The Latest Breaking News from Economy

Here’s how Latino growth influences the economy and labor force

If U.S. Latinos were an independent country, their economic output would rank fifth in the world.

Tribune News Service · Oct 4, 2022

Economy and Society, October 4, 2022: Texas joins investigation over S&P’s use of ESG in credit ratings

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Oct 4, 2022

Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts

Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP

The Guardian - UK · Oct 4, 2022

Capping Russia's oil profits could keep oil flowing to global markets at a reasonable cost while slashing Putin's war funding

The world as we know it cannot function without oil, giving oil-producing countries an advantage economists call market power. Nations that produce oil are able to set the price, while countries that rely on oil have little choice but to buy it at prices determined by the seller.

The Conversation · Oct 4, 2022

MPs want to dock Liz Truss and Kwasi Kwarteng's pay over 'gross mismanagement' of economy

The Liberal Democrats plan to table a censure motion calling for them to lose half of their additional salaries paid as part of their roles in Government

Wales Online · Oct 4, 2022

World Bank: Ukraine's war-torn economy will sink 35% in '22

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year

The Independent UK · Oct 4, 2022

Liz Truss and Kwasi Kwarteng facing bid to dock their pay amid economic turmoil

LIZ Truss and Kwasi Kwarteng are facing a parliamentary bid to dock their pay following their “gross mismanagement” of the economy.

The National (Scotland) · Oct 4, 2022

A basic income grant for South Africa: more money in poor people's pockets, but at a heavy cost

Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (but without assessing the ripple effects), and how it might affect…

The Conversation · Oct 4, 2022

Tory Party conference latest LIVE: Liz Truss ally accuse fellow MPs of ‘coup’ over tax rebellion

It comes after Kwasi Kwarteng was forced into a humiliating U-turn on the 45p tax rate cut

Evening Standard · Oct 4, 2022

Argentina announces plan to boost tech exports

Argentina on Monday announced measures aimed at boosting technology exports to $10 billion in 2023, as it seeks to support growth of the "knowledge economy".

Reuters · Oct 4, 2022