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The Latest Breaking News from Economy

Councillor accuses new leadership of Dumfries and Galloway Council of "by-passing the democratic process"

Just a matter of days after taking charge of the council administration, the Conservatives group came under scrutiny over its decision-making process

Daily Record

FTSE 100 Live: ‘Worries about contagion’, Deutsche Bank slides, FTSE closes down 1.3%

Banking stocks slipped further today, as shares in Deutsche Bank plunged in Frankfurt.

Evening Standard

What to expect from the first night of Scotland's Festival of Economics

Here’s what to expect on first night

The National (Scotland)

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Scotland's first Festival of Economics kicks off in Dundee

SCOTLAND’S first Festival of Economics begins today in Dundee.

The National (Scotland)

'Employers have a central role' in accelerating Scotland's journey to net zero

CIPD report argues that skills development and community impact will be key in the transition to a green economy

Insider UK

Wall Street’s ‘Dr. Doom’ sees ‘Bermuda Triangle’ of risks for economy and warns of a 2008-like crisis

“We avoided the debt crisis a couple of times...but now the game is over," economist Nouriel Roubini said in a new interview.

Fortune

Fed risks throwing millions out of work

"The Fed is playing with fire," warns former Labor Secretary Robert Reich

Salon

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Fed's unwanted ally in bid to tame inflation: Credit crunch

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending

The Independent UK

Banning Chinese Products in the Name of 'National Security' Could Have Disastrous Consequences

It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.

Reason

Bishop Auckland Stack set to open next spring after plans given go-ahead

Work is expected to start on the site at Newgate Street immediately and will be a permanent building rather than shipping container structure

Chronicle Live

Bank of England raises interest rates to 4.25%

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Al Jazeera

2 Stocks to Sell Short in 2023

Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.

StockNews.com

Regulator backs local banks to ride out global storm

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

AAP

Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

The Conversation

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StockNews.com

2 Best Oil and Gas Stocks for Investors to Buy Today

The soaring global oil demand, especially driven by the Chinese economy, and constrained supplies have created enduring tailwinds for the energy sector. Given this backdrop, quality oil and gas stocks Marathon Petroleum (MPC) and Valero Energy (VLO) could be solid buys now. Read on….

StockNews.com

2 Cannabis Stocks to Think Twice About Before Buying

The cannabis industry has been facing several economic and regulatory challenges. Demand has also slowed amid a glut in supply. With the Fed unlikely to stop interest rate hikes, the economy could enter a recession this year. Amid this backdrop, it could be wise to avoid fundamentally weak cannabis stocks…

Birmingham Post

Ex-Thorntons CEO gets planning for £6m addition to Derbyshire marina

New Promenade building at Mercia Marina will have 14 apartments above seven ground floor retail units

Glasgow Live

Glasgow needs to lead 'fourth industrial revolution' to tackle climate change

The city is being awarded a share of £100m from the UK Government's levelling up fund and City Leader Susan Aitken said Glasgow's "innovation economy" could help transform the city.

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The Week

Three years since lockdown began: how Britain changed

The UK’s first national lockdown was introduced on 23 March 2020 in an attempt to reduce the spread of the deadly Covid-19 virus.

The Guardian - UK

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

Insider UK

Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Birmingham Post

Two freeports in Wales “double boost” for Welsh economy, say business groups

The Port of Holyhead and the Ports of Milford Haven and Port Talbot under the Celtic Freeport bid will become freeport zones

Newcastle Herald

Transport, cost of living and cannabis: Hunter candidates share their top priorities

The Herald asked all candidates in the Hunter's nine seats what their top three priorities were ahead of the NSW election.

WEKU

The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

WEKU

Teetering banks put Biden between a bailout and a hard place ahead of the 2024 race

Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.

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