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The Latest Breaking News from Economy

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

The Guardian - US

Vladimir Putin about to 'declare all-out war on Ukraine as payback for botched invasion'

Vladimir Putin is poised to declare an all-out war on Ukraine, according to Russian sources and Western officials, months after barring media from referring to his nation's invasion as a "war"

Daily Mirror

BoT: Economy still on the road to recovery

While higher inflation agitated Thais and slowed the country's economy in March, the outlook remains a path towards recovery, according to the Bank of Thailand.

Bangkok Post

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Netflix seen as a partner to help promote Thai tourism

The Ministry of Natural Resources and Environment plans to partner with Netflix to promote the tourism industry as a soft power tool to stimulate the country's economy during the post-pandemic period.

Bangkok Post

3 Gold Stocks to Scoop Up as Economic Uncertainty and Inflation Keep Increasing

The U.S. economy shrank 1.4% in the first quarter of 2022, and gold prices reacted positively to the news. As a safe-haven asset, gold demand has surged amid uncertainties surrounding the economy and stock market. Hence, we think gold stocks Gold Fields (GFI), Yamana Gold (AUY), and DRDGOLD (DRD) might…

StockNews.com

3 Trucking Stocks to Avoid with Increasing Fears of Oversupply and Recession

Supply chain disruptions have led to rising trucking rates, and those rising rates have been attracting more supply. Furthermore, many analysts expect the economy to suffer a recession due to aggressive interest rate hikes and rising geopolitical tensions. With the possibility of oversupply and recession, we think it could be…

StockNews.com

The Week Ahead: Signs of confidence and concern among consumers

As consumers, we are a fickle bunch. Job prospects, high gasoline prices, rising interest rates, war in Ukraine, COVID-19 and politics are just some the headwinds faced by the largest share of the American economy — consumption.

Miami Herald

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Latest Kyiv attack 'clear sign of disrespect for the UN': Germany's Franziska Brantner

Germany has been in focus this week after lawmakers in the Bundestag on Thursday overwhelmingly backed a decision to send heavy weapons to Ukraine. Meanwhile, as Russia cut off gas supplies to EU member states Poland and Bulgaria over their refusal to pay for the fuel in roubles, Germany remains…

France 24

China facing 'tsunami' of Omicron, says top official as Shanghai, Beijing battle to curb Covid spread

BEIJING: China is facing a"tsunami" of Omicron, a senior official said on Friday, as the country reported over 20,000 Covid-19 cases with its largest city Shanghai continuing to reel under lockdown for over three weeks while over 21 million people in capital Beijing underwent third nucleic acid test amid the…

The Times of India

Infographic: How expensive are everyday items in Nigeria?

Since 2016, the Nigerian economy, Africa’s largest, has suffered two recessions; prices of necessities have soared.

Al Jazeera

How Rapid Inflation Can Work For You

Over the past year, the money supply in the United States has grown at an unprecedented rate and these alarming trends are showing significant signs of acceleration as coronavirus stimulus programs continue to pump trillions of dollars into the economy.

Benzinga

A key inflation gauge jumped 6.6% in March, most since 1982

An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest reading in four decades, further evidence that surging prices are pressuring household budgets and the health of the economy

The Independent UK

4 Stocks to Buy if You Think Inflation Will Keep Trending Higher in 2022

The economy is suffering its worst inflation in more than 40 years. In an inflationary environment, investors should look to bet on companies that possess sufficient pricing power, with products and services that face inelastic demand. Since many analysts expect inflation to continue trending higher despite interest rate increases, we…

StockNews.com

French economy flatlines, growth falls to zero in first quarter

French economic growth fell to zero in the first quarter of the year as households reduced their consumption due to rising inflation and the war in Ukraine, data showed on Friday.

Radio France Internationale

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Reuters

Gazprombank account not necessarily breach of sanctions -German Ministry

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

The Guardian - UK

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

France’s economy stalls and Italy’s shrinks but Germany rebounds from contraction

Birmingham Post

Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

Reuters

Bloomberg reporters in Turkey acquitted over 2018 currency crisis article

A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets at the height of a currency crisis in 2018.

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Axios

The U.S. economy's bad vibes era is about to meet reality

One of the most persistent storylines of the past few months may be about to enter a new chapter.

Daily Record

Scottish Game Fair expected to inject £5 million into Perth economy this summer

An estimated 35,000 people will descend on Scone Palace for the three-day event from July 1-3

Asharq Al-Awsat

Erdogan’s Visit is an Extension of Saudi-Turkish Strategic Relations

Turkish President Recep Tayyip Erdogan’s visit to Saudi Arabia on Thursday highlighted the comprehensive strategic relations between the two countries, amid the Russian-Ukrainian crisis and its impact on the global economy and supply and food chains. The visit is an extension of the trade, investment and economic relations, as well…

The Guardian - UK

NatWest reports 40% profit jump as bank refers customers to debt experts

Strong first-quarter results come as group warns of ‘uncertain’ economy because of cost of living crisis

Al Jazeera

China pledges more economic support as lockdowns stymie growth

Top decision-making body pledges package of measures to help industries and small firms affected by the pandemic.

The Guardian - UK

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Independent UK

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

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