The Latest Breaking News from Economy

Baerbock warns Europe against turning blind eye to tensions over Taiwan

Europe must not turn a blind eye to tensions between China and Taiwan because a military escalation in the region would be a "worst-case scenario" for the global economy, German Foreign Minister Annalena Baerbock said on Thursday.

Reuters · Apr 13, 2023

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24 · Apr 13, 2023

US wholesale inflation pressures eased sharply last month

U.S. wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates

The Independent UK · Apr 13, 2023

Jordan Stuart of Federated Hermes: Tips to navigate volatility

Jordan Stuart, a client portfolio manager at global asset manager Federated Hermes, has some tips to help investors navigate the current volatility.

Fortune · Apr 13, 2023

S&P Futures Tick Higher Ahead of Key U.S. PPI Data

June S&P 500 futures (ESM23) are trending up +0.12% this morning after three major U.S. benchmark indices ended the regular session in the red as market participants weighed recession risk following the minutes of the Fed’s March policy meeting while also awaiting crucial U.S. PPI data.

Barchart · Apr 13, 2023

Commentary: Administrative fix for statelessness would help the economy

Until recently I managed eight gas stations in the Washington, D.C., area, seven days a week. I'm a classic example of this country's reliance on labor by people from elsewhere. For more than 20 years I worked 13-hour days and would cover shifts whenever somebody called in sick. Double shifts…

Tribune News Service · Apr 13, 2023

EU adds Russia's Wagner mercenary group to sanctions list

The European Union on Thursday added Russia's Wagner mercenary group to its sanctions list for "actively participating in the Russian war of aggression against Ukraine" as US authorities made an arrest in connection with the leak of confidential documents. Follow our blog to see how the day's events unfolded. All…

France 24 · Apr 13, 2023

UK economy flatlined in February amid impact of strikes

Wave of public sector strikes and weak industrial output take toll, official figures show

The Guardian - UK · Apr 13, 2023

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

Insider UK · Apr 13, 2023

UK’s economy flatlined in February as teachers’ strikes drag on growth

Analysts expected GDP to grow by 0.1 per cent in February

The Independent UK · Apr 13, 2023