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The Latest Breaking News from Economy

Pinball vs. Big Tech's obsolesence love

In Big Tech's wasteland of planned obsolescence, praise for the defiant joy of flippers and steel

Salon

The recession you have when you’re not having a recession

While economists are expecting further contraction of the NZ economy this year, opinions vary as to how bad things could get.

Newsroom.co.nz

‘Anyone want to buy?’: Turkish lira falls as traders await uplift in economy

Mood is tense among currency traders in Istanbul’s Grand Bazaar, with country reeling from a profound economic crisis

The Guardian - UK

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As mortgage rates surge, the Tories are losing their reputation for economic competence

The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

The Guardian - UK

South Africa's ruling party is performing dismally, but a flawed opposition keeps it in power

As power cuts continue, the economy falters, unemployment rises and the currency tumbles, South Africa’s political commentators tend to agree that support for the governing African National Congress (ANC) will fall under 50% in the 2024 national and provincial elections. If the party avoids a defeat, it could lead to…

The Conversation

Sierra Leone gears up for presidential election amid economic crisis, looming protests

Sierra Leoneans are heading to the polls on Saturday, June 24, to select their next president amid mounting frustration due to an ailing economy, rising unemployment and the loom of deadly protests

The Independent UK

Kwasi Kwarteng pockets £27,000 for 30-minute speech to Swiss bankers

Just months after he and Liz Truss tanked the UK economy with their kamikaze mini-budget, Mr Kwarteng has started raking in cash from public speaking

Daily Mirror

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Modi govt ‘ruining’ PSUs: Mallikarjun Kharge

The Congress chief said the Modi government does not believe that the Public Sector Undertakings (PSUs) are an important part of the country’s economy.

The Hindu

Thank Dutch Merchants, Not a Strong State, for Capitalism

Pioneers of Capitalism chronicles centuries of bottom-up economic evolution in the Netherlands.

Reason

THE wellbeing economy is high on the agenda in Scotland’s politics right now, especially with the recent inclusion of the economic approach in a…

The National (Scotland)

North Korea opens key party meeting to tackle its struggling economy and talk defense strategies

With leader Kim Jong Un in attendance, North Korea has opened a key political conference to discuss improving its struggling economy and reviewing defense strategies in the face of growing tensions with rivals

The Independent UK

Arkhom predicts low-growth year for Thai economy

The Thai economic recovery this year is expected to be "low growth", says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Full list of King’s Birthday Honours

The King’s first birthday honours list has been released and has seen figures recognised for their contributions in sport, entertainment and public service.

Evening Standard

The transition to an 'economy of enough'

Rather than a Productivity Commission, how about we have a Sufficiency Commission instead, asks Dr Catherine Knight, whose goal would be to meet our needs within biophysical limits?

Newsroom.co.nz

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Al Jazeera

What did Putin say at Russia’s flagship economic forum?

Russian president touted resilient economy despite sanctions, said Ukraine’s forces stood ‘no chance’ of winning war.

Fortune

Recession is ‘at our doorstep,’ but investors are falling for a goldilocks scenario, Wells Fargo says. It ‘isn’t going to end all that well’

Wells Fargo Investment Institute sees the S&P 500 falling 7% by year-end as corporate earnings sink.

Daily Mirror

Economy on world's longest direct flight will have extra legroom and 'wellness zones'

In 2025 Qantas will start running routes from Sydney to New York and London direct, with the journey likely to take between 19 and 20 hours, making it the longest non-stop commercial flight

The Independent UK

Putin touts Russian economy, says Ukraine's president is 'shame to Jewish people'

President Vladimir Putin is touting Russia’s prospects at the country’s main international economic forum despite heavy international sanctions imposed because of the war in Ukraine

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The Independent UK

London-Sydney nonstop flights move a step closer as Qantas reveals ‘anti-jet lag’ measures

20-hour-plus trip will come with a high financial and environmental price tag

Barchart

Copper Prices: A Forecast on When to Expect a Rise in 2023

Copper prices have risen since the pandemic lows, but what can we expect for the remainder of 2023? In this article, we'll take a closer look at the current state of the copper market, examine the factors that affect its price, and forecast when we can expect a rise in…

The Guardian - UK

Vodafone and Three merging would be a disaster – not least for your bills

For customers’ mobile costs to come down, we need more telecoms providers, not fewer, says Nicholas Shaxson, cofounder of the anti-monopoly Balanced Economy Project

Chronicle Live

Revealed: Government plans for a new 'voice of the North' organisation to help grow region's economy

Levelling Up Department says new body will help attract trade and investment to region

The Independent UK

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row

The Guardian - UK

Behavioural battlefronts: why the transition to a zero carbon economy needs psychology as well as technology

New technology or a scientific breakthrough isn’t enough to mitigate the climate emergency. Addressing people’s behavioural blockers – their resistance, reluctance, or any practical difficulties they may face – is vital

Zenger

Jim Cramer After China Rate Cut: ‘Any Stimulus Plan That Works Will Need Help From West’

CNBC “Mad Money” host Jim Cramer weighed in on the Chinese economy and offered a bleak outlook for the U.S. market

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