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The Latest Breaking News from Economy

UK must ’embrace new technologies’ to grow economy, Chancellor says

Rishi Sunak was speaking as he opened London Tech Week.

The Independent UK

UK tech firms only behind the US globally in raising venture capital funding

Figures from the UK's Digital Economy Council shows that UK tech firm have raised £12.4bn for far this year which is more than the whole of 2020

Birmingham Post

Boris Johnson told UK faces food ‘crisis’ over staff shortages as he picks ‘beautiful’ courgettes on farm

The Prime Minister visited a farm in Hayle and learned how to pick vegetables in a photo stunt for his strategy

Evening Standard

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Sturgeon urges businesses to change their ways to help improve economy

The SNP leader is set to confirm the expansion of Scotland’s Productivity Clubs

Insider UK

Commentary: To pay for the war, Ukraine needs the EU’s help to restart its economy

Emmanuel Macron, president of France, recently expressed concern about not humiliating Vladimir Putin through a quick and comprehensive defeat in Ukraine. But he seems to have lost track of conditions on the ground.

Los Angeles Times

UK economy’s stagnation increases chances of recession

Analysis: Fall in GDP in April also increases probability of 0.25-point increase in interest rates this week

The Guardian - UK

UK edges closer to recession as economy unexpectedly shrinks

THE UK has plunged further towards financial crisis after it was revealed the economy contracted for the second month in a row in April.

The National (Scotland)

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Algeria is increasingly aligned with Russia, Spanish Economy Minister says

Algeria's decision to suspend a bilateral friendship treaty with Spain last week was not surprising because the country is increasingly aligning itself with Russia, Spanish Economy Minister Nadia Calvino said on Monday.

Reuters

Business activity in North East falls for second month in a row

The region has been the weakest performer in the NatWest North East Business Activity Index for the last 10 months

Birmingham Post

Liz Truss says decision to ditch parts of EU Brexit deal is ‘reasonable and practical’ – live

EU, legal experts and some Conservative MPs warn that Northern Ireland protocol bill is illegal under international law

The Guardian - UK

UK economy contracts in April as costs crunch sends Covid recovery into reverse

The Office for National Statistics said gross domestic product fell by 0.3% in April, following a fall of 0.1% in March.

The Independent UK

FTSE 100 Live: UK economy shrinks, shares slide continues after US inflation shock

Recession fears intensified today as it emerged that the UK economy contracted by a bigger-than-expected 0.3% in April.

Evening Standard

UK economy shrinks by 0.3%, second monthly drop in a row

"Let me be clear – we’re expecting the economy to be pretty much stagnant. It won’t take much to tip us into a recession, and even if we don’t, it will feel like one for too many people."

Wales Online

New blow for Rishi Sunak as economy shrinks for second month in row

The latest figures from the Office for National Statistics will heighten fears that Britain is heading for a recession

Evening Standard

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The Guardian - UK

Fears mount over health of UK economy after sharp sell-off in markets

FTSE 100 index closes more than 100 points down as GDP falls amid inflation and soaring energy costs

Daily Mirror

UK economy fell 0.3% as CBI warns country could be pushed into recession

Gross domestic product (GDP) fell by 0.3% in April 2022, after a decline of 0.1% in March 2022, the Office for National Statistics (ONS) said in its latest report

The Guardian - UK

UK GDP falls for second month running; stocks and pound slump amid recession fears – as it happened

Pound hits one-month low after UK GDP falls 0.3% in April and European stock markets drop to three-month lows

Irish Mirror

Eddie Hobbs says Ireland will go into 'firestorm' recession by autumn - and working people will be hit hardest

'Right now, we are in a vortex, on the way to recession. We’re looking at the economy contracting, job losses, business closures. It’s a f**king firestorm'

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The Guardian - UK

‘We exist but it is not a life’: Afghan women face bleak prospects under Taliban

In Kabul, women talk about losing their jobs and being forced to wear a burqa, while others fear starvation

Birmingham Post

Bristol among most successful European cities for tech investment in 2022

New data has been released by the Digital Economy Council as London Tech Week begins

The Guardian - UK

CBI warns UK government over Northern Ireland protocol

Impasse over Brexit deal forcing companies to reconsider investing in Britain, says business lobby group

The Independent UK

Nicola Sturgeon urges businesses to change ways to improve economy

Companies will be asked to look at new ways of working that will help achieve a more resilient economy and a wealthier, fairer and greener Scotland.

Bangkok Post

AIS pairs with ZTE on 5G, digital economy

Advanced Info Service (AIS), Thailand's biggest mobile operator by subscriber base, has signed an agreement for comprehensive cooperation with Chinese information solutions company ZTE.

Bangkok Post

Bracing for the inevitable

Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.

Bangkok Post

Business Losses From Russia Top $59 Billion as Sanctions Hit

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings.

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