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The Latest Breaking News from Economy

Why Did Americans Stop Caring About the National Debt?

Both parties—and the voters—are to blame for the national debt fiasco.

Reason

Pakistan Reaches $7 Bn Aid Deal With IMF

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

International Business Times

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

AAP

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Labour will try to blame the Tories for tough spending decisions

Party leadership plans to stay in campaign mode and make sure public is aware how much ex-government has tied its hands

The Guardian - UK

Biden's exceptional economic performance

Joe Biden's administration has been incredibly successful at steering the economy away from recession

Salon

US Wholesale Inflation Increases In June

Learn about the recent rise in wholesale inflation in the US and its potential impact on the economy and consumers.

Top News

China posts record trade surplus as foreign importers rush to beat tariffs

The $99bn figure comes as data shows exports growing at fastest rate in 15 months while imports fell

The Guardian - UK

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Beauty pageant crowns the world's first ever 'Miss AI'

The world’s first AI beauty pageant has crowned a virtual Moroccan lifestyle influencer. But first, Spaniards are being pushed out of the property market as tourism breaks new records in the country. China is building more wind and solar power projects than the rest of the world combined. Plus, the…

France 24

The only choice? Biden resists pressure to bow out of Trump rematch

There is a paradox that is often forgotten: As the United States’ share of the global economy continues to grow, its tech giants rule the world, its culture reaches the whole planet, even where dictators try to put up firewalls. So is this the best its democracy can do? In…

France 24

Rachel Reeves to announce economic advisory council to boost UK growth

Chancellor is making appointments for new body that will help guide Labour’s ‘national mission’ of economic renewal

The Guardian - UK

The S&P 500 Returned an Average of 11% In the Second Half of Election Years with an Incumbent Running for Reelection

Since the S&P 500's inception in 1957, there have been 16 presidential elections, half of which had incumbents running for their second terms.

International Business Times UK

US Inflation Slows In June, Signaling Easing Price Pressures

Learn about the recent slowdown in inflation in the US and its implications for the economy. Monitoring inflation rates is crucial for informed decision-ma...

Top News

U.K. has 'far more millionaires than it deserves' as 500,000 to flee to Italy and Spain

The U.K. will lose 17% of its millionaires in the coming years, but the country's government shouldn't worry.

Fortune

Healthier economy may delay interest rate cuts in a blow for borrowers

The Office for National Statistics said gross domestic product, or the output for the economy, increased by 0.4 per cent in May

The Independent UK

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Latin Times

Markets Track Wall St Records After Powell Hints At Rate Cut

The advances also saw Hong Kong and Shanghai push higher after struggling in recent weeks over worries about the Chinese economy, with investors awaiting a key Communist Party meeting next week.

The Guardian - UK

UK politics: minister cites ‘strict spending controls’ amid calls to scrap two-child benefit cap – as it happened

Environment secretary Steve Reed says Labour must ‘stabilise the economy after 14 years of Conservative chaos’

The Guardian - UK

Environment secretary says water bill rises ‘result of years of failure,’ utilities sign up to reforms – as it happened

Clean water campaigner Feargal Sharkey accuses Ofwat of ‘utter disregard for customers and environment;’ US inflation falls more than expected to 3%

The Independent UK

UK economy back to growth as it expands faster than expected in May

Britain’s GDP grew by 0.4 per cent in May, after no growth was recorded in April due to low consumer spending

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news in one place.

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Evening Standard

UK economy jumps back with 0.4% growth as Chancellor Rachel Reeves hails start of 'decade of national renewal'

The Labour Government is banking on boosting economic growth to fund billions more into public services

The Guardian - UK

Surprise growth boost for Labour as GDP rises by 0.4% in May

ONS figures show gross domestic product rising faster than predicted after flatlining in April

The Guardian - UK

Schlitter: Evil in the Woods review – tightly crafted horror turned DIY torture tutorial

Director Pierre Mouchet’s film is a showcase of economy, style and woodwork skills as three friends stay over at a lumberjack’s house and experience his ingenious ways to inflict pain

The Guardian - UK

Rachel Reeves says the UK’s public finances are in a dire state – but here’s why I’m cautiously optimistic

The markets haven’t imploded, sterling is solid, and there is no flight of investors – and given the circumstances, the only way is up, says Guardian economics editor Larry Elliott

The Guardian - AU

Why neither growth nor degrowth make sense as long-term objectives for Australia’s economy

What we need to reduce is the ‘throughput’ of the residual industrial economy

Latin Times

60% of newly-arrived migrants have found jobs and are boosting the U.S. economy, study shows

A report by the Dallas Fed explained that recent immigration has added nearly two million newly-employed workers, contributing to higher GDP growth

The Conversation

African urbanisation: what can (and can’t) be learned from China about growing cities

The economic growth paths of Asian and African countries have often been compared. China, with gross domestic product per capita of US$251 in 1987, was poorer than most African countries at the time. Uganda’s GDP per capita was US$392, Zambia’s US$319 and Ghana’s US$354. Yet today China has GDP per…

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