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The Latest Breaking News from Economy

Sri Lanka's crisis: Can the South Asian economy break from the past and find a route to stability?

Sri Lanka has a new president and prime minister – but a change in who leads the crisis-hit South Asian nation alone will not solve the country’s severe economic problems.

The Conversation

Labour could pledge tax cuts for millions at 2024 election, Rachel Reeves hints

Shadow Chancellor Rachel Reeves vowed to 'bring forward' ideas this October on top of Labour’s current cost-of-living package - which pledges up to £600 for the poorest over and above Tory help

Daily Mirror

What trucking tells us about the economy

Trucking rates have dropped sharply, though they remain above pre-pandemic levels.

Axios

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Chaiwut walks back spyware comments

Digital Economy and Society Minister Chaiwut Thanakamanusorn on Friday sought to walk back his earlier remarks in Parliament that authorities had used spyware to monitor individuals in the country.

Bangkok Post

Conor Sen: Can we escape a crash? The housing market is saying yes

From stagflation to cost relief in six months — that's the new picture of the housing market that has emerged in just the last few weeks. And to the extent housing has been a microcosm for the pandemic-era economy, the cooldown will present new challenges and opportunities over the next…

Tribune News Service

Mohamed A. El-Erian: The Fed is failing in four ways

Global economy watchers and market participants will be paying a lot of attention next week to how the Federal Reserve describes the U.S. economic outlook, to the magnitude of its interest rate increase and whether it changes the pace of its balance-sheet contraction. Yet for the well-being of the U.S.…

Tribune News Service

Mexican official seeks 'open, frank,' dialogue with U.S. and Canada in energy dispute

Mexico's government will hold frank and open discussions to resolve a dispute with the United States and Canada over Mexican energy policies that they argue breaches a regional trade pact, a senior trade official said.

Reuters

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Dimmed street lights, shorter showers: Germany leads Europe energy savings drive

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating.

Reuters

We’re living in an age of permanent crisis – let’s stop planning for a ‘return to normal’

Current plans seem foolish when we know that shocks such as global heating aren’t going away, says Progressive Economy Forum director James Meadway

The Guardian - UK

Rising interest rates will hit already weak UK economy, output shows

Latest snapshot of private sector activity reveals manufacturing and services struggling with rising costs

The Guardian - UK

Egypt’s Economy Seen Growing Steadily

Egypt’s economy will grow fairly steadily over the coming three years, with inflation gradually declining from over 10% and the pound weakening in the near-term, a Reuters poll showed. Gross domestic product (GDP) is forecast to expand a median 5.5% in the fiscal year that began this month, according to…

Asharq Al-Awsat

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace Rishi Sunak

The Independent UK

Derry festival expected to generate over £2m for local economy with almost every hotel bed booked

"I would encourage everyone to make their way to the city over the next few days, you won’t be disappointed."

Belfast Live

EU launches new legal proceedings against UK over Northern Ireland protocol – as it happened

European Commission criticises ‘UK’s unwillingness to engage in meaningful discussion’ with regard to joint solutions

The Guardian - UK

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The Guardian - UK

Holidaymakers warned of Dover ferry queues; survey shows UK economy slowing – as it happened

Rolling live coverage of business, economics and financial markets as retail sales and factory surveys suggest UK economy losing momentum

Evening Standard

Conservative leadership race: Rival Tory camps trade blows ahead of critical weekend

Bombshell poll of Conservative members shows Liz Truss with 24-point lead over Rishi Sunak

The Independent UK

Asian shares mixed on weak Japan manufacturing data

Asian shares are mixed after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits

Birmingham Post

Ford legacy fund supports Caerphilly low-carbon vehicle project

The fund was established as a goodwill gesture by Ford after it closed its Bridgend engine plant in September 2020

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Reuters

Near free public transport eases congestion on Germany's roads

Urban traffic congestion eased in the weeks after Germany made public transport almost free, data show, suggesting an experiment by Europe's largest economy to combat its addiction to cars may be having some success.

Tribune News Service

Herschel Walker downplays abortion ruling’s effect

ALTO, Ga. — Republican Herschel Walker downplayed the effect Georgia’s abortion ban will have on the November election, saying voters were more concerned about the economy.

Manchester Evening News

Transport Secretary sticks it to Andy Burnham for supporting rail strikes and the mayor is NOT happy

"The North’s economy has an eye to the future; it cannot be served by a railway, nor elected Mayors, stuck in the past."

Reuters

Russia: New EU sanctions will hurt global economy, hopes for food export progress

Russia's foreign ministry on Thursday said the latest round of European Union sanctions were illegitimate and would have "devastating consequences" for security and parts of the global economy.

USAFacts

What is the money supply, and how does it relate to inflation and the Federal Reserve?

Changing the amount of money there is in the economy is one of the main ways the Federal Reserve tries to control inflation.

Benzinga

Trouble In Foreign Markets Could Give The U.S. It's Next Leg Up

I was to say the least intrigued by a headline I saw in the news this morning about tanks being used to keep protestors at bay in China, but the protestors were depositors and the tanks were keeping them away from banks.

The Hindu

‘Advantage New Delhi’ in Sri Lanka’s India lifeline

There is much potential in the humanitarian aid link now to deepen trade and investment linkages

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Andres Manuel Lopez Obrador

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