The Latest Breaking News from Economy

Has Rishi Sunak been taking honesty lessons from Boris Johnson?

The speaker had to step in after the PM’s claims about the economy stretched the credulity of at least one member at PMQ

The Guardian - UK · Jun 21, 2023

Markets Doubt FOMC Will Follow Through on its Forecast for +50 bp Rate Hike

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

Barchart · Jun 21, 2023

OPINION - The problem: Britain’s economy cannot grow without generating inflation

“I ask the court to judge which is worse,” urges the handsome but painfully earnest Dylan McDermott. “A lie that draws a smile or a truth that draws a tear?” This rhetorical flourish is problematic even by Hollywood’s standards, given that Kris Kringle’s lawyer in Miracle on 34th Street appears…

Evening Standard · Jun 21, 2023

You might lose your millennial and Gen Z employees in coming months—here's why

A recent survey from PwC finds employees are looking for new opportunities despite the precarious economy.

Fortune · Jun 21, 2023

Slater unable to say if SNIB cash given to DRS administrator will be returned

National investment bank chair admits that the whole £9m investment could be lost as a result of Circularity Scotland going bust

Insider UK · Jun 21, 2023

What the Reddit Revolt Means for Social Media in an AI Era

The blackout reflects the deep tensions threatening the internet economy.

Businessweek · Jun 21, 2023

Stock market today: Asian shares mostly lower, tracking Wall Street retreat

Shares are mostly lower in Asia after Wall Street benchmarks retreated following the S&P 500's rise to its highest level since the spring of last year

The Independent UK · Jun 21, 2023

Commentary: The debt ceiling deal was not perfect, but it was far better than a default

I was one of 165 Democrats to vote yes for the Fiscal Responsibility Act, which ultimately passed the House earlier this month in an overwhelmingly bipartisan 314-117 vote. Raising the debt ceiling saved the U.S. economy from potential catastrophe. Democrats faced a Hobson’s choice or the illusion that multiple choices…

Chicago Tribune · Jun 21, 2023

Green hydrogen could be a game changer by displacing fossil fuels – we just need the price to come down

As the global economy moves away from fossil fuels, green hydrogen could be critical to achieving a zero-carbon world by 2050.

The Conversation · Jun 21, 2023

World Expo 2030 sees battling bids from cities in Saudi Arabia, Italy, South Korea

Cities in Saudi Arabia, Italy and South Korea are vying for the chance to host the 2030 World Expo, or world's fair

The Independent UK · Jun 20, 2023