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The Latest Breaking News from Economy

Galloway national park could be a "game changer" for region's economy

The process for creating a third national park in Scotland is under way with the issue debated at the Scottish Parliament on Tuesday

Daily Record

Petrol retailers told not to rip off motorists as price at the pumps soars above £100-a-tank

Michael Gove said an ‘eagle eye’ would be kept on garages to ensure they are not making ‘excess profits’

Evening Standard

Goldman, Nomura see Thailand embarking on rate-hike cycle

The Bank of Thailand (BoT) is set to raise rates from August to quell persistently high inflation, according to analysts, ending a three-year long easy monetary policy stance to shield the Covid-19 pandemic-hit economy.

Bangkok Post

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Peel Hunt feels the pain as flotation market sinks

The extent of the strife in the City was laid bare today when investment bank Peel Hunt reported a crash in profits as company floats dry up and clients fret about the global economy.

Evening Standard

Russia-Ukraine war: List of key events, day 106

As the Russia-Ukraine war enters its 106th day, we take a look at the main developments.

Al Jazeera

Big Blockchain Conference Is Back

Istanbul event in July will feature major players and tackle the biggest issues in the crypto world.

Zenger

Russia is only country set for worse economic growth than UK

Inflation in UK is also set to hit 10 per cent according to several reports

Bristol Post

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Cost of filling petrol car hits £100 in ‘truly dark day’ for drivers; ECB plans July rate rise – as it happened

UK fuel prices keep climbing and European Central Bank signals end of ultra-loose monetary policy

The Guardian - UK

UAE Cabinet Inaugurates New Era Under Mohammed Bin Zayed’s Vision

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed Wednesday that the UAE begins a new era of prosperity and growth under the leadership of the new President. The PM spoke during the first cabinet meeting held after the election of Sheikh Mohammed bin…

Asharq Al-Awsat

Morning Digest | Indian economy well placed to deal with challenges, says RBI Governor; Iran says it’s ‘Satisfied’ with action against BJP spokespersons, and more

A select list of stories to read before you start your day

The Hindu

Global supply chain crisis fuels push to local manufacturing as China’s appeal dims

Analysis: US to examine with fresh urgency easing reliance on China as pandemic disruptions expose global economic vulnerabilities

The Guardian - AU

Economic growth set to 'grind to a halt'

Warning of inflation reaching 10% in final quarter of year

Wales Online

Latest Ukraine updates: Putin likens himself to Peter the Great

Ukraine news from June 9: President speaks of Russia’s need to ‘take back [territory] and defend itself’.

Al Jazeera

In another reset, PM Johnson pitches plan for UK economy, housing

Prime Minister Boris Johnson told Britons on Thursday he was "on your side", vowing to build a high-growth, low-tax economy where everyone could buy their own home, in his latest attempt at a reset after surviving a major revolt against his leadership.

Reuters

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The Guardian - UK

UK economy ‘will grind to a halt’ and then shrink, BCC forecasts

Business group downgrades its outlook for growth next year to 0.6% as inflation soars

France 24

OECD details 'hefty price' of Ukraine war on global economy

Russia's war in Ukraine is derailing the global economy's recovery from the pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its forecast for economic growth, warning of high inflation and a possible food crisis. Also in the show: India's central bank raises interest rates…

Tribune News Service

Will California be a November firewall for Democrats? Five takeaways from Tuesday’s primary

SACRAMENTO, Calif. — California voters could determine who controls the U.S. House next year, and Tuesday’s primary offered strong clues as to what matters to them — crime, the economy and maybe Donald Trump.

The Guardian - UK

Fuel cost surge and dire economic forecast shatter PM’s hope of reset

Zero-growth warning for UK as petrol prices surge and OECD says Britain will be weakest economy in G7 next year

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news in one place.

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Tribune News Service

US stocks will confront an earnings recession by the end of 2022

There are pervasive, and increasingly pronounced, signs that U.S. equities will be in a profit recession before the end of this year. Target Corp.’s warning on margins yesterday is emblematic of the problems faced by firms in an inflationary regime. Even if an economy-wide recession is avoided, the backdrop for…

Chronicle Live

Levelling Up 'thin on new ideas and very short of money' says Lord Mandelson

The former North East MP and Cabinet Minister has given a speech in the region to discuss politics, the economy, Brexit and other matters

Axios

Inflation fuels Americans' recession angst

The White House has gone to great lengths to tout the booming labor market. But stubborn inflation may trump all.

The National (Scotland)

Tory calls for 'indyref2 plans to be scrapped' fall flat in Holyrood vote

A SCOTTISH Conservative motion aimed at having Holyrood agree to cancel plans for a second independence referendum has failed.

The Independent UK

Irish Government ‘ignoring’ unionists’ concerns over protocol

Sir Jeffrey Donaldson said the protocol has left him being treated like a second-class citizen.

StockNews.com

4 Buy-Rated Mid-Cap Stocks to Buy in June

Concerns about the potential for the economy to slip into a recession because of the Fed’s aggressive monetary policy tightening have fostered significant market volatility of late. While many analysts don’t expect inflation to increase further, investor uncertainty might persist through the end of this year. Therefore, we think the…

The Independent UK

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

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