The Latest Breaking News from Economy

U.S. workforce data is behind the times. It's time to measure what matters most to the American people

Statistics can make even the most precarious jobs look like success stories if it only takes quantity into account and ignores job quality.

Fortune · Jun 12, 2023

Gig economy workers are to get better EU protections – creating an awkward choice for Rishi Sunak

Workers for online operators like Deliveroo and Uber are in line for sweeping new rights and protections within the EU after ministers met in Luxembourg to thrash out proposals. The resulting agreement on proposed rights for platform workers that have huge implications for the gig economy and put pressure on…

The Conversation · Jun 12, 2023

OPINION - Labour’s toughest test is: what does the Left do when there’s no money?

There is a formula to winning general elections. If your leader outperforms his or her principal rival and your party leads on the economy, you are going to win. There is no example, since records began, of a party which led on those two measures and then went on to…

Evening Standard · Jun 12, 2023

HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business

'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'

Birmingham Post · Jun 12, 2023

Larry Summers warns U.S. economy is still ‘very, very hot' with 'pockets of distress' in commercial real estate

The U.S. is "an underlying 4.5-5% inflation country,” said Summers, a few days ahead of Tuesday's inflation report.

Fortune · Jun 12, 2023

The U.S. dollar conquered the world. Is it at risk of losing its top spot?

The dollar has helped make the U.S. the most economically powerful country for most of the last century, but other countries – including rivals like China – have the greenback on their sights.

WEKU · Jun 12, 2023

Ex-Samsung exec accused of building copycat chip plant in China

A former Samsung Electronics Co executive allegedly stole blueprints and designs to try and replicate an entire semiconductor plant in China, Korean prosecutors said in outlining an unusual attempt to establish world-class chipmaking capabilities in the world’s No 2 economy.

Bangkok Post · Jun 12, 2023

Dumfries and Galloway councillors push back on £45 million Ladyfield "care campus" plans

Members of the economy and resources committee voted to take “no further, proactive work” over the masterplan at this time

Daily Record · Jun 12, 2023

Need to develop new techniques to audit 'Blue Economy': CAG Girish Chandra Murmu

Comptroller and Auditor General of India (CAG) Girish Chandra Murmu on June 12 said that Supreme Audit Institutions should develop new techniques and capabilities to audit marine life or the Blue Economy to ensure sustainable development.

The Hindu · Jun 12, 2023

Economic growth to pick up but risks to recovery ‘elevated’, say UK forecasts

Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMG

The Guardian - UK · Jun 11, 2023