The Latest Breaking News from Economy

Economy perks added on long Qantas flights

Qantas economy passengers flying 22 hours direct to London and New York will have extra leg room and access to a wellness zone so they can move around on board.

The New Daily · Jun 15, 2023

US says price caps on Russia's oil are cutting revenue nearly in half and weakening its economy

When the Group of Seven nations, the European Union and Australia last year announced a plan to cap the price of Russian oil, U.S. officials said it would deliver a most effective blow to Russia’s economy, undermining its greatest revenue source

The Independent UK · Jun 15, 2023

There won’t be a true recession anytime soon—but a ‘growth recession’ is still on the menu next year, BofA warns

Bank of America's chief economist Michael Gapen revised his recession forecast again this week, citing strength in the labor market—but he says a "growth recession" is still coming in 2024.

Fortune · Jun 15, 2023

What Options Volume for Sprouts Farmers Market (SFM) Might Be Saying About the Economy

Although Sprouts Farmers Market makes plenty of sense in this challenging economy, recent unusual options volume presents a nuanced angle for SFM stock.

Barchart · Jun 15, 2023

Women can benefit in a big way from care services sector, says Smriti Irani

The G20 Summit should focus on developing a care economy and eliminate bias against women in technology and related sectors, said Smriti Irani, Union Minister for Women and Child Development

The Hindu · Jun 15, 2023

Immigration key to Australia avoiding a recession, unlike NZ

If Australia is lurching towards a recession like the one neighbouring New Zealand is now suffering, there were few signs of it on Thursday.

The New Daily · Jun 15, 2023

Edinburgh holiday flats 'contribute less to the economy than residential homes'

A report to the council found that Short Term Lets were not as valuable to the city as residential homes.

Edinburgh Live · Jun 15, 2023

Deutsche Bank puts U.S. recession chances near 100%—avoiding hard landing “unprecedented”

Output is expected to contract as early as October and continue shrinking during the all-important election year, making it the worst performing economy among G7 nations in 2024.

Fortune · Jun 15, 2023

The Fed grows confident its Goldilocks economy might come true

The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.

Axios · Jun 15, 2023

New Zealand falls into recession as high interest rates bite

Gross domestic product fell by 0.1% in the March quarter, following a revised 0.7% fall in the previous quarter, Statistics New Zealand said

Evening Standard · Jun 15, 2023