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The Latest Breaking News from Economy

Manufacturing’s coming home: UK fashion boss champions ‘reshoring’

A Derbyshire firm is sourcing homegrown suppliers and labour – and even supporting a local school. But will anyone follow suit?

The Guardian - UK · Aug 6, 2022

USD 1 trillion economy target: U.P. government appoints Deloitte consultant

By 2027, Uttar Pradesh will become a benchmark for the policy of “Sabka Saath, Sabka Vikas”, said CM Yogi Adityanath

The Hindu · Aug 6, 2022

Sunak and Truss tear each other apart on economy in latest leadership hustings

Rishi Sunak warned that unless inflation gets under control, there is ‘no hope’ the Tories will win the next election.

The Independent UK · Aug 5, 2022

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Argentina's ambitious 'superminister' takes on economic crisis

Asked about Sergio Massa, Argentina's new "superminister" for the economy, many Argentines perceive him as an opportunistic politician with limitless ambition.

Reuters · Aug 5, 2022

What the blowout US jobs numbers actually mean

While recession fears may have cooled for now, the Fed is likely to be more bold with its rate hikes at future meetings.

Al Jazeera · Aug 5, 2022

Truss and Sunak only mention cost of living TWICE each in Twitter campaigning

TORY leadership contenders Liz Truss and Rishi Sunak have only mentioned the cost of living crisis TWICE each on Twitter during the campaign so far,…

The National (Scotland) · Aug 5, 2022

Stagflation: What is it, and what can be done to tackle it?

A recent report has warned that the UK is headed for a recession that will plunge millions of vulnerable households across the UK into financial crisis.

Evening Standard · Aug 5, 2022

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Man sparks debate with rant about girlfriend’s ‘messed up’ habit on flights

Redditors were divided over the etiquette surrounding individual upgrades

The Independent UK · Aug 5, 2022

With 528,000 jobs added in July, the U.S. labor market is on fire

It's excellent news for job seekers, though Fed officials are likely to see reasons to worry about inflation pressures.

Axios · Aug 5, 2022

Block, Lockheed Martin And 2 Other Stocks Insiders Are Selling

The US economy added 528,000 jobs in July. Investors, meanwhile, focused on some notable insider trades.

Benzinga · Aug 5, 2022

The job market got even better, in a surprisingly positive sign for the economy

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

WEKU · Aug 5, 2022

U.S. adds whopping 528,000 jobs in July as labor market booms

Economists expected the economy to add roughly 260,000 jobs in July.

Axios · Aug 5, 2022

US unemployment rate drops to 3.5 per cent amid ‘widespread’ job growth

‘Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic levels’

The Independent UK · Aug 5, 2022

Recession forecast explained: What you need to know

The UK’s central bank has predicted a long recession and eye-watering inflation

The Independent UK · Aug 5, 2022

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The Conversation · Aug 5, 2022

Inflation: why it's happening and why interest rates are going up to combat it

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.

Daily Mirror · Aug 5, 2022

What is 'stagflation' and how is it different from inflation as UK faces recession

When an economy is ravaged by high inflation and stagnated growth, economists brand it 'stagflation' to describe the nightmare combination. The UK economy is heading that way

The Independent UK · Aug 5, 2022

Pacific rim economies in doldrums, sapped by inflation, war

Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine add to uncertainty and the aftereffects of the pandemic

The Independent UK · Aug 5, 2022

EXPLAINER: How do we know when a recession has begun?

The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended

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The Independent UK · Aug 5, 2022

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

The Independent UK · Aug 5, 2022

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Guardian - UK · Aug 5, 2022

Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

Asharq Al-Awsat · Aug 5, 2022

Saudi MAWANI Adopts Regulations in line with Commercial Maritime System

The Saudi Ports Authority (MAWANI) has revealed a new set of regulations governing the activities of shipping agents in the Kingdom’s maritime sector, which comes in line with the objectives of the National Strategy for Transport and Logistics Services. The strategy aims at enhancing the services provided by shipping agents,…

The Independent UK · Aug 5, 2022

As recession fears grow, strong US hiring is likely slowing

The American job market has defied raging inflation, rising interest rates, growing recession fears

The Guardian - UK · Aug 5, 2022

Cost of living squeeze deepens as recession looms; Felixstowe port strike dates set – as it happened

Strike action will begin on 21st August after talks failed to produce a reasonable pay offer, says Unite union

Asharq Al-Awsat · Aug 5, 2022

Saudi Revenues Jump 50% in 1st Half of 2022, with $36 Bn Surplus

In a performance that exceeded the targeted budget surplus for 2022, the Saudi Ministry of Finance disclosed on Thursday a record increase in revenues during the first half of this year, driven by a surge in oil prices and the fast growth of the non-oil sector. Experts told Asharq Al-Awsat…

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