The Latest Breaking News from Economy

Yellen: inflation to 'remain high;' hopes it's 'coming down'

Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy

The Independent UK · Jun 7, 2022

Out of the Box Thinking for Today’s Market

I remember the end of March 2020, when the S&P 500 (SPY) started ripping higher, following a more than 35% decline over the previous few weeks. At the time, the consensus was that this was a bear market rally or an oversold bounce given the uncertainties involved. However, I remember…

StockNews.com · Jun 7, 2022

‘BJP has pushed country’s economy back by decades’

Belagavi

The Hindu · Jun 7, 2022

Prayut: Central bank agrees to keep policy rate steady

The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

Bangkok Post · Jun 7, 2022

Mum divides opinion after passenger 'swears at her' for reclining seat on flight

Taking to Mumsnet, the woman explained that she suffers from back pain and had paid extra for a seat in economy.

Daily Record · Jun 7, 2022

Pound wobbles amid concerns for economy after Tory leadership vote

The City is braced for a tough summer as it weighs up Britain’s prospects

Evening Standard · Jun 7, 2022

30-day visa on arrival for Saudi visitors

The cabinet on Tuesday resolved to allow Saudi Arabian visitors to get an extended 30-day visa on arrival, to help stimulate the economy.

Bangkok Post · Jun 7, 2022

Treasurer warns of ‘severity and magnitude of inflation challenge’ after RBA hikes official interest rate

Jim Chalmers responds to Reserve Bank decision to lift cash rate 50 basis points as Anthony Albanese declines to comment during Indonesia trip

The Guardian - AU · Jun 7, 2022

London’s economic recovery shows ‘levelling up’ struggles; stagflation fears rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jun 7, 2022

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

Asharq Al-Awsat · Jun 7, 2022