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The Latest Breaking News from Economy

Liz Truss vows to reverse national insurance rise and 'put money into people's pockets'

Foreign Secretary Liz Truss took a swipe at ex-Chancellor Rishi Sunak’s handling of the economy and public finances. She says she opposed the national insurance rise and wants to help struggling Brits

Daily Mirror

When high fashion and the news collide: Haute Couture Winter 2022/2023

No matter the state of the world, fashion’s job is to keep people dreaming. By emphasising the power of artistry, fashion not only provides welcome distraction, but props up the economy – and can also be subtly political. At Dior, Maria Grazia Chiuri is working hand-in-hand with Kyiv-based artist Olesia…

France 24

Odds of US recession within next year near 50%, survey shows

Odds are now close to even that the U.S. economy will slip into a recession within the next year as persistent and rapid inflation emboldens the Federal Reserve to pursue larger interest-rate hikes.

Tribune News Service

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Copper price at lowest level since 2020 as fears over global economy grow

Fall comes amid concerns that soaring inflation will curb spending by large manufacturers

The Guardian - UK

The huge economic impact of universities

Plans for a National Technology Institute would provide a huge boost for the city of Newport and the wider region

Birmingham Post

Japan overlooks technological treasures it already has right under its feet

There is growing concern about Japan's science and technology. Although Japan has been putting a lot of effort into becoming a "science and technology-oriented country," its international standing has actually declined in recent years. According to a report released last year by the Education, Culture, Sports, Science and Technology Ministry,…

The Japan News/Yomiuri

Democrats' time to pounce

Recent polling data suggests the race has moved 3-5 points to the Democrats in the last few weeks

Salon

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Ali Velshi: Biden can't fix the economy

From sky-high food prices to rising interest rates, here's why we're heading into recession — and what happens next

Salon

Liz Truss: Who is the foreign secretary hoping to become Tory leader?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt

The Independent UK

Kenya's election promises: an economist's perspective

Kenya has four presidential candidates in the August 2022 general election. They recently launched their manifestos and one thing ties them together: the economy.

The Conversation

Thailand to offer land ownership to lure wealthy foreigners

Thailand will allow wealthy foreigners to fully own land for residential use, government spokesman Thanakorn Wangboonkongchana said on Friday, seeking to boost its economy by attracting a million new big-spending residents from overseas.

Bangkok Post

Editorial: The political price: Biden, inflation and the coming election

Inflation this high is very bad for Americans, and especially the Americans who have to pinch pennies to feed their families, write the rent check and fill their gas tanks. And while it’s axiomatic that the economy a president oversees is the economy for which he’s held accountable, it’s also…

Tribune News Service

Chidambaram says Nirmala Sitharaman should appoint chief economic astrologer, BJP calls it ‘obnoxious’ comment

NEW DELHI: Under attack from its rivals over the economy, the BJP has launched a counter-offensive in order to defend the Narendra Modi government at the Centre.

The Times of India

Europe 'shot itself in the lungs' with sanctions on Russia, Orban says

The European Union has "shot itself in the lungs" with ill-considered economic sanctions on Russia, which, unless rolled back, risk destroying the European economy, Hungarian Prime Minister Viktor Orban said on Friday.

Reuters

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The Guardian - UK

Company insolvencies jump 40% in England and Wales; China’s growth slumps – as it happened

Pandemic and economic uncertainty caused by Brexit have added to pressures on businesses, insolvency expert says

The Independent UK

Asian shares mixed after China says growth weakened in 2Q

Asian share prices are mixed after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home

WEKU

China's economic growth slows following COVID lockdowns

China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks.

AAP

Couple challenge Vic vaccinated economy

A Victorian couple say the state's vaccinated economy is "fanciful" and violates their constitutional freedom as they mount a legal challenge to the mandate.

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The Guardian - AU

China’s economic growth slumps sharply after Covid lockdowns

Shutdown of cities takes its toll, while property market remains in crisis and global outlook darkens

Axios

China's economy grows at slowest pace since 2020 as lockdowns bite

Efforts to quash COVID infections brought factory production and consumer spending to a crawl.

Al Jazeera

China’s economy slows sharply, fanning global recession fears

Second quarter expansion of 0.4 percent is the weakest performance since the initial coronavirus outbreak in Wuhan.

The Independent UK

China's economy shrinks during virus shutdown,

China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way

StockNews.com

Is the Fed Engineering a Recession to Crush Inflation?

The S&P 500 (SPY) declined more following the June CPI report which showed that inflation was worse than expected at 9.1% vs 8.8%. As a result, the odds of a 100 basis point hike at the July meeting and a 75 basis point hike at the September meeting increased. Ironically,…

Bangkok Post

The unmatched legacy left by Shinzo Abe

The assassination of former Japanese prime minister Shinzo Abe is as sad as it is shocking. For Japanese of my generation, the tragedy calls to mind US President John F Kennedy's assassination in 1963 and the attempted assassination of Abe's grandfather, Japanese Prime Minister Nobusuke Kishi, who was stabbed in…

The Conversation

6 ways governments drive innovation – and how they can help post-pandemic resilience

The COVID-19 pandemic has had an enormous impact on the global economy, with the total cost likely to exceed US$12.5 trillion dollars according to International Monetary Fund estimates.

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