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The Latest Breaking News from Economy

China keeps lending rate unchanged as data show housing market is still struggling

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

The Independent UK

Will India’s Modi break the ice with Pakistan in his third term?

It’s unlikely, say analysts. India has little incentive to seek to improve ties with Pakistan at the moment.

Al Jazeera

A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?

A rural Florida county is hoping a new $300 million airport will transform its economy and create more than 1,400 new, high-skilled jobs

The Independent UK

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The high cost of living is still biting the UK. Many don't think the election will change anything

Since calling a general election for July 4, British Prime Minister Rishi Sunak has been at pains to repeat a key message on the campaign trail: The economy is turning a corner

The Independent UK

The Economic Impact of Horse Racing Events in the UK

Horse racing is a significant part of British culture. It has deep historical roots and widespread popularity today due to its prestige and the betting that comes with it.

inkl

Labour’s green plans will create 650,000 jobs, says Rachel Reeves

Party begins week of campaigning on economy under pressure to say if it will raise taxes to pay for £7.3bn plans

The Guardian - UK

The U.S. economy is the most dynamic it's ever been as AI and infrastructure overpower Fed rate hikes, 'Big Short' investor Steve Eisman says

"Definitely hold on to your Apple position," he said. "It's too central a figure in the whole story."

Fortune

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Yemen's Bank Rivalry Threatens Economy Amid Civil War

Yemen's financial crisis escalates as rival factions battle for control of banks, leading to currency devaluation and economic distress.

Top News

Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

Yemen’s Houthi rebels and its internationally recognized government are locked in a fight for control of the country’s banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war

The Independent UK

Scotland's economy has outperformed rest of UK post-pandemic, expert says

SCOTLAND’S economy has been outperforming the rest of the UK in recent years with higher growth per head of population, the Institute for Fiscal…

The National (Scotland)

Ghana’s economic crisis was caused by government borrowing - the central bank did the best it could: economist

Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of…

The Conversation

Struggle to damp down inflation leaves Tories’ election hopes high and dry

An improving economy was supposed to boost Sunak’s campaign. But growth is flatlining, and there is little hope of an interest rate cut this week

The Guardian - UK

Israel's 'Economic War' Chokes Occupied West Bank

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of Ramallah, the financial hub of the occupied West Bank.

International Business Times

Disastrous, dark shadow, destroys our economy: five climate elders on Peter Dutton’s emissions stance

From Peter Garrett to Lesley Hughes there is frustration, despair and ‘a towering sense of anger’ over the opposition leader’s shift on the 2030 target

The Guardian - AU

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The Canberra Times

This month's ACT budget needs to deal with a thorny problem

The ACT budget will be handed down on June 25.

Fortune

This ‘ugly Goldilocks’ scenario could put both stocks and bonds in danger this year, investment chief warns

“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond investors’ expectations of cuts,” Unlimited Funds' Bob Elliott told Fortune.

Evening Standard

Keir Starmer says UK will 'not go back to austerity' under Labour in BBC interview

Labour leader pledges cash injection into hospitals and schools

The Conversation

Why don’t the Conservatives want to talk about arts and culture?

The arts and cultural sector is facing a multitude of challenges. With COVID and cost of living crisis following hot on the heels of a decade of funding cuts, many organisations have had to strip back their programmes. Some have closed altogether.

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news in one place.

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The Guardian - UK

‘Bridgerton universe’ has added £275m to UK economy, says Netflix

Producer Shonda Rhimes opens London Stock Exchange as second part of show’s season three launches

The Conversation

Central banks face threats to their independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

Barchart

Stock Index Futures Slip After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.52%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.29% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Barchart

Stock Index Futures Fall After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.39%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.12% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Barchart

Stock Index Futures Mixed After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.34%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.05% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Evening Standard

Archie Norman is right -- time to unleash our pension funds

City Comment: Pensions avoiding the stock market are starving the economy of capital

Bored Panda

Un-Censori Is Back: Kanye West’s Wife Bianca Stuns In Completely See-Through Cloak In Italy

"They still seemed to be having a blast together throughout the night." The post Un-Censori Is Back: Kanye West’s Wife Bianca Stuns In Completely See-Through Cloak In Italy first appeared on Bored Panda.

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