The Latest Breaking News from Economy

London offers a ray of hope in our gloomy economy

City comment: London will be a major contributor to the levelling-up the Government is so keen to achieve

Evening Standard · May 25, 2023

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Barchart · May 25, 2023

Millennials and Gen Z say the economy is preventing them from becoming financially independent adults

Most Gen Z and millennials say the state of the economy is “hurting their ability to be a financially independent adult," finds a new Experian survey.

Fortune · May 25, 2023

German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

The Guardian - UK · May 25, 2023

German economy goes into recession as GDP shrinks by 0.3% in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

The Times of India · May 25, 2023

German economy minister's office receives envelope with white powder

German Economy Minister Robert Habeck's constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police operation.

Reuters · May 25, 2023

Singapore economy beats estimates as government warns of risks

Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.

Al Jazeera · May 25, 2023

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India · May 25, 2023

Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov

Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.

Reuters · May 25, 2023

Mexican president ramps up rhetoric, economic intervention as election nears

Mexican President Andres Manuel Lopez Obrador's increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year.

Reuters · May 24, 2023