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The Latest Breaking News from Economy

Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

Birmingham Post

Bloomberg reporters in Turkey acquitted over 2018 currency crisis article

A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets at the height of a currency crisis in 2018.

Reuters

The U.S. economy's bad vibes era is about to meet reality

One of the most persistent storylines of the past few months may be about to enter a new chapter.

Axios

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Scottish Game Fair expected to inject £5 million into Perth economy this summer

An estimated 35,000 people will descend on Scone Palace for the three-day event from July 1-3

Daily Record

Erdogan’s Visit is an Extension of Saudi-Turkish Strategic Relations

Turkish President Recep Tayyip Erdogan’s visit to Saudi Arabia on Thursday highlighted the comprehensive strategic relations between the two countries, amid the Russian-Ukrainian crisis and its impact on the global economy and supply and food chains. The visit is an extension of the trade, investment and economic relations, as well…

Asharq Al-Awsat

NatWest reports 40% profit jump as bank refers customers to debt experts

Strong first-quarter results come as group warns of ‘uncertain’ economy because of cost of living crisis

The Guardian - UK

China pledges more economic support as lockdowns stymie growth

Top decision-making body pledges package of measures to help industries and small firms affected by the pandemic.

Al Jazeera

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Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

The Independent UK

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

The Conversation

Business confidence bounces back in Scotland

Research reveals that Scottish businesses are looking to grow their teams and expand into new markets

Insider UK

Russia court orders early release of ex-minister jailed for corruption -Interfax

A Russian court has ordered the early release of former economy minister Alexei Ulyukayev, who was sentenced in 2017 to eight years in jail on corruption charges, Interfax news agency reported on Thursday, citing an unnamed source.

Reuters

Yes, US economy may be slowing, but don't forget it's coming off the hottest year since 1984 – here's who benefited in 4 charts

The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks…

The Conversation

Apple warns of potential $US8 billion hit to earnings, Amazon shares plunge, ASX recovers

Apple and Amazon shares tumble in after-hours trade as they warn of inflation and supply constraints, while Australian shares follow Wall Street higher as investors shrug off downbeat GDP figures in the United States.

ABC News

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Bangkok Post

Food chain 'must change'

The government is investing to accelerate food system transformation with a focus on knowledge and technology-based investment in a bid to ensure the country's food security, while reaffirming its commitment to the UN's framework through the Bio-Circular-Green Economy (BCG) model.

Bangkok Post

Household debt reaches 14-year high

Thai households are saddled with the highest level of debt in 14 years and prospects remain worrisome as the Thai economy has not yet recovered while the prices of goods keep rising, weakening consumer purchasing power.

France 24

Some European energy firms consider paying for gas in roubles

Some European energy firms are considering a two-tiered payment scheme, which would comply with Russian demands for payments in roubles. German provider Uniper is among those arguing the system would comply with EU law – although Brussels has warned that companies could breach sanctions if they agree to the Kremlin's…

The Independent UK

Drop in US GDP challenges Biden's pitch to voters

The latest report on gross domestic product is complicating President Joe Biden’s pitch that the U.S. economy is strong

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Benzinga

Analyst Slash Earnings Estimates For Alibaba, Baidu, Others Again Amid Surging Covid Environment

Analysts slashed the earnings estimates for the Chinese technology giants for a second straight month amid the nation’s persistent goal of its Covid-Zero strategy, Bloomberg reports. Analysts trimmed Alibaba Group Holding Limited (NYSE:BABA) estimates by 4.2% and Baidu, Inc (NASDAQ:BIDU) by 8.1%. U.S.-listed shares of Baidu have lost 10% in April, while those of Alibaba…

The Hindu

Google inks deal with TS govt. for digital economy for youth, women entrepreneurs

HYDERABAD

The Guardian - AU

Labor’s message that Morrison is ‘all announcement no delivery’ resonating with voters, poll shows

Research shows Labor’s messages most effective of election campaign so far, but Coalition’s economy claims also test well

Newsroom.co.nz

Old Zealand teaches New Zealand to use its natural resources fully

The extraordinary story of the cow town of Kalundborg’ tells us how hard it is, how long it takes, and how fully people have to co-operate to create a rewarding circular economy.

France 24

Five more years: What's next for French economy in Macron's second term?

French voters have re-elected Emmanuel Macron for another five-year term, handing him victory over far-right candidate Marine Le Pen for the second time in a row. So what's next for the French economy and the number one issue for voters, the cost of living crisis? Kate Moody asks Frederik Ducrozet,…

The Conversation

Over-50s are resigning en masse – new research explains who and why

The UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid…

The Independent UK

Yellen says more shocks likely to 'challenge the economy'

Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future

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