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The Latest Breaking News from Economy

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 Conversation

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 Guardian - 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

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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 Independent UK

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.

The Conversation

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

TheDoomBlade13 reply source pxluna reply source Sohn_Jalston_Raul reply source H_Lunulata reply source zkgv reply source ketchup1001 reply source i_am_the_nightman reply source Lets_Smith reply source Banditofbingofame reply source ryegye24 reply source BlackWindBears reply source misstwodegrees reply source Voltshift773 reply source TheKnightsTippler reply source anon reply source Nikaramu reply source frozen_toesocks reply…

Bored Panda

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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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

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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Newslaundry

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.…

The Guardian - UK

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 National (Scotland)

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…

Fortune

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.

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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.

AAP

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.

Salon

McCain: People losing "little luxuries"

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

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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