The Latest Breaking News from Economy

Britain's faltering economy flatlined in the third quarter

Britain's economy flatlined in the third quarter of the year meaning that it will miss falling into recession in 2023.

Evening Standard · Nov 10, 2023

UK economy flatlines in third quarter amid high interest rates

Zero growth also underlines impact of inflation on consumer spending and business activity

The Guardian - UK · Nov 10, 2023

UK a ‘stagnation nation’ after economy fails to grow; Alison Rose to lose £7.6m over Farage row – as it happened

Rolling coverage of the latest economic and financial news, as UK GDP is unchanged in July-Setptember

The Guardian - UK · Nov 10, 2023

Acknowledge India’s economic successes too

The Indian economy has grown at an impressive rate in the post-COVID-19 years, and the tagline, ‘fastest-growing major economy,’ calls for some elaboration

The Hindu · Nov 9, 2023

Sunak's climate shift is out of touch with the demands of the UK's workforce – here's why

Prime Minister Rishi Sunak plans to introduce a bill aimed at granting new oil and gas drilling licences in the North Sea. The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.

The Conversation · Nov 9, 2023

3 Consulting Giants Capitalizing on Government Spending

The “knowledge economy” is a hot topic right now, but it has existed in another format for a very long time. Consulting services are growing as knowledge becomes more and more niche and specialized, and governments and businesses alike are turning to outside knowledge for strategy, operations, and IT help…

StockNews.com · Nov 9, 2023

Subsea tunnels between Shetland isles 'could boost economy and green ambitions'

Building tunnels to link two islands to the Shetland mainland could help communities and the economy develop and support the move towards carbon…

The National (Scotland) · Nov 9, 2023

Ingka Group CEO Jesper Brodin says there's no 'middle way' on China—and you can't suddenly de-risk 'if you invest like we do'

Despite a sluggish economy, Brodin said IKEA is committed to China: "You have to take some good years and some bad years from time to time."

Fortune · Nov 9, 2023

Caixin Summit: Asia’s Young Workforce Helps Control Inflation, BIS Official Says

The region’s agricultural sector and gig economy are also key factors in slowing price growth, Zhang Tao says

Caixin Global · Nov 9, 2023

UK mortgage arrears rise as high interest rates hit borrowers – as it happened

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

The Guardian - UK · Nov 9, 2023