The Latest Breaking News from Economy

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

The British economy unexpectedly grew in the second quarter of the year largely as a result of a strong rebound in June when many businesses, particularly in the leisure sector benefited from the warm and settled weather

The Independent UK · Aug 11, 2023

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

The Guardian - UK · Aug 11, 2023

FTSE 100 Live: ‘Economy flickers to life’ but blue-chips lose 1%, Heathrow passenger numbers climb

The British economy finally saw some growth, albeit still slowly, in the second quarter, as GDP grew by 0.2%.

Evening Standard · Aug 11, 2023

Joe Biden fears China is ‘ticking time bomb' posing danger to world

WASHINGTON: President Joe Biden expressed concern that China’s economic and demographic problems have turned the world’s second-largest economy into a “ticking time bomb” that threatens the rest of the world.

The Times of India · Aug 11, 2023

Here's where inflation stands today — and why it's raising hope about the economy

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

WEKU · Aug 10, 2023

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say.

Kiplinger · Aug 10, 2023

CM unveils logo for Tamil Nadu Global Investors’ Meet 2024

CM Stalin unveils GIM 2024 logo, stresses need to attract investments & showcase State's achievements. 241 proposals worth ₹2.97L cr, 4.15L jobs created since DMK came to power. GIM to help TN achieve $1T economy by 2030, industry captains urged to be brand ambassadors.

The Hindu · Aug 10, 2023

Don’t Let an Overlooked Opportunity in Valvoline (VVV) Pass You By

While Valvoline is an incredibly boring company, a key trend in the consumer economy may bolster VVV stock for the long haul.

Barchart · Aug 10, 2023

‘They effectively stop the economy’: Deadly protests erupt over Cape Town taxi strike

Violence has erupted all around Cape Town following last week's announcement of a disruptive taxi strike against new local legislation allowing authorities to impound irregular vehicles. In the absence of this critical mode of transportation, commuters living in nearby townships have been left stranded – an issue that has primarily…

France 24 · Aug 10, 2023

Zimbabwe heads to the polls amid high inflation, a slumping currency and a cost of living crisis

Zimbabwe is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dollar have combined to fuel a cost of living crisis for households and battered business activity.

The Conversation · Aug 10, 2023