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The Latest Breaking News from Economy

Unelected Lords guzzled 300 bottles of bubbly and wine as economy tanked

UNELECTED Lords have guzzled more than 300 bottles of bubbly and wine since the Tories crashed the economy last year.

The National (Scotland)

President Biden's industrial policy push is a break from 50 years of orthodoxy

It will change the contours of the global economy.

Fortune

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

From analysis to the latest developments in health,
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Michael Phillips: AMC’s new pricing policy? Extra charge for better seats — and thanks for nothing

In the gouging spirit of surge pricing and airline basic economy, AMC Theatres this week announced its new seating strategy.

Chicago Tribune

Commentary: One smart way to win over working-class voters — and help the economy

Pennsylvania Gov. Josh Shapiro has held his job for less than a month, so it’s probably too early for him to think about running for president. But it’s not too soon for other governors considering a White House run to do what he did with a splash on his first…

Los Angeles Times

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

France 24

Mapped: The areas hit hardest by mortgage hikes of up to £13,000 a year

Compare prices across the country as rates set to increase again

The Independent UK

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UK expected to escape recession - for now - in near-miss for the economy at the end of 2022

Festive spending spree into first Christmas free of Covid restrictions in years may keep growth on the flatline

Evening Standard

‘Difficult’ times for households will continue in 2023

Scotland’s economy is predicted to shrink by 1% in 2023, before growing by 0.6% the following year

Insider UK

UK households to suffer £4k blow to finances this year, says report

Country likely to sidestep a protracted recession, but lasting effect of cost-of-living crisis ‘will feel like a recession’

The Guardian - UK

Sri Lanka flags return to growth, protesters demand tax cuts

Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds protested a recent rise in taxes amid high inflation.

Reuters

Biden stares down Republican hecklers in feisty State of the Union speech tackling economy, police reform and China

Joe Biden engaged in a running back-and-forth with Republicans that at times seemed more like something out of Prime Minster’s Questions than anything in the American parliamentary tradition

The Independent UK

Analysis: Biden sees ‘strongest’ economy, but voters don’t believe him

WASHINGTON — President Joe Biden did not use his second State of the Union address to announce a reelection bid, but he did not sound like a soon-to-be retiree either. He took a few pointed jabs at Republicans while also vowing to “finish” his goal to “rebuild the backbone of…

Tribune News Service

Lords drank £10,500 of champagne and prosecco in three months as UK economy tanked

EXCLUSIVE: Lords and their guests guzzled more than 300 bottles of fizz in Westminster between September and January.

Daily Record

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The Independent UK

UK ‘to escape recession’ – here’s what it means for families

UK growth will remain close to zero throughout 2023, says Niesr

The Independent UK

Five key takeaways from Biden’s combative State of the Union address

The president toggles between the magnanimous bipartisan dealmaker and combative incumbent battling Republican heckling

Fortune

More people say they're worse off under Joe Biden than any president in 37 years

Biden's State of the Union speech detailed his plan to help create jobs and improve the economy amid high inflation.

The Independent UK

Transcript: Biden's second State of the Union address

Transcript of President Joe Biden's second State of the Union address, as prepared for delivery and as provided by the White House:

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The Independent UK

State of the Union: Read Joe Biden’s full address

Read President Biden’s full State of the Union address

WEKU

Read President Biden's State of the Union speech

Read President Biden's State of the Union speech delivered on Feb. 7, 2023, as prepared for delivery.

The Independent UK

UK to dodge recession, but one in four families will struggle with bills – Niesr

Niesr predicts that UK growth will remain close to zero throughout 2023, but avoid a technical recession.

Roll Call

SOTU: Biden sees ‘strongest’ economy, but voters don’t believe him - Roll Call

President Biden described in his State of the Union address a recovering economy, but voters just don't agree with him.

ABC News

ASX closes higher as traders prepare for more rate hikes to come and companies report mixed half year results — as it happened

Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.

Chicago Sun-Times

NASCAR says summer street race in Grant Park could pump $113 million into economy

The race should also attract many people from out of town — 65% of the expected 100,000 attendees — and fill up downtown hotel rooms and show scenic parts of downtown across the world to millions of viewers.

Reason

Biden May Dream of 6 More Years, but His Three Closest Comps Never Got There

What we can learn from the State of the Union addresses by Jimmy Carter in 1979, Richard Nixon in 1971, and JFK in 1963

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People

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