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The Latest Breaking News from Economy

Bank of England risks recession with interest rate rises, Mervyn King says

Warning from ex-governor adds to concerns about economy with Bank tipped to raise rate above 5%

The Guardian - UK

The economy is so unpredictable even Elon Musk is stumped

Musk says he still expects to deliver 1.8 million Tesla vehicles to customers this year, despite the persistent macro uncertainty.

Fortune

I thought the government’s plan to protect Britain from extreme heat would be bad. It’s worse than that

Politicians seem to have no idea of the action required if we want to keep a functioning society and economy, says academic Bill McGuire

The Guardian - UK

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OPINION - We must free London from its growth-killing local councils

Britain, it’s painfully obvious, is getting poorer. Growth is failing. Incomes are stagnant. And with that lives, opportunities and ambitions. But what few people realise is that growth is failing right here in London. The city is falling behind its rivals with lagging productivity. This isn’t just the Brexit-hit to…

Evening Standard

Starfield's economy is already in shambles—a spaceworthy ship can go for as little as 25 sandwiches, 48 steaks, or ten plates of bugs

Maybe the sandwich pirate was onto something, after all.

PC Gamer

Tesla CEO Musk Uncertain About Global Economy As Interest Rates Threaten Car Affordability.

Tesla warns of possible further price cuts on vehicles amid rising interest rates.

Zenger

Biden pushes a strong role for unions in tech jobs, even as potential strikes are on the horizon

President Joe Biden is courting unions as a cornerstone of the United States' economic future with a speech at a Philadelphia shipyard

The Independent UK

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Western countries are making sensible bet on India, ‘a rising great power’, says Martin Wolf

India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to noted economics commentator Martin Wolf who has also highlighted that Western leaders are making a sensible bet on the country.

The Hindu

Stage fright as new listings plummet to crisis-era lows

The slowest period of new ASX listings in more than a decade has been blamed on high interest rates, pessimism about the global economy and pandemic strains.

AAP

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates

The Guardian - AU

Biden gets little credit on economy as he touts ‘Bidenomics’

President Joe Biden’s rebranding of his economic policies has largely failed to convince the public that key aspects of the economy are significantly improving, according to a poll released Wednesday by the Monmouth University Polling Institute.

Tribune News Service

NASA Prepares To Launch Mission To $10,000 Quadrillion Asteroid

Scientists gear up to study metal-rich space rock that could hold more value than the global economy.

Zenger

Joe Biden to announce actions to increase competition in the US economy

US President Joe Biden will announce new actions by his administration to strengthen economic competition in a meeting with his Competition Council on 19 July.

The Independent UK

Heading west and online: China's consumer explosion

China's growth may be slowing, but its economy is still forecast to expand by $US1.1 trillion a year. NZ companies want in. Nikki Mandow reports.

Newsroom.co.nz

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The Independent UK

Baggage allowance guide: Luggage limits for British Airways, Ryanair, easyJet and more in 2025

Wondering how much you can cram into your hand luggage on your next trip? Here’s what the world's major airlines allow

Fortune

Americans still haven’t run out of pandemic savings quite yet, JPMorgan study finds

The biggest question facing economists is when will consumers burn through their COVID-era piggy bank.

The Independent UK

Mapped: How does UK’s inflation compare with the rest of Europe?

Rising prices slow to 7.9 per cent in June. But how does this compare with our neighbours across the Channel?

The Independent UK

Keir Starmer accused of sending a ‘shiver along his frontbench’ over two child benefit cap

Attack in Commons comes as SNP produces ‘made in China’ mugs mocking Labour policy

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news in one place.

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Al Jazeera

‘Exceptionally high’ economic risks in Pakistan, IMF report says

Lender says a week after approving $3bn bailout package for Pakistan that ‘significant shocks’ have rocked its economy.

The Guardian - UK

Rachel Reeves: Labour may be unable to scrap bedroom tax and child benefit cap

Shadow chancellor says ‘dire economic inheritance’ would prevent party from reversing Tory welfare policies

Zenger

Cryptocurrencies Decline As Positive Economic Data Boosts US Economy

Bitcoin, Ethereum, and Dogecoin experience losses following release of strong US retail sales report

The Independent UK

Biden's White House is taking on corporate mergers, landlord junk fees and food prices

The Biden administration is proposing new guidelines for corporate mergers, taking steps to disclose the junk fees charged by landlords and launching a crackdown on price-gouging in the food industry

The Guardian - UK

Sunak refuses to rule out cabinet reshuffle on Friday amid Tory fears over byelection defeats – as it happened

Prime minister refuses to answer question on possible reshuffle

The Independent UK

Rachel Reeves tells Labour child benefit rebels: We won’t back down

‘Sad truth’ is Labour can’t afford to reverse lots of Tory policies, says shadow chancellor

The Independent UK

Stock market today: Asian shares track Wall Street rally despite mixed signals on regional economies

Asian shares are mostly higher after a rally on Wall Street fueled by the frenzy around artificial intelligence

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