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The Latest Breaking News from Economy

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

The Independent UK

Next PM likely to inherit improved economy after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returning

The Guardian - UK

Biden Falters In Fiery Debate With Trump

A halting Joe Biden struggled Thursday to allay concerns he is too old for a second term in the White House in a fiery debate with Donald Trump marked by personal insults. A bombastic Trump lashed out at his successor, calling him a failure on the economy and the world…

International Business Times

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£100m triple economic boost from Glastonbury, Pride and the Euros

Sun out for weekend of celebration that is expected to provide a boost to the UK economy

Evening Standard

UK Economic Recovery Improves As Election Looms

Gross domestic product expanded by 0.7 percent in the first three months of this year, the Office for National Statistics (ONS) said in a statement, upgrading the prior estimate of 0.6-percent expansion and beating market expectations for no change.

Latin Times

Race out of recession picks up speed but house prices fall as mortgage time bomb ticks

Growth revised higher for the first quarter but millions face end of fixed-rate deals

Evening Standard

UK growth revised higher in boost to next government; risk premium on French debt highest since 2012 – as it happened

UK GDP rose by 0.7% in January-March, according to the latest quarterly national accounts which show the state of the UK economy

The Guardian - UK

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Growth, inflation, jobs: Biden and Trump’s economic records compared

US voters view the economy as their top priority ahead of the November presidential election.

Al Jazeera

Mongolians vote amid anger over corruption, sluggish economy

Ruling Mongolian People’s Party expected to win another term despite concerns over its rule.

Al Jazeera

I drove a Hyundai Elantra Hybrid for a week — and I’ll never buy a gas-only car again

If value is your thing, I learned you'll get plenty of it after driving the Hyundai Elantra Hybrid Limited for a week. This hybrid car gets a combined fuel economy of 50 mpg, while offering the same basic safety and advanced features found in pricier EVs and PHEVs.

Tom’s Guide

Former President Donald Trump’s debate reelection bid relied on a callback to Reagan’s 1980s America

Trump seemed to be aiming for a Reaganesque economic revival in his reelection bid during the CNN debate against President Joe Biden.

Fortune

Key Moments From Biden-Trump Debate: Immigration, Abortion, Economy

Insightful highlights from the first debate between President Joe Biden and former President Donald Trump on key issues.

Top News

Trump Says Inflation Is 'Killing Our Country' Under Biden

Donald Trump accused Joe Biden on Thursday of doing a "poor job" on the US economy and of presiding over a disastrous rise in inflation -- reflecting how rising prices and the cost of living have become key issues ahead of November's presidential election.

International Business Times

US Economy Shows Strong Growth Despite Inflation Concerns

US economy performing well with challenges of high inflation and interest rates.

Top News

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The Conversation

What’s next for the Climate Change Authority under Matt Kean’s leadership?

The appointment of high-profile New South Wales Liberal politician Matt Kean to chair the Climate Change Authority has sparked questions about what this body does. How does it influence climate policy in Australia?

International Business Times

IMF Slightly Downgrades US Economic Forecast For 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained "robust, dynamic, and adaptable to changing global conditions."

International Business Times

Mongolians Vote As Anger Grows Over Corruption And Economy

Mongolians go to the polls in parliamentary elections on Friday, with the ruling party widely expected to win despite deepening public anger over corruption and the state of the economy.

Top News

Biden Touts Economic Progress, Trump Criticizes Inflation Pressures

Biden and Trump present contrasting views on the economy, focusing on taxes, spending, and economic challenges.

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International Business Times

US Economy Grows At 1.4% In Q1, Slightly Up From Initial Estimate

The upward revision is attributed to a decrease in imports and increased nonresidential fixed investment and government spending.

The Conversation

South Africa’s political monopoly has been broken: could it help the economy?

Over the last decade or so there has been something of a revolution in economics. The long held belief that unfettered markets deliver good outcomes for all is now overwhelmingly discredited.

The Independent UK

The Czech central bank again cuts a key interest rate as inflation stays low and economy recovers

The Czech Republic’s central bank has cut its key interest rate for the fifth straight time as inflation remains low and the economy shows signs of recovery

The Independent UK

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

Evening Standard

OPINION - London can expect more 40C extreme weather — this is how we must prepare (cloned to test it reaches AN)

Even as this week’s burst of high temperatures fades, Londoners need to prepare for more extreme heatwaves that could end lives across the capital, and cost the economy a fortune.

International Business Times

China's Economy In Focus Ahead Of Key July Political Meeting

A key political meeting that is watched for signals on China's economic direction will be held in mid-July, state media said Thursday, as policymakers seek to shore up a stuttering recovery.

Top News

Biden And Trump To Debate Key Issues In Atlanta

President Biden and former President Trump to debate on crucial issues like economy, national security, and abortion rights in Atlanta.

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