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The Latest Breaking News from Economy

UK politics: minister cites ‘strict spending controls’ amid calls to scrap two-child benefit cap – as it happened

Environment secretary Steve Reed says Labour must ‘stabilise the economy after 14 years of Conservative chaos’

The Guardian - UK

Environment secretary says water bill rises ‘result of years of failure,’ utilities sign up to reforms – as it happened

Clean water campaigner Feargal Sharkey accuses Ofwat of ‘utter disregard for customers and environment;’ US inflation falls more than expected to 3%

The Guardian - UK

UK economy back to growth as it expands faster than expected in May

Britain’s GDP grew by 0.4 per cent in May, after no growth was recorded in April due to low consumer spending

The Independent UK

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UK economy jumps back with 0.4% growth as Chancellor Rachel Reeves hails start of 'decade of national renewal'

The Labour Government is banking on boosting economic growth to fund billions more into public services

Evening Standard

Surprise growth boost for Labour as GDP rises by 0.4% in May

ONS figures show gross domestic product rising faster than predicted after flatlining in April

The Guardian - UK

Schlitter: Evil in the Woods review – tightly crafted horror turned DIY torture tutorial

Director Pierre Mouchet’s film is a showcase of economy, style and woodwork skills as three friends stay over at a lumberjack’s house and experience his ingenious ways to inflict pain

The Guardian - UK

Rachel Reeves says the UK’s public finances are in a dire state – but here’s why I’m cautiously optimistic

The markets haven’t imploded, sterling is solid, and there is no flight of investors – and given the circumstances, the only way is up, says Guardian economics editor Larry Elliott

The Guardian - UK

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Why neither growth nor degrowth make sense as long-term objectives for Australia’s economy

What we need to reduce is the ‘throughput’ of the residual industrial economy

The Guardian - AU

60% of newly-arrived migrants have found jobs and are boosting the U.S. economy, study shows

A report by the Dallas Fed explained that recent immigration has added nearly two million newly-employed workers, contributing to higher GDP growth

Latin Times

African urbanisation: what can (and can’t) be learned from China about growing cities

The economic growth paths of Asian and African countries have often been compared. China, with gross domestic product per capita of US$251 in 1987, was poorer than most African countries at the time. Uganda’s GDP per capita was US$392, Zambia’s US$319 and Ghana’s US$354. Yet today China has GDP per…

The Conversation

Can Penji solve the problem of creative work in the gig economy?

How a per-project platform lets you cast a wide net for a designer and claims to assure quality.

Creative Bloq

Chinese auto exports surge, partly offsetting a sales slump at home

China has reported its auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home

The Independent UK

‘This is something that divides us’: Ecuador’s turbulent transition from oil dependence

With economic crises bearing down on the government, honouring the result of a referendum that demanded an end to drilling in a national park is proving difficult

The Guardian - UK

Federal Reserve Considers Cutting Interest Rates Amid Cooling Job Market

Federal Reserve considers shifting focus from inflation to job market due to cooling economy.

Top News

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The Times of India

Why Nato is losing patience with Canada, Justin Trudeau

Despite its strong economy and significant contributions in other areas, Canada’s military budget falls short of the Nato target, frustrating allies and raising concerns about the country's commitment to collective defense.

The Guardian - UK

‘It’s like Where’s Wally in broken Britain’: Ben Jennings on his Tory-era take on A Rake’s Progress

A millennial navigates the gig economy, fights in pubs and gets kettled on a demo in Snowflake’s Progress, the Guardian’s political cartoonist’s Hogarthian epitaph for the last 14 years of Conservative rule

The Independent UK

Federal Reserve faces a cooling job market as Chairman Powell suggests move towards cutting interest rates

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

Fortune

Mayor of Athens says tourism in Greece isn't ‘viable’ anymore as each visitor only adds €0.40 to the economy

Last year, 33 million tourists visited Greece—over thrice the country’s population. But tourism is a double-edged sword for the historic country.

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The National (Scotland)

Scotland's economy slows in June but continues to beat many parts of the UK

THE Scottish economy slowed in June but continues to beat many other parts of the UK, a key survey has found ...

The Conversation

Australia’s professional services sector is being used to launder money. It’s time for tougher laws

Australia’s stable political and legal systems – and relatively resilient economy – make it an attractive place to do business.

Fortune

Menopause stigma is impeding women’s career growth, survey says. Here’s how a lack of support is hampering ambition—and the economy

More than three in four women reported having no workplace accommodations for menopause.

Fortune

Interest rates be damned: 3 reasons JPMorgan's commercial banking clients are optimistic about the U.S. economy

JPMorgan clients generating as much as $2 billion each said they were optimistic about the economy despite high interest rates, geopolitical concerns, and uncertainty around the U.S. election.

Newcastle Herald

Harnessing the will and capability to make things here

Government focused on reindustrialising suburbs and regions

Evening Standard

Labour’s economy kickstart & England Euros ‘£16K tickets rush’ ...The Standard podcast

Plus, a fully automated transcript of today’s episode

The Guardian - UK

Guyana banks on future as a ‘new Qatar’ in high-stakes gamble over oil production

With newfound oil wealth reshaping the economy, can the country balance growth with sustainable development?

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