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The Latest Breaking News from Economy

Republicans Hail Big Spending Cuts That Economists Say Will Have Little Impact on the Economy

Analysts taking the measure of the debt-ceiling pact call it modest.

Businessweek

Mild recession forecast in UK, as trade deals with Australia and New Zealand worry farmers – as it happened

Higher borrowing costs and tighter lending will slow global growth sharply this year, Moody’s warns

The Guardian - UK

Running out of battery: how post-Brexit Britain is failing to set up a future-focused economy

One-off deals won’t keep pace with the big industrial strategies of the US and EU, says Mariana Mazzucato, a professor in the economics of innovation

The Guardian - UK

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read the most diverse news in one place.

Slater: government will assess if it can make deposit scheme work

Circular Economy Minister challenges the UK Government to show how an English scheme would operate

Insider UK

Japan PM orders about $26 billion to be set aside for childcare

Japanese Prime Minister Fumio Kishida instructed his government on Wednesday to set aside around 3.5 trillion yen ($26 billion) in the annual budget for child care, Economy Minister Shigeyuki Goto said.

Reuters

Economists see India’s first rate cut in 2024 for durable growth

NEW DELHI: Economists see India’s central bank holding interest rates this year before cutting 25 basis points in the first quarter of next year as inflation moderates and the economy stays resilient, according to the latest Bloomberg survey results.

The Times of India

'I had visions of Tour de France type status' — an interview with Unbound's Co-Director Kristi Mohn

Kristi Mohn is credited for helping create the world's biggest gravel race while putting its host —Emporia, Kansas— on the map as a gravel haven and reviving its economy. Hear from her in her own words.

Cycling Weekly

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Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News

Proposed legislation would eliminate ESG in TSP pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid

International Monetary Fund has signed off on an initial loan of $900 million and raised its estimate for the country’s economic growth

The Independent UK

The key fact about UK Government ‘spending’ that sets it apart from Holyrood

"Where does all the money come from to pay for the ‘free’ things in Scotland?” To answer that question it is easiest to look at it in two…

The National (Scotland)

The Brazilian Real- Steady at the Twenty Cents Level Against the U.S. Dollar

The exchange rate between the Brazilian real and the U.S. dollar has been steady around the $0.20 level. Brazil is a leading commodity-producing and exporting country and South America’s leading economy and most populous nation.

Barchart

Zara and Mike Tindall surprised passengers on an economy flight recently

Royals, they're just like us...

Marie Claire

Why Australians are paying 50% more for air fares than pre-pandemic even as jet fuel costs drop

New data reveals the average return economy airfare to the most popular overseas destinations is now $1,827, compared with $1,213 in 2019

The Guardian - AU

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Daily Mirror

Rishi Sunak to meet Joe Biden in White House - but post-Brexit trade deal off table

Rishi Sunak is expected to discuss the economy and support for Ukraine with Joe Biden on a visit to Washington next week - but a transatlantic trade deal is not likely to be on the table

The Hindu

Defence Minister Rajnath Singh interacts with Indian diaspora in Nigeria

Defence Minister Rajnath Singh highlighted India’s growing importance on the world stage owing to its fast-expanding economy and progressive government actions as he interacted with the Indian diaspora in Nigeria

Dynamite News

J-K: Small, marginalized farmers script new chapter in agri-economy

Holistic Agriculture Development Programme (HADP) has proven to be a boon for small and marginalized farmers in Jammu and Kashmir. Read further on Dynamite News:

Reuters

Where are the jobs? India's world-beating growth falls short

On a hot summer afternoon, 23-year old Nizamudin Abdul Rahim Khan is playing cricket on a muddy, unpaved road in the Rafiq Nagar slum in India's financial capital, Mumbai.

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news in one place.

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Fortune

A top economist nicknamed the 'Money Doctor' gives the Fed a failing grade when it comes to taming inflation and saving the economy

A new Fortune report delves into Steve Hanke's analysis of the Fed’s actions leading up to this point.

Fortune

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Axios

Small biz hit by slowing economy, credit crunch

Frustrated and angry, small business owners tell Axios that they've lost trust in the financial system.

Birmingham Post

The huge impact of overseas students on the Welsh economy

New research show that overseas students in Wales have a £1.4bn economic impact

The Independent UK

Stock market today: Asia shares mixed as investors await debt ceiling vote, eye China economy

Asian shares are mixed in directionless trading following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy

Bangkok Post

Trio unite to build digital workforce

The Digital Economy Promotion Agency (Depa), TBN Corporation and Kasetsart University have partnered to help develop a skilled digital workforce to bridge the demand gap for personnel in the country.

Daily Mirror

Two major royals fly back to UK on economy flight leaving holidaymakers stunned

Mike and Zara Tindall were pictured in economy class on the Air France plane after watching the prestigious Monaco Grand Prix at the Circuit de Monaco on the weekend

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