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The Latest Breaking News from Economy

UK government to invest in film and TV AI special-effects research

Almost £150m to be spent on research labs to help future-proof industry and lift creative economy

The Guardian - UK

Creative industries get £77 million funding boost

The sector has grown at more than 1.5 times the rate of the wider economy over the past decade.

The Independent UK

Federal Reserves Faces The Challenges Of A Tricky Balancing Act

Back in March 2022, the Federal Reserve embarked on an unprecedented interest rate hiking cycle

Zenger

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Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

PBOC Cuts Short-Term Rates for Banks in Further Sign of Easing

Reduction in monetary policy tool follows a cut in another key lending rate and may signal more central bank action to bolster the economy

Caixin Global

Doug Ford at 5 years: Selling out Ontario's future to please the well-connected

The initial political success of the Doug Ford government in Ontario has been attributed to its ability to connect with those who have seen themselves as the losers in the province’s economic transition from a manufacturing and resource extraction-based economy to one based on services.

The Conversation

Is falling inflation a 'feather in the cap for the Fed' or a false dawn? That depends on which economist you ask

Is a soft landing for the economy in sight? The May CPI data looks kind of like it, but only to some economists.

Fortune

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Emirates to operate new retrofitted flagship A380 aircraft from Bengaluru

Emirates on Tuesday announced that it will operate its newly retrofitted flagship A380 aircraft from Bengaluru and Mumbai airports.

The Hindu

Shopify’s head of equitable commerce: 'Unsustainable marketing moments hurt Black entrepreneurs. Here’s why

People say grit is the key to success. But it's money that keeps this party going–and Black founders have been left off the guest list.

Fortune

Goldman Sachs CEO sees ‘bumps and pain’ for real estate

A recession is unlikely to hit the U.S. before the end of the year, David Solomon predicted.

Fortune

Welsh Government unable to deliver scale of investment needed to decarbonise Tata

Tata Steel has asked for £1.5bn in government financial aid for it to decarbonise its plant in Port Talbot

Birmingham Post

India will be the third largest economy in the world by 2030, says Bhagwant Khuba

Union Minister of State for Fertilizers and Chemicals, New and Renewable Energy Bhagwant Khuba has said that by the time India completed 100 years of Independence, it will be the strongest nation in the world. He was speaking at a Rozgar Mela organised jointly by the Department of Posts, the…

The Hindu

The US role in the global financial system is changing – here's how it could affect the world's economy

The last-minute resolution of the US debt ceiling crisis recently has led to a collective sigh of relief in global financial markets. But the way it was resolved has renewed concerns about the the dominant role of the US in the world economy at a time of unprecedented challenges including…

The Conversation

Why Is It So Hard for Writers to Talk about the Working Class?

From novels to TV, you’ll have a hard time finding people who struggle with poverty

The Walrus

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Insider UK

Slater accused of ‘disrespecting’ Holyrood committee over DRS report

Circular Economy Minister called in to answer questions by the Net Zero, Energy and Transport Committee

Salon

Last chance to avoid the "End Times"

Peter Turchin predicted major instability in the 2020s. Unless we address inequality, he says, it will get worse

The Independent UK

US consumer price growth slowed last month, though underlying inflation measures stayed high

Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation

Evening Standard

Eight of the top ten areas for tech are in London, report finds

London’s position at the centre of the UK’s tech economy was confirmed today after a new report found 8 of the top 10 constituencies for technology were in the capital.

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The National (Scotland)

'Scotland needs full migration powers to address falling employment rate'

SCOTLAND needs full powers over migration to address recruitment challenges in the country, Wellbeing Economy Secretary Neil Gray has said.

The Guardian - UK

UK short-term borrowing costs surge above Truss-era highs; US inflation falls to 4% – as it happened

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

Pedestrian.tv

I Tried Drinking Coffee At Home For A Month Bc I’m Spending A Ludicrous Amount On Bean Juice ATM

In the spirit of saving money in this cooked economy and cost of living crisis, I decided to start drinking my coffee at home for a month.

Bangkok Post

Tisco Asset pinpoints opportunities in H2

Tisco Asset Management recommends Thai equity mutual funds related to the domestic economy and tourism as well as Chinese equities, US technology and dividend stocks, and US bonds for the second half of this year.

Bangkok Post

EIS optimistic on economic prospects in H2

The Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored.

StockNews.com

3 Big Box Retailers Stocks to Consider Buying

Consumer spending rose while retail sales rebounded in April, indicating the economy's strength. Retail sales are expected to remain robust despite the growing possibility of a recession. Therefore, it could be wise to consider buying fundamentally strong big-box retailers stocks, Koninklijke Ahold Delhaize (ADRNY), Casey’s General Stores (CASY), and PriceSmart…

Chronicle Live

Sam Fender delivers £15m boost for Newcastle as city revels in iconic Geordie weekend

The North Shields musician's historic homecoming gigs have been hailed as a "huge celebration of Newcastle" and a great shot in the arm for the North East economy

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