The Latest Breaking News from Economy

Truss says she should have ‘laid ground better’ but stands by mini-budget

PM refuses to rule out public spending cuts and real-terms drop in benefits to pay for fiscal plans

The Guardian - UK · Oct 2, 2022

Israeli leader welcomes US plan for sea border with Lebanon

Israel’s prime minister has welcomed a U.S. proposal for setting the maritime border with Lebanon, saying the American plan for resolving a long-running dispute between the neighboring countries would lift Israel’s economy and boost regional security

The Independent UK · Oct 2, 2022

Moderate Bosniak candidate leads in race for presidency seat

Moderate Bosniak candidate Denis Becirevic is leading in the run-up for the seat on Bosnia's tripartite inter-ethnic presidency, preliminary results based on a partial vote count showed on Monday.

Reuters · Oct 2, 2022

Why This Bear Market Is Not Even Close to Being Done…

For much of the last decade, the Fed was desperate to invigorate a stagnant labor market, especially from a wage perspective. To this end, it added trillions in liquidity to the global economy which had secondary effects of bubbles in all sorts of assets. Yet, the Fed was mostly unsuccessful…

StockNews.com · Oct 1, 2022

'Kwasi Kwarteng and Liz Truss destroyed a major Western economy in just three weeks'

Mark Steel says the new Chancellor Kwasi Kwarteng has only been in his job three weeks, and already he's laughed during the Queen's funeral and destroyed a major Western economy

Daily Mirror · Oct 1, 2022

3 No-Brainer Stocks to Buy During the Bear Market

The stock market is decisively in bear market territory and is now flirting with new, 2022 lows. Clearly, there remains a considerable amount of risk especially in the near-term due to the combination of a hawkish Fed and a resilient but weakening economy. Amid these challenging circumstances, investors should prioritize…

StockNews.com · Oct 1, 2022

Is the Covid-19 pandemic over? Experts share their predictions for 2023

Three scholars of different parts of U.S. society affected by the pandemic — public health, education, and the economy — evaluated how “over” the pandemic is in their worlds.

Inverse · Oct 1, 2022

RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman

The Finance Minister says India entering an era of robust economic activity

The Hindu · Oct 1, 2022

Liz Truss admits UK faces 'difficult winter' but DEFENDS 'disruptive' mini-budget

The Prime Minister insists the Government was right to act to get the economy moving and to protect families from soaring energy bills despite the 'disruption' it's caused

Daily Mirror · Oct 1, 2022

Devolved nations demand meeting amid fears of new era of austerity

The ministers warned the tax cuts were a “huge gamble” for the economy

Evening Standard · Oct 1, 2022