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The Latest Breaking News from Economy

Fed's Raphael Bostic doesn't see rate cuts until 2024

Atlanta Fed President Raphael Bostic thinks high consumer spending and strong labor market could continue to push prices higher.

Fortune

Northern Ireland student fees rise being considered to tackle budget shortfall

Department for the Economy faces making 16% cuts to services due to a funding deficit of £130 million

Belfast Live

UK economy: why the Bank of England is now more upbeat than the IMF

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

The Conversation

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IMF: Sri Lanka's crisis-hit economy likely to resume growth in 2024 after contracting 3% this year

The International Monetary Fund says Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year

The Independent UK

Ireland thrives as economy grows while Scotland 'hampered by Westminster'

INDEPENDENT Ireland's economy is on a "solid growth path" while Scotland's potential is being "hampered" in the Union,…

The National (Scotland)

Most Aussies buy it, ‘Australian made’ products bring jobs and money to locals

Just spending an extra $10 a week on Australian Made goods can help the economy and local businesses, while creating thousands more jobs.

The New Daily

Upfront Preview: Economy, Streaming, Measurement Make This Year’s Market Unique

Sports and unscripted play bigger role

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Erdoğan leads in tight race: what next for Turkey’s economy?

President Recep Tayyip Erdoğan has defied the polls to lead his main rival in the first round of voting in Turkey’s make-or-break presidential election.

The Week

European economy expected to grow faster than forecast, says EU

Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%

The Guardian - UK

Thai economy grows 2.7% in first quarter

Thailand's economy grew 2.7% in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday.

Bangkok Post

'What is the value of a wave?' North Devon named the UK's first-ever World Surfing Reserve

BusinessLive spoke to Dr Gregory Borne, senior lecturer in sustainable development at Plymouth Marjon University about the research being undertaken to establish what this means for the local economy

Birmingham Post

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

The Independent UK

GPs aiding international student agents to exploit Australian visa ‘loophole’, inquiry hears

Agents earn extra commission by shuffling foreign students between providers in what Labor calls an unethical ‘shadow economy’

The Guardian - AU

Co-chair appointed for government group to work with private sector

The group will meet for the first time this week, aiming to ease the transition to a wellbeing economy

Insider UK

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The Guardian - UK

Isle of Man to grow cannabis business to diversify economy

British crown dependency hopes to license as many as 10 medicinal cannabis firms by end of 2025

The Guardian - UK

Petrol and diesel retailers pump up profit margins; Europe approves Microsoft’s $69bn Activision Deal – as it happened

Fuel margins have increased across the retail market, but in particular for supermarkets, over the past four years, says competition watchdog

The Independent UK

Macron vows to build back factories, boost France's economy shaken by pension protests

French President Emmanuel Macron has ambitions to build factories to boost job creation and make his country's economy more independent

Bangkok Post

Q1 GDP grows 2.7% y/y, beats expectations

Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

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Birmingham Post

Uptick in job creation helps fuel 'renewed vigour' North West's economy

NatWest has published its latest UK Regional PMI survey

The Independent UK

Braverman: Cut immigration or Britons will forget how to work

UK needs to train its own people to work as HGV drivers, fruit pickers and butchers, home secretary says

The New Daily

Hair’s breadth race in high-stakes Turkey election could end in runoff

Counting is underway in Turkey's election which will also decide how it is governed and where its in-crisis economy is headed.

Daily Mirror

Labour leader Keir Starmer demands a general election NOW to end 13 years of Tory hell

In an interview with the Mirror, Keir Starmer warned that struggling families cannot afford another day of this Tory government as he urged Rishi Sunak to hold an election

The Independent UK

Turkey’s presidential election heading for run-off as Erdogan gains upper hand

Opposition seeks to end Recep Tayyip Erdogan’s two decades in power

Daily Mirror

Manufacturing boom for towns, countryside and coast 'could pump £70bn into economy'

A study by the Centre for Progressive Policy think tank has calculated the potential impact of reviving heavy industry across swathes of Britain

The Guardian - UK

The UK has a PR plan masquerading as an industrial strategy

Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering

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