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The Latest Breaking News from Economy

Firms pushed to cheat to win work as budgets blow out

Construction projects are facing cost blowouts, as firms vying for work are encouraged to cheat amid a "race to the bottom" to win contracts, an inquiry heard.

AAP

'Trust me' with your money, Rachel Reeves tells voters across UK as July 4 polling day looms

EXCLUSIVE: Shadow Chancellor speaks to The Standard on tax, the City after Brexit and Heathrow expansion

Evening Standard

The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

What are the Conservatives really saying when they say ‘don’t surrender’ to the Labour party?

Rishi Sunak and the Conservatives have gone from encouraging people not to vote for their opponents, to telling them “don’t surrender” to Labour. The Conservatives have said that a Labour vote would mean surrendering the economy, their pension and their children’s education, among others.

The Conversation

16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

International Business Times UK

Why has the UK’s economy grown so slowly under the Tories?

Economic growth under Conservative government is lowest since 1826, experts say.

Al Jazeera

I simulated each UK party’s first years in government in a video game, and the results were awful

For the past week, I’ve been feeding UK party manifestos into the politics management game, to simulate their results five years on … Are you ready to be dismayed?

The Guardian - UK

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'India Superior Over Any Emerging Market': 5 Things To Consider If You Want To Expand Your Business There

India is a bright spot amid global economic uncertainties with strong macroeconomic fundamentals, high saving rates and political stability.

International Business Times UK

Obsession with growth is enriching elites and killing the planet. We need an economy based on human rights

Economic growth allows the few to grow ever-wealthier. Ending poverty and environmental catastrophe demands fresh thinking

The Guardian - UK

Hunter workers join ACTU push for net zero authority support in Canberra

The Net Zero Economy Authority legislation is before the Senate.

Newcastle Herald

She could soon be the UK’s first female chancellor – but who is Rachel Reeves?

The 45-year-old has the perfect CV for the role, with experience at the Bank of England and in private finance – but how has her background shaped her tough stance on public finances?

The Guardian - UK

Labour more trusted than Tories on economy and stock market according to poll by investment platform XTB

Conservative attacks on Labour’s approach to the economy appear to have failed with Sir Keir Starmer’s party leading the Tories by 13 points in the key electoral battleground of the economy.

Evening Standard

French stocks jump in post-election relief rally as hung parliament looms

Paris's CAC 40 index jumps at the open after losing more than 6 percent last week, as investors calculate the possibility of a hung parliament in Europe's second-largest economy. Plus, we take a closer look at France's public debt and the spending plans of the far-right National Rally and the…

France 24

Will Iran’s foreign policy change under a new president?

The two candidates offer different approches, but whoever wins won’t be the sole decision-maker in Iran’s system.

Al Jazeera

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The Independent UK

Surveys show Chinese economy growing but at modest pace

Surveys of Chinese factory managers show a mixed outlook for the world's No. 2 economy, with growth steady but not picking up much steam

Latin Times

California, Texas and New York among top states projected to have highest demand for work visas by 2030

As the U.S. economy relied more heavily on migrant labor, this report shows which states and occupations may see the highest migrant demand in the years to come

The Independent UK

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish

The Guardian - UK

TV tonight: Tim Harford’s long, hard look at Britain’s broken economy

The Financial Times columnist asks why younger generations are no longer expected to be wealthier than their forebears. Plus: House of the Dragon takes off. Here’s what to watch this evening

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news in one place.

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AAP

More cracks in labour market as fewer job ads posted

The number of job ads posted each month is tapering off in a sign of a labour market weakening from a strong starting point.

Fortune

The U.S. deficit is nearly as big a Russia's economy, and there's a 'vicious' feedback loop that could make it worse

The CBO's new estimate for the fiscal 2024 deficit is now $1.9 trillion, up from its prior view for $1.6 trillion issued in February and up from the 2023 deficit of about $1.7 trillion.

The Conversation

NZ’s productivity stagnation requires a long-term plan from politicians. Here’s how

In the ups and downs of the global economy over the last decade, New Zealand has had one relatively consistent challenge: persistent productivity stagnation.

The Guardian - UK

Soaring government debt could roil global financial markets, warns BIS head

Agustín Carstens says world economy on course for ‘smooth landing’ after inflation but political turmoil poses risk

AAP

Coercive control, bail tweaks begin protecting women

Almost two years after passing parliament, laws criminalising coercive control have taken affect in NSW in a nation-first move designed to protect women.

The Guardian - US

What can lipstick and underwear sales tell us about the economy?

Some look beyond typical metrics like GDP and job data, but these alternatives shouldn’t be taken seriously

The Guardian - UK

The baby bust: how Britain’s falling birthrate is creating alarm in the economy

Costs, the climate crisis and choice are all factors in a demographic revolution presenting huge challenges for government

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