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The Latest Breaking News from Economy

France's Macron under fire over Uber contacts as minister

French President Emmanuel Macron came under pressure on Monday from opposition politicians over his reported links with ride-hailing company Uber Technologies during his years as economy minister.

Reuters

Around $2 Million Bet On This Stock? 4 Penny Stocks Insiders are Buying

The US economy added 372,000 payrolls in June, following a revised 384,000 growth in May. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Biden tells demonstrators to ‘keep protesting’ as poll shows economy still trumps abortion

The president is considering declaring a public health emergency on abortion.

The Independent UK

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Biden is trying to rebuild America’s middle class. Our lopsided economy needs it

The Republican promise is to cut taxes and regulation. But the numbers show just how badly that argument has failed

The Guardian - US

Macron under pressure to explain 'secret deals' with US taxi company Uber

Opposition deputies have called for an enquiry into French President Emmanuel Macron's past support for online transport giant Uber when he worked for a socialist government. This follows media revelations accusing the former economy minister of making "secret deals" to bend legislative rules.

Radio France Internationale

Petrol price hike, raising power tariffs: What Pakistan needs to do to obtain IMF loan

NEW DELHI: The economic crisis in Pakistan has posed severe challenges for the government as it grapples with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

The Times of India

Macron’s government survives no-confidence vote in parliament

French Prime Minister Élisabeth Borne survived her first no-confidence vote in parliament on Monday sponsored by the hard-left opposition. The vote came as President Emmanuel Macron was under pressure to explain allegations of his past support for taxi app Uber while he was economy minister.

France 24

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Analysis-Tax-cut talk in UK leadership race adds to inflation angst

Promises of tax cuts from candidates to succeed British Prime Minister Boris Johnson pose another inflationary risk which could pressure the Bank of England to raise interest rates more aggressively, cancelling out any potential boost to the economy.

Reuters

Survey: 4 top tips to protect your portfolio against a recession

With stocks plummeting and interest rates rising, many investors expect a recession in the near future. So how can you prepare your portfolio for a possible downturn?

Tribune News Service

China lockdown worries hit stocks; Uber and Twitter shares fall; Wizz Air to cut more flights – as it happened

Shares hit as China try to quell resurgent Covid-19 outbreaks, while shares in Twitter drop after Musk tries to cancel takeover, and Uber is hit by leak

The Guardian - UK

Aslef boss Mick Whelan: ‘There’s no cost to the economy in running rail properly’

Head of train drivers’ union takes pride in calling very few strikes – but enough is enough, he says

The Guardian - UK

The Uber files tell a simple truth: democracy depends on curbing mercenary tech giants

These revelations reveal the political credulity and negligence surrounding the growing power of Silicon Valley, says Guardian columnist Rafael Behr

The Guardian - UK

Welsh private sector continues to grow despite record price hikes shows latest NatWest research

Rate of growth has slowed attributed to rising costs across the private sector economy

Birmingham Post

SCB X weighs options for $1.5bn asset management unit

SCB X Plc is considering options including a sale of its asset management unit, people familiar with the matter said, amid growing industry consolidation in Southeast Asia’s second-largest economy.

Bangkok Post

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Wales Online

Watchdog warns UK households will be £1,200 worse off in 2023

The Office for Budgetary Responsibility, which gives independent analysis of the UK’s public finances, says that many threats to the economy remain

Bangkok Post

Nature's healing power

The Covid-19 pandemic has impacted not only the physical health and economy of millions of people around the world but also has disrupted their mental health in a significant manner. As the world cautiously reopens to travel, Thailand has become a destination of choice for numerous tourists as travel restrictions…

Bangkok Post

KTAM keen on Vietnam stock market

Krungthai Asset Management (KTAM) recommends investing in the Vietnamese stock market, citing its high growth prospects supported by China's reopening and laggard prices.

Bristol Post

UK families look set to be £1,200 poorer next year

It comes as household bills skyrocket, with energy prices soaring and yet another price hike cap this October

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The Guardian - UK

Emmanuel Macron secretly aided Uber lobbying drive in France, leak reveals

Leaked messages show then French economy minister told Uber executives he had brokered secret ‘deal’

The Guardian - UK

What cost of living crisis? Tory hopefuls’ fuss over tax cuts is devoid of reality

Candidates’ focus on reducing tax would throw petrol on the inflationary fire and turbocharge inequality

The Independent UK

Sri Lanka crisis: Why the country’s economy collapsed and what’s next?

Sri Lanka’s departing prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel

Daily Mirror

Bitter Tory economy row with nine PM contenders split over tax cuts - what each will do

There are mounting fears that the cost-of-living crisis could tip the UK into recession, as defined by two quarters in a row of falling output, as rocketing inflation sees households and businesses rein in spending...

The National (Scotland)

Independence day is time to reflect on Scotland's colonial legacy in Malawi

ON July 6, 1964 the Protectorate of Nyasaland became independent, renaming itself Malawi.

The Guardian - UK

Why be a poor version of Germany instead of doing what we do best?

Manufacturing is not our forte. But we are world beaters in services. Success will prove elusive until we recognise that

The Guardian - UK

Brexit legacy is just the start of incoming PM’s problems as cost of living crisis spirals

Boris Johnson’s government offered too little too late, and now trade, social care, and the economy are paying the price

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