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The Latest Breaking News from Economy

Tourism Buoys Southern Europe's 'Club Med' Nations

Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

International Business Times

Putin’s daughters and anti-western hawks rule at this year’s ‘Russian Davos’

St Petersburg summit hails good news on the economy as children of elite step into spotlight

The Guardian - UK

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Newslaundry

From analysis to the latest developments in health,
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Jobs market put to test in sluggish economy

Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.

AAP

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

The Guardian - UK

Mordaunt calls Sunak D-Day decision ‘completely wrong’ and clashes with Rayner on £2000 tax claim in fiery BBC election debate

Taxes, immigration and NHS dominate heated seven-way debate

Evening Standard

Mordaunt condemns Sunak as ‘wrong’ over D-Day as TV debate becomes ‘unedifying’ row

The seven-party television debate became a slanging match between Penny Mordaunt and Angela Rayner

The Independent UK

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Biden Administration Unveils New Fuel Economy Standards For Vehicles

Learn about the Biden administration's new fuel economy rules to promote electric vehicles and combat climate change.

Top News

Real-world mileage standard for new vehicles rising to 38 mpg in 2031 under new Biden rule

New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by the Biden administration

The Independent UK

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Fortune

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

Kiplinger

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

The Guardian - AU

Biden gets a boost ahead of Trump debate as economy outperforms expectations

272,000 jobs were added in May and wages grew, although unemployment levels ticked slightly up

The Independent UK

UK must boost cyberdefenses to boost economic growth, Microsoft says

Enhancing cybersecurity across all sectors could save the economy £52 billion, while also preventing attacks.

TechRadar

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Reason

The Economy Biden Wants

Plus: Trump wants to cut federal spending, Mike Solana wants to save San Francisco, Canada wants to throw thought criminals in jail, and more...

International Business Times

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

Top News

US Economy Adds 272,000 Jobs, Jobless Rate Rises To 4%

US economy adds 272,000 jobs, surpassing expectations. Jobless rate sees slight uptick but overall labor market shows positive growth.

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The Conversation

Why doesn’t economic good news shift the polls for Rishi Sunak? An analysis of 27 past elections explains the problem

One of the few success stories of the Conservative government is the fall in inflation, which is now close to the target rate set by the Bank of England. In April 2024, the consumer price index, the most common measure of inflation, increased by 3% over the previous year compared…

The Guardian - UK

Don’t underestimate Starmer’s push for workers’ rights – it could be his defining legacy

For the first time in decades, and with public support, dignity and fairness in the workplace are back on the political agenda, says Guardian columnist Martin Kettle

The Independent UK

CBI predicts Britain’s economy will see faster-than-expected growth as interest rates fall

The forecast sees the CBI giving a much rosier outlook than the Bank of England

The Independent UK

Is the US job market beginning to weaken? Friday's employment report may provide hints

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

The Conversation

Who’s better off and who’s worse off four years on from the outbreak of COVID? The financial picture might surprise you

A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult.

Bored Panda

40 Ways People Scream “I’m Economically Illiterate” Without Even Trying

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Top News

ECB Cuts Interest Rates Ahead Of US Federal Reserve

European Central Bank cuts interest rates to stimulate economy and consumer spending, reflecting global economic concerns.

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