The Latest Breaking News from Economy

French debt levels back in focus as government gets to work

France’s new government reaffirmed the country’s pledge to lower debt after the COVID-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent the economy from crashing.

Tribune News Service · May 21, 2022

'Partygate was serious but now its done its time for action regarding the economy'

With Partygate almost behind them and the government saying there are bigger fish to fry now is the time for them to finally act on the economy.

Daily Mirror · May 21, 2022

Survivor, Bachelor in Paradise, Love Island: How Fiji is cashing in on reality TV favourites

Fiji is a small nation looking for big investment and it is working hard to make film and reality television productions a "major pillar" of its economy.

ABC News · May 21, 2022

What 9 per cent inflation means for you as rate hits 40-year high in biggest squeeze on cost of living for decades

Millions of households are under pressure to cut back on spending as prices soar

Manchester Evening News · May 21, 2022

Wall Street’s final-hour rally saves it from maw of bear market

Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.

Chicago Sun-Times · May 21, 2022

Will a $15.50 minimum wage hurt or help California's economy?

California's minimum wage is likely to rise to $15.50 an hour in January because of inflation, said Gov. Gavin Newsom on Thursday.

Tribune News Service · May 20, 2022

2 Recession Stocks to Buy Right Now

Multi-decade-high inflation and aggressive Fed rate increases might push the economy into a recession. So, investors looking to mitigate a market downturn should invest in Dollar Tree (DLTR) and Vertex Pharmaceuticals (VRTX), as they could deliver stable returns because their businesses enjoy a near-inelastic demand.

StockNews.com · May 20, 2022

Yellen's global tax plan meets resistance abroad and at home

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy

The Independent UK · May 20, 2022

2 Top Foreign Bank Stocks to Buy Now

Investors usually seek opportunities to diversify their portfolios by investing in foreign stocks to mitigate the risks associated with the domestic economic and market conditions. Amid the current uncertainties surrounding the domestic economy, investing in foreign banks could allow investors to cash in on different macroeconomic trends. Therefore, we think…

StockNews.com · May 20, 2022

Biden’s Approval Dips to Lowest of Presidency

resident Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of US adults approve of Biden’s performance as president, according to the poll from The Associated Press-NORC Center…

Asharq Al-Awsat · May 20, 2022