The Latest Breaking News from Economy

Nigeria's new President Tinubu promises economic reboot

Nigeria's new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to investment, create jobs and unify the exchange rate, while also tackling rampant insecurity.

Reuters · May 29, 2023

Closing gender pay gap will boost growth, Labour says

Opposition says economy needs to ‘work for working women’ if they are to return to employment

The Independent UK · May 29, 2023

Thai economy resilient, on path to full recovery: Arkhom

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, the finance minister said on Monday.

Bangkok Post · May 29, 2023

France in 'close discussions' with agency over debt rating

France is in "very close talks" with debt rating agency Standard and Poor's, Prime Minister Elisabeth Borne said Sunday, after a downgrade from rival Fitch reignited government finance concerns in the EU's second-largest economy.

Radio France Internationale · May 28, 2023

Terrible week for Sunak and Hunt puts election victory all but out of reach

Praise from the IMF and optimism on inflation have given way to echoes of last autumn’s turmoil

The Guardian - UK · May 28, 2023

Nigeria's Buhari defends election outcome, economic record

Nigeria's President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor.

Reuters · May 28, 2023

The Observer view on Britain’s economy: it is very sick, but there are remedies

Austerity, Brexit and catastrophic fiscal decisions have inflicted long-term damage to Britain’s productive capacity. Labour is offering the renewal it so badly needs

The Guardian - UK · May 28, 2023

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Al Jazeera · May 28, 2023

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

Reuters · May 28, 2023

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

The New Daily · May 28, 2023