The Latest Breaking News from Economy

WA faces challenging year ahead but economic outlook remains positive, according to new business report

Western Australia is well positioned to withstand a possible worldwide recession, according to the Chamber of Commerce and Industry WA's economic outlook report, but it warns the state still faces a tough 12 months.

ABC News · Mar 12, 2023

Twenty hours on a Qantas plane: is this the future of aviation or a fresh hell in economy?

Airline’s ultra long-haul flights are slated to begin in late 2025, but questions remain over the carbon footprint, price and effect on passengers’ bodies

The Guardian - AU · Mar 11, 2023

If the British economy can’t pay better wages, then it must shrink

Vacancies are high, but pay is not rising. Nor will the Bank of England allow it to. That means something else has to give

The Guardian - UK · Mar 11, 2023

Biden seeks to woo Brazil’s Lula with trade cooperation amid tensions over Ukraine

The United States and Brazil can work together to address the economic effects of the Russian invasion of Ukraine on energy supply and food production, U.S. Trade Representative Katherine Tai told The Miami Herald and el Nuevo Herald in an exclusive interview Friday following her trip to Brazil this week.

Miami Herald · Mar 11, 2023

‘A defeated person’: sidelined by Xi, China’s Li Keqiang bows out as premier

Hopes that Li would be a liberal reformer were curbed by Xi Jinping as the president became more and more powerful

The Guardian - UK · Mar 11, 2023

Starmer vows to devolve economic power to Wales

Wales would ‘take back control’ of its economy under his premiership, Sir Keir will tell Welsh Labour’s conference on Saturday.

The Independent UK · Mar 10, 2023

Rishi Sunak reflects on ‘great privilege’ of being Prime Minister

The Conservative Party leader inherited a damaged economy upon entering No 10 in October.

The Independent UK · Mar 10, 2023

Bleak economic view for Asia

Thailand and China are among the lone bright spots in Asia, projected to have higher real GDP growth this year even as the rest of the region is battered by unfavourable global economic conditions and geopolitical tensions, according to global trade insurer Atradius.

Bangkok Post · Mar 10, 2023

5 key takeaways from the February US jobs report

The American job market has once again confounded expectations

The Independent UK · Mar 10, 2023

March had 'crashy vibes' for the economy and it could mean a recession, BofA says

The Fed's goal of bringing down inflation without triggering a recession may have just gotten a lot harder.

Fortune · Mar 10, 2023