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The Latest Breaking News from Economy

Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

The Independent UK

How the narrative of full employment Britain hides the real story

If economy goes into tailspin, gap between areas with weak and strong labour markets would be exposed

The Guardian - UK

French debt levels back in focus as government gets to work

France’s new government reaffirmed the country’s pledge to lower debt after the COVID-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent the economy from crashing.

Tribune News Service

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'Partygate was serious but now its done its time for action regarding the economy'

With Partygate almost behind them and the government saying there are bigger fish to fry now is the time for them to finally act on the economy.

Daily Mirror

Survivor, Bachelor in Paradise, Love Island: How Fiji is cashing in on reality TV favourites

Fiji is a small nation looking for big investment and it is working hard to make film and reality television productions a "major pillar" of its economy.

ABC News

Off Target?

There was reason for optimism earlier in the week as the S&P 500 (SPY) advanced nicely after skirting bear market territory. But then on Tuesday WalMart had shockingly poor earnings which was easily ignored. Unfortunately the next day Target reported even worse results and the investment world took notice with…

StockNews.com

What now for the Liberal Party? A radical shift and a lot of soul-searching

It is incredible the government that led Australia through the pandemic with one of the highest vaccination rates, some of the lowest per capita death rates and, comparatively, a good story to tell on the economy has decisively lost government.

The Conversation

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France urges rival parties in Libya to find political solution to end violence

Paris says all parties in Libya must work together to end the cycle of violence that has divided the country and decimated the economy.

Radio France Internationale

Washington Urges Lebanon to Swiftly Form New Government

The United States on Friday welcomed that parliamentary elections in Lebanon were held on time and without major security incidents, calling on the political class to swiftly form a new government capable of rescuing the economy and restoring the confidence of the Lebanese people and the international community. “We urge…

Asharq Al-Awsat

What 9 per cent inflation means for you as rate hits 40-year high in biggest squeeze on cost of living for decades

Millions of households are under pressure to cut back on spending as prices soar

Manchester Evening News

Wall Street’s final-hour rally saves it from maw of bear market

Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.

Chicago Sun-Times

Will a $15.50 minimum wage hurt or help California's economy?

California's minimum wage is likely to rise to $15.50 an hour in January because of inflation, said Gov. Gavin Newsom on Thursday.

Tribune News Service

2 Recession Stocks to Buy Right Now

Multi-decade-high inflation and aggressive Fed rate increases might push the economy into a recession. So, investors looking to mitigate a market downturn should invest in Dollar Tree (DLTR) and Vertex Pharmaceuticals (VRTX), as they could deliver stable returns because their businesses enjoy a near-inelastic demand.

StockNews.com

Yellen's global tax plan meets resistance abroad and at home

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy

The Independent UK

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StockNews.com

2 Top Foreign Bank Stocks to Buy Now

Investors usually seek opportunities to diversify their portfolios by investing in foreign stocks to mitigate the risks associated with the domestic economic and market conditions. Amid the current uncertainties surrounding the domestic economy, investing in foreign banks could allow investors to cash in on different macroeconomic trends. Therefore, we think…

Newsroom.co.nz

Gareth Hughes: Budgets must do more than patch failures

Comment: When you spend up large just fixing the problems caused by your existing economic system, that's called Failure Demand, writes former Green MP Gareth Hughes

Asharq Al-Awsat

Biden’s Approval Dips to Lowest of Presidency

resident Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of US adults approve of Biden’s performance as president, according to the poll from The Associated Press-NORC Center…

Reuters

Pandemic and explosions worsen Equatorial Guinea prospects, IMF says

Equatorial Guinea's ailing economy has been dented by the pandemic and a series of deadly dynamite explosions in 2021 despite government efforts to mitigate the impact of these shocks on the oil-producing nation, the International Monetary Fund (IMF) said on Friday.

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The Guardian - UK

Boris Johnson’s survival superpower can only last so long

Some Tory stalwarts may be angry but state of the economy could be what brings the prime minister down

Benzinga

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

Al Jazeera

As the Ukraine war rages, Montenegro’s juggling act gets harder

Close historic ties with Russia and deep internal divisions are undermining a unified national stance on the conflict.

Daily Record

Hamilton welcomes Scottish Parliament committee as local group hails successful town centre inquiry visit

The Economy and Fair Work Committee met up with Hamilton BID to tackle issues in the town centre

Al Jazeera

Pakistan holds bailout talks with IMF in Qatar as economy falters

The new Pakistan government is seeking the release of more funds from a $6bn rescue programme agreed with IMF in 2019.

The Guardian - UK

Chief BoE economist: we’ll squeeze economy more to tame inflation

Bank of England’s Huw Pill warns ‘further work needs to be done’ after recent base rate rises

The Times of India

Explained: 'India looks a lot like Sri Lanka'?

NEW DELHI: In one of his several attacks on the Centre over economic situation of the country, Congress leader Rahul Gandhi slammed the government over rising inflation and unemployment.

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