The Latest Breaking News from Economy

"Tough times" to continue in UK economy, Bank of England deputy governor warns

Sir Dave Ramsden was speaking on a visit to Newcastle where he said it was the Bank's main priority to bring inflation down to 2%

Birmingham Post · Jul 14, 2022

Historic Midlothian castle hopes to build luxury camping pods in grounds

Hotel owners say the additional accommodation will help secure the future of the historic Category-A listed building as well as boosting the local economy

Edinburgh Live · Jul 14, 2022

Liz Truss: Who is the foreign secretary hoping to become Tory leader?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt

The Independent UK · Jul 14, 2022

Economists: More rate hikes won't help

After June's inflation numbers, the Fed is likely to push rates higher — at the risk of sparking a recession

Salon · Jul 14, 2022

Russia's war in Ukraine 'greatest challenge' to global economy, says Yellen

BALI, Indonesia: Russia's war in Ukraine poses the greatest threat to the global economy, US Treasury Secretary Janet Yellen said Thursday as G20 ministers prepare to start talks in Indonesia.

Bangkok Post · Jul 14, 2022

UK leadership contender Truss pledges "upward trajectory" for economy by 2024

Foreign Secretary Liz Truss pledged to get the British economy on an "upward trajectory" by the time of the next national election in 2024 as she set out her pitch on Thursday to replace Boris Johnson as prime minister.

Reuters · Jul 14, 2022

Just transition needed ‘at pace’ amid cost of living crisis

New report warns that government must make changes to decarbonise Scotland’s economy

Insider UK · Jul 14, 2022

Russia's war to keep hitting EU economy, push up inflation

European Union expects Russia’s war in Ukraine to wreak havoc with the economic recovery for the foreseeable future through lower annual growth and record-high inflation

The Independent UK · Jul 14, 2022

Commentary: Biden’s economy is steering us into recession

If you’re having trouble making it from paycheck to paycheck, you’re hardly alone. A majority of Americans tell pollsters they feel the economy is not in good shape and getting worse. People are now demonstrably poorer than when President Joe Biden took office. Although wages have risen, prices have risen…

Tribune News Service · Jul 14, 2022

Sri Lanka's crisis is not just about the economy, but a long history of discrimination against minority groups

Sri Lanka is in the grip of an economic, political and humanitarian crisis.

The Conversation · Jul 14, 2022