The Latest Breaking News from Economy

'Queen's Jubilee is an insult to struggling Brits and WON'T boost the economy'

Despite royalists claiming the Queen's Platinum Jubilee will help Britain's economy amid the cost of living crisis - the stats show a very different picture, argues Liam Gilliver

Daily Mirror · Jun 1, 2022

Large landlords in Germany consider rent increases as inflation soars

Germany's largest residential landlord Vonovia will increase rents if high inflation rates persist, its chief executive officer said, as consumer prices in Europe's biggest economy have reached the highest level in nearly half a century.

Reuters · Jun 1, 2022

‘Resilient’: Consumers help economy weather Omicron, floods as household outlook sours

Australian households spent more money eating out and traveling the country over the March quarter, helping the national economy weather disruptions.

The New Daily · Jun 1, 2022

Unexplained tax revenue growth vexes budget scorekeepers  - Roll Call

Analysis: The CBO’s latest budget and economic outlook, which describes recent strength in federal tax receipts, is a head-scratcher.

Roll Call · Jun 1, 2022

National income is climbing, but the share going to wages is shrinking: 6 graphs that explain the economy

Australia’s economy edged closer back towards normal in the three months to March, growing by 0.8% in the quarter (which is towards the upper end of economic growth before COVID hit in early 2020) and 3.3% over the year to the March (which is somewhat higher than before the pandemic).

The Conversation · Jun 1, 2022

As the World Sanctions Russia, China Takes Note

China’s reliance on the West and its capacity to withstand sanctions will be reduced if it has more control over the financial system. While it is working towards becoming less economically dependent on the West, it is not there yet.

The News Lens · Jun 1, 2022

Italy Imports More Russian Oil despite Impending Embargo

Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil embargo…

Asharq Al-Awsat · Jun 1, 2022

Russia-Ukraine war: List of key events, day 98

As the Russia-Ukraine war enters its 98th day, we take a look at the main developments.

Al Jazeera · Jun 1, 2022

EU Commission likely to unblock Poland's recovery plan on Wednesday

The European Commission is likely to approve on Wednesday Poland's multi-billion-euro plan for rebuilding the economy after the COVID-19 pandemic, which has been blocked by a dispute over Warsaw's rule-of-law practices, EU officials said.

Reuters · Jun 1, 2022

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

The Independent UK · Jun 1, 2022