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The Latest Breaking News from Economy

CEOs are still bullish on decarbonization in wake of Inflation Reduction Act

Within the next two decades, an estimated 90% of U.S. businesses will face a physical risk to their business.

Fortune

'Strip away the packaging and the Prime Minister is selling an empty box'

The scheme as sold by Rishi Sunak was a chance to “power up Britain” by building a green economy, but many of the measures have been previously announced

Daily Mirror

Stocks could surge 14% by the end of the year—oddly, with help from the bank crisis

The economy and inflation could slow without the need for many more interest rate hikes—and it would be good news for stocks.

Fortune

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

Federal government backs wage increase for lowest-paid workers in line with inflation

The federal government has backed a wage rise for the nation's lowest paid workers in line with inflation, arguing they should not see their real wages go backwards.

ABC News

Putin can’t handle the truth: Why American journalist Evan Gershkovich, who was abducted for revealing Russia's economic collapse, must be freed

By prosecuting an American journalist, Putin has crossed a line that even he had never crossed before–and every bloodthirsty despot will be watching.

Fortune

Does carbon capture and storage hype delay emissions cuts? Here's what research shows

Is carbon dioxide capture and storage (CCS) an important tool for slowing climate change, or merely a way to justify the continued extraction and burning of fossil fuels? I’m a social scientist who studies the politics of environmental technology and I have given this question a lot of thought.

The Conversation

Skyrocketing Lululemon (LULU) Presents Opportunities and Risks

Fundamentally, Lululemon’s strong Q4 earnings beat bodes well for the consumer economy but not everyone is convinced that LULU stock will charge higher.

Barchart

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London hiring approaches lowest level since 2020, but employers remain hopeful for future

“The economy may be stalling, but the capital’s firms are looking forward to the future”

Evening Standard

Why is Tunisia in crisis and why do sub-Saharan people want to leave?

The president, Kais Saied, is using refugees and opposition figures as scapegoats to distract from a struggling economy and his rolling power grab

The Guardian - UK

More Americans file for jobless claims; layoffs remain low

U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation

The Independent UK

US revises down last quarter's economic growth to 2.6% rate

The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate

The Independent UK

There's No Stability for Investors in This Stock

Amidst high inflation, tight monetary policy, and a slowing economy, meme stock Bed Bath & Beyond (BBBY) is struggling to keep its head above water. Hence, the stock is best avoided. Keep reading.

StockNews.com

Egypt’s Central Bank Faces Multiple Crises, Limited Options

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold a periodic meeting on Thursday when options to contain successive shocks to the Egyptian economy remain limited before growing local and global crises. CBE will likely raise interest rates at today’s meeting to curb inflation, which…

Asharq Al-Awsat

Stocks Set to Open Higher as Investors Await Key U.S. GDP Data, Bank Fears Continue to Ease

June S&P 500 futures (ESM23) are up +0.36%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session with solid gains as risk appetite continued to rebound from turmoil in the banking sector, while upbeat outlooks from several…

Barchart

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news in one place.

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Fortune

'Stakeholderism' is a reaction to rising statism

The UBS-Crédit Suisse merger is a very Swiss tale–but it shows how governments are reclaiming power over the economy.

The Guardian - UK

Spanish inflation almost halves and German CPI falls as energy prices cool – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

China's No. 2 leader says economy improved in March

China’s new No. 2 leader says its economic recovery improved in March and he promised to stay committed to opening to the world

Reuters

China seeks to woo foreign firms as tensions with West swirl

Chinese Premier Li Qiang said on Thursday that he was committed to opening up and reforming the world's second-largest economy, seeking to win over foreign investors even as trade and geopolitical tensions with the West loom large.

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news in one place.

100's of premium titles.
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The Conversation

Australia will have a carbon price for industry – and it may infuse greater climate action across the economy

Australia is about to take a big, constructive step on climate change policy: we will have a carbon price for the industry sector, under the safeguard mechanism.

The Independent UK

No economic growth forecast until next year as outlook ‘exceedingly uncertain’

The Scottish economy is forecast to shrink by 0.7% in 2023.

Bangkok Post

AIS plans long-term ecosystem economy

Advanced Info Service (AIS) has unveiled its long-term business direction, which it calls an ecosystem economy, aiming at strengthening its operations and economic growth through partnerships.

Bangkok Post

The high cost of carbon pricing can't be ignored

Carbon pricing is all the rage these days, at least in the developed world. But while global leaders and experts -- most of them from rich countries -- increasingly embrace the idea of putting the "right price" on carbon, the concept remains vague and ill-defined. Worse, its growing acceptance and…

France 24

US accuses Credit Suisse of violating tax evasion deal

US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of…

Barchart

Economic Concerns Weigh on Crude Prices

May WTI crude oil (CLK23 ) on Wednesday closed down -0.23 (-0.31%), and May RBOB gasoline (RBJ23 ) closed down -4.32 (-1.61%). Crude oil and gasoline prices Wednesday fell back from 2-week highs and posted moderate losses on concern about a slowing economy. Weekly EIA distillate stockpiles unexpectedly declined, which...

Barchart

Crude Oil Erases Early Gains on Signs of a Slowing U.S. Economy

May WTI crude oil (CLK23 ) this morning is down -0.11 (-0.15%), and May RBOB gasoline (RBJ23 ) is down -4.034 (-1.50%). April Nymex natural gas (NGJ23 ) is down -0.020 (-0.99%). Crude oil and gasoline prices this morning fell back from 2-week highs and turned lower on concerns of...

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