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The Latest Breaking News from Economy

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

Fortune

Legendary investor Mark Mobius expects more interest rate hikes but thinks the economy will do well anyway

He thinks that the U.S. money supply and government-led infrastructure spending will keep the economy robust.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Fortune

From analysis to the latest developments in health,
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Tractor sales: a warning sign for rural recession

Economists consider sales of tractors and other machinery an economic bellwether, so a big fall is a worrying indicator.

Newsroom.co.nz

UK DPDI bill seeks to reform GDPR - here's what you need to know

While it has the potential to save billions to the UK economy, civil societies warn the DPDI "will seriously weaken data protection rights in the UK."

TechRadar

Scotland's business community reacts to Humza Yousaf win

Scotland's business community has reacted to the news that Humza Yousaf has won the SNP leadership election...

The National (Scotland)

Israel 'on fire' as protesters light bonfires and flights cancelled in country

The strike by the Histadrut umbrella group, which represents nearly 800,000 workers in health, transit and banking, among many other fields, could paralyse large parts of Israel's economy

Daily Mirror

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Germany at a standstill as huge strike halts planes and trains

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe's biggest economy as soaring inflation stokes wage demands.

Reuters

El Paso charter fight tests whether a Texas city will move away from fossil fuels

As global efforts to combat climate change falter, climate activists have turned to local initiatives to rein in carbon emissions. A May vote on a city charter amendment has thrust El Paso into the fray.

The Texas Tribune

A steel plant ready for war shows hit to Ukraine's economy

The damage to Ukraine’s metal industry has crippled a lucrative sector and key employer needed to support an economy cratered by war

The Independent UK

Taiwan welcomes Czech delegation after Honduras shifts allegiance to China

Taiwan President Tsai Ing-wen, seeking closer ties with Western democracies in the face of Chinese pressure, welcomed a large Czech delegation to the island on Monday, a boost for Taipei after once-loyal ally Honduras switched allegiance to Beijing.

Reuters

New SNP leader must ‘pick up the pieces’ of Sturgeon’s ‘woeful record’ – Labour

The next leader of the SNP will be announced in Edinburgh on Monday afternoon.

The Independent UK

The Fed Speaks- Inflation Remains the Enemy

The U.S. central bank remains unphased by the recent upheaval in the banking sector as it continues to battle inflation by tightening credit. The Fed allowed inflationary pressure to mount in 2021, waiting too long to boost interest rates, pushing inflation to the highest level in four decades. In 2023,…

Barchart

Pheu Thai eyes economic posts

The Pheu Thai Party has vowed to take charge of all ministries that handle economic affairs to carry out its campaign policies if it is elected to lead the government after the next election.

Bangkok Post

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The National (Scotland)

European economists call for Scots to bring 'rebel' spirit to major issues

FRENCH and Icelandic economists have both called for the “rebel” characteristic of Scots to emerge to face the climate crisis and economy.

The Guardian - UK

IMF chief warns global financial stability at risk from banking turmoil

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

Fortune

Americans don't assume moms will stay home with their kids, but the gender pay gap, motherhood penalty, and childcare crisis makes it hard for them to keep working

A lack of childcare is keeping parents out of the workforce. But what's driving the conversations around who stays home with the kids?

Wales Online

UK's economy 4% smaller because of Brexit

Effect of leaving the EU is on the 'magnitude' of the coronavirus pandemic and rising energy prices

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The Independent UK

Brexit damage as big as Covid, says OBR – predicting five years before incomes recover

UK seeing ‘biggest squeeze on living standards’ on record, says head of fiscal watchdog

The National (Scotland)

Scotonomics day two: Activists, community, and central banks

ACROSS two venues in Dundee, Scotonomics provided attendees with fifteen sessions on day two.

The Guardian - UK

So things are getting better – but it’s no thanks to the Bank of England

Governor Andrew Bailey has had to accept that the economy is resilient, but he’ll still find reasons to keep interest rates high

France 24

Small businesses in Lebanon struggle to stay afloat amid lira’s endless fall

Lebanon's ongoing economic crisis has left countless individuals and businesses to adapt to the harsh realities of the collapsing economy. FRANCE 24 met with Pierre, an officer in one of the state's security agencies, and Houssam, the owner of a trendy café in Beirut, who explain the challenges to sustaining…

Asharq Al-Awsat

Official: Foundation of China's Economic Recovery not Solid Enough

The foundation of China's economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems. Some countries have to play a balancing act as they try to stabilize their economies, prices and financial markets, said Han Wenxiu, deputy…

Fortune

Why keeping Bitcoin mining in the U.S. helps the economy, national security, and even the environment

Bitcoin mining is going to happen. It's best to have it happen it here.

The National (Scotland)

Economics of independence 'far less important' than politics, says economist

ECONOMICS is "far less important" when considering questions like Scottish independence than politics, a professor of the subject has said.

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