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The Latest Breaking News from Economy

UK economy rebounds by 0.5% despite cost-of-living crisis

Growth witnessed across all main sectors – but ONS warns inflationary pressures could see this falter

The Independent UK

UK economy sees tiny growth of 0.5% after months of shrinking and recession fears

The economy has returned to growth, but this has been driven by more people visiting the doctor and booking holidays, with some economists predicting a further slowdown

Daily Mirror

UK economy returns to growth thanks to holiday boom and GP visits

GDP rose by 0.5% in May after revised 0.2% decline for April, says ONS

The Guardian - UK

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UK GDP rises by 0.5 per cent in May

Increase in output was bigger than expected in the City

Evening Standard

Stick with net zero targets for good of economy, businesses urge next PM

Groups representing Unilever and Amazon say long-term targets will boost investment and provide jobs

The Guardian - UK

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

The Guardian - UK

EXPLAINER: What's happened and what's next in Sri Lanka

Sri Lanka’s president, who had announced he would resign Wednesday, has fled the country after months of turmoil culminated in protesters converging on the presidential palace

The Independent UK

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Shanghai sweats over small, but stubborn COVID outbreak already hampering economy

Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that recently emerged from a painful two-month lockdown.

Reuters

Baht in spotlight after hitting 7-year low

The currency of Southeast Asia's second-largest economy hit a seven-year low of 36.35 baht against the greenback last week. Nonetheless, analysts feel upbeat about the baht's future in the second half of this year.

Bangkok Post

Rishi Sunak would run economy ‘like Margaret Thatcher’ and ‘cut taxes responsibly’

Former chancellor has set out his economic vision as detractors accuse his camp of ‘dirty tricks’

The Independent UK

Common sense Thatcherism needed for UK economy, says Sunak

The former chancellor told the Telegraph newspaper that his economic vision amounted to ‘common sense Thatcherism’.

The Independent UK

Guilt, shame, dissatisfaction: workers and customers on the gig economy (and how to make it better)

The gig economy is in trouble. Rideshare drivers are cancelling in droves. Wait times for food delivery are ballooning out and driver shortages are leading to food waste.

The Conversation

NZ has reached 'full employment' – but not all workers will benefit from a tighter labour market

New Zealand’s unemployment rate hit a low of 3.2% in the fourth quarter of 2021 and again in the first quarter of this year. That’s the lowest the rate has been since at least 1986, both overall and separately for men (3.1% in both quarters) and women (3.3% in both…

The Conversation

The Reserve Bank can look across to New Zealand for a hint on Australia's economic future

New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?

ABC News

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Ballotpedia

ESG pulling Europe in opposite directions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Guardian - UK

Emmanuel Macron ‘proud’ of supporting Uber’s lobbying drive in France

French president vows to ‘do it again tomorrow’ after leaks he told Uber executives he had brokered secret ‘deal’

Asharq Al-Awsat

Macron Dismisses Criticism of Uber Contacts as Minister

President Emmanuel Macron on Tuesday dismissed critics who questioned his close dealings with Uber executives and business lobbyists when he was France's economy minister, saying he was "extremely proud" of his achievements in that role. Macron's political opponents on the left and the right lashed out at the president Monday…

The Independent UK

Macron dismisses criticism of Uber contacts as minister

President Emmanuel Macron is dismissing critics who questioned his close dealings with Uber executives and business lobbyists when he was France’s economy minister

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news in one place.

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Benzinga

Central Banks Are Picking Up The Slack On Climate Finance

While only a minority of central banks currently have specific sustainability responsibilities, a majority are performing greater climate risk management roles, particularly as it relates to mitigating climate risks that challenge the stability of the financial system.

Radio France Internationale

Macron responds to Uber Files allegations, 'proud' of meetings with executives

Addressing for the first time accusations that he bent the rules for the US transport company Uber when he was economy minister, French President Emmanuel Macron on Tuesday acknowledged that he held discussions with company executives, and he would do it again.

StockNews.com

Could This Be the Most Unusual Time in Economic History?

Sometime last year, I presented a theory that this is probably the most unusual time in economic and financial history due to the pandemic, shutdowns, stimulus, war, etc. It's made a mockery of many forecasters who were late in recognizing the inflation threat, underestimated the economy's resilience in 2020 and…

Reuters

France's Macron: I wouldn't change anything in dealings with Uber

French President Emmanuel Macron said on Tuesday he would not change a thing in the approach he took to U.S. ride-hailing firm Uber Technologies when he served as economy minister, after political foes said they would seek a parliamentary inquiry.

The Times of India

RBI chief signals policy won’t sacrifice growth too much

Reserve Bank of India governor Shaktikanta Das said monetary policy is mindful of the economy’s growth needs, signaling that tightening will be geared to ensure there isn’t a massive slowdown.

The Times of India

PM Narendra Modi underlines importance of infra projects to boost economy of eastern India

RANCHI: Prime Minister Narendra Modi on Tuesday underlined the importance of infrastructure projects in boosting the economy of any region.

Chronicle Live

Young people 'won't want to work five days a week' Northumberland county councillors told

The council's HR boss explained it was due to the rise in the so-called platform economy

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