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The Latest Breaking News from Economy

UN envoy: US sanctions on Iran worsen humanitarian situation

A United Nations special envoy says that the sweeping U.S. sanctions imposed on Iran have badly impacted the country's economy and worsened the humanitarian situation in the Persian Gulf nation

The Independent UK

3 Commodity ETFs to Protect Your Portfolio from Stagflation

The U.S. economy is facing significant stagflation risks due to raging inflation, ongoing geopolitical crisis, and an economic slowdown. However, amid rising commodity prices, commodity funds serve as solid hedges against inflationary pressures. So, we think commodity ETFs iShares S&P GSCI (GSG), First Trust Global Tactical (FTGC), and KraneShares (KRBN)…

StockNews.com

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations is significantly lowering its forecast for global economic growth this year from 4% to 3.1%

The Independent UK

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Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

Qatar to boost investment in Spain by $4.9 billion

Qatar is set to boost investments in Spain by $4.9 billion in the coming years as it piggybacks on the rollout of the European Union's pandemic recovery plan

The Independent UK

Edinburgh games tech firm buys AI business

Acquired company's chief executive becomes new chief AI officer

Insider UK

Robinhood on Volatility, Regulation, and the New Retail Investor - Roll Call

Robinhood Chief Legal Officer Dan Gallagher joins Fintech Beat on changes in the economy and regulation mean for the company.

Roll Call

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Sri Lanka's economic crisis: 'It's not looking good' for Rajapaksa family

Sri Lanka is in the grip of its worst economic crisis in decades, facing depleted petrol reserves, food shortages and a chronic lack of medical supplies. More than a month of mainly peaceful protests against the government's handling of the economy turned deadly last week when supporters of the former…

France 24

City comment: Welcome to the Everything Everywhere All At Once economy

What to call this economic moment we are living through?

Evening Standard

Japan's economy shrinks amid Covid-19 curbs and rising prices

Japan's GDP fell at an annualised rate of 1 percent in the first three months of this year as the Omicron variant of the coronavirus hampered consumer spending. Rising commodity prices also weighed on businesses in the world's third-largest economy. Plus, as unemployment remains stable in France at 7.3 percent,…

France 24

More pain in Sri Lanka before any resolution to crisis

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

Reuters

City Centre welcomes brand new anti-sexual harassment murals as part of Bristol Nights campaign

The two murals have been curated collaboratively by three Bristol artists and UPFEST

Bristol Post

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

The Guardian - UK

Berlin... Ukraine Crisis to Birth New Era Bearing Putin’s Fingerprints

Journalists are like grave diggers. They live off the tragedies of the world. They dream of being present at major turns and events that are usually soaked in blood, costly to the economy and beget refugees. They find joy in writing from within upheaval. In that tradition, I am writing…

Asharq Al-Awsat

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Daily Record

GMB host Richard Madeley makes bet with Liz Truss over windfall tax after Tory MPs vote it down

The GMB host said he would make a bet with the Foreign Secretary Liz Truss that the government would perform a u-turn on the Labour plan.

Evening Standard

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

The Independent UK

Japan's quarterly economy contracts as energy prices soar

Japan’s economy shrank at an annual rate of 1% in the first quarter, as rising prices and COVID-19 restrictions deadened spending and investment

The Independent UK

Trevelyan plans to ‘de-Putinise’ world economy by ending reliance on Russian gas

International Trade Secretary Anne-Marie Trevelyan will set out plans to boost green technology to help wean countries off fossil fuels.

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news in one place.

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Tribune News Service

Powell says Fed will ‘keep pushing’ until inflation comes down

Federal Reserve Chair Jerome Powell, in his most hawkish remarks to date, said the US central bank will raise interest rates until there is “clear and convincing” evidence that inflation is in retreat.

The Independent UK

Cost of living crisis: Labour set to force Commons vote calling for emergency budget

Party will seek to put pressure on Tory MPs as cost of living crisis bites

The Conversation

Canada faces huge physical costs from climate change, making net zero a great investment

There has been a lot of discussion in Canada lately about the financial costs of achieving the country’s climate targets. And rightly so. The situation is urgent and we need to act now.

ABC News

Will a 5 per cent pay rise for workers lift the cost of your coffee and petrol by the same amount?

Boosting workers' wages by 5 per cent – for all workers, not just those on the minimum wage — would lead to an increase in prices across the economy of about 2 per cent, according to a new report.

Benzinga

Alibaba, Other Chinese Stocks Pop As China's Top Economic Official Expresses Support For Digital Platform Ahead Of 2022 Election

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

The Times of India

Competition in telecom sector has brought tariffs down: PM Modi

NEW DELHI: Emphasising that higher competition had led to lower tariffs in the telecom sector, Prime Minister Narendra Modi on Tuesday called for greater regulatory ease for the aggressive expansion of mobile services and spoke about the immediate rollout of 5G and thereafter 6G by the end of this decade…

Asharq Al-Awsat

Saudi-Thai Roadmap to Boost Partnership in 4 Investment Sectors

Saudi Minister of Investment Khalid al-Falih announced that the developed Saudi-Thai road map would be further boosted by the new investments in tourism, healthcare, industry, and manufacturing operations. The Ministry of Investment in Riyadh organized the Saudi-Thai Investment Forum, with the participation of the Minister of Investment, the Thai Deputy…

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