The Latest Breaking News from Economy

‘We in the west were blinded’: China crackdown on business has Maoist roots

‘Anti-spying’ raids on consulting firms and attacks on tech companies are being driven by party ideology, says academic Chris Marquis

The Guardian - UK · May 21, 2023

The west’s tightening of Russian sanctions is a sign of failure

The Kremlin is putting up stiffer economic resistance than the G7 anticipated

The Guardian - UK · May 21, 2023

Record UK migration surge set to expose government divisions

Data confirming a record surge in migration into the U.K. is expected to lay bare splits in the ruling Conservative Party and highlight the economy’s urgent demand for new workers.

Tribune News Service · May 21, 2023

Zelenskyy goes on diplomatic blitz to tighten screws on Russia

Ukraine leader’s visit to Hiroshima thrust the G7’s efforts to choke Russia’s economy to the top of a busy agenda.

Al Jazeera · May 20, 2023

US debt default threatens global chaos making 2008 recession 'look like tea party'

The US has raised its debt ceiling limit multiple times in the last decade up to $13.4 trillion but a deal must be struck before the end of the month to avoid default which could spark a terrible recession

Daily Mirror · May 20, 2023

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

Fortune · May 20, 2023

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

Fortune · May 20, 2023

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

The Hindu · May 20, 2023

Snub of tourism post ignites rancour

Tourism operators said they would be disappointed if tourism and sports minister is not on the wish lists of the two major political parties as has been speculated by the media, given that the sector is driving the local economy.

Bangkok Post · May 19, 2023

More than a dozen US states boast best job markets in their history

For all the talk of a slowdown in the US economy, more than a dozen U.S. states have the best job markets in their history.

Tribune News Service · May 19, 2023