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The Latest Breaking News from Economy

Stock market today: Asian markets mixed as US government debt talks push toward brink of default

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

The Independent UK

Tears of the Kingdom patch removes every known variant of the game's duplication glitches

The Hyrulian economy can live another day

GamesRadar

Retail sales rebound as high street beats ‘cataclysmic predictions’, but economists warn slowdown still coming

Growth was ahead of expectations at 0.5%, according to today’s official figures

Evening Standard

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As electric cars boom, locals fear Chinese battery plant will harm land in drought-stricken Hungary

Residents, environmentalists and opposition politicians in eastern Hungary are worried that a sprawling battery factory will exacerbate existing environmental problems and hit the country’s precious water supplies

The Independent UK

Indian economy to surpass 7 per cent growth in FY 23: SBI research report

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. Read further on Dynamite News

Dynamite News

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.

The Times of India

Argentina VP says IMF hinders growth in Revolution Day speech

Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country's economy.

Reuters

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Cuba says no quick fix as economic crisis drags on

There is no quick fix for Cuba's sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation.

Reuters

Economics that looks at lower half of the pyramid

The model of economic growth that has guided national and international policies since the 1990s will not create healthy democracies

The Hindu

Only half of Germans see Scholz's coalition surviving as policy differences mount

Only half of Germans believe the ruling government coalition will hold until the end of its legislative period, a survey showed on Thursday, as arguments among the three parties over climate policy and budget intensify and voter support withers.

Reuters

Swansea Skyline project would create 100 jobs and generate £84m for city economy over 15 years - says report

It includes plans for a gondola (cable car) route, gravity-fuelled Luge ride, a zipline, a sky swing, new walking and mountain bike trails, and food and drink outlets on Kilvey Hill

Wales Online

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

WEKU

Show us how you can boost our economy' - city council's message to would-be developers

'Can you work with communities, make Salford greener and create jobs?'

Manchester Evening News

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

The Conversation

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Evening Standard

London offers a ray of hope in our gloomy economy

City comment: London will be a major contributor to the levelling-up the Government is so keen to achieve

Barchart

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Fortune

Millennials and Gen Z say the economy is preventing them from becoming financially independent adults

Most Gen Z and millennials say the state of the economy is “hurting their ability to be a financially independent adult," finds a new Experian survey.

The Independent UK

Closing race employment gap ‘could add £36bn to economy’

Exclusive: Analysis by Labour Party says closing gap would mean 539,000 extra employees contributing an additional £35.6bn to the UK economy

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The Independent UK

US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate

The Independent UK

Germany economy shrinks in first quarter, signaling one definition of recession

The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession

Tribune News Service

Editorial: One answer to the migration crisis? Jobs

The Biden administration’s sensible new policy for asylum seekers — requiring them to submit applications in Latin American countries before arriving — seems to have preempted a wave of migration to the border, at least for now. But what about those the US has already legally admitted into the country,…

The Guardian - UK

German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

The Times of India

German economy goes into recession as GDP shrinks by 0.3% in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

Reuters

German economy minister's office receives envelope with white powder

German Economy Minister Robert Habeck's constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police operation.

Al Jazeera

Singapore economy beats estimates as government warns of risks

Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.

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Cristina Fernandez de Kirchner

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