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The Latest Breaking News from Economy

RBA says decision to lift interest rate in June was ‘finely balanced’, easing expectations of further hikes

Minutes from RBA meeting on 6 June show the board was concerned about the ‘considerable uncertainty regarding the outlook for household spending’

The Guardian - AU

Migrants and refugees could boost economy: report

A new report shows unleashing the power of skilled migrants and refugees could boost the Australian economy and fill workforce gaps.

AAP

EconThai glum on second-half outlook

The domestic economy may slow down in the second half of the year due to a number of problems, ranging from looming drought and political uncertainties to a sluggish global economy, says the Employers' Confederation of Thai Trade and Industry (EconThai).

Bangkok Post

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UK economy in growth ‘doom loop’ after decades of underinvestment

Institute for Public Policy Research points to £500bn-plus underspend compared with other advanced economies

The Guardian - UK

Fixing UK’s draughty homes could add £40bn to economy, says Citizens Advice

Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond bills

The Guardian - UK

One lakh jobs to be provided under Knowledge mission project

The Knowledge Economy Mission will be implementing the ‘My job, my pride 2.0’ project, aimed at providing employment to one lakh people in one year, in collaboration with local bodies.

The Hindu

Only 1 in 3 African women have access to the internet–compared with half of men. The cost to the continent’s economy could be in the billions

More business and philanthropic leaders should join in the effort to promote gender equality and digital access in Africa, writes Michelle Williams.

Fortune

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Should You Buy, Sell or Hold JPMorgan Chase & Co. (JPM)?

The largest U.S. bank by assets, JPMorgan (JPM), raised its net interest income guidance by $3 billion last month following the acquisition of the First Republic Bank. However, the bank remains cautious as the uncertainty over deposits and the economy could impact its forecast. Should investors consider buying the stock…

StockNews.com

It is the responsibility of every citizen to see India become the third largest economy by 2030, says Governor

India has become the fifth largest economy in the world and it is the sole responsibility of every individual citizen to make a major contribution to see India as the third largest economy by 2030, Governor and Chancellor Thaawarchand Gehlot has said. He was addressing students after distributing degree convocation certificates…

The Hindu

NIO Inc. (NIO) vs. Honda Motor Co. Ltd. (HMC): Which Auto Stock Should You Buy?

With the global economy on the path to recovery, the automotive industry is poised for a significant upswing in sales of both commercial and personal vehicles. While leading auto stocks Honda Motor (HMC) and NIO (NIO) should benefit, let's discuss which of these auto stocks presents a more compelling investment…

StockNews.com

When Ideas Meet Capital: How Startup Pitching Becomes a Catalyst for the Global Economy

Startups are no longer just experiments of bold entrepreneurs. Today, they are the foundation of global economic transformation.

inkl

Australia’s shadow economy leeches $12.4bn from tax revenue amid Treasury’s failure to crack down

Auditor general’s report says bid to tackle cash-in-hand work and tax avoidance measures haven’t worked

The Guardian - AU

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar

Mr. Chandrasekhar said that the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech sector that Indian entrepreneurs and Indian startups are not present in

The Hindu

Wages are finally rising in Japan, as inflation eats away at consumer gains

Wages are rising in Japan more than they have in decades, at least for some workers

The Independent UK

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AAP

Pandemic threw shadow economy crackdown off course

The federal government's response to a growing and evolving shadow economy has been patchy and poorly co-ordinated, auditors have revealed.

Barchart

Bank Holiday, Housing Data and Other Key Themes to Watch This Week

Last week was a wild week in the market, with the FED confirming a pause in rates the Markets took that as a license to blast off. This combined with a better-than-expected inflation number helped push the S&P 500 back over $440.00.

The New Daily

Chalmers trumpets new employment growth numbers

Australia is outperforming major advanced economies on employment growth, with more people – and women – working than ever before.

Salon

Pinball vs. Big Tech's obsolesence love

In Big Tech's wasteland of planned obsolescence, praise for the defiant joy of flippers and steel

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Newsroom.co.nz

The recession you have when you’re not having a recession

While economists are expecting further contraction of the NZ economy this year, opinions vary as to how bad things could get.

The Guardian - UK

‘Anyone want to buy?’: Turkish lira falls as traders await uplift in economy

Mood is tense among currency traders in Istanbul’s Grand Bazaar, with country reeling from a profound economic crisis

The Guardian - UK

As mortgage rates surge, the Tories are losing their reputation for economic competence

The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

The Conversation

South Africa's ruling party is performing dismally, but a flawed opposition keeps it in power

As power cuts continue, the economy falters, unemployment rises and the currency tumbles, South Africa’s political commentators tend to agree that support for the governing African National Congress (ANC) will fall under 50% in the 2024 national and provincial elections. If the party avoids a defeat, it could lead to…

The Independent UK

Sierra Leone gears up for presidential election amid economic crisis, looming protests

Sierra Leoneans are heading to the polls on Saturday, June 24, to select their next president amid mounting frustration due to an ailing economy, rising unemployment and the loom of deadly protests

Daily Mirror

Kwasi Kwarteng pockets £27,000 for 30-minute speech to Swiss bankers

Just months after he and Liz Truss tanked the UK economy with their kamikaze mini-budget, Mr Kwarteng has started raking in cash from public speaking

The Hindu

Modi govt ‘ruining’ PSUs: Mallikarjun Kharge

The Congress chief said the Modi government does not believe that the Public Sector Undertakings (PSUs) are an important part of the country’s economy.

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