The Latest Breaking News from Economy

Govt. committed to converting Kerala into knowledge economy: Minister

Golden jubilee block of Arts and Science College opened

The Hindu · May 12, 2022

Why IronSource Shares Are Falling Today

IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross margin contracted 200 bps to 85% as the costs soared 99% Y/Y. The non-GAAP adjusted EBITDA margin contracted 200 bps to 31%. Non-GAAP EPS of $0.05 beat the consensus of…

Benzinga · May 12, 2022

What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

Evening Standard · May 12, 2022

Ignore the doomsayers, our economy isn’t going to hell in a handcart

Most commentary on the UK economy is relentlessly negative at the best of times, and with the cost of living soaring and the pound sinking these are far from the best of times. So a new report from the Resolution Foundation into the UK’s “Enduring Strengths” makes for a refreshing…

Evening Standard · May 12, 2022

A UK recession seems certain – the question is how deep will it be

Analysis: Rising prices, a tight labour market and a falling pound – the economy ticks every warning box

The Guardian - UK · May 12, 2022

Recession fears as UK economic growth slows to weakest seen so far this year

Official figures showed that the UK economy contracted in March as fears mounted that the cost of living crisis would send the country into recession

Manchester Evening News · May 12, 2022

Overturning Roe could reverse economic gains

An end to Roe could set back the economy.

Axios · May 12, 2022

Chinese city offers Nobel Prize winners $1.5 million housing subsidies

The industrialised Chinese coastal city of Wuxi is offering Nobel Prize winners up to 10 million yuan ($1.48 million) in housing subsidies to attract top talent in a national economy that is shifting towards innovation-driven development.

Reuters · May 12, 2022

UK recession fears grow as rising inflation set to leave more Scots struggling

Tory ministers are under mounting to pressure to get to grips with the cost of living crisis amid predictions the UK economy is heading for recession.

Daily Record · May 12, 2022

UK recession fear as cost of living crisis deepens

Weakest growth for a year

Wales Online · May 12, 2022