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The Latest Breaking News from Economy

UK economy returns to growth in April as consumer spending improves

Strong month for bars and pubs, analysts say

The Independent UK

Energy bills could rise for almost a million families after major meter change

Hundreds of thousands of homes still have legacy electricity meters fitted - and they will be turned off next Spring

Chronicle Live

Pound hits one-year high as more interest rate hikes loom; UK grows in April; WE Soda cancels London float – as it happened

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

The Guardian - UK

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Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come

The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation

The Independent UK

'Political vacuum' sparks jitters

The private sector has expressed concern that any delay in the formation of a new government may have an adverse impact on the economy.

Bangkok Post

Wall Street's biggest bull called this year's stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’

Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.

Fortune

UK government to invest in film and TV AI special-effects research

Almost £150m to be spent on research labs to help future-proof industry and lift creative economy

The Guardian - UK

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Creative industries get £77 million funding boost

The sector has grown at more than 1.5 times the rate of the wider economy over the past decade.

The Independent UK

Federal Reserves Faces The Challenges Of A Tricky Balancing Act

Back in March 2022, the Federal Reserve embarked on an unprecedented interest rate hiking cycle

Zenger

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

PBOC Cuts Short-Term Rates for Banks in Further Sign of Easing

Reduction in monetary policy tool follows a cut in another key lending rate and may signal more central bank action to bolster the economy

Caixin Global

Doug Ford at 5 years: Selling out Ontario's future to please the well-connected

The initial political success of the Doug Ford government in Ontario has been attributed to its ability to connect with those who have seen themselves as the losers in the province’s economic transition from a manufacturing and resource extraction-based economy to one based on services.

The Conversation

Is falling inflation a 'feather in the cap for the Fed' or a false dawn? That depends on which economist you ask

Is a soft landing for the economy in sight? The May CPI data looks kind of like it, but only to some economists.

Fortune

Emirates to operate new retrofitted flagship A380 aircraft from Bengaluru

Emirates on Tuesday announced that it will operate its newly retrofitted flagship A380 aircraft from Bengaluru and Mumbai airports.

The Hindu

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Fortune

Shopify’s head of equitable commerce: 'Unsustainable marketing moments hurt Black entrepreneurs. Here’s why

People say grit is the key to success. But it's money that keeps this party going–and Black founders have been left off the guest list.

Fortune

Goldman Sachs CEO sees ‘bumps and pain’ for real estate

A recession is unlikely to hit the U.S. before the end of the year, David Solomon predicted.

Birmingham Post

Welsh Government unable to deliver scale of investment needed to decarbonise Tata

Tata Steel has asked for £1.5bn in government financial aid for it to decarbonise its plant in Port Talbot

The Hindu

India will be the third largest economy in the world by 2030, says Bhagwant Khuba

Union Minister of State for Fertilizers and Chemicals, New and Renewable Energy Bhagwant Khuba has said that by the time India completed 100 years of Independence, it will be the strongest nation in the world. He was speaking at a Rozgar Mela organised jointly by the Department of Posts, the…

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The Conversation

The US role in the global financial system is changing – here's how it could affect the world's economy

The last-minute resolution of the US debt ceiling crisis recently has led to a collective sigh of relief in global financial markets. But the way it was resolved has renewed concerns about the the dominant role of the US in the world economy at a time of unprecedented challenges including…

The Walrus

Why Is It So Hard for Writers to Talk about the Working Class?

From novels to TV, you’ll have a hard time finding people who struggle with poverty

Insider UK

Slater accused of ‘disrespecting’ Holyrood committee over DRS report

Circular Economy Minister called in to answer questions by the Net Zero, Energy and Transport Committee

Salon

Last chance to avoid the "End Times"

Peter Turchin predicted major instability in the 2020s. Unless we address inequality, he says, it will get worse

The Independent UK

US consumer price growth slowed last month, though underlying inflation measures stayed high

Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation

Evening Standard

Eight of the top ten areas for tech are in London, report finds

London’s position at the centre of the UK’s tech economy was confirmed today after a new report found 8 of the top 10 constituencies for technology were in the capital.

The National (Scotland)

'Scotland needs full migration powers to address falling employment rate'

SCOTLAND needs full powers over migration to address recruitment challenges in the country, Wellbeing Economy Secretary Neil Gray has said.

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