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The Latest Breaking News from Economy

Want to know if US is in a recession? You’re asking the wrong question

America is simply too big for generalizations. The right question is whether your industry is in recession

The Guardian - US

Rishi Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes

Evening Standard

The four men vying to win Kenya’s presidential election

The biggest challenge for the four men competing to succeed Kenya’s President Uhuru Kenyatta is to ease the cost of living crisis engulfing East Africa’s biggest economy.

Tribune News Service

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Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes.

The Independent UK

Pay to get paid: NDIS workers raise concerns about gig economy platforms

Tech solutions allow workers to find clients directly, but when it comes to guaranteeing employee benefits not all are equal

The Guardian - AU

Reserve Bank's bitter medicine harms the patient it's trying to save

Facing a cost of living crisis, the Government can open a modern economic toolkit and move from Wellbeing Budgets to a Wellbeing Economy.

Newsroom.co.nz

Cost of living: Fears over potential fuel poverty deaths unless Stormont ministers take action

People gathered at a cost of living protest in Belfast on Saturday afternoon

Belfast Live

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Manufacturing’s coming home: UK fashion boss champions ‘reshoring’

A Derbyshire firm is sourcing homegrown suppliers and labour – and even supporting a local school. But will anyone follow suit?

The Guardian - UK

USD 1 trillion economy target: U.P. government appoints Deloitte consultant

By 2027, Uttar Pradesh will become a benchmark for the policy of “Sabka Saath, Sabka Vikas”, said CM Yogi Adityanath

The Hindu

Sunak and Truss tear each other apart on economy in latest leadership hustings

Rishi Sunak warned that unless inflation gets under control, there is ‘no hope’ the Tories will win the next election.

The Independent UK

Argentina's ambitious 'superminister' takes on economic crisis

Asked about Sergio Massa, Argentina's new "superminister" for the economy, many Argentines perceive him as an opportunistic politician with limitless ambition.

Reuters

What the blowout US jobs numbers actually mean

While recession fears may have cooled for now, the Fed is likely to be more bold with its rate hikes at future meetings.

Al Jazeera

Truss and Sunak only mention cost of living TWICE each in Twitter campaigning

TORY leadership contenders Liz Truss and Rishi Sunak have only mentioned the cost of living crisis TWICE each on Twitter during the campaign so far,…

The National (Scotland)

Stagflation: What is it, and what can be done to tackle it?

A recent report has warned that the UK is headed for a recession that will plunge millions of vulnerable households across the UK into financial crisis.

Evening Standard

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The Independent UK

Man sparks debate with rant about girlfriend’s ‘messed up’ habit on flights

Redditors were divided over the etiquette surrounding individual upgrades

Axios

With 528,000 jobs added in July, the U.S. labor market is on fire

It's excellent news for job seekers, though Fed officials are likely to see reasons to worry about inflation pressures.

Benzinga

Block, Lockheed Martin And 2 Other Stocks Insiders Are Selling

The US economy added 528,000 jobs in July. Investors, meanwhile, focused on some notable insider trades.

WEKU

The job market got even better, in a surprisingly positive sign for the economy

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

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news in one place.

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Axios

U.S. adds whopping 528,000 jobs in July as labor market booms

Economists expected the economy to add roughly 260,000 jobs in July.

The Independent UK

US unemployment rate drops to 3.5 per cent amid ‘widespread’ job growth

‘Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic levels’

The Independent UK

Recession forecast explained: What you need to know

The UK’s central bank has predicted a long recession and eye-watering inflation

The Conversation

Inflation: why it's happening and why interest rates are going up to combat it

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.

Daily Mirror

What is 'stagflation' and how is it different from inflation as UK faces recession

When an economy is ravaged by high inflation and stagnated growth, economists brand it 'stagflation' to describe the nightmare combination. The UK economy is heading that way

The Independent UK

Pacific rim economies in doldrums, sapped by inflation, war

Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine add to uncertainty and the aftereffects of the pandemic

The Independent UK

EXPLAINER: How do we know when a recession has begun?

The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended

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