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The Latest Breaking News from Economy

Marches Mosses BogLIFE Project crowned West Midlands' top civil engineering project

Institution of Civil Engineers praised project for restoring natural habitat and its potential to boost both local economy and education

Birmingham Post

New regional zones approved by panel

The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions.

Bangkok Post

China’s Top Leaders Reiterate Support for ‘Zero-Covid’ Strategy

As widespread lockdowns hobble the economy, Politburo declares ‘persistence is victory’ and says it’s too soon to stand down

Caixin Global

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Abortion now front and center in some Democrats' senatorial campaigns

WASHINGTON — Democrats most at risk of losing their Senate seats in November’s U.S. election have jumped on abortion rights to shift the political narrative away from inflation and win back voters disappointed by President Joe Biden’s handling of the economy.

Tribune News Service

My job, my pride survey: Kudumbashree lines up 1.1 lakh enumerators

Minister M.V. Govindan to launch Knowledge Economy Mission’s campaign on Sunday

The Hindu

The Dow Jones tumbles over 1,100 points as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

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Rising Oil Prices Buy Iran Time in Nuclear Talks, Officials Say

Emboldened by an oil price surge since Russia invaded Ukraine, Iran's clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran's thinking exclusively told Reuters. Last year, Tehran engaged in indirect talks with…

Asharq Al-Awsat

Cost of living and fixing aged care are top concerns as election nears, ANU poll shows

Six in ten people surveyed say the two issues are of most concern, followed by the Australian economy, healthcare costs and climate

The Guardian - AU

Stocks are boring again — and that's good news

It turns out that both markets and the economy are surprisingly robust in the face of interest rate shocks.

Axios

All indicators show that India is on the growth path: Piyush Goyal

NEW DELHI: All the key indicators such as jump in exports and high GST collection in April reflect that the country's economy is on the growth path, commerce and industry minister Piyush Goyal said on Thursday.

The Times of India

W.W. Grainger: Buy, Sell, or Hold?

Shares of leading broad line distributor W.W. Grainger (GWW) have been gaining momentum despite the current bearish market thanks to its recently announced dividend increases and better-than-expected quarterly results. So, as the economy heads toward a recession, will GWW be able to maintain its upward trajectory in the near term?…

StockNews.com

5 Cost-Conscious Retail Stocks That Could Thrive During a Recession

Many analysts believe that the U.S. economy is slipping into recession. We think investors looking to dodge the recessionary pressure could bet on discount retail stocks Costco (COST), Walmart (WMT), BJ’s Wholesale (BJ), PriceSmart (PSMT), and Target (TGT). So, let’s discuss.

StockNews.com

‘The threat of abuse and violence is still a daily part of the job’: the bereaved women fighting to protect gig economy drivers

In 2021, the Bolt driver Gabriel Bringye was killed by a group of teenagers. Now his fiancee and sister are battling to ensure it never happens again

The Guardian - UK

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The Guardian - UK

Recession: the price Britain will pay to control inflation

Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back

The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

Birmingham Post

Alarm for cost-squeezed firms as interest rates hiked to 1%

Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

The National (Scotland)

Bank of England hikes interest rates and issues recession warning

UK interest rates have been raised amid warnings the economy will go into reverse and that inflation will peak at more than 10.

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Manchester Evening News

Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800

It is a crippling cost of living crisis

Daily Record

Bank of England warns of recession in UK as interest rates hiked to 1%

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

Daily Mirror

Bank of England warns energy bills will hit £2,800 and inflation will surge to 10%

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

The Independent UK

Bank hikes rates to 1% and warns cost crisis will send economy into reverse

Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.

Reuters

'Japan is a buy,' PM Kishida tells City of London

Japanese Prime Minister Fumio Kishida took his appeal for foreign investment to the bankers and investors of the City of London on Thursday, saying his shift to an upgraded version of capitalism would spur economic growth.

France 24

US Federal Reserve walks fine line between inflation and recession

America's central bank is hiking interest rates by half a percent in a bid to tame decades-high inflation in the US. But it’s also tempering its plan for future hikes to avoid sending the economy into recession. Meanwhile, French consumers are facing skyrocketing prices across a number of sectors.

Al Jazeera

‘A second Afghanistan’: Doubts over Russia’s war prosecution

Russia’s lack of progress in its war against Ukraine has been noted by analysts since it launched a second phase.

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