The Latest Breaking News from Economy

Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

Caixin Global · Jun 6, 2022

Qatar Reports Record Improvement in Non-Energy Private Sector Activity

The latest Purchasing Managers’ Index (PMI) survey data from the Qatar Financial Center (QFC) signaled a record improvement in business conditions in the non-energy economy in May 2022. The PMI increased to a new record high of 63.6 in April, up from 61.8 in March. This indicated the strongest overall…

Asharq Al-Awsat · Jun 6, 2022

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - AU · Jun 6, 2022

70 years on and UK still mistakenly looks for economic miracle cure

During Queen’s reign, country has tended to move quickly from national gloom to premature belief that it has finally ‘cracked it’

The Guardian - UK · Jun 5, 2022

Death of the industry that built St Helens

The town's economy was built on two key industries

Liverpool Echo · Jun 5, 2022

Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation

The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.

The Conversation · Jun 5, 2022

‘We’re still struggling’: low unemployment can’t hide impact of low wages and rising inflation

Workers in Las Vegas are still feeling the effects of employers’ pandemic cuts – all made worse by rising inflation and low wages

The Guardian - US · Jun 5, 2022

Passengers told to avoid Tube on Monday during 24-hour RMT strike

Members of the Rail, Maritime and Transport union are walking out over jobs and pensions.

The Independent UK · Jun 4, 2022

Lessons learned from an analyst’s journey into COVID-Zero China

Wenting Shen usually travels to China annually as part of her job as an analyst and portfolio manager at investment company Harding Loevner, but the country’s strict “COVID Zero” policies and this year’s Winter Olympics in Beijing made it almost impossible to book a flight.

Tribune News Service · Jun 4, 2022

U.S. firms in China putting profit before human rights

WASHINGTON/BEIJING -- While China and the United States do not see eye to eye on many political issues, economic mutual dependence is growing stronger among their companies, regions and consumers. The U.S. government is wary of becoming excessively dependent on China and is seeking to "decouple" from China's economy in…

The Japan News/Yomiuri · Jun 4, 2022