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The Latest Breaking News from Economy

Scottish deposit return scheme delayed to October 2025 ‘at the earliest’

Scottish circular economy minister Lorna Slater blamed the UK Government.

The Independent UK

The news from a Mozambique landfill site – Mário Macilau’s best photograph

‘The men who roam this dump play an important role in the economy, but they are marginalised. I was warned they were “uncivilised”, that they would steal my camera, attack me, even kill me’

The Guardian - UK

Erdogan’s Wall Street Guy Is Back to Replenish Wiped-Out Coffers

Investors soured on Turkey’s contrarian economic policies. New Finance Minister Mehmet Simsek might just be able to bring enough of them back.

Businessweek

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Treasurer signs off on cheques with reforms to the way we pay

Jim Chalmers has announced changes are on the way for Australia's payments system, with cheques and direct debits among the most major.

The New Daily

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

The New Daily

Deputy PM in bizarre King's coronation rant after SNP economy question

THE SNP’s Mhairi Black was left bemused at Prime Minister’s Questions after her question on the economy was answered by a rant about the…

The National (Scotland)

China’s exports tumble further as global demand falters

Analysts downgrade expectations for the economy for remainder of 2023 as factory output continues to slow.

Al Jazeera

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Rishi Sunak goes to Washington with Ukraine, economy and AI on agenda for Biden meeting

The war in Ukraine is top of British Prime Minister Rishi Sunak’s agenda as he starts a two-day trip to Washington

The Independent UK

Edmunds compares the 2023 Honda HR-V and Toyota Corolla Cross

As car shoppers continue to flock from economy cars to small SUVs, sales are booming for this budget-conscious sport-utility segment

The Independent UK

Why has Saudi Arabia become big player in world sport and what does future hold?

The country sees sport as vital to diversifying its economy and encouraging activity among its citizens.

The Independent UK

Exclusive: CEOs increasingly foresee a "soft landing" for the economy

Companies are expanding their spending plans — that’s not recessionary.

Axios

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Conversation

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

The National (Scotland)

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The Independent UK

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Independent UK

Britain’s economy to suffer second worst growth in G7 this year

New analysis reveals only Germany will perform worse than UK, despite improved growth projections

360info

Time to rethink humanity's relationship with the oceans

The COVID-19 pandemic exposed the fragility of economic systems focused solely on economic growth.

The Guardian - AU

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

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The New Daily

Work more, cut back: RBA boss’s message to struggling Aussies

Economic growth across Australia slowed to 0.2 per cent in the March quarter, as households continued to tighten their belts.

Reuters

Brazil lawmakers propose reforms combining consumption taxes

Brazil's consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal and regional rates without increasing the overall tax burden on the economy.

The New Daily

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

Barchart

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

360info

Powering the blue economy with blue finance

Attracting much-needed investment into the blue economy can be spurred by tailor-made initiatives.

Bangkok Post

Pact targets surge in digital volunteers

The Office of the National Digital Economy and Society Commission (ONDE) entered into a collaboration agreement with nine agencies on Tuesday in a bid to increase the number of digital volunteers to 300,000 by 2024, with the aim of promoting accessibility and understanding of digital technology among villagers.

360info

The ocean index helping to drive the blue economy

A new approach should be considered to ensure coastal and marine resources are exploited sustainably.

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