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The Latest Breaking News from Economy

3 Insurance Stocks That Continue to Look Strong Despite a Catastrophic Economy

During economic uncertainty, the insurance sector could be worth looking at due to its relative stability compared to other sectors. The insurance industry could benefit as the Fed contemplates more interest rate hikes. Therefore, it could be wise to consider investing in fundamentally strong insurance stocks Allianz SE (ALIZY), Loews…

StockNews.com

Sudan’s Treasury Risks Losing $2 Billion in Gold Revenues

Sudanese economists have warned that the prolongation of the war will afflict the Sudanese economy with huge losses and increase the average inflation rate, which has already reached 600 percent. Sudanese Economist Dr. Muhammad Al-Nayer estimated that the suspension of operations at the Khartoum airport to have disrupted 5 percent…

Asharq Al-Awsat

Finding and keeping workers in post-pandemic economy is a struggle for West Texas, local leaders tell Fed

Local leaders told members of the Federal Reserve last week that families are facing financial stresses that make working hard. Educators say they need families more involved at school.

The Texas Tribune

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Shake-up rules for buying military gear so British workers benefit, says union

Prospect called for an overhaul of government procurement processes so UK companies are better-placed to win bumper deals - benefiting UK employees and the overall economy

Daily Mirror

Sunak seeks to unite business leaders amid CBI demise

Rishi Sunak today sought unite the business community around his plans to grow the economy in a bid to fill the void left by the abrupt collapse of the CBI.

Evening Standard

Watch: Sunak pledges to revive economy as he hosts business leaders conference

Watch as Rishi Sunak hosts a conference for business leaders on Monday 24 April.

The Independent UK

Commentary: China’s economy might not be headed toward either ascendancy or decline

Something about China encourages grandiose predictions. Just a few years ago, the U.S. Intelligence Community forecast China would emerge from the COVID-19 pandemic economically and politically stronger than the United States.

Los Angeles Times

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Growth forecast this year still 3.6%: Bank of Thailand

Thailand's economy is still seen growing at 3.6% this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year.

Bangkok Post

Defence Strategic Review concludes WA's northern coast a 'primary area of military interest'

Australia's first major defence force review in a generation says the nation's geographical benefits are "radically reduced", with WA's north now a "primary area of military interest".

ABC News

Sunak criticised for ‘own goal’ over loss of tax-free shopping for tourists, as PM tries to woo business leaders – as it happened

Rishi Sunak hears concerns over tax-free shopping rules, AI and CBI allegations at first summit with UK corporate leaders

The Guardian - UK

Oil Prices Slide on Uncertainty over Global Economic Outlook, Rate Hikes

Oil prices fell on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 75 cents, or 0.92%, to $80.91 a barrel by 0409 GMT, while US West Texas…

Asharq Al-Awsat

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

The Independent UK

UK to be hit with fastest and harshest price rises in the G7

Forecasts show that prices for everyday goods are set to rise 40 per cent faster in the UK than any other major advanced economy

The Independent UK

John Ellis Jones obituary

Other lives: Classical scholar and archaeologist whose studies revolutionised understanding of the rural economy of Greece

The Guardian - UK

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Tribune News Service

US presidential hopefuls rally against a digital dollar ahead of 2024 elections

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

Miami Herald

Fort Lauderdale floods highlight climate risks to South Florida’s airports, seaports

MIAMI — Seaports and airports are the lifeblood of South Florida’s tourism-based economy. But as the relentless rains that swamped Fort Lauderdale last week illustrated, those critical transit and supply chain hubs are vulnerable to debilitating flooding.

Tribune News Service

Trump wants to end DeSantis’s 2024 campaign before It even begins

WASHINGTON — Former President Donald Trump is girding to take a swing at Florida Gov. Ron DeSantis on one of the things his chief rival is proudest of: his handling of his state’s economy.

Bangkok Post

Asian equities retreat on US slowdown worries

RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.

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The New Daily

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

StockNews.com

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

Tribune News Service

McCarthy is coming up short in support for House debt-limit bill

WASHINGTON — House Speaker Kevin McCarthy is coming up short in support for his first big legislative effort, a bill tying a debt ceiling increase to spending cuts, risking serious damage to both his stature and the U.S. economy.

Axios

The global economy's slow-motion reset

We are now in the early stages of a slow-moving process of markets, companies and governments adapting and readjusting to that reality.

The Independent UK

Last Eurovision tickets to go on sale next week

When tickets were released earlier for the grand final they sold out in just over half an hour.

The Conversation

Better quality jobs are what the UK economy needs to end strikes, staff shortages and low productivity

Productivity in the UK over the last 15 years has been described as growing at a “snail’s pace”. Meanwhile, wages lag way behind inflation, and numerous sectors are suffering from staff shortages.

The Independent UK

Argentina's President Fernández won't seek reelection

Argentina’s President Alberto Fernández announced Friday he won’t seek reelection for a second term this year, a decision that follows months of infighting among the ruling coalition as it grapples with a fragile economy and galloping inflation

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