The Latest Breaking News from Economy

Myanmar economy to remain "severely diminished" amid conflict -World Bank

Myanmar's economic growth remains "severely diminished" and GDP is expected to increase just 3% in the fiscal year to September, the World Bank said on Friday, as the country remains embroiled in conflict two years after the military seized power in a coup.

Reuters · Mar 31, 2023

UK agrees to join trans-Pacific trade partnership

Critics say the impact will be limited, with official estimates suggesting it will add less than 1% to UK GDP

Evening Standard · Mar 31, 2023

Accidents on Chinese projects are rampant, but why does Indonesia's economy still depend on China?

Chinese investment in Indonesia has been under the spotlight again this year, after a deadly riot at a nickel processing and refining plant of PT Gunbuster Nickel Industry (GNI) in North Morowali, Central Sulawesi. One Chinese and one Indonesian worker died in the incident. The company belongs to China-based Jiangsu…

The Conversation · Mar 31, 2023

'Strip away the packaging and the Prime Minister is selling an empty box'

The scheme as sold by Rishi Sunak was a chance to “power up Britain” by building a green economy, but many of the measures have been previously announced

Daily Mirror · Mar 30, 2023

Stocks could surge 14% by the end of the year—oddly, with help from the bank crisis

The economy and inflation could slow without the need for many more interest rate hikes—and it would be good news for stocks.

Fortune · Mar 30, 2023

Federal government backs wage increase for lowest-paid workers in line with inflation

The federal government has backed a wage rise for the nation's lowest paid workers in line with inflation, arguing they should not see their real wages go backwards.

ABC News · Mar 30, 2023

Putin can’t handle the truth: Why American journalist Evan Gershkovich, who was abducted for revealing Russia's economic collapse, must be freed

By prosecuting an American journalist, Putin has crossed a line that even he had never crossed before–and every bloodthirsty despot will be watching.

Fortune · Mar 30, 2023

Does carbon capture and storage hype delay emissions cuts? Here's what research shows

Is carbon dioxide capture and storage (CCS) an important tool for slowing climate change, or merely a way to justify the continued extraction and burning of fossil fuels? I’m a social scientist who studies the politics of environmental technology and I have given this question a lot of thought.

The Conversation · Mar 30, 2023

Skyrocketing Lululemon (LULU) Presents Opportunities and Risks

Fundamentally, Lululemon’s strong Q4 earnings beat bodes well for the consumer economy but not everyone is convinced that LULU stock will charge higher.

Barchart · Mar 30, 2023

London hiring approaches lowest level since 2020, but employers remain hopeful for future

“The economy may be stalling, but the capital’s firms are looking forward to the future”

Evening Standard · Mar 30, 2023