The Latest Breaking News from Economy

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

AAP · May 11, 2022

Yoon Suk-yeol faces tough challenges. Is he up to the job?

Yoon Suk-yeol faces range of ‘complex crises’, from N Korean nuclear tests and US-China rivalry to a slowing economy.

Al Jazeera · May 11, 2022

UK to reform spy laws to tackle threats from cyber and state influence

Britain will overhaul its espionage laws in the face of threats to national security ranging from cyber-attacks to pernicious lobbying that could undermine its economy, the country's interior minister said on Wednesday.

Reuters · May 10, 2022

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

Benzinga · May 10, 2022

Yellen trip to Capitol detours into tense abortion debate

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy

The Independent UK · May 10, 2022

Biden says inflation is ‘hurting’ US families, blames pandemic

WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.

Tribune News Service · May 10, 2022

Queen’s Speech: Boris Johnson accused of abandoning families to poverty

‘Their time has passed’: Keir Starmer accuses government of failing to address pressing issue of the moment

The Independent UK · May 10, 2022

US treasury secretary warns eliminating abortion access will damage economy and ‘set women back decades’

Janet Yellen tells Senate committee that restrictions on abortion care increase odds of ‘living in poverty or need for public assistance’

The Independent UK · May 10, 2022

Rishi Sunak to weaken City regulation in post-Brexit nod to Tory donors

Chancellor to get rid of EU regulatory regime in financial services sector and replace it with a UK-specific one

The Guardian - UK · May 10, 2022

Movie review: 'The Innocents' a powerful horror film about supernaturally gifted children

The babes in the woods of Eskil Vogt’s “The Innocents” are some of the scariest kids you’ll see on movie screens this year. Bored over the summer holidays and living in a large Norwegian housing development, they while away the long summer hours inflicting a kind of casual cruelty on…

Tribune News Service · May 10, 2022