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The Latest Breaking News from Economy

Top economists give budget modest rating and doubt inflation will fall as planned

Asked to grade Treasurer Jim Chalmers’ third budget on his own criteria of delivering on “inflation in the near term and then growth in the medium term”, most of the 49 leading economists surveyed by the Economic Society of Australia and The Conversation have failed to give it top marks.

The Conversation

Sunak dashed for July election because hopes of UK economic recovery are fading

Prime minister knows economy is likely to be in even worse shape by autumn or winter, but summer’s good news won’t impress a battered public

The Guardian - UK

At North Carolina's GOP convention, governor candidate Robinson energizes Republicans for election

North Carolina's Republican candidate for governor Mark Robinson delivered a speech focused on the economy and education at the NCGOP Convention's Old North State Dinner in Greensboro Saturday

The Independent UK

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Opposition migration policy 'revenue neutral'

Angus Taylor says the coalition's migration policy won't damage public finances or the economy and will get the balance right between immigration and housing.

AAP

Argentina's Milei Promises Major Tax Cuts With Reforms Approval

Argentinian economist Javier Milei proposes significant tax cuts to boost economy and attract investment, facing both support and criticism.

Top News

Labour and Tories clash on economy in first weekend of election campaigning

Parties trade blows over tax cuts as first weekend of general election campaign gets underway

Evening Standard

‘We didn’t fight for this’: ANC’s grip on power in peril in South Africa election

Thirty years after the end of apartheid, corruption is rife, crime is high and the economy is a mess. The party of Mandela admits it ‘made mistakes’. But will the people forgive them?

The Guardian - UK

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Labour and Tories fight over economy as Hunt and Reeves drop tax cut hints

Rachel Reeves made a Thatcher-style commitment to ‘sound money’ while Jeremy Hunt dangled the prospect of further tax cuts as campaigning continues.

Evening Standard

Origami vibes: Skoda Kamiq SE L

The 2024 update is a highly competent and roomy car which rewards with acceptable performance and pleasing economy, writes Sean O’Grady. It might well be all the car you and your family need

The Independent UK

Labour and Tories only see Scotland's natural resources as cash cow – John Swinney

JOHN Swinney has called for people in Scotland to unite behind his vision for a Scottish economy...

The National (Scotland)

The zombie Trump effect

Decoding the polls gives us a clue into Joe Biden's problems

Salon

Five pieces of economic news that could affect UK election result

From unemployment to inflation, the key data the Tories and Labour must explain to voters

The Guardian - UK

BOJ To Decide Bond-Purchase Reduction By End-July

Learn about the expected decision by the Bank of Japan to reduce bond purchases and its implications on Japan's economy and financial markets.

Top News

Japan Companies Shine In Hedge Funds' Top Asia Picks

Hedge funds are turning to Japan for investment opportunities in technology, healthcare, and e-commerce due to its resilient economy and market leadership.

Top News

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Top News

Biden Campaign Enlists Robert De Niro To Target Trump

Biden campaign enlists De Niro to question Trump's mental stability, while Trump's team remains focused on core issues like immigration and the economy.

Caixin Global

South China Province Announces Plan to Develop Low-Altitude Economy

Guangdong aims to become a world-leading hub for economic activity in which drones and flying vehicles advance development in the transportation, logistics and tourism industries

The Guardian - UK

Keir Starmer says he ditched tuition fee pledge to prioritise tackling NHS crisis

Labour leader says ‘we can’t have both’ given state of economy, but system of university funding must change

The Independent UK

Stock market today: Asian shares track Wall Street's slide on worries over interest rates

Asian shares have retreated after strong reports on the U.S. economy raised the possibility that interest rates may stay painfully high

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Newcastle Herald

One job for every two unemployed: Hunter labour market tighter than NSW

The Hunter has one job vacancy for every two unemployed people, offering "little wiggle room" for companies looking for skilled staff. The Hunter's April unemployment rate was 3.1 per cent, almost a full point below the state and national levels, according to the Australian Bureau of Statistics. Business Hunter chief…

The Independent UK

Why are top Russian military officials being arrested

The arrests began last month when a Russian deputy defense minister was detained

Reason

Inflation, the Economy, and Political Ignorance

Public ignorance has a big impact on voter atttudes on a major issue in the 2024 election.

The Conversation

Life’s big moments can impact an entrepreneur’s success – but not always in the way you’d expect

Entrepreneurs are the lifeblood of any innovative economy.

Top News

US New Home Sales Decline In April; Prices Increase

Explore the recent trends in new home sales and prices in the US, reflecting stability and demand in the housing market amidst economic fluctuations.

Fortune

The baby boomer bump: How ‘the richest retiring generation we’ve ever had’ is keeping the economy afloat

"They are spending on restaurants, cruises, traveling, and health care."

Fortune

BlackRock’s bond guru Rick Rieder says the Fed’s favorite inflation firefighting strategy is failing—‘the private sector has become a creditor now’

“It’s ambiguous to me today, at best, whether a higher [interest] rate helps bring down inflation versus actually contributes to it,” Rick Rieder told Fortune.

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