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The Latest Breaking News from Economy

Biden signs debt ceiling bill after hailing bipartisan deal with McCarthy and calling for unity

White House announced the private signing on Saturday afternoon

The Independent UK

The Gallows Pole: The real-life grisly story of the Cragg Vale Coiners

Directed by This Is England creator Shane Meadows, the biopic tells the tale of the deadly forgery gang who nearly sank the economy of 18th Century Britain

Manchester Evening News

Biden signs debt ceiling bill into law, averting default

WASHINGTON - US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

Bangkok Post

From analysis to the latest developments in health,
read the most diverse news in one place.

A little-discussed but significant AI danger

Jack Santa Barbara asks if we've created a 'doomsday machine' by bringing artificial intelligence to a growth economy.

Newsroom.co.nz

Kremlin: Western journalists won't get accreditation for Russian economic forum

The Kremlin said on Saturday that journalists from "unfriendly countries" would not be allowed into the St Petersburg International Economic Forum, which President Vladimir Putin has used to showcase the Russian economy to global investors.

Reuters

Canada facing rising threat from cyberattacks - defence minister

Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer.

Reuters

Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

President described how ‘no one got everything they wanted, but the American people got what they needed’ during brief speech

The Guardian - US

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Achieving independence has never been more important – Yousaf

An independent Scotland, the First Minister said, would be ‘built on the principles of a wellbeing economy’.

The Independent UK

What is the Consumer Price Index, and what does it mean for the economy?

The CPI is a key indicator for the state of the economy.

USAFacts

Analysts anticipate more rate hikes

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

Bangkok Post

US hiring jumped last month. So did unemployment. Here’s what that says about the economy.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Chicago Sun-Times

Jobs Report Shows Hiring Surge in May: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

Kiplinger

GM, Stellantis Fined $363M For Failing To Meet US Fuel Economy Standards: Report

The fines were $235.5 million for Stellantis and $128.2 million for General Motors

Motor1

2023 Toyota Corolla Hybrid Review: They’re Popular For A Reason

With all-wheel drive and 44 miles per gallon, the Elantra Hybrid rival is a great commuter.

Motor1

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StockNews.com

3 Quality Stocks to Buy Today

Amid sticky inflation, tight labor market, and economic resilience, another rate hike could be in the offing. The higher interest rates and tighter lending standards could push the economy into a recession. Amid the macroeconomic uncertainty, it could be wise to buy fundamentally strong quality stocks Microsoft (MSFT), Murphy USA…

Fortune

The debt ceiling deal has reduced access to supplemental food plans. Here’s why that’s a false economy

Forcing already hungry people to get a job in order for them to receive food will send ripple effects across other government programs.

Reuters

Lula pledges to stabilize Brazil's economy, says 'we'll grow again'

Brazilian President Luiz Inacio Lula da Silva said on Friday his government will "stabilize" Brazil's economy and put it back on a growth trajectory.

Birmingham Post

What we could learn from higher education in Egypt

Nile University is an exemplar for entrepreneurial learning

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news in one place.

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Birmingham Post

Big interview: The North Devon festival going the extra mile for the local economy and environment

BusinessLive spoke with founder Will Hayler ahead of the June event about how it establishes itself in the local community

The Guardian - US

US jobs market remains strong despite high interest rates and debt ceiling fight

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

Axios

U.S. economy adds 339,000 jobs as labor market stays hot

Economists expected a gain of 190,000 jobs last month.

The Hindu

World-class roads necessary to achieve PM Modi's $5 trillion economy target, says Gadkari

The Union minister was here to inaugurate a flyover, an underpass and a service road built at Dumad junction

Wales Online

Top business opportunities for SMEs in 2023 - like returning clients as economy stabilises

One in five SME owners saw the closure of competitors as an opportunity for growth in 2022 - but this has shrunk to just 12 per cent this year

Reuters

Thai finance minister frontrunner aims to tackle debt

Thailand's election-winning Move Forward party is committed to increasing welfare spending and the minimum wage while promoting growth by opening up the economy to competition and cutting corruption, its finance minister-designate said.

Fortune

Inside Tennessee drag queens’ fight against the bill trying to knock down their livelihoods and their art

The law could impact Tennessee's drag economy and the larger LGBTQ+ community at large. But leaders aren't going down without a fight.

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