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The Latest Breaking News from Economy

A tale of one city: Women and the UK cost-of-living crisis

Despite its historic reputation as a centre of education, power and wealth, Cambridge is the UK’s most unequal city. Like the rest of the country, many of its residents are suffering greatly from the nation's cost-of-living crisis but none more so than women and children. This as the number of…

France 24

US adds 236,000 jobs in March as unemployment rate remains little changed

The lower job numbers come as a hot labour market cools down amid increasing interest rates

The Independent UK

'If we don't solve the nitrogen crisis, our economy will get stuck': Dutch deputy PM

The Dutch coalition government survived a no-confidence vote on April 5. But its problems are far from over – with pressure from the farmers' movement causing tensions inside the coalition. The pro-farmers' BBB party made a breakthrough in the provincial elections in March, rattling the political establishment. Farmers are calling…

France 24

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US adds 236,000 jobs in March as labor market weakens

March saw fewer jobs added to economy compared with February as effects of Fed’s interest rate increases are felt

The Guardian - US

U.S. economy adds 236,000 jobs in March as labor market stays strong

The numbers were roughly in line with what economists expected.

Axios

Will cost-of-living squeeze see an 'awful April'?

An extra £88 a month (£1,000 a year): that’s what millions of us are going to have to start paying this “awful April”, as people are calling it, said George Nixon in The Times. It will come in the form of rising bills for energy, phone, water, broadband and council…

The Week

Saudi Arabia Begins Localizing Consultancy Sector

Saudi Arabia has kicked off on Thursday the process of localizing the consultancy sector and professions across the Kingdom. The Ministry of Human Resources and Social Development (MHRSD) announced the start of the first phase of the process. The Ministry aimed to provide a stimulating and productive work environment for…

Asharq Al-Awsat

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Gloomy global economy forecasted ahead of budget

Treasurer Jim Chalmers is warning of economic uncertainty with spiking global inflation and interest rates spurred by war in Ukraine ahead of the May budget.

AAP

Are inflation pressures easing? Jobs report may offer clues

For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes

The Independent UK

Elon Musk says moving away from fossil fuels will be a bargain

Tesla's new Master Plan is also a vision for the future of a global sustainable economy.

Fortune

The economy has a ‘throat ache’ that ‘could get worse before it gets better,’ top economist warns

EY-Parthenon’s Gregory Daco is worried about a recession amid stubborn inflation, rising interest rates, and the banking crisis.

Fortune

2023 Toyota Corolla Cross Hybrid First Drive Review: The One To Get

Standard all-wheel drive, great fuel economy, and upgraded tech are the highlights of Toyota’s newest hybrid.

Motor1

‘Total and complete disaster’: DeSantis takes rhetorical aim at Fed Chairman Powell

WASHINGTON — Ron DeSantis has found a new rhetorical target as he prepares for a potential presidential bid: Federal Reserve Chairman Jerome Powell.

McClatchy Washington Bureau

IMF head expects less than 3% global economic growth in 2023

The International Monetary Fund chief is warning that the world economy is expected to grow less than 3% in 2023, down from 3.4% last year, increasing the risk of hunger and poverty globally

The Independent UK

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The Guardian - UK

Global economy heading for weakest growth since 1990, says IMF boss

Kristalina Georgieva says slowdown last year after Covid pandemic and Russian invasion of Ukraine could persist for five years

Evening Standard

Summer may still be chilly for the British economy

City Comment: Inflation and the direction of interest rates remain great unknowns, but the signs are not good

The New Daily

Telcos overtake social media as the most distrusted industry

The Australian telecommunications industry has reached a new low, becoming the most distrusted sector in the economy.

Caixin Global

Opinion: Connecting to the GRID of Forces Driving China’s Economy

Opportunities abound for private Chinese and foreign companies to capitalize on the country’s new growth strategy, despite widely perceived challenges

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Barchart

S&P Futures Muted as Investors Await Key U.S. Payrolls Data, Recession Fears Intensify

June S&P 500 futures (ESM23) are trending down -0.08% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession, while investor focus shifted to key Friday’s U.S.…

Barchart

S&P Futures Tick Lower as Recession Fears Intensify

June S&P 500 futures (ESM23) are trending down -0.22% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession.

Asharq Al-Awsat

Rouhani Calls for Referendum on Economy, Foreign, Domestic Policies

Former Iranian President Hasan Rouhani on Thursday called for free elections and a general referendum on foreign, domestic, and economic policies 332 days before the scheduled legislative elections. During his meeting with the ministers and senior officials of his former cabinet, Rouhani said that this year would be a test…

The Independent UK

Asian shares mostly fall amid worries about slowing economy

Asian shares are trading mostly lower as investors turn their attention to upcoming earnings reports and other economic indicators

Asharq Al-Awsat

Fitch Upgrades Saudi Arabia’s Economy to A+

Fitch ratings has upgraded Saudi Arabia’s Long-term foreign-currency issuer default rating (Idr) to ‘A+’ from ‘A’, with stable outlook. This reflects Saudi Arabia's strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal…

Reuters

New Zealand intelligence service says foreign interference attempts 'persistent'

Attempts by some countries to interfere with New Zealand's democracy, economy and civil society "are persistent", according to New Zealand Security Intelligence Service's (NZSIS) annual report.

France 24

South Africa lifts 'state of disaster' over power crisis

In tonight's edition: South Africa rolls back a state of disaster over a national power crisis, even though rolling blackouts are still crippling the country's economy. Also, the WTO says goods exports are declining in Africa even though the continent has absorbed the shocks from Covid and the war in…

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