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The Latest Breaking News from Economy

Fresh Economic Data Raises Questions About Fed Rate Cuts

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

International Business Times

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said in a downgrade from its previous estimate

The Independent UK

Qatar's offer to build 3 power plants to ease Lebanon's electricity crisis is blocked

Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricity crisis

The Independent UK

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Job sectors to watch out for in 2024

With emerging technologies reshaping the workforce, is it time to explore the sectors poised for growth?

The Independent UK

Global Stocks Sink On Rising Bond Yields Ahead Of Critical US Reports — A Typical Correction Or Something More Serious?

The critical driver behind rising bond yields worldwide is stubbornly high inflation, thanks to robust consumer spending in the world's largest economy and supply-side pressures. These pressures prevent central banks from easing monetary policy.

International Business Times

Eurozone unemployment falls to record low; US GDP growth revised down – as it happened

BCC calls for improved relations with the EU to cut the costs for business, while sticky inflation worries markets

The Guardian - UK

Google To Invest Billion In Malaysia For Data Center

Google and Microsoft's investments in Malaysia's cloud infrastructure set to boost economy and job creation, with Google's billion data center and Cloud...

Top News

‘Sticky’ inflation is not falling – but it’s not rising, either. Why should that mean another RBA rate hike?

It’s worth remembering the RBA’s 2% to 3% inflation target is an arbitrary goal. Do we really need to hit households again with higher rates?

The Guardian - AU

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Fortune

Germany's aging population is dragging on its economy—all of Europe will soon be affected, and it's only going to get worse

Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.

Evening Standard

TfL's Friday off-peak Tube and bus fares trial ends this week

The three-month trial was aimed at bolstering London’s economy by encouraging Londoners back into offices and onto public transport on Friday

The Guardian - US

‘Bidenomics’ is not convincing Michigan’s must-win swing county. Will voters turn back to Trump?

Democrats try to connect the dots as some in Saginaw wonder if Trump is ‘just a better fit with the economy’

The Independent UK

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

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France 24

South Africa's election turns into referendum on ANC's economic legacy

As South Africans vote in the country's general election this Wednesday, we focus on the state of the economy after three decades under the rule of the African National Congress. In this edition, we see how the country's crumbling energy infrastructure has hampered economic activity and explore the reasons behind…

Fortune

The future is a state of mind: What it takes to build a future-ready company

The best and most future-ready CEOs and leaders know how to balance prudence and patience with ambition and experimentation.

The Independent UK

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

The Independent UK

Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street

Shares have fallen across Asia after a mixed session on Wall Street

Top News

Consumer Confidence Improves In May Due To Job Market

Consumer confidence in the US economy improves in May driven by positive job market outlook despite inflation concerns.

International Business Times

'Two Mexicos' Prepare To Vote Amid Economic Divide

One runs an aerospace parts maker, the other works in a restaurant near a major new oil refinery -- both women will vote in Mexican elections this weekend, but they could be from different countries.

France 24

South Africa heads to polls as unemployment and inequality grip the nation

When South Africa's ANC, founded by Nelson Mandela, swept to power in 1994, it promised "a better life for all". But today, South Africa is worse off than it was 30 years ago and the ruling party could lose its parliamentary majority in Wednesday's election, with voters frustrated with soaring…

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