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The Latest Breaking News from Economy

Surveys show Chinese economy growing but at modest pace

Surveys of Chinese factory managers show a mixed outlook for the world's No. 2 economy, with growth steady but not picking up much steam

The Independent UK

California, Texas and New York among top states projected to have highest demand for work visas by 2030

As the U.S. economy relied more heavily on migrant labor, this report shows which states and occupations may see the highest migrant demand in the years to come

Latin Times

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish

The Independent UK

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TV tonight: Tim Harford’s long, hard look at Britain’s broken economy

The Financial Times columnist asks why younger generations are no longer expected to be wealthier than their forebears. Plus: House of the Dragon takes off. Here’s what to watch this evening

The Guardian - UK

More cracks in labour market as fewer job ads posted

The number of job ads posted each month is tapering off in a sign of a labour market weakening from a strong starting point.

AAP

The U.S. deficit is nearly as big a Russia's economy, and there's a 'vicious' feedback loop that could make it worse

The CBO's new estimate for the fiscal 2024 deficit is now $1.9 trillion, up from its prior view for $1.6 trillion issued in February and up from the 2023 deficit of about $1.7 trillion.

Fortune

NZ’s productivity stagnation requires a long-term plan from politicians. Here’s how

In the ups and downs of the global economy over the last decade, New Zealand has had one relatively consistent challenge: persistent productivity stagnation.

The Conversation

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Soaring government debt could roil global financial markets, warns BIS head

Agustín Carstens says world economy on course for ‘smooth landing’ after inflation but political turmoil poses risk

The Guardian - UK

Coercive control, bail tweaks begin protecting women

Almost two years after passing parliament, laws criminalising coercive control have taken affect in NSW in a nation-first move designed to protect women.

AAP

What can lipstick and underwear sales tell us about the economy?

Some look beyond typical metrics like GDP and job data, but these alternatives shouldn’t be taken seriously

The Guardian - US

The baby bust: how Britain’s falling birthrate is creating alarm in the economy

Costs, the climate crisis and choice are all factors in a demographic revolution presenting huge challenges for government

The Guardian - UK

Nippon Steel Fight Points To Industry's Uncertain Future In Pennsylvania

Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche.

International Business Times

Unlocking $12 Trillion: How Empowering Women Entrepreneurs Can Transform the Global Economy By 2025

Women control 40 per cent of the world's wealth, and have been doing so progressively throughout the 20th century.

International Business Times UK

Mongolia Ruling Party Wins Reduced Majority In Vote Dominated By Graft

Mongolia's ruling party emerged from this week's polls with its parliamentary majority significantly diminished Saturday, local media said, after a campaign dominated by graft fears and the state of the economy.

International Business Times

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StockNews.com

3 China Stocks to Buy Before June Ends

As China's economy shows signs of steady recovery fueled by resilient exports and strategic policy measures, it might be an opportune time to own three quality Chinese stocks, Tencent Holdings Limited (TCEHY), NetEase (NTES), and JD.com (JD), before June ends. Read on….

Fortune

3 ways to build trust with employees in an uncertain economy

Companies should offer psychological safety, says Marie Unger, CEO of organizational development firm Emergenetics.

The Conversation

Kenya unrest: the deep economic roots that brought Gen-Z onto the streets

The generation of Kenyans born between 1997 and 2012 – the Gen-Zs – have borne the brunt of the country’s slow economic growth. If a country has slow economic growth, it typically experiences higher unemployment rates, reduced income levels and decreased investments. It leads to an overall lower living standard.

Barchart

Dollar Slightly Higher on US Economic Strength

The dollar index (DXY00 ) today is up by +0.05%. The dollar today recovered from early losses and posted modest gains on signs of strength in the US economy after the Jun MNI Chicago PMI rose more than expected to a 7-month high and the University of Michigan US Jun...

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International Business Times

Consumer Inflation Remains Flat As Annual PCE Hits Lowest Mark In Over Three Years

The U.S. economy got some good news on the inflation front Friday as fresh data saw the personal consumption expenditures (PCE) price index hit its lowest annual rate in May in over three years.

The Independent UK

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 Guardian - 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

International Business Times

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…

Evening Standard

£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

Latin Times

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.

Evening Standard

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

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