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The Latest Breaking News from Economy

PM suggests he's ready to break international law to 'protect British steel'

BORIS Johnson has suggested his government is prepared to break international law to impose new steel tariffs.

The National (Scotland)

PM implies he is prepared to breach international law to safeguard UK steel

Boris Johnson argued at the G7 summit in Germany it is reasonable for British steel to enjoy the ‘same protections’ as other European economies.

The Independent UK

G7 nations are worried about global economic crisis - Scholz

All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.

Reuters

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Greedflation: Is price-gouging helping fuel high inflation?

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits

The Independent UK

UAE to Double National Economy to $816 Billion by 2030

The Ministry of Economy has announced that the UAE will soon sign comprehensive economic partnership agreements (CEPA) with several countries. It will also sign trade preference agreements with the member countries of the Organization of Islamic Cooperation in early 2023. The ministry said that the new partnership agreements aim to…

Asharq Al-Awsat

India wants to capture world market, to become $30 trillion economy very soon: Piyush Goyal

New Delhi Union Minister Piyush Goyal on June 26 said India wants to capture the world market in all

The Hindu

Labour has now claimed the centre ground – and has shown it can win

Last week’s byelection proves that the country is crying out for change, and we are the party that will deliver it

The Guardian - UK

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Saudi Bourse to Launch Single Stock Futures on July 4

The Saudi stock exchange Tadawul plans to launch single stock futures on July 4, which will enable local and international investors to hedge and manage portfolio risks more effectively. Tadawul said in a statement on Sunday that the underlying stocks for single stock futures have been selected from the largest…

Asharq Al-Awsat

Ukraine, Hunger, Inflation: G7 Leaders Navigate Myriad of Crises

G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war. From soaring inflation to a looming food crisis and energy shortages, the conflict in Ukraine, now in its fifth…

Asharq Al-Awsat

Stop in-fighting and help economy recover, CBI boss warns Government

CBI director-general Tony Danker warns Ministers that rows over Brexit, the environment and other matters are sapping confidence from business leaders

Birmingham Post

Crown's Sydney casino to deliver $100m in extra tax revenue for NSW government in first year, experts say

Experts say the gambling floors in Sydney’s tallest skyscraper will not deliver as much as once hoped for the state's economy, with its major high-roller market all but gone.

ABC News

Putin is pushing Germany’s economy to the breaking point

In Germany, some industrial furnaces have been running without interruption for decades. If they cool down suddenly, the molten materials harden and the system breaks.

Tribune News Service

Britain’s hidden online ‘microworkers’ paid less than £4 an hour

Call to name and shame firms paying below the minimum wage for gig economy tasks like data entry

The Guardian - UK

UK quietly drops ‘human rights’ and ‘rule of law’ from list of goals in Gulf trade deal

Ministers are desperate to sign new trade deals after damaging the UK economy with Brexit

The Independent UK

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Asharq Al-Awsat

Shanghai Reports Zero Covid Cases for 1st Time Since Outbreak

China reported zero new Covid-19 infections in Shanghai for the first time since March on Saturday, as the country's latest outbreak subsides after months of virus-spurred lockdowns and restrictions. China is the last major economy still committed to a zero-Covid strategy, stamping out new cases with a combination of targeted…

StockNews.com

3 Tech Stocks to Buy as Inflation Expectations Ease

With the economy slowing and oil prices down by about 20% over the last couple of weeks, odds are increasing that inflation could be turning lower. This could be a catalyst for high-quality tech stocks such as Microsoft (MSFT), Veeva (VEEV), and Expedia (EXPE).

Bangkok Post

Beware the global ripple effect from Fed rate hike

At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation.

StockNews.com

3 Top-Rated High-Dividend Stocks Under $20

The Fed’s aggressive interest rate hikes in the face of the rising inflation are raising the possibility of the economy tipping into a recession. Given the market uncertainties, high-dividend stocks Sisecam Resources (SIRE), Grindrod Shipping (GRIN), and Alliance Resource (ARLP), which are currently trading under $20, could be an ideal…

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Reuters

Ontario premier Ford vows to rebuild economy, unveils new Cabinet

Doug Ford took the oath of office for a second term as the premier of Canada's most populous province on Friday with a promise to build highways and homes, and rebuild Ontario's economy.

ABC News

As cost of living bites, more Australians are seeking second-hand bargains — many of them online

As cost of living bites, more Australians are seeking second-hand bargains — but some would prefer you keep that a secret.

The Hindu

Chidambaram flays government over state of economy

Is the Indian economy really in the “pink of health”, former Finance Minister asks

StockNews.com

3 Strong Stocks That Are Bucking The Downward Trend

Growing concerns over the multi-decade high inflation and the Fed’s tighter monetary policy have kept the stock market under tremendous pressure lately. Furthermore, analysts are raising the odds of the economy sliding into a recession. Amid this environment, it could be wise to invest in fundamentally sound stocks, Adams Resource…

Al Jazeera

Impoverished Gaza economy struggles under Israeli blockade

Approximately 300,000 workers are unemployed, with 80 percent of factories closed since the beginning of the blockade.

The National (Scotland)

New monitor to help deliver 'fairer, healthier and greener' economy, says Kate Forbes

A NEW monitor is set to be used by the Scottish Government to help deliver its ambition of a fairer, healthier and greener economy.

Chronicle Live

Little Mix star Jade Thirlwall becomes latest to support safety scheme at her South Shields bar

Bar tenders, door staff and club managers at the popular venue took part in the training which educates night-time economy staff on vulnerability, identifying risks and their duty of care

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