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The Latest Breaking News from Economy

People are finally waking up to the truth about our economy

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The National (Scotland)

North East business leader urges Chancellor to 'kickstart' region's economy

Chamber of Commerce chief executive John McCabe was meeting Chancellor Jeremy Hunt alongside other business leaders

Birmingham Post

OPINION - West End Final: The economic indicator that says we’re headed for recession

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

3 China Stocks Showing Great Value

With the easing of restrictions, China’s economy is expected to witness significant growth this year. Therefore, investors could consider buying China stocks FinVolution (FINV), LexinFintech Holdings (LX), and Tarena International (TEDU), which are currently trading at a discount. Keep reading.

StockNews.com

America needs a new vision for road travel

Road travel is often the only option for millions of Americans, writes MGM Resorts CEO Bill Hornbuckle.

Fortune

Rishi Sunak faces grilling by MPs on 5 pledges – can PM boast of progress?

PM will be questioned by committee six months on from big promises on economy, NHS and small boats

The Independent UK

Retailers beware: Resumption of student loan payments could lead some buyers to pull back

The reprieve is over

The Independent UK

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Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

WEKU

Rishi Sunak's five pledges six months on - from NHS waits to small boats crisis

Rishi Sunak is scrambling to turn around the Tories' fortunes but time is running out for him to deliver on his 'five priorities' for Government ahead of the next general election - see how he's fared

Daily Mirror

Riots leave France with ‘250 million euro bill’ as economy counts cost of unrest

Tourism sector professionals have joined politicians in warning that the clean-up would cost multi-millions

Evening Standard

Afternoon Update: RBA warns of more rate hikes; dogs rescued from ‘horrific conditions’; and Australia records 7th-warmest June

Cash rate pauses at 4.1% but governor says further rate rises are possible depending on the economy and inflation

The Guardian - AU

Mortgage crisis shows once again that the Tories are not fit to run the country

Amid spiralling mortgage costs, a tanked economy and rising food and energy costs, Record View urges Scots to give the Tories the boot at the next election.

Daily Record

Better care for locals and the ocean to make Indonesia's blue economy more viable

The world depends on the ocean to meet increasing demands for food, income, energy and minerals and transportation. However, marine ecosystems face serious challenges from over-exploitation, extraction, pollution, loss of biodiversity and climate change.

The Conversation

Are Stock Fireworks OVER After July 4th?

The S&P 500 (SPY) has soared through the first half of the year. Even more impressive are the tech stocks in the Nasaq having a stellar first act on the year. But that is then...and this is now. That is why investment veteran, Steve Reitmesiter, shares his latest views on…

StockNews.com

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Fortune

American manufacturing just slumped to its lowest level in 3 years. Jefferies says the sector is 'still mired in recession'

The ISM Manufacturing Purchasing Managers’ Index fell to 46 last month from 47.1 in May, its lowest point since May 2020.

Fortune

Americans say the death of student debt forgiveness plan is a blow to the middle class

"Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."

The Independent UK

What's 'Bidenomics'? The president hopes a dubious nation embraces his ideas condensed into the term

President Joe Biden has long struggled to neatly summarize his sprawling economic vision

The Independent UK

Scottish minister calls on UK Government to scrap ‘abhorrent’ strike Bill

Wellbeing Economy minister Neil Gray hit out at the Bill which would give ministers the power to impose minimum service levels during strikes.

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Axios

A mid-year assessment for the U.S. economy

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

StockNews.com

3 China Stocks to Buy Before They Rebound

With the lifting of mobility restrictions and a surge in spending on services, the Chinese economy is rebounding. Therefore, this could be the right time to scoop up shares of fundamentally strong China stocks Yum China (YUMC), Vipshop (VIPS), and Hello Group (MOMO). Read on.

Birmingham Post

County Durham tourism economy tops £1bn for first time, new figures show

The county is part of a scheme to grow the North East's tourism sector, in the hope of creating hundreds of new jobs

Fortune

'The global economy is due for a reality check,' warns the central banks‘ bank

The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.

Tribune News Service

Conor Sen: Squeezed homebuyers are just what the economy needed

The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.

Daily Mirror

Tory wrecking ball Liz Truss to launch worldwide task force on the economy

The flash-in-a-pan former PM will head a new Growth Commission, made of economists from around the globe, in a bid to address a "stagnation loop" facing the West

The Guardian - UK

Weaker competition blamed for higher petrol and diesel prices; MPs blast ‘measly’ savings rates – as it happened

Government pledges to expose ‘rip-off’ fuel retailers, after inquiry finds declining competition between retailers led to higher prices at the pumps

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