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The Latest Breaking News from Economy

IMF Slightly Downgrades US Economic Forecast For 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained "robust, dynamic, and adaptable to changing global conditions."

International Business Times

Mongolians Vote As Anger Grows Over Corruption And Economy

Mongolians go to the polls in parliamentary elections on Friday, with the ruling party widely expected to win despite deepening public anger over corruption and the state of the economy.

International Business Times

Biden Touts Economic Progress, Trump Criticizes Inflation Pressures

Biden and Trump present contrasting views on the economy, focusing on taxes, spending, and economic challenges.

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US Economy Grows At 1.4% In Q1, Slightly Up From Initial Estimate

The upward revision is attributed to a decrease in imports and increased nonresidential fixed investment and government spending.

International Business Times

South Africa’s political monopoly has been broken: could it help the economy?

Over the last decade or so there has been something of a revolution in economics. The long held belief that unfettered markets deliver good outcomes for all is now overwhelmingly discredited.

The Conversation

The Czech central bank again cuts a key interest rate as inflation stays low and economy recovers

The Czech Republic’s central bank has cut its key interest rate for the fifth straight time as inflation remains low and the economy shows signs of recovery

The Independent UK

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

The Independent UK

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OPINION - London can expect more 40C extreme weather — this is how we must prepare (cloned to test it reaches AN)

Even as this week’s burst of high temperatures fades, Londoners need to prepare for more extreme heatwaves that could end lives across the capital, and cost the economy a fortune.

Evening Standard

China's Economy In Focus Ahead Of Key July Political Meeting

A key political meeting that is watched for signals on China's economic direction will be held in mid-July, state media said Thursday, as policymakers seek to shore up a stuttering recovery.

International Business Times

Biden And Trump To Debate Key Issues In Atlanta

President Biden and former President Trump to debate on crucial issues like economy, national security, and abortion rights in Atlanta.

Top News

Canada ends cod moratorium in Newfoundland after more than 30 years

The Canadian government has ended the Newfoundland and Labrador cod moratorium, which gutted the Atlantic-coast province’s economy and transformed its small communities more than 30 years ago

The Independent UK

Charges for single-use coffee cups on table after Holyrood passes new bill

NEW legislation that could bring in charges for single-use coffee cups, as well as fines for those who “deliberately contaminate” recycling, has…

The National (Scotland)

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The Guardian - UK

Planned Universal theme park in Bedfordshire to ‘bring £50bn to UK economy’

Hollywood group says 200-hectare site will be based around popular film and games franchises and open 365 days a year

The Conversation

As debate approaches, presidents are blamed for events over which they have little control

Presidents are blamed for just about everything – especially during an election season. As the presidential debates of 2024 begin, the blame game is certain to be part of the spectacle. But presidents are not really responsible for as many things as voters, journalists or political opponents try to blame…

The Guardian - UK

Air freight greenhouse gas emissions up 25% since 2019, analysis finds

Boom in air cargo due to shoppers’ expectations of speedy delivery and shift in post-pandemic economy, researchers say

Fortune

LinkedIn chief economist: Get ready for the 'relationship economy'

Karin Kimbrough emphasized that while knowledge remains crucial, the growing importance of relationships is undeniable.

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Al Jazeera

£10,200: How much worse off Britons are after 14 years of Tory rule

Britons have lost the equivalent 15 weeks of wages based on comparisons with pre-2010 growth trend.

StockNews.com

Stock Market Downside Risk Spelled Out

The S&P 500 (SPY) keeps making record highs...but there are cracks under the surface that are a bit more ominous. For example the fact that the small caps in the Russell 2000 are actually in negative territory on the year. That is NOT a sign of a healthy bully market.…

Marie Claire

Jennifer Lopez shocks budget airline passengers as she's spotted flying economy

Stars, they're just like us

The Conversation

The good news is the Australian economy is about to turn up. Here’s why

Right now things feel awful.

Fortune

Top investor dubs U.K. a 'banana economy' over 'build absolutely nothing' mantra

PIC says the U.K.'s stunted planning policy is leaving $250 billion for viable projects unused.

International Business Times

Mongolians To Vote In Poll Dominated By Corruption Worries

Mongolians go to the polls Friday in parliamentary elections, with the ruling party expected to hold its majority despite voter fatigue over corruption and concern about inflation and the state of the economy.

International Business Times

Argentina's Growth Plummets 5.1% In First Quarter

Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries.

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