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The Latest Breaking News from Economy

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror

The US jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

The U.S. jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

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The Green jobs revolution will clean up the planet and drive down energy bills

The energy crisis sparked by war in Ukraine is speeding up the “great reshuffle” in the jobs market

Dublin Live

Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

Caixin Global

Bank of England warns of £2,800 energy bills and 10% inflation in chilling prediction

Those on fixed rate mortgages will be shielded for now but it will drive up repayments for others on variable rates deals

Chronicle Live

Sage of Soho warns on “perfect storm” for economy as recession fears mount

BRITAIN’S top ad man today warned of a hard landing for the UK, one day after the Bank of England predicted that inflation will top 10% and the economy could fall into recession.

Evening Standard

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Scotland needs to transform its economy. Here's how it can do it

AGROWING movement of businesses, policy makers and citizens are calling for our economy to be redesigned so that it serves the needs of people and…

The National (Scotland)

Marches Mosses BogLIFE Project crowned West Midlands' top civil engineering project

Institution of Civil Engineers praised project for restoring natural habitat and its potential to boost both local economy and education

Birmingham Post

New regional zones approved by panel

The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions.

Bangkok Post

China’s Top Leaders Reiterate Support for ‘Zero-Covid’ Strategy

As widespread lockdowns hobble the economy, Politburo declares ‘persistence is victory’ and says it’s too soon to stand down

Caixin Global

Abortion now front and center in some Democrats' senatorial campaigns

WASHINGTON — Democrats most at risk of losing their Senate seats in November’s U.S. election have jumped on abortion rights to shift the political narrative away from inflation and win back voters disappointed by President Joe Biden’s handling of the economy.

Tribune News Service

My job, my pride survey: Kudumbashree lines up 1.1 lakh enumerators

Minister M.V. Govindan to launch Knowledge Economy Mission’s campaign on Sunday

The Hindu

The Dow Jones tumbles over 1,100 points as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

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WEKU

Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

Asharq Al-Awsat

Rising Oil Prices Buy Iran Time in Nuclear Talks, Officials Say

Emboldened by an oil price surge since Russia invaded Ukraine, Iran's clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran's thinking exclusively told Reuters. Last year, Tehran engaged in indirect talks with…

The Guardian - AU

Cost of living and fixing aged care are top concerns as election nears, ANU poll shows

Six in ten people surveyed say the two issues are of most concern, followed by the Australian economy, healthcare costs and climate

Axios

Stocks are boring again — and that's good news

It turns out that both markets and the economy are surprisingly robust in the face of interest rate shocks.

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The Times of India

All indicators show that India is on the growth path: Piyush Goyal

NEW DELHI: All the key indicators such as jump in exports and high GST collection in April reflect that the country's economy is on the growth path, commerce and industry minister Piyush Goyal said on Thursday.

StockNews.com

W.W. Grainger: Buy, Sell, or Hold?

Shares of leading broad line distributor W.W. Grainger (GWW) have been gaining momentum despite the current bearish market thanks to its recently announced dividend increases and better-than-expected quarterly results. So, as the economy heads toward a recession, will GWW be able to maintain its upward trajectory in the near term?…

StockNews.com

5 Cost-Conscious Retail Stocks That Could Thrive During a Recession

Many analysts believe that the U.S. economy is slipping into recession. We think investors looking to dodge the recessionary pressure could bet on discount retail stocks Costco (COST), Walmart (WMT), BJ’s Wholesale (BJ), PriceSmart (PSMT), and Target (TGT). So, let’s discuss.

The Guardian - UK

‘The threat of abuse and violence is still a daily part of the job’: the bereaved women fighting to protect gig economy drivers

In 2021, the Bolt driver Gabriel Bringye was killed by a group of teenagers. Now his fiancee and sister are battling to ensure it never happens again

The Guardian - UK

Recession: the price Britain will pay to control inflation

Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back

The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

Birmingham Post

Alarm for cost-squeezed firms as interest rates hiked to 1%

Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

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