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The Latest Breaking News from Economy

Banning Chinese Products in the Name of 'National Security' Could Have Disastrous Consequences

It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.

Reason · Mar 23, 2023

Bishop Auckland Stack set to open next spring after plans given go-ahead

Work is expected to start on the site at Newgate Street immediately and will be a permanent building rather than shipping container structure

Chronicle Live · Mar 23, 2023

Bank of England raises interest rates to 4.25%

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Al Jazeera · Mar 23, 2023

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2 Stocks to Sell Short in 2023

Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.

StockNews.com · Mar 23, 2023

Regulator backs local banks to ride out global storm

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

AAP · Mar 23, 2023

Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

The Conversation · Mar 23, 2023

2 Best Oil and Gas Stocks for Investors to Buy Today

The soaring global oil demand, especially driven by the Chinese economy, and constrained supplies have created enduring tailwinds for the energy sector. Given this backdrop, quality oil and gas stocks Marathon Petroleum (MPC) and Valero Energy (VLO) could be solid buys now. Read on….

StockNews.com · Mar 23, 2023

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2 Cannabis Stocks to Think Twice About Before Buying

The cannabis industry has been facing several economic and regulatory challenges. Demand has also slowed amid a glut in supply. With the Fed unlikely to stop interest rate hikes, the economy could enter a recession this year. Amid this backdrop, it could be wise to avoid fundamentally weak cannabis stocks…

StockNews.com · Mar 23, 2023

Ex-Thorntons CEO gets planning for £6m addition to Derbyshire marina

New Promenade building at Mercia Marina will have 14 apartments above seven ground floor retail units

Birmingham Post · Mar 23, 2023

Glasgow needs to lead 'fourth industrial revolution' to tackle climate change

The city is being awarded a share of £100m from the UK Government's levelling up fund and City Leader Susan Aitken said Glasgow's "innovation economy" could help transform the city.

Glasgow Live · Mar 23, 2023

Three years since lockdown began: how Britain changed

The UK’s first national lockdown was introduced on 23 March 2020 in an attempt to reduce the spread of the deadly Covid-19 virus.

The Week · Mar 23, 2023

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

The Guardian - UK · Mar 23, 2023

Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Insider UK · Mar 23, 2023

Two freeports in Wales “double boost” for Welsh economy, say business groups

The Port of Holyhead and the Ports of Milford Haven and Port Talbot under the Celtic Freeport bid will become freeport zones

Birmingham Post · Mar 23, 2023

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Newcastle Herald · Mar 23, 2023

Transport, cost of living and cannabis: Hunter candidates share their top priorities

The Herald asked all candidates in the Hunter's nine seats what their top three priorities were ahead of the NSW election.

WEKU · Mar 23, 2023

The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

WEKU · Mar 23, 2023

Teetering banks put Biden between a bailout and a hard place ahead of the 2024 race

Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.

Fortune · Mar 23, 2023

Bill Ackman says U.S. economy risks heading into a 'train wreck'

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

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IT Pro · Mar 23, 2023

Nine ways small businesses can reduce IT costs

The economy has been in turbulence for many months, and a combination of global conditions and domestic policies will have extended these conditions well into 2023 and likely beyond. Although it’s looking less likely the UK will suffer a technical recession this year, the economy is still set to contract.…

The Independent UK · Mar 23, 2023

Eager young Albanians risk everything for new future in UK

Thousands of young Albanians have crossed the English Channel in recent years to seek a new life in the U.K. Their dangerous journey in small boats or inflatable dinghies reflects Albania's anemic economy and a younger generation’s longing for fresh opportunities

Asharq Al-Awsat · Mar 23, 2023

France and Germany Tensions Loom over EU Leaders' Summit in Brussels

A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday. A row erupted between two of the European Union's biggest economies after Berlin upset some of its partners, notably…

The Conversation · Mar 23, 2023

Politics with Michelle Grattan: Michael Brennan on Australia's parlous productivity growth

The Productivity Commission’s nine-volume report has a tough central message. It says productivity policy has to focus on the areas that have proven the hardest in the past, rather than those where previously progress has been most readily achieved.

The Independent UK · Mar 23, 2023

Biden approval dips near lowest point: AP-NORC poll

Approval of President Joe Biden has dipped slightly since a month ago to 38%

Chicago Sun-Times · Mar 23, 2023

Federal Reserve raises key rate by quarter-point despite banking industry turmoil

Fed Chairman Jerome Powell seeks to reassure Americans that their money was safe after the failure of Silicon Valley Bank, Signature Bank as the Fed continues to fight inflation.

France 24 · Mar 23, 2023

US raises interest rates despite troubles in banking industry

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

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