic subsides, epidemics of chronic disease, obesity, addiction and mental illness continue. Systems of care strain to cope and many of us engage in an anxious and…

The Conversation

I have seen Ukraine’s future–a phoenix nation destined to prosper

'Ukraine will not be a basket case trapped in a forever war. Instead, it will be the world’s breadbasket, a beacon of culture, and a leader in technology.'

Fortune

What is nanocellulose?

"Demand for nanocellulose is growing worldwide"

Salon

Anthony Albanese to accelerate transition to low emissions after voice referendum

Exclusive: PM says ‘right decisions’ are needed to ensure Australia emerges a winner in the global race to renewable energy

The Guardian - AU

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The Conversation

Somali piracy, once an unsolvable security threat, has almost completely stopped. Here's why

In 2011, pirates carried out 212 attacks in a vast area spanning Somali waters, the Indian Ocean, the Red Sea and the Gulf of Aden, actions that the World Bank said cost the world economy US$18 billion a year.

Fortune

The U.S. economy has always shrugged off government shutdowns–but that might stop being the case if they become the new normal

Past government shutdowns barely made a dent in the U.S. economy–but real risk arises if hardball negotiating tactics become routine in Congress.

The Conversation

Why central banks should stop raising interest rates

Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of England’s 14-month campaign of base rate hikes.

Fortune

How Detroit and JPMorgan Chase teamed up to tackle the city's economic woes

Detroit's unemployment, housing, and economy are trending in the right direction, and JPMorgan Chase has been a big part of the turnaround.

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news in one place.

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Zenger

Bangladesh Joins Digital Cooperation Organization To Boost Digital Economy

Bangladesh becomes a member state, strengthening initiatives for digital empowerment and inclusive growth.

AAP

Cloud-based micro businesses floated for future economy

Artificial intelligence in health, education or agriculture could fix many social challenges and is within reach for even the smallest firms, a report shows.

Zenger

Disney Stock Continues Downtrend Amid Legal Battles And Market Concerns

Walt Disney Co (NYSE: DIS) falls 32% since Feb. 9 as legal battles and economic worries persist

Barchart

Stocks Tumble as Confidence in the U.S. Economic Outlook Wanes

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. Stocks on Tuesday sold off, with the S&P...

The Conversation

New study shows we can create value from food waste by turning it into a highly desirable material – nanocellulose

Food waste is a global problem with approximately 1.3 billion tonnes of food wasted each year throughout the food lifecycle – from the farm to food manufacturers and households.

Fortune

Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

Hong, now chief economist for a Shanghai-based hedge fund, thinks China would be lucky if the real estate sector halves in size.

The Guardian - UK

UK economy ‘will shrink for two years as eurozone and US grow’

Thinktank chief and former Bank MPC member gloomy about stubborn inflation and labour shortages

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