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The Latest Breaking News from Economy

US Jobs Report Signals Possible Turning Point For Economy

U.S. job growth was significantly lower than expected in April, perhaps signaling a reversal in employment trends that have been hurting the Federal Reserve's fight against inflation.

International Business Times

Massachusetts Court Battle Over Gig Workers' Status

Legal battle in Massachusetts over gig workers' classification for Uber and Lyft could reshape the gig economy landscape.

Top News

FTSE 100 Live 3 May: Index above 8200 for new record, Trainline and Anglo American climb

The FTSE 100 index continues to make progress after posting a new record ahead of key figures on the health of the US economy.

Evening Standard

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American Economy Shows Resilience With Strong Job Growth In April

American economy adds 233,000 jobs in April, maintaining strength despite inflation concerns. Job market remains robust with unemployment rate at 3.8%.

Top News

Concerns as cross-sex hormones available online for just £11 a month

Experts fear children questioning their gender may turn to hidden economy to obtain hormones illegally

The Guardian - UK

US Productivity Slows In First Quarter

Learn about the recent slowdown in US productivity and its implications for the economy.

Top News

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

Evening Standard

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OECD forecasts will be blow to Sunak’s claims UK economy is improving

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

The Guardian - UK

Japan's .6 Billion Yen Intervention On May 1

Japan's recent .6 billion intervention in the foreign exchange market aimed to stabilize the yen's value and protect its export-driven economy.

Top News

OECD Lifts 2024 Growth Forecasts, Driven By US

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

International Business Times

Europe sees slide in foreign direct investment, EY survey shows

The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic. Germany was hit particularly hard with a 12 percent drop in FDI projects, amid concern over its economic slowdown and energy security. France's tally fell…

France 24

Voters in this 'boomerang' county say they're nostalgic for the Trump economy

Voters in Northampton County, Pa., say they remember having more money when Donald Trump was in office. But when it comes time to cast their ballots this year, other issues are at play too.

WEKU

OECD lifts global growth outlook as US, China outperform expectations

Paris-based organisation predicts global economy to expand by 3.1 percent this year and 3.2 percent in 2025.

Al Jazeera

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

AAP

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Top News

OECD Upgrades Global Growth Outlook With U.S. Outperformance

OECD upgrades global growth forecast due to strong US performance, projecting 3.4% growth in 2021 and 4.0% in 2022. Risks remain despite positive outlook.

The Guardian - UK

UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

Top News

US Manufacturing Sector Sees Decline In April

The setback in the US manufacturing sector in April raises concerns about production decline and rising prices, impacting the economy.

Top News

FOMC Maintains Rates, Plans To Reduce Balance Sheet

FOMC maintains interest rates, slows balance sheet reduction to support economy and financial stability.

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Top News

Japan Signals 160 Yen Line In FX Intervention

Japan's intervention at 160 yen line aims to stabilize currency market and economy, with global implications.

Kiplinger

Fed Holds Rates Steady at 23-Year High: What the Experts Are Saying

The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting.

The Hindu

The wrong way to fight inequality

Allowing more competition in the economy would naturally reduce the wealth share of the top 1% and also benefit the wider economy

StockNews.com

3 Top China Picks for May With Strong Buy Signals

Despite the real estate industry crisis and other headwinds, the Chinese economy beats expectations to grow 5.3% in the first quarter, positioning it for future growth. Thus, top China stocks HUTCHMED (HCM), Autohome (ATHM), and Youdao (DAO) could be strong buys in May. Keep reading….

Al Jazeera

In Kazakhstan, a ‘storm’ over domestic violence after minister killed wife

The livestreamed murder trial of the ex-economy chief has kickstarted a much-needed national conversation.

Top News

Saudi Arabia's Q1 GDP Contracts 1.8% Due To Oil Sector

Saudi Arabia's economy contracted in Q1 due to oil sector challenges and COVID-19 impact. Vision 2030 aims to diversify for resilience.

Al Jazeera

Microsoft to invest $1.7 bbn in AI, cloud infrastructure in Indonesia

Microsoft CEO Satya Nadella says investment will help Southeast Asia’s biggest economy thrive in ‘new era’.

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