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The Latest Breaking News from Economy

India’s economy picks up speed amid global slowdown

With 6.1% growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles.

Al Jazeera

German inflation slows to 6.1% in May, though food prices are still surging

German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%

The Independent UK

I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.

Fortune

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

Scottish GDP growth outperforms UK in first three months of 2023

The country’s economic output grew by 0.4% during the first quarter – compared to 0.1% for the UK

Insider UK

Scottish economy grows four times faster than UK's in latest figures

SCOTLAND’s economy grew by 0.4 per cent between January and March, outpacing UK economic growth of 0.1 per cent.

The National (Scotland)

Exclusive-Turkey's new cabinet almost certain to include Simsek - sources

Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said.

Reuters

Ministers to re-evaluate deposit return after glass ban ‘sabotage’ – Slater

The Scottish circular economy minister hit out once again at the UK Government’s decision that DRS must only include tin and plastic.

The Independent UK

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Markets tumble as Republicans threaten US debt deal

HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

Bangkok Post

Republicans Hail Big Spending Cuts That Economists Say Will Have Little Impact on the Economy

Analysts taking the measure of the debt-ceiling pact call it modest.

Businessweek

Mild recession forecast in UK, as trade deals with Australia and New Zealand worry farmers – as it happened

Higher borrowing costs and tighter lending will slow global growth sharply this year, Moody’s warns

The Guardian - UK

Running out of battery: how post-Brexit Britain is failing to set up a future-focused economy

One-off deals won’t keep pace with the big industrial strategies of the US and EU, says Mariana Mazzucato, a professor in the economics of innovation

The Guardian - UK

Slater: government will assess if it can make deposit scheme work

Circular Economy Minister challenges the UK Government to show how an English scheme would operate

Insider UK

Japan PM orders about $26 billion to be set aside for childcare

Japanese Prime Minister Fumio Kishida instructed his government on Wednesday to set aside around 3.5 trillion yen ($26 billion) in the annual budget for child care, Economy Minister Shigeyuki Goto said.

Reuters

Economists see India’s first rate cut in 2024 for durable growth

NEW DELHI: Economists see India’s central bank holding interest rates this year before cutting 25 basis points in the first quarter of next year as inflation moderates and the economy stays resilient, according to the latest Bloomberg survey results.

The Times of India

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Cycling Weekly

'I had visions of Tour de France type status' — an interview with Unbound's Co-Director Kristi Mohn

Kristi Mohn is credited for helping create the world's biggest gravel race while putting its host —Emporia, Kansas— on the map as a gravel haven and reviving its economy. Hear from her in her own words.

ABC News

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

Ballotpedia

Proposed legislation would eliminate ESG in TSP pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Independent UK

Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid

International Monetary Fund has signed off on an initial loan of $900 million and raised its estimate for the country’s economic growth

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news in one place.

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The National (Scotland)

The key fact about UK Government ‘spending’ that sets it apart from Holyrood

"Where does all the money come from to pay for the ‘free’ things in Scotland?” To answer that question it is easiest to look at it in two…

Barchart

The Brazilian Real- Steady at the Twenty Cents Level Against the U.S. Dollar

The exchange rate between the Brazilian real and the U.S. dollar has been steady around the $0.20 level. Brazil is a leading commodity-producing and exporting country and South America’s leading economy and most populous nation.

Marie Claire

Zara and Mike Tindall surprised passengers on an economy flight recently

Royals, they're just like us...

The Guardian - AU

Why Australians are paying 50% more for air fares than pre-pandemic even as jet fuel costs drop

New data reveals the average return economy airfare to the most popular overseas destinations is now $1,827, compared with $1,213 in 2019

Daily Mirror

Rishi Sunak to meet Joe Biden in White House - but post-Brexit trade deal off table

Rishi Sunak is expected to discuss the economy and support for Ukraine with Joe Biden on a visit to Washington next week - but a transatlantic trade deal is not likely to be on the table

The Hindu

Defence Minister Rajnath Singh interacts with Indian diaspora in Nigeria

Defence Minister Rajnath Singh highlighted India’s growing importance on the world stage owing to its fast-expanding economy and progressive government actions as he interacted with the Indian diaspora in Nigeria

Dynamite News

J-K: Small, marginalized farmers script new chapter in agri-economy

Holistic Agriculture Development Programme (HADP) has proven to be a boon for small and marginalized farmers in Jammu and Kashmir. Read further on Dynamite News:

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