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The Latest Breaking News from Economy

Commentary: Shared company ownership may be the missing path to the American dream

Only half of American adults born in 1980 make as much as their parents did at the same age. Here's how employee ownership could bridge the gap.

Fortune

Gordon Brown economics versus Liz Truss tax cuts: a new twist in the battle to resolve the UK’s cost of living crisis

The ongoing Conservative Party leadership hustings haven’t seen much agreement between candidates, but they have resulted in the creation of a new political narrative: “Gordon Brown economics”. Foreign secretary Liz Truss explained away her rejection of cost of living “handouts” for households with the phrase. But even as she indicated…

The Conversation

India to be fastest growing economy this year: Government source

NEW DELHI: Rising inflation rates notwithstanding, India will be the fastest growing economy in the world this year, a top government source said on Thursday.

The Times of India

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Itison invests £4 million into Glasgow winter events

Latest plans should create 300 jobs and provide a £14m boost for the local economy

Insider UK

US Welcomes Resumption of Flights Between Egypt, Libya

The US welcomed the resumption of direct flights between Tripoli and Cairo, which followed similar agreements with other regional capitals. “The United States welcomes the resumption of direct passenger flights between Tripoli and Egypt following similar agreements with other regional capitals,” the US embassy in Libya tweeted. “We encourage and…

Asharq Al-Awsat

Train strikes will be £120million hammer blow to London

Warning that stoppages will hit economy as London bears brunt in four days of travel woe

Evening Standard

At 75, India seeks way forward in big but job-scarce economy

India’s phenomenal transformation from an impoverished nation in 1947 into an emerging global power whose $3 trillion economy is Asia’s third largest has made it a major exporter of things like software and vaccines

The Independent UK

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Accenture opens digital hub in Bangkok

Accenture, a global professional service provider, has launched its new Intelligent Operations Centre (IOC) in Bangkok to accelerate digitalisation among businesses, with the digital economy expected to account for 35% of Thailand's GDP by 2025.

Bangkok Post

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

Bangkok Post

Martin Lewis’ biggest concerns for the economy as UK faces a ‘financial emergency’

Money Saving Expert founder warns that country is in ‘pandemic scale national crisis’

The Independent UK

International economists ask Biden to release Afghan central bank funds

More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to U.S. President Joe Biden on Wednesday.

Reuters

Australian tax data is absolute proof of the gender pay gap across the entire economy

The situation is worst in high paying occupations. Only members of parliament see women with a higher median salary

The Guardian - AU

GDP: What is it and how does it impact the cost of living?

Everything you need to know about GDP

Evening Standard

Russian oil shipments to central Europe expected to resume

Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for the transit was resolved

The Independent UK

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The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

Evening Standard

FTSE 100 Live: US inflation falls to 8.5%, Elon Musk sells Tesla shares

US inflation fell back from 9.1% to rest at 8.5% last month still critical for the economy but dropping from the four-decade peak it hit in June and calming the markets.

The Guardian - UK

While Biden is tackling inflation and shaping a green economy for the US, Britain is being left behind

The Inflation Reduction Act is a big win for jobs and the environment, but Truss and Sunak have nothing similar to offer, says Carys Roberts of the Institute for Public Policy Research

AAP

'Possible reset' for Aust-China trade

Australia and China must resolve their differences with the global economy facing a number of difficulties, the Asian country's ambassador has told journalists.

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news in one place.

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The Times of India

MP Congress questions CM Shivraj Singh Chouhan’s $550 billion contribution claim

BHOPAL: The state Congress on Tuesday raised questions on chief minister Shivraj Singh Chouhan’s promise to Prime Minister Narendra Modi that Madhya Pradesh will contribute $550 billion towards making India a $5 trillion economy.

The Independent UK

China's youth face bleak job market as COVID slows economy

China’s 11 million university graduates are struggling in a bleak job market this summer as repeated shutdowns under China’s zero-COVID lockdowns forced companies to retrench and driven many restaurants and other small employers out of business

Bangkok Post

Mother's Day to see 9% rise in spending

Spending on Mother's Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country's tepid economic recovery, according to the University of the Thai Chamber of…

ABC News

CBA results drag down finance sector as ASX trades lower on international inflation nerves

Australian shares are trading lower on Wednesday, as investors await crucial inflation data out of the US. Data out of China has already showed that price hikes there are rising, too.

StockNews.com

The 3 Best Dividend Stocks to Buy for Retirement

Sky high inflation, the Fed’s rate hikes, and a slowing economy have worried investors and led to massive pressure on the stock market. In such uncertain times, dividend-paying stocks Broadcom (AVGO), BHP Group (BHP), and Insperity (NSP) could be ideal investments for your retirement portfolio, given their fundamental strength. Read…

StockNews.com

3 Energy Stocks to Buy on the Dip

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

StockNews.com

2 Downgraded Stocks to Avoid at All Costs

The macroeconomic headwinds and the growing recession risks are leading to immense volatility in the stock market. While investors are awaiting the July inflation report, the Fed has signaled more rate hikes in the coming months, despite the slowing economy. Given the uncertainties ahead, we think it could be wise…

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