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The Latest Breaking News from Economy

Biden official says more sanctions are needed to counter Russia war economy

Daleep Singh said that sanctioning third parties that trade with Russia is needed, in addition to seizing assets for Ukraine

The Guardian - UK

Is the Bottom Near in Crude Oil?

Nearby crude oil prices are hovering around the crucial $80 per barrel level. Despite a bearish trend since the mid-April high, the energy commodity that fuels the global economy has traded in a sideways pattern throughout May. This consolidation phase could mark a significant bottom for crude oil.

Barchart

Only one in five Latinos think the economy is doing well, the lowest of any U.S. group

The figure is comprised by one in four Democrats and a little over 10% of Republicans from this demographic, according to a report by the Pew Research Center

Latin Times

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Jamie Dimon is right. The number of U.S. public companies is plummeting—and that’s bad news for the democratic component of the economy

Without taking the right measures to allow companies to grow and prosper in the public markets, America could lose its edge.

Fortune

Shanghai Lifts Home-buying Curbs To Boost Property Sector

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy.

International Business Times

Swiftonomics: what we can learn from Singapore multiplying millions from Taylor Swift’s Eras tour

When Taylor Swift picks a country to “Shake It Off”, it might help the nation’s economy to shake off the impacts of the global economic slowdown.

The Conversation

Future Made in Australia will boost sustainable growth and create jobs as far as it goes, but it doesn’t go far enough

The shift towards net zero emissions and greater international competition have created new opportunities for clean energy industries – poised to shape the global economy in the coming decades.

The Conversation

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Labour accuses Sunak of taking election cash from ‘Liz Truss fanboy’ who backed her mini budget

Exclusive: Labour has hit out at the Tories’ first major election donor for previously supporting Liz Truss’s disastrous mini budget

The Independent UK

JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

International Business Times UK

US economy to benefit from NASA investment in 3D-printable superalloy

"Adoption of this alloy will lead to more sustainable aviation and space exploration."

Space

BOJ Proceeds Cautiously With Inflation Targeting Frameworks

Bank of Japan proceeds cautiously with inflation targeting frameworks to stabilize and stimulate the economy.

Top News

Argentina's Milei Promises Major Tax Cuts With Reforms Approval

Argentinian economist Javier Milei proposes significant tax cuts to boost economy and attract investment, facing both support and criticism.

Evening Standard

Labour and Tories clash on economy in first weekend of election campaigning

Parties trade blows over tax cuts as first weekend of general election campaign gets underway

The Guardian - UK

‘We didn’t fight for this’: ANC’s grip on power in peril in South Africa election

Thirty years after the end of apartheid, corruption is rife, crime is high and the economy is a mess. The party of Mandela admits it ‘made mistakes’. But will the people forgive them?

Evening Standard

Labour and Tories fight over economy as Hunt and Reeves drop tax cut hints

Rachel Reeves made a Thatcher-style commitment to ‘sound money’ while Jeremy Hunt dangled the prospect of further tax cuts as campaigning continues.

The Independent UK

Origami vibes: Skoda Kamiq SE L

The 2024 update is a highly competent and roomy car which rewards with acceptable performance and pleasing economy, writes Sean O’Grady. It might well be all the car you and your family need

The National (Scotland)

Labour and Tories only see Scotland's natural resources as cash cow – John Swinney

JOHN Swinney has called for people in Scotland to unite behind his vision for a Scottish economy...

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