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The Latest Breaking News from Economy

Rebecca Long-Bailey calls for Labour to drop cautious approach to economy

Former leadership contender wants manifesto to include state ownership and a living standards contract for citizens

The Guardian - UK

High Expectations for Growth of Saudi Telecom Market

Saudi Arabia ranked third as the fastest growing economy among the G20 countries, and first in the world in the 5G average download speed. Some economists have raised expectations for the growth of the Saudi telecom market - the largest market in the Middle East and North Africa. Saudi Arabia…

Asharq Al-Awsat

A weird economy that may (or may not) become a recession

All signs suggest growth is weakening, but hasn’t fallen off of a cliff — yet.

Axios

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

Rishi Sunak or Liz Truss? Whoever wins faces a bleak economic outlook

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

The Guardian - UK

The Fed's mission improbable: Beating inflation without causing a recession

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

WEKU

Tory economics led to decade of stagnation in UK economy, LSE report finds

A DAMNING report on the UK economy warns Scotland will continue to suffer no matter who wins the Tory tussle to be the next prime minister.

The National (Scotland)

Gavin Newsom vs. Florida continues, this time over unemployment rates

SACRAMENTO, Calif. — Republicans launched the latest round of California vs. Florida Friday, warning Gov. Gavin Newsom that comparing his state’s economy to Florida’s — and, by extension, his leadership to that of Gov. Ron DeSantis — is a “comparison Newsom is likely going to regret.”

Tribune News Service

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Why Sri Lanka imploded so catastrophically

As Sri Lanka's economy unravels before our eyes, one must ask how this could happen in a country historically known for its high standard of living and stable economy. Sri Lanka's achievements go back decades, giving it a per capita GDP that is 70% higher than India's, and a life…

Bangkok Post

Sri Lanka's crisis: Can the South Asian economy break from the past and find a route to stability?

Sri Lanka has a new president and prime minister – but a change in who leads the crisis-hit South Asian nation alone will not solve the country’s severe economic problems.

The Conversation

Labour could pledge tax cuts for millions at 2024 election, Rachel Reeves hints

Shadow Chancellor Rachel Reeves vowed to 'bring forward' ideas this October on top of Labour’s current cost-of-living package - which pledges up to £600 for the poorest over and above Tory help

Daily Mirror

What trucking tells us about the economy

Trucking rates have dropped sharply, though they remain above pre-pandemic levels.

Axios

Chaiwut walks back spyware comments

Digital Economy and Society Minister Chaiwut Thanakamanusorn on Friday sought to walk back his earlier remarks in Parliament that authorities had used spyware to monitor individuals in the country.

Bangkok Post

Conor Sen: Can we escape a crash? The housing market is saying yes

From stagflation to cost relief in six months — that's the new picture of the housing market that has emerged in just the last few weeks. And to the extent housing has been a microcosm for the pandemic-era economy, the cooldown will present new challenges and opportunities over the next…

Tribune News Service

Mohamed A. El-Erian: The Fed is failing in four ways

Global economy watchers and market participants will be paying a lot of attention next week to how the Federal Reserve describes the U.S. economic outlook, to the magnitude of its interest rate increase and whether it changes the pace of its balance-sheet contraction. Yet for the well-being of the U.S.…

Tribune News Service

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Reuters

Mexican official seeks 'open, frank,' dialogue with U.S. and Canada in energy dispute

Mexico's government will hold frank and open discussions to resolve a dispute with the United States and Canada over Mexican energy policies that they argue breaches a regional trade pact, a senior trade official said.

Reuters

Dimmed street lights, shorter showers: Germany leads Europe energy savings drive

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating.

The Guardian - UK

We’re living in an age of permanent crisis – let’s stop planning for a ‘return to normal’

Current plans seem foolish when we know that shocks such as global heating aren’t going away, says Progressive Economy Forum director James Meadway

The Guardian - UK

Rising interest rates will hit already weak UK economy, output shows

Latest snapshot of private sector activity reveals manufacturing and services struggling with rising costs

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Asharq Al-Awsat

Egypt’s Economy Seen Growing Steadily

Egypt’s economy will grow fairly steadily over the coming three years, with inflation gradually declining from over 10% and the pound weakening in the near-term, a Reuters poll showed. Gross domestic product (GDP) is forecast to expand a median 5.5% in the fiscal year that began this month, according to…

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 faces uphill battle to displace Rishi Sunak

Belfast Live

Derry festival expected to generate over £2m for local economy with almost every hotel bed booked

"I would encourage everyone to make their way to the city over the next few days, you won’t be disappointed."

The Guardian - UK

EU launches new legal proceedings against UK over Northern Ireland protocol – as it happened

European Commission criticises ‘UK’s unwillingness to engage in meaningful discussion’ with regard to joint solutions

The Guardian - UK

Holidaymakers warned of Dover ferry queues; survey shows UK economy slowing – as it happened

Rolling live coverage of business, economics and financial markets as retail sales and factory surveys suggest UK economy losing momentum

Evening Standard

Conservative leadership race: Rival Tory camps trade blows ahead of critical weekend

Bombshell poll of Conservative members shows Liz Truss with 24-point lead over Rishi Sunak

The Independent UK

Asian shares mixed on weak Japan manufacturing data

Asian shares are mixed after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits

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People

Andres Manuel Lopez Obrador

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Organisations

Office for National Statistics

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International Monetary Fund

Digital Economy and Society

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