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The Latest Breaking News from Economy

Brands are leaning on 'recycled' clothes to meet sustainability goals. How are they made? And why is recycling them further so hard?

Today we make more clothing than ever before. And the driver for this is primarily economic, rather than human need. Over the past decade, the term “circular economy” has entered the fashion industry lexicon, wherein materials are made to be reused and recycled by design.

The Conversation

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

The Guardian - UK

Workers' real pay will be cut by £470 thanks to Brexit, damning report says

A study by the Resolution Foundation think tank and London School of Economics details some of the outcomes of the decision to quit the EU - six years after the historic vote

Daily Mirror

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UK begins trade talks with Gulf states

Expected deal expected could add around £270m a year to the Scottish economy

Insider UK

KTAM sees Chinese funds as overlooked for H2

Krungthai Asset Management (KTAM) recommends investing in the Chinese stock and fund markets in the second half of this year, expecting the country's recovering exports and the government's accommodative monetary policy to help boost the economy.

Bangkok Post

Bill Maher Gets Schooled By His Own Guest On Inflation & The Stock Market (Video)

This article was originally published on June 21, 2022.

Benzinga

Here's Why This Analyst Slashed Twitter's Price Target By 39%

Rosenblatt analyst Barton Crockett maintained Twitter, Inc (NYSE:TWTR) with a Neutral and cut the price target from $54.2 to $33, below Tesla, Inc (NASDAQ:TSLA) chief's takeover bid. Crockett believed that the absence of the deal would lead to even lower share prices for Twitter. Social media comparables were already hit by a possible weakening ad market likely…

Benzinga

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Why McKinsey & Co. Predicts Metaverse Valuation Will Soar To $5 Trillion by 2030

McKinsey & Company, a global consulting firm, announced that they see the metaverse growing into a $5 trillion economy by the year 2030.

Benzinga

Do we need to fear another recession?

It came as a surprise to economists, but GDP fell 0.2 percent in the March quarter - is New Zealand in for another recession?

Newsroom.co.nz

The importance of pelvic floor exercises

Bladder problems affect physical and mental wellbeing and cost the economy billions of dollars each year, writes Dr Jennifer Kruger

Newsroom.co.nz

Fed's Powell facing rising criticism for inflation missteps

Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession

The Independent UK

Compound semiconconducter cluster needs swift decision on Newport Wafer Fab says Economy Minister

Nexperia said it has invested £160m in its two UK fabs over the last 15 months

Birmingham Post

Is The US On The Brink Of A Recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.

Benzinga

The Earth's Corr: 'Gold diggers' now have access to a quarter of Northern Ireland

Department for Economy has issued 13 prospecting licences since 2016 with another four under consideration

Belfast Live

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Evening Standard

Spanners in the works that really aren’t needed

There is now a real risk of major disruption to the economy for the rest of 2022

Caixin Global

Fisher: Chinese Stocks Will Rebound With or Without More Stimulus

China’s economy doesn’t need that much help, as Covid reopenings will do the job of lifting the country out of its temporary stagnation

Newcastle Herald

Royalty rip-off: Hunter misses coal mining windfall in NSW Budget

The NSW government will rake in an extra $810 million in coal royalties this year - and almost $4 billion over the next four years - but has not put an extra dollar into a fund to help coal mining communities prepare for change.

Birmingham Post

Business leaders warn train strike could cause 'incredible damage' to the UK economy as RMT members walk out

Hospitality and retail sectors among those likely to be hard hit

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news in one place.

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Reuters

Biggest rail strike in 30 years brings UK to standstill

Britain's biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the way for widespread industrial action across the economy in the coming months.

The New Daily

High inflation to persist for ‘some years’, warns Reserve Bank boss

The governor of the Reserve Bank has warned high inflation is likely to persist for years to come as the global economy works through major supply issues.

AAP

Early use of yield target a success: RBA

Reserve Bank governor Philip Lowe says the initial use of a bond yield target to keep funding costs low during the pandemic was a success.

Reuters

Thousands of Ecuador indigenous protesters march on capital

Thousands of indigenous demonstrators marched through Ecuador's capital on Monday urging President Guillermo Lasso to agree to demands for economic and social support, the latest in a series of protests that have injured dozens and disrupted the economy.

Newcastle Herald

Housing and health among the winners in NSW spending splash

Revenue is also expected to increase on the back of projected rises in GST revenue, mineral royalties, payroll and land taxes.

AAP

RBA warns of damage from rising inflation

Reserve Bank governor Philip Lowe has warned of the damage inflation can inflict on the economy and why it needs to be brought under control.

Bangkok Post

Data protection law slashes unwanted calls

More than 90% of incoming mobile phone calls offering products and services have vanished thanks to the Personal Data Protection Act (PDPA), which came into effect on June 1, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn.

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Chaiwut Thanakamanusorn

Chavinda Hanratanakool

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Resolution Foundation

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