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The Latest Breaking News from Economy

Brexit betrayal: Leave voters turn against UK government over broken promises on borders and economy

Leave support...has basically gone back to being extremely doubtful about our politicians, says polling expert Sir John Curtice

Evening Standard

Myanmar's economy in crisis as civil strife disrupts trade and livelihoods

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

The Independent UK

Another washout for Rishi Sunak as rain dampens UK growth

GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

The Guardian - UK

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Stock market today: Asian shares are mixed ahead of a Fed decision on interest rates

Shares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates

The Independent UK

UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month.

International Business Times

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The economy flatlined due to wet weather hitting retail sales over the Easter period, following growth of 0.4% in March

The Independent UK

Economy fails to grow in sodden April in new blow to Rishi Sunak

The latest ONS growth figures come ahead of the Bank of England’s decision on interest rates next week

Evening Standard

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UK economy flatlines in blow to Rishi Sunak’s hopes of recovery

April growth figure 0% as Britain held back by poor retail and construction activity amid wet weather

The Guardian - UK

UK GDP stagnated in wet April; Wall Street hits record high as US inflation falls – as it happened

UK GDP failed to grow in April, as wet weather hit retailers and construction firms

The Guardian - UK

From ‘hug a husky’ to ‘max out the oil’: the Tory environmental journey

We look back through 14 years of Conservative manifestos at policies on net zero, energy, transport and more

The Guardian - UK

Is Pakistan’s crisis-ridden economy finally recovering?

Inflation is down, forex reserves are up. But analysts warn it’s early days, and everyday people are yet to benefit.

Al Jazeera

Mexican President-elect Says Investors Have Nothing To Fear

Mexican president-elect Claudia Sheinbaum said Tuesday that investors had nothing to fear from proposed judicial reforms that have rattled confidence in Latin America's second-largest economy.

International Business Times

‘Sanctions hole’: how secretive routes supply Russia with western tech and consumer goods

German exports of cars to Kyrgyzstan are up 5,100% since the start of the Ukraine war – with other routes channelling luxury goods and computer chips

The Guardian - AU

Coalition roasted over 2030 emission target backtrack

Some opposition MPs have been caught off-guard by coalition plans to drop 2030 emission reduction targets, as the prime minister hits out at the move.

AAP

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The Independent UK

Green Party will vow to raise taxes on richest to fund public services in election manifesto

Millionaires and billionaires will pay more to improve improvements to health, housing, transport and the green economy, the Greens said ahead of their manifesto launch in Brighton on Wednesday.

Fortune

Norway just loosened China’s stranglehold on rare minerals critical to the global economy—and it’s a huge win for Europe and the U.S.

China currently processes 90% of the world’s rare elements; breaking that dominance is a top priority for Europe and the U.S.

AAP

Banks, super firms slow to step up as nature protectors

A conservation body says financial institutions are realising natural factors can damage the economy, but are not proactive enough in mitigating those risks.

AAP

Chalmers eyes soft landing amid budget criticism

The pressure on Australia's economy from higher interest rates justifies the decision not to deliver a "slash and burn" budget, Treasurer Jim Chalmers says.

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The Conversation

How 14 years of Conservative rule has made council bankruptcy commonplace

A growing number of councils in England have declared bankruptcy since 2018, most recently Nottingham, Woking, Thurrock and Birmingham. With the situation in the devolved nations of the UK looking similarly precarious, the question of quite what has happened to local government finances in the UK is an urgent one.

International Business Times

EU Urged To Welcome Skilled Russians To 'Bleed' Putin Regime

A group of exiled Kremlin critics on Tuesday urged EU countries to do more to welcome Russians fleeing Vladimir Putin's regime, arguing that a shortage of skilled workers would deal a blow to the country's war-time economy.

Evening Standard

Back to flat: GDP growth set to hit zero as the economy struggles to expand

Official numbers for April predicted to make grim reading in Downing Street and add to calls for the Bank of England to cut interest rates

International Business Times

World Bank Upgrades Global Growth Outlook On Resilient US Economy

The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.

The Independent UK

World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year

The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States

The Independent UK

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting

Asian stocks are mixed in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve

Evening Standard

Airports boom during busy half-term as Brits seek sun

THE economy might be steady at best, but airports are booming as people look to get out of the UK, at least on holiday.

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