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The Latest Breaking News from Economy

Rishi Sunak accused of 'cover up' at Treasury as amount of hidden info REVEALED

Labour said the PM had tried to “cover up the evidence of his incompetent management of the economy and his flagrant waste of public money” during his time as chancellor

Daily Mirror

Greece prepares for elections that may herald a new political era

PM Mitsotakis will fight to keep leading the country, which is reeling from a rail crash and worries about the economy.

Al Jazeera

The 3 Best-Performing Auto Dealer Stocks in the Current Economy

Technological advancements and rising demand is expected to boost the automotive industry. Therefore, investors could benefit from fundamentally strong auto dealer stocks Copart (CPRT), Penske Automotive Group (PAG), and Rush Enterprises (RUSHA). These stocks have been performing well despite the macro headwinds. Keep reading.

StockNews.com

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A key inflation gauge tracked by Fed remained high in March

A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year

The Independent UK

OPINION - Don’t rise to Suella’s bait, but exactly what level of immigration do we want?

There was a time when the Tories were considered the party of business, the sensible guardians of the economy. But the Conservatives switched — after the growth of UKIP post the 2008 global banking crisis — to become the party that focused on controlling immigration. We know the history: Take…

Evening Standard

Eurozone economy avoids recession ‘by a whisker’

Warmer winter, lower energy prices and China’s reopening help bloc surprise economists and stave off severe downturn

The Guardian - UK

AWS earnings and sales soar once again, but Amazon warns of potential cloud slowdown

A considerable boost to net sales is met with increased operational costs as AWS continues to battle a tough economy.

TechRadar

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Europe's economy ekes out slight growth at start of 2023

The European economy has scraped out meager growth of 0.1% in the first three months of the year

The Independent UK

Despite mass layoffs, there are still lots of jobs out there. Here's where

Mass layoffs have dominated the headlines as huge companies shed hundreds and thousands of workers. But the economy is still adding jobs — 236,000 last month alone.

WEKU

Germany narrowly escapes recession as economy flatlines, underperforming expectations

However, investors may take confidence from elsewhere in Europe, as France and Italy both returned to growth

Evening Standard

French economy grows by one-fifth of a percentage point in first quarter

France's economy grew 0.2 percent in the first quarter on the back of greater industrial production and increased foreign trade, the national statistics agency INSEE announced on Friday. Germany narrowly avoided recession, reporting flat GDP in the first three months of 2023.

Radio France Internationale

Peace has helped make Northern Ireland a global cyber security hub, conference hears

CYBERUK heard how the sector will add £437 million in value to NI economy by 2030

Birmingham Post

Stock market today: Asia shares gain as BOJ stands pat

Shares are mostly higher in Asia after Wall Street rallied to its best day since January and the Bank of Japan kept its ultra-lax monetary policy unchanged

The Independent UK

Britain once rioted over the price of bread. What would it take for us to confront greedflation today?

We seem to wearily accept corporate profiteering as a fact of life. But an ever poorer public can be pushed only so far, says Guardian columnist Andy Beckett

The Guardian - UK

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Bangkok Post

SCG wary 3 factors may curb the economy

SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, has raised fresh concerns about unpleasant impacts on the local economy caused by three risk factors: high energy costs, PM2.5 ultra-fine dust and drought.

ABC News

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

Fortune

The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

Barchart

Coffee Prices Close Moderately Lower on Demand Concerns

July arabica coffee (KCN23 ) on Thursday closed down -3.40 (-1.77%), and July ICE robusta coffee (RMN23 ) closed down -8 (-0.33%). Coffee prices Thursday closed moderately lower. Concerns that a slowdown in the U.S. economy will curb coffee demand undercut prices after Thursday's economic news showed that the U.S....

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Reuters

White House's Sullivan: US not looking to decouple from China economy

White House national security adviser Jake Sullivan said on Thursday the United States is not looking to decouple its economy from the Chinese economy, saying, "We're not cutting off trade."

Daily Mirror

'After 13 years, Brits know they’re not better off. Here’s how we change that'

Writing for the Mirror, Shadow Chancellor Rachel Reeves vows that a Labour government would help workers by kickstarting Britain's economy after years of Tory failure

Barchart

Coffee Prices Slip on Demand Concerns

July arabica coffee (KCN23 ) this morning is down -3.30 (-1.72%), and July ICE robusta coffee (RMN23 ) is down -10 (-0.41%). Coffee prices this morning are moderately lower. Concerns that a slowdown in the U.S. economy will curb coffee demand are weighing on prices after today's economic news showed...

France 24

Reconstruction in Ukraine: Kyiv hopes to attract private investors

Russian forces continue to wage war across Ukraine, but Volodymyr Zelensky's government is already looking ahead to the task of rebuilding. The European Commission and World Bank predict that this could come with a price tag of some $400 billion. Oleksandr Gryban, Ukraine’s Deputy Economy Minister admits that attracting investors…

Capital & Main

Building Back Bigger

The Biden administration has embarked on the most expansive government investment since the Great Society, with ambitious goals for economic and social equity.

The Independent UK

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive

The Independent UK

Jobless claims fall again with labor market churning along

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy

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