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The Latest Breaking News from Economy

Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation

Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.

Reason

Chinese yuan rebounds on Shanghai reopening hopes

The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon emerge from a two-month lockdown that has crippled economic activities in the city and weighed on the country’s overall economic recovery.

Benzinga

As China’s Economy Falters, Be Careful What You Wish For

Why Western schadenfreude about Beijing’s economic troubles is misplaced.

Foreign Policy

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North East economy was worst performing in the UK, new data shows

Statistics from the ONS show the region's economy shrank by 1.2% between July and September last year

Birmingham Post

Stagflationary risk low for India compared to others, says CEA

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations.

The Times of India

Report states how much Nottingham Forest promotion could bring to city's economy

That's what promotion brought to the city of another Premier League club in recent years

Nottingham Post

England bowlers urged to use 'risky' tactics as Brendon McCullum demands wickets

Test coach Brendon McCullum will back the likes of Stuart Broad and James Anderson to focus on taking wickets rather than improving their economy rates for England

Daily Mirror

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ANC policy papers touch on key issues facing agriculture and land reform in South Africa

The latest policy discussion document published by the African National Congress (ANC) presents a positive change from the ambiguous agriculture policy the South African governing party has maintained in the recent past. The latest document talks to the primary issues that, if implemented relentlessly, would drive the sector’s growth in…

The Conversation

GDP grows 8.7% in FY22: Highest in 22 years

NEW DELHI: India's gross domestic product (GDP) for financial year 2021-22 expanded to 8.7 per cent, highest in 22 years in terms of back series data.

The Times of India

France's economy shrinks as Eurozone braces for rates hike amid fears of fuel, food shortages

France's economy has contracted over the first quarter under the impact of soaring inflation, increasing the risk for President Emmanuel Macron in key legislative elections that get underway in less than two weeks' time.

Radio France Internationale

Succeeding in the Digital Age

How the BOI is promoting heavier adoption of digital systems

Bangkok Post

Turkey Projects 7% Growth for Q1 2022

The Turkish economy's solid and balanced growth trend and the pioneering data point out that annual growth will be around seven percent in the first quarter of 2022, Treasury and Finance Minister Nureddin Nebati said Monday. Speaking at the General Assembly of the Banks Association of Turkey (TBB), Nebati said…

Asharq Al-Awsat

Wales the only UK nation to see its economy shrink

Figures from the Office for National Statistics show the Welsh economy contracted in Q3 on 2021 compared to the previous quarter

Birmingham Post

Dale Vince’s Ecotricity begins building £11m ‘green gas mill’

The Gloucestershire energy firm said the facility in Berkshire would create jobs and contribute millions to the rural economy

Birmingham Post

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The Conversation

Wages: why are they not keeping up with inflation?

There has been a huge amount of concern about rising inflation in recent months, and it’s made worse by the fact that wage inflation has not been keeping up. A few workers in high-paid jobs have enjoyed higher bonuses and inflation-busting pay rises – it has just been reported that…

Asharq Al-Awsat

UAE, Israel Sign Major Trade Pact

Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first big trade accord with an Arab state that reduces or removes tariffs and over time targets lifting annual bilateral trade to more than $10 billion. The pact was signed in Dubai by Israel's Minister of…

Al Jazeera

Israel signs first Arab free trade agreement with UAE

Deal is Israel’s first big trade accord with an Arab state, after establishing ties in 2020.

ABC News

Wanderer Festival launches on NSW far south coast to boost economy, employment

With a line up featuring Sarah Blasko and Ziggy Alberts, the man behind the iconic Falls festival is hoping a new, unique gig on the NSW far south coast will appeal to all generations.

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Reuters

Israel, UAE boost ties with free trade pact

Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first with an Arab state and one which eliminates most tariffs and aims to lift their annual bilateral trade to more than $10 billion.

Reuters

China announces detailed stimulus measures to support virus-hit economy

China's cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement them.

The Independent UK

Shanghai moves toward ending 2-month COVID-19 lockdown

Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has throttled the national economy and largely bottled up millions of people in their homes

Al Jazeera

Japan’s factory output slumps in worrying sign for economy

Factory production falls 1.3 percent in April as China lockdowns and Ukraine war weigh on manufacturers.

Los Angeles Times

Inflation might motivate Republicans, but don’t expect it to win them many California elections

SACRAMENTO — Wallet-eating gasoline. Soaring grocery prices. Unaffordable housing. Tumbling stocks.

The Independent UK

Biden to meet Fed chair as inflation bites pocketbooks

President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks

The Conversation

Tapping mineral wealth in mining waste could offset damage from new green economy mines

To go green, the world will need vast quantities of critical minerals such as manganese, lithium, cobalt and rare earth elements. But to some environmentalists, mining to save the planet is a hard pill to swallow if it leads to damage to pristine areas.

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