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The Latest Breaking News from Economy

Federal Reserve Holds Rates Steady Amid Economic Resilience

Federal Reserve keeps benchmark rates steady, signaling stability in the economy and borrowing costs.

Top News

Weakness creeping into labour market as hiring slows

Australia's labour market is slowly softening but the Reserve Bank is unlikely to be bothered by the latest jobs numbers ahead of its next board meeting.

AAP

Rishi Sunak declares he has not given up after minister warns of Labour ‘supermajority’

Defence secretary Grant Shapps effectively concedes defeat forcing the prime minister to say he still believes the Tories can win election

The Independent UK

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Time to Buy: iShares MSCI Brazil ETF Hits Another 52-Week Low

The iShares MSCI Brazil ETF hits its 16th 52-week low of the past 12 months in early Wednesday trading. One of only three ETFs hitting a 52-week low compared to 249 hitting a 52-week high. It’s time to buy EWZ.

Barchart

Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising

Those who salivate over other nations’ interest rates with barely any care for people losing their jobs really need to think about their priorities

The Guardian - AU

The workers are not alright: Most employees are quiet quitting and it's costing the global economy trillions

“Quiet quitting” is far from over.

Fortune

Senegal joins oil-producing nations with launch of first offshore field

Senegal has joined the ranks of oil-producing nations with Australian company Woodside Energy on Tuesday announcing the start of production in the West African country's first offshore project.

Radio France Internationale

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More than an art form: In Cape Verde, music boosts economy and tourism

In Cape Verde, music is more than just an art form – it is central to the country's national identity and economy. Experts estimate that around a quarter of all jobs in the archipelago are in some way linked to the music industry. The most famous Cape Verdean singer of…

France 24

U.K.’s legion of missing workers and quiet quitters is costing the economy nearly $400 billion, adding to a productivity crisis it can’t seem to escape

No one wants an economy that punches below its weight when it comes to productivity as it undermines economic resilience to big shocks.

Fortune

German Electric-Aircraft Maker Sets Up APAC Headquarters in Shenzhen

Lilium, which makes vertical takeoff and landing vehicles, joins EHang and Shanghai AutoFlight in the southern metropolis as the city seeks to boost its low-altitude economy

Caixin Global

Where to Invest For The Rest of 2024

Kiplinger examines ideas of where to invest for the rest of the 2024 year.

Kiplinger

UK economy flatlined in April in a blow to the governing Conservatives ahead of the July 4 election

The British economy failed to grow in April in a blow to Prime Minister Rishi Sunak who has made the return of growth a central pillar of the Conservative Party’s election campaign

The Independent UK

UK economy shows no growth in April in latest blow to Rishi Sunak

THE UK economy recorded no growth in April after wet weather dampened consumer spending, according to the Office for National Statistics, in a…

The National (Scotland)

Brexit betrayal: Leave voters turn against UK government over broken promises on borders and economy

Leave support...has basically gone back to being extremely doubtful about our politicians, says polling expert Sir John Curtice

Evening Standard

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The Independent UK

Myanmar's economy in crisis as civil strife disrupts trade and livelihoods

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

The Guardian - UK

Another washout for Rishi Sunak as rain dampens UK growth

GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

The Independent UK

Stock market today: Asian shares are mixed ahead of a Fed decision on interest rates

Shares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates

International Business Times

UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month.

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The Independent UK

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The economy flatlined due to wet weather hitting retail sales over the Easter period, following growth of 0.4% in March

Evening Standard

Economy fails to grow in sodden April in new blow to Rishi Sunak

The latest ONS growth figures come ahead of the Bank of England’s decision on interest rates next week

The Guardian - UK

UK economy flatlines in blow to Rishi Sunak’s hopes of recovery

April growth figure 0% as Britain held back by poor retail and construction activity amid wet weather

The Guardian - UK

UK GDP stagnated in wet April; Wall Street hits record high as US inflation falls – as it happened

UK GDP failed to grow in April, as wet weather hit retailers and construction firms

The Guardian - UK

From ‘hug a husky’ to ‘max out the oil’: the Tory environmental journey

We look back through 14 years of Conservative manifestos at policies on net zero, energy, transport and more

Al Jazeera

Is Pakistan’s crisis-ridden economy finally recovering?

Inflation is down, forex reserves are up. But analysts warn it’s early days, and everyday people are yet to benefit.

International Business Times

Mexican President-elect Says Investors Have Nothing To Fear

Mexican president-elect Claudia Sheinbaum said Tuesday that investors had nothing to fear from proposed judicial reforms that have rattled confidence in Latin America's second-largest economy.

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