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The Latest Breaking News from Economy

Ukraine rebases businesses from war front to shield vital producers

Oleg Averyanov's factory produced fire trucks and employed 600 people until it was forced to halt operations and close its doors as a Russian invasion force poured over the border into his region in northeastern Ukraine on Feb. 24.

Reuters

Musk and Dimon warn of heavy weather, but in the longer run we will survive

City Comment: Take a longer view on the economy

Evening Standard

Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

Caixin Global

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Qatar Reports Record Improvement in Non-Energy Private Sector Activity

The latest Purchasing Managers’ Index (PMI) survey data from the Qatar Financial Center (QFC) signaled a record improvement in business conditions in the non-energy economy in May 2022. The PMI increased to a new record high of 63.6 in April, up from 61.8 in March. This indicated the strongest overall…

Asharq Al-Awsat

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - AU

‘Weakness’ of UK position shaped Northern Ireland protocol negotiations, David Frost says

Former Brexit negotiator criticises Irish government’s focus on ‘all-island’ economy

The Guardian - UK

Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

After a century of gearing the entire global economy to burning fossil fuels, it was never going to be easy or cheap to switch to sunshine and wind.

The New Daily

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Modinomics and the long distance to the finish line

The Indian economy needs a new economic policy that has clear objectives unlike the incoherent announcements now

The Hindu

Casuals, contractors and gig workers set for 'potentially massive' changes under Labor

An industrial relations fight is looming as employers protest mooted changes giving more employment security to gig-economy workers.

ABC News

70 years on and UK still mistakenly looks for economic miracle cure

During Queen’s reign, country has tended to move quickly from national gloom to premature belief that it has finally ‘cracked it’

The Guardian - UK

Death of the industry that built St Helens

The town's economy was built on two key industries

Liverpool Echo

Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation

The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.

The Conversation

‘We’re still struggling’: low unemployment can’t hide impact of low wages and rising inflation

Workers in Las Vegas are still feeling the effects of employers’ pandemic cuts – all made worse by rising inflation and low wages

The Guardian - US

Passengers told to avoid Tube on Monday during 24-hour RMT strike

Members of the Rail, Maritime and Transport union are walking out over jobs and pensions.

The Independent UK

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Tribune News Service

Lessons learned from an analyst’s journey into COVID-Zero China

Wenting Shen usually travels to China annually as part of her job as an analyst and portfolio manager at investment company Harding Loevner, but the country’s strict “COVID Zero” policies and this year’s Winter Olympics in Beijing made it almost impossible to book a flight.

The Japan News/Yomiuri

U.S. firms in China putting profit before human rights

WASHINGTON/BEIJING -- While China and the United States do not see eye to eye on many political issues, economic mutual dependence is growing stronger among their companies, regions and consumers. The U.S. government is wary of becoming excessively dependent on China and is seeking to "decouple" from China's economy in…

The Hindu

Business organisations should contribute to development of society, country: President Ram Nath Kovind

Speaking during the 90th year celebrations of the Merchants Chamber in Kanpur, he called on industries to contribute towards making India a net-zero emission economy.

Motor1

2023 Honda HR-V's Engine Revealed By EPA Along With Fuel Economy

The compact crossover gets a bigger power plant for its next iteration.

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Salon

"Dear Elon, have fun on the moon"

The mega-billionaire said Friday his EV company will be cutting 10% of salaried jobs to brace for unsteady economy

The Guardian - US

To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US economy

Much of America does not seem to be buying the optimistic vision that Biden and his team are selling

The Independent UK

Biden's challenge: Inflation overshadows robust job gains

President Joe Biden came before the television cameras Friday to celebrate yet another month of healthy job growth and low unemployment and the fastest pace of hiring in four decades under his watch

Mic

Elon Musk says layoffs will continue until vibes improve

In an email, the space freak told Tesla executives he has a “super bad feeling” about the economy.

WEKU

Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs

Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.

The Independent UK

Biden and Musk trade barbs over US economy as president wishes SpaceX boss ‘lots of luck on trip to moon’

The men have had a long-running public fued and have frequently traded insults

StockNews.com

4 Buy-Rated Stocks with Massive Dividends

As the better than expected jobs report is unlikely to give the Federal Reserve reason to pause its aggressive monetary policy tightening, and thus the economy could witness a slowdown, we think it could be wise to scoop up shares of high-dividend companies ZIM Integrated (ZIM), Western Midstream (WES), Stellantis…

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