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The Latest Breaking News from Economy

Stuart Rothenberg: It’s probably still the economy, stupid

The possibility that the Supreme Court will overrule Roe v. Wade — or severely restrict the right to legal abortion — has Democrats hoping progressive and abortion-rights voters will be energized by the decision, thereby improving the party’s prospects for November.

Tribune News Service

Saudi Aviation, Travel Industry Financing to Exceed $37 Billion

Saudi Arabia’s Economy and Planning Minister Faisal al-Ibrahim has revealed that the Kingdom plans to boost its financing of travel, tourism, and aviation sectors.

Asharq Al-Awsat

US inflation dips to 8.3% but stays close to 40-year high –as it happened

US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high

The Guardian - UK

From analysis to the latest developments in health,
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Wednesday briefing: How Boris Johnson could have tackled the cost of living crisis

In today’s newsletter: after a Queen’s speech that ignored rising costs, Archie Bland asks economist Torsten Bell what should have been announced

The Guardian - UK

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

US inflation might have dipped last month from 40-year high

After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases

The Independent UK

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

AAP

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Yoon Suk-yeol faces tough challenges. Is he up to the job?

Yoon Suk-yeol faces range of ‘complex crises’, from N Korean nuclear tests and US-China rivalry to a slowing economy.

Al Jazeera

UK to reform spy laws to tackle threats from cyber and state influence

Britain will overhaul its espionage laws in the face of threats to national security ranging from cyber-attacks to pernicious lobbying that could undermine its economy, the country's interior minister said on Wednesday.

Reuters

Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

Bangkok Post

Is The British Pound Sterling Chart A Good Recession Indicator?

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…

Benzinga

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

Tribune News Service

Yellen says rollback of abortion rights puts US economy at risk

WASHINGTON — Treasury Secretary Janet Yellen entered one of the most politically charged U.S. debates Tuesday, saying the economy would suffer if the Supreme Court significantly limits women’s access to abortion.

Tribune News Service

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

Benzinga

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The Independent UK

Yellen trip to Capitol detours into tense abortion debate

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy

Tribune News Service

Biden says inflation is ‘hurting’ US families, blames pandemic

WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.

The Independent UK

Queen’s Speech: Boris Johnson accused of abandoning families to poverty

‘Their time has passed’: Keir Starmer accuses government of failing to address pressing issue of the moment

The Independent UK

US treasury secretary warns eliminating abortion access will damage economy and ‘set women back decades’

Janet Yellen tells Senate committee that restrictions on abortion care increase odds of ‘living in poverty or need for public assistance’

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The Guardian - UK

Rishi Sunak to weaken City regulation in post-Brexit nod to Tory donors

Chancellor to get rid of EU regulatory regime in financial services sector and replace it with a UK-specific one

Tribune News Service

Movie review: 'The Innocents' a powerful horror film about supernaturally gifted children

The babes in the woods of Eskil Vogt’s “The Innocents” are some of the scariest kids you’ll see on movie screens this year. Bored over the summer holidays and living in a large Norwegian housing development, they while away the long summer hours inflicting a kind of casual cruelty on…

Axios

Yellen: Eliminating abortion rights would have "very damaging" effect on economy

Roe v. Wade "helped lead to increased labor force participation. It enabled many women to finish school."

The Conversation

Insights from Zimbabwe on how to link formal and informal economies

In 2003, Thabo Mbeki – then president of South Africa – described South Africa’s economy as being like a two-storey house. The top floor was quite plush, with all the fittings packed neatly together. He referred to this as the modern, diversified economy within South Africa. Below that level, however,…

Tribune News Service

He got Congress to care about antitrust again. Now time is running out, Rep. David Cicilline says

WASHINGTON — David Cicilline was late getting into antitrust, at least for him.

Evening Standard

Queen’s Speech key points: Boris Johnson’s cost of living race against time

Prime Minister vows to ‘turbo charge’ the economy to ease cost-of-living crisis in legislative package

Asharq Al-Awsat

Saudi Arabia Calls for Easing Economic Difficulties Facing Int’l Travel

Saudi Arabia plays a leadership role in ensuring the prosperity of the aviation sector in coming years, said Saudi Arabia's General Authority of Civil Aviation (GACA) President Abdulaziz al-Duailej. Speaking at the Future Aviation Forum, Duailej reiterated the importance of joint efforts to face future crises and end economic difficulties…

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