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The Latest Breaking News from Economy

GDP: What is it and how does it impact the cost of living?

Everything you need to know about GDP

Evening Standard

Russian oil shipments to central Europe expected to resume

Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for the transit was resolved

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

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

FTSE 100 Live: US inflation falls to 8.5%, Elon Musk sells Tesla shares

US inflation fell back from 9.1% to rest at 8.5% last month still critical for the economy but dropping from the four-decade peak it hit in June and calming the markets.

Evening Standard

While Biden is tackling inflation and shaping a green economy for the US, Britain is being left behind

The Inflation Reduction Act is a big win for jobs and the environment, but Truss and Sunak have nothing similar to offer, says Carys Roberts of the Institute for Public Policy Research

The Guardian - UK

'Possible reset' for Aust-China trade

Australia and China must resolve their differences with the global economy facing a number of difficulties, the Asian country's ambassador has told journalists.

AAP

MP Congress questions CM Shivraj Singh Chouhan’s $550 billion contribution claim

BHOPAL: The state Congress on Tuesday raised questions on chief minister Shivraj Singh Chouhan’s promise to Prime Minister Narendra Modi that Madhya Pradesh will contribute $550 billion towards making India a $5 trillion economy.

The Times of India

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China's youth face bleak job market as COVID slows economy

China’s 11 million university graduates are struggling in a bleak job market this summer as repeated shutdowns under China’s zero-COVID lockdowns forced companies to retrench and driven many restaurants and other small employers out of business

The Independent UK

Mother's Day to see 9% rise in spending

Spending on Mother's Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country's tepid economic recovery, according to the University of the Thai Chamber of…

Bangkok Post

CBA results drag down finance sector as ASX trades lower on international inflation nerves

Australian shares are trading lower on Wednesday, as investors await crucial inflation data out of the US. Data out of China has already showed that price hikes there are rising, too.

ABC News

The 3 Best Dividend Stocks to Buy for Retirement

Sky high inflation, the Fed’s rate hikes, and a slowing economy have worried investors and led to massive pressure on the stock market. In such uncertain times, dividend-paying stocks Broadcom (AVGO), BHP Group (BHP), and Insperity (NSP) could be ideal investments for your retirement portfolio, given their fundamental strength. Read…

StockNews.com

3 Energy Stocks to Buy on the Dip

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

StockNews.com

2 Downgraded Stocks to Avoid at All Costs

The macroeconomic headwinds and the growing recession risks are leading to immense volatility in the stock market. While investors are awaiting the July inflation report, the Fed has signaled more rate hikes in the coming months, despite the slowing economy. Given the uncertainties ahead, we think it could be wise…

StockNews.com

5 High-Volume Stocks You Might Want to Avoid Right Now

Multi-decade high inflation and rising interest rate hikes have increased the odds of the economy slipping into a recession. Since the economic data releases and speculations surrounding them are expected to keep the market volatile, it could be wise to avoid high-trading volume stocks AMC Entertainment (AMC), Snap (SNAP), NIO…

StockNews.com

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Benzinga

BlackRock Says There Is No 'Soft-Landing': Central Banks Will Have To Plunge Economy Into A Deep Recession To Stop Inflation

In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc (NYSE: BLK), predicts there won't be a "soft landing" and prefers to be overweight investment grade (IG) credit over standard equities.

The Times of India

Indian visitors to Dubai more than double to 8.58 lakh in January-June

MUMBAI: The number of Indian visitors to Dubai rose more than twofold to 8.58 lakh during January-June 2022 compared to the year-ago period, according to the Dubai's department of economy and tourism (DET).

Irish Mirror

Little-known €1 coin hack can help drivers slash fuel consumption levels in minutes

Experts have urged drivers to monitor their fuel economy and cut fuel consumption simply by checking their tyres

Daily Mirror

Brits could be paid thousands to move to idyllic Italian island in economy-boosting plan

Officials in Sardinia have offered young people thousands of pounds to move to some areas of the island where fewer than 3,000 people live to boost the local economies

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news in one place.

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StockNews.com

After the Bear Market Rally What Comes Next?

The stock market is in the midst of an impressive and blistering rally. From the mid-June lows, the S&P 500 (SPY) is up 14%, while the Nasdaq Composite is closing in on a 20% gain. Some of the factors behind this rally are extreme bearish positioning, better than expected economic…

Motor1

2022 Ram 2500 Power Wagon Review: Walking Tall

More like an extra-large Gladiator Rubicon than an F-150 Raptor, this plus-size rock crawler is tons of low-speed fun.

The Independent UK

Liz Truss refuses to commit to more cost-of-living support if she becomes PM

The Tory leadership contender said tax cuts are her priority to kick-start the economy.

The Hindu

Population is an asset to the economy as it is linked to the scale of a market: Amit Shah

Modi government has brought 60 crore people out of penury, he says

StockNews.com

The Most Stable REIT to Buy for a Recession

Economists believe that the economy has already entered a recession after two consecutive quarters of economic contraction. Therefore, one could consider investing in a stable REIT like Alliance Global Group (ALGGY) to generate steady dividend income and survive the market volatility. Read on to learn our view….

The New Daily

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

Asharq Al-Awsat

Iran Makes First Import Order Using Cryptocurrency

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the country to circumvent US sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through…

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