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The Latest Breaking News from Economy

Who benefits from US tariffs on Chinese imports? Experts weigh in

While tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.

Al Jazeera

Federal budget sets clear direction for Hunter's industrial diversification

Budget offers a solid foundation for the region's energy innovators

Newcastle Herald

India's April Trade Deficit Grows Due To Lower Exports

Learn about India's widening trade deficit in April due to decreased exports and the impact of the pandemic on the economy.

Top News

Southwest monsoon to reach Kerala around May 31

Southwest monsoon arrival in Kerala crucial for India's economy, expected around May 31 with above-normal rainfall forecasted.

The Hindu

Pressure coming off RBA as jobs market loses some heat

The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.

AAP

Rachel Reeves should be brave and stop blaming the economy

Letters: There are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economics

The Guardian - UK

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Putin Heads To Beijing Seeking Greater Support For War Effort

Russian President Vladimir Putin arrives in China on Thursday to meet his "dear friend" Xi Jinping as he seeks to win greater support from Beijing for his war effort in Ukraine and his isolated economy.

International Business Times

Breaking Down Non-U.S. E-Commerce Giants: PDD vs. JD

Despite the weakening real estate sector and other macro challenges, the Chinese economy has demonstrated remarkable resilience, as highlighted by GDP growth of 5.3% in the first quarter, beating market expectations. Amid this, let’s analyze PDD Holdings (PDD) and JD.com (JD) to determine which is the better non-U.S. stock pick.…

StockNews.com

T.N. government highlights schemes launched by CM, says they have improved livelihoods of people

Tamil Nadu government's schemes under CM M. K. Stalin boost economy, improve livelihoods, and focus on education and infrastructure.

The Hindu

Calling all UK pension funds - your country needs you!

Jeremy Hunt must do more this week at Dorneywood to stop the hugely damaging flight from UK equities

Evening Standard

EU Cuts Inflation Forecast For 2024 Despite Uncertainty

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

International Business Times

Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

The Guardian - UK

Wholesale Prices Increase Ahead Of Projections As Inflation Fight Rages

The Federal Reserve's multi-year battle with inflation continues to grind on the U.S. economy after Tuesday's data revealed a higher-than-expected increase in the Producer Price Index.

International Business Times

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Barchart

US Economy: Is Consumerism Being Curbed?

A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.

Al Jazeera

Russia’s defence rejig: ‘Unfortunately for Ukraine, a very effective move’

Analysts predict Andrei Belousov will boost Russia’s military-industrial complex as Kyiv’s forces struggle on the front.

The Guardian - AU

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

The Guardian - AU

Australia budget 2024: the six graphs you need to see

A surplus matters less than what choices the government makes in its budget – here’s what Jim Chalmers’ statement tells us

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news in one place.

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AAP

Value-added: back to a future made in Australia's mines

Mining and refining is central to the budget's plan for Australia to hold its own in a global economy beset by fierce competition for sovereign production.

The Guardian - UK

UK unemployment may not reach its worst, but economic rebound will stall

Failure to cut interest rates will take money out of the system, hitting businesses such as hospitality

Top News

Germany Sees Record Foreign Investment In Economy

Germany's record foreign investment levels reflect its stable economy, skilled workforce, and green technology focus.

Newcastle Herald

West block band together for 24-hour economy acceleration boost

Uptown Accelerator has piqued the interest of Newcastle venues.

StockNews.com

3 China Stocks to Buy Weathering Market Volatility

As the world’s second-largest economy struggles with a slump in consumer confidence, analysts believe that achieving the growth target set this year could be challenging. Amid this uncertainty, it could be ideal to invest in robust China stocks Ping An Insurance (PNGAY), Youdao (DAO), and Autohome (ATHM) for potential gains.…

Al Jazeera

Kazakhstan jails former minister for 24 years over wife’s torture, murder

United Nations says about 400 women die from domestic violence in Kazakhstan each year, but many cases go unreported.

The Guardian - UK

Andrei Belousov: Putin picks trusted technocrat to run defence ministry

Loyalist economist who ‘thinks years ahead’ inherits Kremlin’s biggest challenge as it prepares for the long haul in Ukraine

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