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The Latest Breaking News from Economy

EU opens formal investigation into TikTok; Bank of England ‘could worsen recession’ without interest rate cuts soon – as it happened

The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts

The Guardian - UK

China New Year Holiday Spending Surges Past Pre-pandemic Levels

China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

International Business Times

Year of the Dragon: China faces critical moment in push to revive economy

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth.

Al Jazeera

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Ethiopia to establish 0 million bitcoin mining and AI center

Learn about Ethiopia's 0 million bitcoin mining & AI data center project, harnessing renewable energy for tech innovation & economic growth.

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China central bank maintains key rate amid Federal Reserve policy

China's central bank maintains key policy rate amid Federal Reserve influence on global economy. Stay informed on economic developments.

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China central bank holds key rate amid Federal Reserve concerns

The China central bank decided to keep its key policy rate steady amid concerns over the impact of Federal Reserve decisions on the global economy.

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French finance minister to reduce 2024 growth forecast - media

French finance minister is expected to lower the 2024 growth forecast, impacting the country's economy. Stay informed about the latest economic updates.

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Record long-term sickness bodes ill for UK economic growth

Years of austerity, followed by Covid, have left Britain with unhealthy workers and businesses struggling to recruit, but the road to recovery, of all kinds, will be long

The Guardian - UK

Joblessness rising in country with education levels: IIM study

The country’s economy is witnessing a stagnating employment growth rate, weakening employment elasticity, slow structural transformation, and brewing structural problems in the labour market such as low female labour force participation and a rise in the unemployment rate

The Hindu

Expert: Immigrants help bolster economy

An uptick in immigration presents an opportunity to help the American economy, one economist writes

Salon

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Russia transitions to ‘Kalashnikov economy’ as Ukraine struggles for aid; hopes and fears of Ukrainians go on show

The Guardian - AU

London Fashion Week Blends Tweed And Y2K Amid Economic Gloom

From tweed to the iconic low-rise jeans of the early 2000s, London Fashion Week unveiled a spectrum of styles on Friday, kicking off its 40th season which has been dimmed by the UK's gloomy economy.

International Business Times

Analyzing 3 Coal Stocks for 2024 Gain Potential

Coal plays a vital role in the global economy through electricity, steel, and cement production but emits substantial carbon dioxide, necessitating urgent reduction for climate goals. That being said, let's analyze Hallador Energy (HNRG), Peabody Energy (BTU), and Arch Resources (ARCH) for potential gains amid this shift. Read on….

StockNews.com

Russia's Ukraine operations cost estimated up to 1 billion

The ongoing crisis in Ukraine, fueled by Russia's operations, has incurred a significant cost of up to 1 billion. This article explores the economic imp...

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US Consumer Sentiment Remains Steady in February

Consumer sentiment in the US remained steady in February, reflecting a stable outlook on the economy. Factors such as COVID-19 vaccinations and government ...

International Business Times

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

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Tech for leisure reshaping economy: impact on growth and welfare

The impact of leisure-enhancing technology on the economy and long-term growth.

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Russian Central Bank Maintains 16% Interest Rates

The Russian central bank maintains its key interest rate at 16% to combat inflation and stabilize the ruble amidst economic challenges. The decision is exp...

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Al Jazeera

Why Israel’s impending Rafah offensive is testing ties with Egypt

Egypt fears Israel won’t allow Palestinians back into Gaza while a refugee exodus will burden its ailing economy.

The Guardian - UK

Retail sales in Great Britain rebound strongly after Christmas slump

Rise of 3.4% in January is biggest monthly increase since April 2021 as shoppers return to stores

Evening Standard

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

Top News

Singapore's Jan Exports Surpass Forecasts, Up 16.8% Year-on-Year

Singapore's January exports show a strong start for the economy, with a 16.8% year-on-year increase. Electronic and non-electronic shipments drove the grow...

AAP

Ethical compass 'could unlock billions, restore trust'

Business leaders, unions and politicians say improving Australia's "ethical infrastructure" could turbocharge the economy and increase trust in institutions.

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Japan Finance Minister Leaves Decision on Negative Rates to BOJ

Japan's finance minister defers decision on ending negative interest rates to the Bank of Japan (BOJ). The BOJ's monetary policy effectiveness is being rev...

The Guardian - UK

Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

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