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The Latest Breaking News from Economy

Five key things to know about the "is this a recession" controversy

It's hard to recall a White House deploying as much effort to pre-spin economic data.

Axios

Spain raises inflation forecast for 2022, lowers GDP growth target for 2023

Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for its continued negative impact on European economies.

Reuters

World is 'teetering on the edge of recession' as UK set to be weakest G7 economy

The outlook from the IMF isn't rosy

Wales Online

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Biden fights talk of recession as key economic report looms

President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession

The Independent UK

Analysis: Tunisia's Saied savours near total power but faces looming economic tests

By ramming through his new constitution, President Kais Saied has cemented his role as master of Tunisia, heralding a new political era after a brief, difficult experiment with democracy.

Reuters

US economy sending mixed signals: Here's what it all means

The U.S. economy is caught in an awkward, painful place

The Independent UK

UK growth forecast downgraded AGAIN as IMF makes gloomy prediction

THE UK’s economic growth is slowing even more due to rampant inflation and it is set to be the weakest economy among the G7 nations next year, the…

The National (Scotland)

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Chasing Hares review – factory drama moulds its own subversive power play

Sonali Bhattacharyya intriguingly exposes the exploitative dynamics of the global gig economy through the lens of a Bengali jatra theatre group

The Guardian - 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

Anthony Albanese rules out banning fossil fuel projects, citing risk to Australian economy

PM says if Australia didn’t export coal there would be ‘replacement coal from other countries that’s likely to produce higher emissions’

The Guardian - AU

Russian economy bitten by sanctions

Sanctions have been effective at crippling the Russian economy.

Axios

Fed lacks systems to thwart Chinese information gathering - report

The Federal Reserve lacks adequate systems to counter a "malign" effort by China to gather inside information on the U.S. economy and monetary policy, according to a report that was prepared by Republican staff of the Senate Homeland Security Committee.

Reuters

Tuesday briefing: The key exchanges from last night’s Tory leadership debate

In today’s newsletter: Sunak interrupted, Truss called him finely dressed – and the climate was all but ignored. Will anyone have changed their minds?

The Guardian - UK

South Korea’s economy beats growth forecasts

Asia’s fourth-largest economy grew 2.9 percent year-on-year in the second quarter.

Al Jazeera

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ABC News

Rishi Sunak and Liz Truss clash in first head-to-head televised debate in race to succeed Boris Johnson

The two candidates vying to replace Boris Johnson as British prime minister clash over the economy, amid warnings their in-fighting could condemn the Conservative Party to years in the political wilderness.

Axios

Biden's juggling act: Recession optimism could backfire

"I don't think, God willing, we're going to see a recession," Biden said Monday. "I'll be surprised."

The Independent UK

Truss vows to limit trade unions’ ability to ‘paralyse our economy’

Liz Truss announced new measures aimed at preventing trade unions from causing disruption on strategic rail routes and other national services.

Benzinga

Did The White House Just Change The Definition Of A Recession? Here's What Michael Burry Thinks

The White House shared a blog post explaining whether the U.S. economy was in a recession. The blog post may have changed the underlying factors of what considerations make a recession happen, something that caught the attention of noted investor Michael Burry.

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Al Jazeera

Philippines’ Marcos Jr sets out big plans but little detail

Analysts say the president’s first state of the nation address lacks details and has notable omissions.

The Independent UK

Tory leadership debate: Key moments from the first head-to-head between Truss and Sunak

Rivals clash over ‘Project Fear’ and economy in heated BBC appearance

Bangkok Post

PDPC preps further minor regulations

The Personal Data Protection Committee (PDPC) is set to roll out more subordinate regulations to clearly define the practices for Personal Data Protection Act (PDPA) compliance to ease concerns among businesses.

Bangkok Post

Fake news crackdown sees cases top 16,000

The Anti-Fake News Center (AFNC) has analysed 16,843 cases, involving 800 million messages, for fact verification since it was established in November 2019 as part of the government's fight against disinformation, according to the Digital Economy and Society (DES) Ministry.

The Guardian - UK

First Truss-Sunak Tory leadership debate: five key takeaways

The rivals did not pull their punches, on the economy or China, as they kicked off a month of debates

Axios

Biden: "We're not going to be in a recession"

The Commerce Department will release its initial estimate of second-quarter growth on Thursday.

StockNews.com

4 Downgraded Stocks You'll Want to Sell or Avoid Right Now

With the growing odds of the economy tipping into a recession due to an aggressive monetary policy tightening to tame the sky-high inflation, it could be difficult for fundamentally weak stocks to stay afloat. Invesco (IVZ), Kymera (KYMR), Mogo (MOGO), and Sana Biotechnology (SANA) have been recently downgraded by our…

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