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The Latest Breaking News from Economy

Northern Ireland's economy 'outperforming the UK's because of EU deal perks'

NORTHERN Ireland’s economy is outperforming the UK’s because of its special relationship with the EU – demonstrating how Scotland is “paying…

The National (Scotland)

3 High-Yield Stocks Wall Street Predicts Will Rally 55% or More

The U.S. equity market has been in correction mode lately on concerns over the Fed’s hawkish stance in fighting decades-high inflation and geopolitical issues. Furthermore, many analysts expect the economy to slip into recession. Therefore, we think it could be wise to bet on high-dividend-yielding stocks Sibanye Stillwater (SBSW), ING…

StockNews.com

Are Medical Device Stocks Good Investments During a Recession?

The stock market has witnessed a massive sell-off lately on concerns over the Fed’s aggressive interest rate hikes to fight the decade-high inflation. Many analysts expect the economy to slip into recession due to the Fed’s monetary policy tightening. Since the medical device industry is known to be one of…

StockNews.com

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Olin is Our Growth Stock of the Week

Olin (OLN) is one of the top stocks in the market due to its attractive valuation and strong growth prospects. Read on to find out why investors should consider adding it to their portfolios.

StockNews.com

Explained: How Sri Lanka fell into its worst economic crisis & what's next

NEW DELHI: Sri Lanka's unprecedented economic crisis has only deepened further in the past few months, stemming from mismanaged government finances and ill-timed tax cuts in addition to the impact of Covid pandemic.

The Times of India

Lebanese state violated human rights by mismanaging crisis, UN poverty envoy says

Lebanon's government and its central bank have committed human rights violations by impoverishing people through the "callous destruction" of the country's economy, an independent United Nations report said on Wednesday.

Reuters

Russia's Medvedev, Volodin lash out at U.S. aid to Ukraine

Former Russian president Dmitry Medvedev accused the United States on Wednesday of waging a “proxy war” against Russia after the House of Representatives approved a $40 billion aid package for Ukraine, and said the U.S. economy would suffer.

Reuters

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Hungary says its backing of EU's Russia oil ban hinges on hundreds of millions of dollars

Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.

Reuters

Iran Says it Arrested 2 European Nationals

Iran's intelligence ministry said on Wednesday it had arrested two European nationals for their alleged role in "the organization of insecurity" in the country, Iran's semi-official Students News Agency ISNA reported. The pair were arrested for "for organizing chaos and social disorder aimed at destabilizing the country" in conjunction with…

Asharq Al-Awsat

Stuart Rothenberg: It’s probably still the economy, stupid

The possibility that the Supreme Court will overrule Roe v. Wade — or severely restrict the right to legal abortion — has Democrats hoping progressive and abortion-rights voters will be energized by the decision, thereby improving the party’s prospects for November.

Tribune News Service

Saudi Aviation, Travel Industry Financing to Exceed $37 Billion

Saudi Arabia’s Economy and Planning Minister Faisal al-Ibrahim has revealed that the Kingdom plans to boost its financing of travel, tourism, and aviation sectors.

Asharq Al-Awsat

US inflation dips to 8.3% but stays close to 40-year high –as it happened

US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high

The Guardian - UK

Wednesday briefing: How Boris Johnson could have tackled the cost of living crisis

In today’s newsletter: after a Queen’s speech that ignored rising costs, Archie Bland asks economist Torsten Bell what should have been announced

The Guardian - UK

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

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The Independent UK

US inflation might have dipped last month from 40-year high

After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases

AAP

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

Al Jazeera

Yoon Suk-yeol faces tough challenges. Is he up to the job?

Yoon Suk-yeol faces range of ‘complex crises’, from N Korean nuclear tests and US-China rivalry to a slowing economy.

Reuters

UK to reform spy laws to tackle threats from cyber and state influence

Britain will overhaul its espionage laws in the face of threats to national security ranging from cyber-attacks to pernicious lobbying that could undermine its economy, the country's interior minister said on Wednesday.

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Bangkok Post

Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

Benzinga

Is The British Pound Sterling Chart A Good Recession Indicator?

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…

Tribune News Service

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

Tribune News Service

Yellen says rollback of abortion rights puts US economy at risk

WASHINGTON — Treasury Secretary Janet Yellen entered one of the most politically charged U.S. debates Tuesday, saying the economy would suffer if the Supreme Court significantly limits women’s access to abortion.

Benzinga

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

The Independent UK

Yellen trip to Capitol detours into tense abortion debate

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy

Tribune News Service

Biden says inflation is ‘hurting’ US families, blames pandemic

WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.

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