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The Latest Breaking News from Economy

Fiscal deficit reined in, CAD a concern: Finance Ministry

“Inflation, trade deficit are key challenges”

The Hindu

Fed board member opens door to 1-point hike if demand rises

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed’s key short-term interest rate later this month if upcoming economic data points to robust consumer spending

The Independent UK

4 Penny Stocks to Target Following the Latest Jobs Report

June inflation rose at the fastest pace since November 1981. However, the latest job report presented a healthy picture of the economy. Thus, we think penny stocks Annexon (ANNX), Aprea Therapeutics (APRE), Yatsen (YSG), and Endo International (ENDP), which have been outperforming the market over the past month, could be…

StockNews.com

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"Tough times" to continue in UK economy, Bank of England deputy governor warns

Sir Dave Ramsden was speaking on a visit to Newcastle where he said it was the Bank's main priority to bring inflation down to 2%

Birmingham Post

Historic Midlothian castle hopes to build luxury camping pods in grounds

Hotel owners say the additional accommodation will help secure the future of the historic Category-A listed building as well as boosting the local economy

Edinburgh Live

Liz Truss: Who is the foreign secretary hoping to become Tory leader?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt

The Independent UK

Wholesale inflation in June surged 11.3% from a year ago

Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy

The Independent UK

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Russian war slowing growth and hiking inflation, European Commission warns

Body revises economic forecast and says outlook for EU and eurozone heavily dependent on course of war

The Guardian - UK

Inside Virgin’s new aircraft: Everything you need to know about the Airbus A330neo jet

The Airbus is putting Virgin in the same league as the Middle Eastern airlines.

Evening Standard

First Thing: Biden battered by inflation and low approval ratings

The economy, energy prices and upcoming midterms weigh heavily on the president during his Middle East trip. Plus, House committee argues Capitol attack was premeditated

The Guardian - UK

Economists: More rate hikes won't help

After June's inflation numbers, the Fed is likely to push rates higher — at the risk of sparking a recession

Salon

Russia's war in Ukraine 'greatest challenge' to global economy, says Yellen

BALI, Indonesia: Russia's war in Ukraine poses the greatest threat to the global economy, US Treasury Secretary Janet Yellen said Thursday as G20 ministers prepare to start talks in Indonesia.

Bangkok Post

UK leadership contender Truss pledges "upward trajectory" for economy by 2024

Foreign Secretary Liz Truss pledged to get the British economy on an "upward trajectory" by the time of the next national election in 2024 as she set out her pitch on Thursday to replace Boris Johnson as prime minister.

Reuters

Just transition needed ‘at pace’ amid cost of living crisis

New report warns that government must make changes to decarbonise Scotland’s economy

Insider UK

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The Independent UK

Russia's war to keep hitting EU economy, push up inflation

European Union expects Russia’s war in Ukraine to wreak havoc with the economic recovery for the foreseeable future through lower annual growth and record-high inflation

Tribune News Service

Commentary: Biden’s economy is steering us into recession

If you’re having trouble making it from paycheck to paycheck, you’re hardly alone. A majority of Americans tell pollsters they feel the economy is not in good shape and getting worse. People are now demonstrably poorer than when President Joe Biden took office. Although wages have risen, prices have risen…

The Conversation

Sri Lanka's crisis is not just about the economy, but a long history of discrimination against minority groups

Sri Lanka is in the grip of an economic, political and humanitarian crisis.

Evening Standard

FTSE 100 Live: JP Morgan earnings fall short, big US rates rise expected

Financial results from JP Morgan Chase and Morgan Stanley fell short of expectations as inflation and interest rate pressures hit the US economy.

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news in one place.

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The Guardian - US

Biden, on Middle East tour, is battered by inflation and low approval ratings at home

The sobering numbers, caused by high energy prices, will be top of the agenda as president visits the Middle East

The Guardian - UK

With tax cuts pledges galore, the Tories are out of touch with economic reality

Labour would never be allowed to get away with the fantastical rhetoric of these Conservative leadership contenders, says Guardian economics editor Larry Elliott

ABC News

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

Australia's official unemployment rate drops to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.

Bangkok Post

Subdued spending in second half

Most industry chiefs believe private consumption in the second half is expected to remain flat, limited by pressure from high energy prices and the prolonged pandemic.

Bangkok Post

Stay home with Kempinski

Sindhorn Kempinski Hotel Bangkok recently launched the Unique Escape Package where guests can enjoy a staycation in style and a chance to get away while still in the capital.

The Conversation

China's big tech problem: even in a state-managed economy, digital companies grow too powerful

China’s digital economy has advanced rapidly over the past two decades, with services, communications and commerce moving online.

The Independent UK

EXPLAINER: Why Iran cracks down at home, cozies up to Moscow

Backed into a corner by the West, Iran is ramping up uranium enrichment, clamping down on dissent over its worsening economy and deepening ties with Moscow

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