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The Latest Breaking News from Economy

UK economy avoids stagnation with 0.2% growth between April and June – as it happened

The UK economy beats forecast with growth by 0.2% between April and June, including surprisingly fast 0.5% growth in June alone

The Guardian - UK

Here's where inflation stands today — and why it's raising hope about the economy

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

WEKU

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say.

Kiplinger

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CM unveils logo for Tamil Nadu Global Investors’ Meet 2024

CM Stalin unveils GIM 2024 logo, stresses need to attract investments & showcase State's achievements. 241 proposals worth ₹2.97L cr, 4.15L jobs created since DMK came to power. GIM to help TN achieve $1T economy by 2030, industry captains urged to be brand ambassadors.

The Hindu

Don’t Let an Overlooked Opportunity in Valvoline (VVV) Pass You By

While Valvoline is an incredibly boring company, a key trend in the consumer economy may bolster VVV stock for the long haul.

Barchart

‘They effectively stop the economy’: Deadly protests erupt over Cape Town taxi strike

Violence has erupted all around Cape Town following last week's announcement of a disruptive taxi strike against new local legislation allowing authorities to impound irregular vehicles. In the absence of this critical mode of transportation, commuters living in nearby townships have been left stranded – an issue that has primarily…

France 24

Zimbabwe heads to the polls amid high inflation, a slumping currency and a cost of living crisis

Zimbabwe is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dollar have combined to fuel a cost of living crisis for households and battered business activity.

The Conversation

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How much is the Russia-Ukraine war costing?

It’s been almost 18 months since Russia began its invasion of Ukraine and an end to the conflict between the two states seems no closer.

The Week

Jeff Loomis is one of metal’s most technically audacious players – and learning his techniques can really up your shred game

Improve your alternate picking, arpeggios and tapping skills with these 5 lessons in the style of the Arch Enemy virtuoso

Guitar World

Despite multiple crises, Tunisia’s president still has his supporters

Economic crisis and political repression have pushed many away, but Saied is still backed by some.

Al Jazeera

Why Britain won’t escape the fallout if China’s economy stagnates

China has slipped into deflation and could be headed for ‘lost decades’ of stagnation, but its weakness also threatens the UK’s economic prospects, says Sean O’Grady

The Independent UK

China’s economy is struggling but fears of sustained deflation are premature

Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expected

The Guardian - UK

A 'shadow economy' of firms like hand car washes and nail salons is exploiting workers – and regulations are making things worse

Almost a million UK workers do not receive holiday pay and the UK continues to lag behind most European countries in tackling the exploitation of these workers.

The Conversation

The fast, furious, and brutally short life of an African male lion

The death of a lion in Kenya’s picturesque savannas rarely tugs at people’s hearts, even in a country where wildlife tourism is a key pillar of the nation’s economy. But when one of the most tracked male lions in Kenya’s famous Masaai Mara was killed on 24 July 2023 the…

The Conversation

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The National (Scotland)

Kate Forbes backs vote of SNP members on governing deal with Greens

KATE Forbes has backed calls to “check in” with SNP members on whether the Scottish Government should continue with the Bute House Agreement…

The Guardian - AU

In previous downturns the world turned to China as an engine of growth – this time that driver may not be there

What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?

The National (Scotland)

UK 'heading for five years of lost economic growth', report concludes

THE UK is on course to experience “five years of lost economic growth”, according to a new report.

The Independent UK

UK ‘at risk of recession next year’ due to soaring interest rates, economists warn

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

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The Guardian - UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

Newcastle Herald

Advanced manufacturing 'key' to transforming Hunter economy

'There's so much pressure from government around sovereign manufacturing.'

The Independent UK

UK economy faces ‘stuttering growth’ over next 2 years due to higher interest rates

The National Institute of Economic and Social Research says the economy will avoid a recession

The Guardian - UK

Risk of UK recession at next general election is 60%, says thinktank

Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peak

The Independent UK

Scotland has had ‘slower growth’ in employment and wages since 2014, report says

Scottish Liberal Democrat economy spokesperson Willie Rennie MSP said the SNP must get serious about ending ‘depressed economic performance’.

The Independent UK

UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The National Institute of Economic and Social Research said in its main forecast that the economy will avoid a recession

The Independent UK

Local businesses in northern Nigeria feel the sting of regional sanctions against neighboring Niger

A decision by a bloc of West African nations to shut down their borders with Niger as a way of sanctioning its coup plotters is harming local businesses in northern Nigeria, where a cross-border economy has boomed for years

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