The Latest Breaking News from Economy

Edinburgh games tech firm buys AI business

Acquired company's chief executive becomes new chief AI officer

Insider UK · May 18, 2022

Robinhood on Volatility, Regulation, and the New Retail Investor - Roll Call

Robinhood Chief Legal Officer Dan Gallagher joins Fintech Beat on changes in the economy and regulation mean for the company.

Roll Call · May 18, 2022

Sri Lanka's economic crisis: 'It's not looking good' for Rajapaksa family

Sri Lanka is in the grip of its worst economic crisis in decades, facing depleted petrol reserves, food shortages and a chronic lack of medical supplies. More than a month of mainly peaceful protests against the government's handling of the economy turned deadly last week when supporters of the former…

France 24 · May 18, 2022

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

The Guardian - UK · May 18, 2022

Berlin... Ukraine Crisis to Birth New Era Bearing Putin’s Fingerprints

Journalists are like grave diggers. They live off the tragedies of the world. They dream of being present at major turns and events that are usually soaked in blood, costly to the economy and beget refugees. They find joy in writing from within upheaval. In that tradition, I am writing…

Asharq Al-Awsat · May 18, 2022

GMB host Richard Madeley makes bet with Liz Truss over windfall tax after Tory MPs vote it down

The GMB host said he would make a bet with the Foreign Secretary Liz Truss that the government would perform a u-turn on the Labour plan.

Daily Record · May 18, 2022

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

Evening Standard · May 18, 2022

Japan's quarterly economy contracts as energy prices soar

Japan’s economy shrank at an annual rate of 1% in the first quarter, as rising prices and COVID-19 restrictions deadened spending and investment

The Independent UK · May 18, 2022

Trevelyan plans to ‘de-Putinise’ world economy by ending reliance on Russian gas

International Trade Secretary Anne-Marie Trevelyan will set out plans to boost green technology to help wean countries off fossil fuels.

The Independent UK · May 17, 2022

Powell says Fed will ‘keep pushing’ until inflation comes down

Federal Reserve Chair Jerome Powell, in his most hawkish remarks to date, said the US central bank will raise interest rates until there is “clear and convincing” evidence that inflation is in retreat.

Tribune News Service · May 17, 2022