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The Latest Breaking News from Economy

In India, couples begin their legal battle for same-sex marriage

Couples have filed petitions to India's Supreme Court seeking the legalization of same-sex marriage. The decision could make India the second economy in Asia after Taiwan to recognize the unions.

WEKU

Sunak urges UK to ‘have hope’ despite bleak assessment of economy

Sunak, in an interview with Morgan insisted he could deliver the five priorities he has set for the nation

The Independent UK

January may have delivered lower, if still solid, job growth

The American economy has an unusual problem: The job market looks too strong — at least to the inflation fighters at the Federal Reserve

The Independent UK

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Google shares slip after sales miss as advertising demand slows

Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts’ expectations, signaling lower demand for its search advertising during a slowing economy.

Tribune News Service

The 5 key takeaways from Rishi Sunak’s interview with Piers Morgan

Rishi Sunak chatted about a range of topics, including the war in Ukraine, industrial action and nurses’ pay

The Independent UK

Rishi Sunak promises to release tax returns ‘shortly’

Mr Sunak, in an interview with Piers Morgan for TalkTV, insisted he could deliver the five priorities he has set for the nation.

Evening Standard

Have hope: Sunak says he can get the economy growing this year

Mr Sunak, in an interview with Piers Morgan for TalkTV, insisted he could deliver the five priorities he has set for the nation.

The Independent UK

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Corporate Australia is opening its books — and the numbers probably won't be too bad, for now

It's time for the twice-a-year look inside corporate Australia, and analysts say this profit-reporting season is likely to signal a turning point for the economy as a whole.

ABC News

Losing the natural world comes with major risks for your super fund and bank

As the economist Herman Daly pithily said, the economy is a wholly owned subsidiary of the environment – not the reverse. Nature makes our lives possible through what scientists call ecosystem services. Think healthy food, clean water, feed for livestock, building materials, medicine, flood and storm control, recreation, and attractions…

The Conversation

UK to perform worst of major economies in 2023, says IMF – here’s how to achieve long-term growth

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow – including sanctions-hit Russia. Meanwhile the Bank of England expects the UK economy will be no larger…

The Conversation

How to watch Joe Biden’s State of the Union address

President expected to discuss police reform, economy and Ukraine war

The Independent UK

Home Office U-turn on Pontins takeover amid local economy concerns

Sefton Council told the ECHO it had been informed the Home Office was no longer wishing to pursue the plans

Liverpool Echo

Rod Oram: Floods and strikes should shock NZ from complacency

We can avoid a recession if companies invest wisely in their future; our mood will be the crucial determinant.

Newsroom.co.nz

Hit to UK economy from Brexit coming through faster than expected, Bank of England says

The Bank of England also said while the UK was heading for recession, it may be shorter and shallower than previously expected

Wales Online

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Reuters

Tunisians struggle with prices and shortages as economy worsens

Tunisian street cleaner Lassad Mejri says life has grown so tough for his family because of the country's dire economy that they prepare just one meal a day, but as government finances falter, there may be worse to come.

Daily Mirror

'My husband booked a business class flight and left me and our toddler in economy'

A woman has expressed her anger after her husband is flying a long-haul flight business class while she and her son are in economy - once she asked for an upgrade, her husband lied until weeks before flight

The Independent UK

UK house prices: How interest rate rise will affect property market and mortgages

Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls

The Guardian - UK

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

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Evening Standard

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

Wales Online

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

Manchester Evening News

What time is the Bank of England interest rates announcement today?

Changes to the interest rate will be announced later on today which will directly affect the economy

The Guardian - UK

UK borrowers may struggle to repay debt as economy worsens, says Santander

Bank puts aside more money to protect itself from potential defaults in expected recession

Caixin Global

Caixin New Economy Index Slips for Second Straight Month

The NEI fell 1.4 points to 28.3 in January as labor, capital and tech inputs declined

Liverpool Echo

Home Office declines to answer what they might want Pontins for

Two years ago, Pontins was described as the "biggest blight on Ainsdale," but how important is the holiday park to the area's economy?

Tribune News Service

Tech giants broke their spending records on lobbying last year

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the U.S. economy.

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