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The Latest Breaking News from Economy

Why are Nigeria’s worker unions up in arms?

Unions are engaged in negotiations with the government as they demand rise in minimum wages amid cost of living crisis.

Al Jazeera

Citi wealth division’s new CIO predicts calmer economy will pave the way for AI adoption

Citigroup Global Wealth’s interim chief investment officer, Steven Wieting, says the global economy returning to pre-pandemic norms will reduce AI’s impact on jobs.

Fortune

Fortune 500 CEOs are upbeat on the economy—and they wish they owned Microsoft and Nvidia stock

Results from our annual survey of Fortune 500 chief executives.

Fortune

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Russian Central Bank Chief Calls For 'Open Economy'

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

International Business Times

The Federal Union: how a group of 1940s economists dreamt of a European Union for the working classes

On the eve of the Second World War, three Oxbridge graduates joined forces in London and wrote a pamphlet calling for the union of Britain with other democracies to avert the coming conflict. They sent the short pamphlet, titled “Federal Union”, to more than 500 opinion-makers in Britain. The warm…

The Conversation

Did Taylor Swift’s Eras Tour Save The Australian Economy? The Verdict Is Finally In

Did Taylor Swift save the Australian economy when she came here for the Eras Tour? The verdict is finally in.

Pedestrian.tv

Interest rates are likely headed down, at least in Europe

The European Central Bank appears ready to start cutting interest rates before the U.S. Federal Reserve

The Independent UK

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Godi media is about to change, but it must resist the Lutyens pull

Mainstream media is about to change. It will happen in fits and starts. But it is inevitable.Before I go into the reasons why, let me talk about two terms that Ravish Kumar coined for journalists. The first, godi media, has entered our everyday lexicon. It is a product of the Modi era.…

Newslaundry

Watchdog ends investigation into description of UK economy ‘going gangbusters’

Exclusive: ONS official’s remarks, not intended as comment on overall state of the economy, were later used by Sunak

The Guardian - UK

SNP say the ‘time is now right’ for interest rate cut to help fix 'Tory mess'

A CUT in interest rates is needed from the Bank of England to help fix the “Tory mess” in the economy that has sent mortgage bills and other…

The National (Scotland)

The Fed was too focused on the soft landing and has stuck the U.S. economy with higher prices, Stifel chief economist says

The Federal Reserve may not have raised interest rates enough, which made the economy run too hot for inflation to fall.

Fortune

The ‘funflation’ economy is dying as a consumer attitude of ‘hard pass’ takes over and major artists cancel concert tours

Without a Taylor Swift or Beyoncé megatour, prices for summer concerts are falling back to normal.

Fortune

Lending to property investors jumps amid rising rents

A pick up in investor lending and housing-related loans more generally comes even as interest rates stay elevated and cuts remain in the distant future.

AAP

McCain: People losing "little luxuries"

The podcaster said she could not believe the "amount of money I'm spending at the grocery store"

Salon

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Axios

How AI could roil the next economic crisis

A top policymaker warns AI might shift a garden variety recession into an economic disaster.

The Guardian - AU

Australia is on the brink of recession. So why does the RBA think we are spending too much?

Are we in a recession? No. But cripes, we may as well be

International Business Times

Private Sector Hiring In US Cools More Than Expected: ADP

Job gains in the US private sector slowed again in May on a slump in manufacturing, payroll firm ADP said Wednesday, in a further sign the world's largest economy could be cooling.

Evening Standard

London's small businesses ready to invest £0.5 million each in wave of spending to boost economy

Survey finds that if pent up investment demand could unlock billions as the economy takes centre stage in the election

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International Business Times

Africa Could Help 'Decarbonise' Global Economy, Kenyan President Tells AFP

Kenyan President William Ruto told AFP on Wednesday that Africa could help decarbonise the global economy -- but developed countries need to step up with serious investment to help unlock the continent's potential.

Latin Times

Markets Mixed As US Jobs Data Tempered By Economy Worries

Job vacancies fell far more than expected in April, to below 8.1 million, which Briefing.com said was the lowest level since 2021.

Latin Times

From Utah to Texas, here are the states with the best economies in the U.S., and the worst

As the U.S. continues to hold the spot for largest economy in the world, here are the states with the strongest economies across the country.

Top News

Asian Shares Mixed As U.S. Economy Slows, Impacting Markets

Asian shares react to U.S. economic slowdown. Market assesses job market data and potential interest rate changes. Oil prices drop, impacting stocks.

The Guardian - AU

When Michele Bullock tells us she’s not for turning in fighting inflation we should believe her

The RBA governor is reminding everyone that her mandate covers not just inflation, but also full employment

The Independent UK

Stock market today: Asian stocks trade mixed after Wall Street logs modest gains

Asian shares are mixed as investors weighed data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street

The Guardian - AU

Afternoon Update: economic growth stalls; eSafety commissioner drops X case; and News Corp ‘not obsessed’ with ABC

GDP growth falls to just 0.1% in the March quarter as high interest rates drag on economy

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