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The Latest Breaking News from Economy

WH economic report: Money for child care would help growth

The White House is making the case for more government support for child care programs in an economic report being released Monday

The Independent UK

Banking turmoil questions answered: What it means for you, your mortgage and your pension

Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008

Daily Mirror

The issue that is energising Hunter voters ahead of the state election

The impact of energy transition on the Hunter's economy is weighing heavily on the minds of the region's voters heading into this weekend's election, new polling shows.

Newcastle Herald

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Cuts to cycling and walking budget in England ‘will cost £2bn in long term’

Exclusive: Labour estimates huge impact on public health and wider economy from halving active travel budget

The Guardian - UK

Elizabeth Warren says Jerome Powell has 'failed' at both of his jobs and shouldn't be Fed chair

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

Fortune

Will the Credit Suisse bank takeover calm financial fears?

Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy

The Independent UK

Macron’s reform dilemma: progress or popularity?

The French economy has made significant strides under Emmanuel Macron, but the need for political consensus and restoring social cohesion is an urgent challenge, argues Oliver Hartwich

Newsroom.co.nz

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Indians acquire 100 patents for 6G technology

India is making significant strides with 5G technology, according to Ashwini Vaishnaw, IT and Telecom Minister of India.

TechRadar

Opinion: What China Can Learn From SVB’s Collapse

The U.S. response to Silicon Valley Bank’s failure can offer valuable insights to China’s banking industry, an economist says

Caixin Global

Martin Lewis warns food bills may never drop down to what they were

Cost of living rocketed across UK during 2021 and 2022, with inflation still extraordinarily high

The Independent UK

Editorial: Openness and the Private Sector — Charting a Path Forward

A shift to development model that focuses on quality requires a renewed emphasis on technological innovation, the establishment of modern industrial systems, and the pursuit of sustainable, eco-friendly growth

Caixin Global

Cambridge University’s economic contribution ‘four times that of Premier League’

Analysis of economic impact found the university adds nearly £30 billion to the UK economy every year.

The Independent UK

Wales’ business community remains hopeful despite economic pressures

Many issues facing firms are global in nature, but some areas need action at a Welsh or UK level

Birmingham Post

Why our economy is too important to leave to the experts

It's time to democratise economics and demand an economy that works for people and the planet, argues Catherine Knight

Newsroom.co.nz

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The Guardian - UK

Slash interest rates and stop bond sales, ex-policymaker tells Bank of England

Exclusive: David Blanchflower urges rethink after collapse of Silicon Valley Bank and lifeline thrown to Credit Suisse

Asharq Al-Awsat

Rating Agencies Raise Saudi Economy Rating with Positive Outlook

Rating agencies have upgraded the Saudi economy to a “positive” and stable outlook. They affirmed that the structural reforms have been reflected in the tangible progress in economic development and the support of diversification policies, especially in the non-oil sector. S&P Global Ratings upgraded its credit report for Saudi Arabia,…

Asharq Al-Awsat

Lebanese Juggle Dizzying Rates for Devalued Pound

When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiraling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon's economy continues to collapse, an…

The Guardian - UK

If it’s growth the chancellor wants, here’s one suggestion: rejoin the EU

Jeremy Hunt says the economy is his priority; but it and he are still really in thrall to the ideological blight of Brexit

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The National (Scotland)

Alcohol industry 'trying to obstruct public health policy' like adverts ban

INDUSTRY claims about the damage curbs on alcohol marketing would do to the economy and businesses in Scotland should be treated with a “healthy…

The Guardian - UK

Interest rate rises in doubt as fear of new global crisis rattles central banks

Concern about trouble in finance sector, plus renewed momentum in UK economy, could halt rises City analysts thought were a certainty

The Independent UK

Tear down trade barriers with Europe, says Davey

The Lib Dem leader will say Britain must rebuild relations with Brussels if the economy is to prosper.

Bangkok Post

Wage hikes could harm economy

Political parties are being urged to stop wooing voters by promising them unrealistic leaps in daily minimum wage rates which many experts warn will do more harm than good to the country's economic system.

Evening Standard

Jeremy Hunt’s budget fails to move voters as Labour retains election lead in latest poll

Voters remain unmoved by Jeremy Hunt’s budget with the Conservatives staying stuck on 29% while Labour keeps a 15% lead in the latest poll.

The New Daily

Airliner innovations that aim to make the skies comfy and green

From actual beds to more comfort in Economy, the best innovations in air travel could shape a more sustainable and accessible future.

Fortune

Silicon Valley’s hubris nearly ruined the U.S. economy

Tech thought it was exceptional. Maybe it was all wishful thinking.

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