The Latest Breaking News from Economy

Windfall

The BCCI should use its earnings to develop infrastructure and promote women’s cricket 

The Hindu · Jun 15, 2022

China's Resilient May Data Offers Glimmer Of Hope, But NBS Warns Of Challenges Ahead

The Chinese economy is recovering from the slowdown seen in the wake of the COVID-19 lockdowns in late-March and for much of April. A trio of data released by the China National Bureau of Statistics showed that retail sales, industrial production and fixed-asset investment, all came in better than expected.

Benzinga · Jun 15, 2022

Russia rakes in nearly $20bn from oil exports in May

Rise in revenues is setback for west’s efforts to hit Russian economy in wake of Ukraine invasion

The Guardian - UK · Jun 15, 2022

PMQs: Keir Starmer in Love Island and Jabba The Hut jibes at Boris Johnson

Labour’s under fire leader Sir Keir Starmer compared Boris Johnson to a contestant on Love Island who was giving the public “the ick” on Wednesday as he stepped up his attacks on the Prime Minster over his handling of the economy.

Evening Standard · Jun 15, 2022

Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy

Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and spur the economy in an election year despite economists' warnings of blowback in 2023.

Reuters · Jun 15, 2022

Starmer: Love Island-style PM could be booted out for giving voters the ‘ick’

The Labour leader also compared Boris Johnson to the Star Wars gangster Jabba the Hutt.

The Independent UK · Jun 15, 2022

Over 100 CEOs Including Alphabet, Amazon, Microsoft Press For China Competition Bill

A broad coalition of 123 CEOs and senior executives representing major sectors of the American economy and millions of U.S. workers urged Congress to pass legislation to amplify U.S. economic competitiveness, including in chip manufacturing. The Semiconductor Industry Association (SIA), which organized the letter signing, claimed it was the largest group…

Benzinga · Jun 15, 2022

‘Jabba the Hutt’ Johnson attempting to play ‘Jedi mind-tricks’ on country, Starmer says

‘The problem is, the force just isn’t with him anymore,’ Labour leader says

The Independent UK · Jun 15, 2022

Keir Starmer quotes Love Island and Star Wars in PMQs attack on 'deluded' Boris Johnson

Bruised by criticism over last week's lacklustre PMQs performance - and negative briefings that colleagues think he's boring - Keir Starmer came out fighting

Daily Mirror · Jun 15, 2022

The last two recessions hit young people hardest – here's how you can protect yourself for the next one

After the pandemic and now a cost of living crisis, it seems unthinkable that the economic situation could get worse. But experts are pretty certain that the UK economy will flatline in 2023, and some are even murmuring that a recession could happen this year.

The Conversation · Jun 15, 2022