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The Latest Breaking News from Economy

Is Chevron a Buy With Latest Deal for Shale Growth?

Chevron’s all-stock deal to buy PDC Energy looks like a slam dunk. The only fly in the ointment for the oil giant is an uncooperative economy combined with a lower price per barrel of oil.

Barchart

Why GDP doesn't work, and what Scotland should replace it with

LAST week the Beyond Growth Conference, the biggest European conference to discuss an alternative economic model, took place in Brussels. Over…

The National (Scotland)

War Thunder fans organise extraordinary review bombing campaign over reverted economy changes, studio pleads: 'If your goal is not to hurt the game, please use other, less destructive ways'

"It's become pretty well as bad as most Gacha games."

PC Gamer

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Safeguarding economy a priority, Dutch foreign minister says in China

Safeguarding the Dutch economy and cyberspace is a priority for the Netherlands, Deputy Prime Minister and Foreign Minister Wopke Hoekstra said in China on Tuesday as Western governments adopt an increasingly defensive stance towards Beijing.

Reuters

Why the panic over rising immigration? The post-Brexit system is working

Wages remain a problem, but rising numbers of skilled non-EU workers appear to be helping the NHS, social care, and indeed the overall UK economy, says Jonathan Portes of King’s College London

The Guardian - UK

3 Buy-Rated China Stocks to Supercharge Your Portfolio

After lifting its strict pandemic restrictions, the Chinese economy has rebounded strongly, driven by consumer spending. Analysts expect the country to continue growing this year. Given this backdrop, it could be wise to buy promising China stocks Vipshop (VIPS), New Oriental Education & Technology Group (EDU), and Weibo (WB). These…

StockNews.com

Degrowth isn't the same as a recession – it's an alternative to growing the economy forever

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

The Conversation

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OPINION - The latest Suella saga shows us just how weak and desperate Sunak is

I am rapidly concluding that Rishi Sunak is, in fact, a malfunctioning protocol droid from the Star Wars universe: C3PM. In response to almost any question, he robotically answers with his “five pledges”. What would you like for your main course, Prime Minister? “We will halve inflation, grow the economy...”

Evening Standard

Pita promises reasonable wage rise, capped power tariff

Move Forward leader Pita Limjaroenrat said on Tuesday a coalition government under his leadership would ensure a reasonable annual increase in the minimum wage without damage to industry and the economy.

Bangkok Post

India poised to catapult to forefront of digital innovation with thriving digital economy, tech use: U.S. Ambassador Eric Garcetti

“India with its vast population, thriving digital economy and technology use is poised to leverage transformative power of 5G, and in future 6G, to catapult itself to the forefront of digital innovation” U...S Ambassador to India, Eric Garcetti said on May 23

The Hindu

The Welsh Government is completely disinterested in job creation

Welsh Conservative Shadow Economy Minister and MS Paul Davies says Labour has governed in Wales as an anti-business party

Birmingham Post

How Turkey's president maintains popularity despite economic turmoil

The Turkish people and economy are being pummeled by sky-high inflation, and many are still recovering from a devastating earthquake made worse by a slow government response

The Independent UK

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

The Conversation

‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

Jefferies’s David Zervos says Jerome Powell’s critics are nothing more than “Armageddonistas” who are “in desperate need of a fresh beatdown.”

Fortune

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Bangkok Post

Warning over household debt surge

The National Economic and Social Development Council (NESDC) warns that Thailand's ballooning household debt will become a serious problem if employment and the economy decelerate, says secretary-general Danucha Pichayanan.

The Independent UK

People are calling for couple to divorce after husband flies first class and leaves wife in coach

‘This is grounds for immediate divorce,’ tweeted journalist Lydia Polgreen

The Hindu

Karnataka’s new, yet daunting, journey to development

Karnataka needs to get down to the business of governance with well-thought-out policy

The Guardian - UK

‘Not something I’m proud of’: six Greeks explain their election choice

Economic policies seemed to swing it with voters as PM’s party finishes 20 percentage points ahead of the left opposition

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Barchart

Why Papa John’s (PZZA) Unusual Options Volume Could Be an Early Warning Indicator

As a filling, low-cost fast-food option, Papa John’s should really thrive even during a tough economy. That PZZA stock is an underperformer may pose a broader warning.

The Guardian - US

Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

Daily Mirror

Woman urged to divorce her husband who ditched her for First Class flight

A woman said that her husband paid for himself to enjoy all of the luxuries and pampering of first class while leaving herself and their children in economy class

Daily Mirror

'My selfish husband flies first class while I sit in economy with our kids'

A woman has revealed how her 'selfish' husband books himself a first class ticket when travelling overseas while she sits in economy with their children - and now strangers are urging her to get a divorce

The News Lens

Chinese Big Tech Still Sits in the Party’s Sights

Given the CCP’s overriding priorities of rebuilding a strong domestic economy and maintaining robust supply chains against external threats, it is unlikely to embark on an extensive campaign like it did in 2020 and 2021 to rein in technology platforms.

Reuters

House swaps and dog walks: Travelers find cheaper alternatives to lodging

Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter boxes.

The Independent UK

How damage from a US debt default could cascade across the global economy

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone

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