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The Latest Breaking News from Economy

Andrew Bailey hits back at claims Bank of England too slow to raise interest rate

The shocking assessment of the economy has reset the backdrop for the Conservative leadership contest

Evening Standard

3 Under the Radar Penny Stocks to Buy Now

The Fed’s aggressive interest rate hikes and the economy's contraction for two consecutive quarters have increased the odds of a potential recession. Nevertheless, robust corporate earnings and some positive economic data have greatly supported the downside of the benchmark indexes lately. Therefore, we think it could be wise to invest…

StockNews.com

Meet the doomsayers: 5 who say US economy will keep shrinking

Only a minority of economists correctly predicted that the U.S. economy would contract last quarter. The number who expect it to keep shrinking in the current period is even smaller.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

The Hindu

Waiting for democracy in Jammu and Kashmir

The long haul back to stabilisation from a dangerous situation needs to begin; the first step is Assembly elections

The Hindu

RBA warns on inflation, downgrades growth

The central bank has released its quarterly Statement on Monetary policy, setting out new forecasts for the economy, labour market, wages and inflation.

AAP

2 Chinese Stocks to Buy on the Dip

China has endured a tough time due to rising COVID-19 cases and a slowing economy. However, as the economy opens up and the government provides ample support to drive growth, it could be wise to buy Chinese stocks FinVolution (FINV) and Viomi Technology (VIOT) on their dips. Let’s discuss….

StockNews.com

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Boris Johnson and Keir Starmer both on holiday as economy crumbles

BORIS Johnson has come under fire for being on holiday while the UK is forecast to go into recession amid rising interest rates and inflation.

The National (Scotland)

"Tory created cost of living crisis.” says MSP Natalie Don

MSP Natalie Don says that the UK Government have lost control of the economy

Daily Record

Liz Truss and Rishi Sunak tear into each other as Britain heads for recession

Both candidates to be the next Prime Minister questioned the other's approach as Labour warned that the Tories "have lost control of the economy"

Daily Mirror

Applications for US jobless claims up again last week

More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy

The Independent UK

'Final straw' warning for struggling hospitality sector as recession threat looms

SOARING interest rates could be the “final straw” for struggling hospitality businesses, industry leaders have warned as the UK economy faces a…

The National (Scotland)

UK faces long recession and deepest plunge in living standards on record, Bank of England warns

Country to enter recession this year and economy on course to shrink for five straight quarters

The Independent UK

Key WA businesses want more done to address state's chronic skilled worker shortages

Major West Australian businesses want barriers to migration dropped to boost the number of skilled workers able to enter the state.

ABC News

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The Independent UK

Asian shares rise on optimism on economic data, earnings

Asian shares are mostly higher as investors welcome encouraging economic data and quarterly earnings reports from big companies

The Guardian - UK

Bank of England hikes interest rates and warns UK to enter recession with inflation to pass 13% – as it happened

Interest rates rise to 1.75% – the biggest jump in 27 years – as BoE warns UK faces long recession as high gas prices hit households

Al Jazeera

Indonesia’s PayPal, Yahoo bans cast cloud over tech hub dream

Jakarta’s temporary blocking of websites highlights tension between desire to rein in internet and grow digital economy.

The Guardian - UK

Sunak, Truss and the Bank of England are lying to you – the UK economy is weak and rigged

Westminster is perpetrating the same scam as the rate-setters – bluffing that they can get the old economic machinery working like before, says Guardian columnist Aditya Chakrabortty

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news in one place.

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The Guardian - UK

Is Bank of England about to break precedent on interest rates?

Markets expect 0.5 percentage-point rise for first time since independence as inflation rises

Al Jazeera

Why China is not sanctioning Taiwan’s key chip industry

Beijing relies on self-ruled island’s semiconductors to keep its economy on track.

The Independent UK

Argentina's latest economy minister warns he is no magician

Argentina’s third economy minister in a month has been sworn in, and as his first order of business Sergio Massa is seeking to bring down sky-high expectations for his tackling of the country's economic woes

Bangkok Post

Policy rate rise expected

The meeting of the Bank of Thailand's Monetary Policy Committee (MPC) next week is expected to raise the policy rate by 0.50%, according to Pipat Luengnaruemitchai, chief economist of KKP Research under Kiatnakin Phatra Securities Public Co.

Bangkok Post

Land prices in Bangkok keep slowing

Prices of vacant land in Greater Bangkok are growing at a slower pace due to the sluggish economy and the full collection of the land and building tax, which started this year.

The Conversation

How the St. Lawrence Seaway will continue to become more important to Québec's economy

The St. Lawrence Seaway is made up of a broad network of interconnected infrastructures. Channels, canals, port facilities and fleets illustrate the connections between transportation equipment, industrial production and the artificial, human-made environment.

Benzinga

Stock Market Rally Continues Despite Repeated Fed Rate Hike Warnings

The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 3.2% in the past five days as investors seem to be taking an increasingly bullish tone toward the health of the U.S. economy, particularly on the inflation front.

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