Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What All the Single Ladies (and Men) Say About the Economy
Aftershocks from the coronavirus pandemic continue to rumble across the U.S. economy, and Signet Jewelers shared a surprising one this week: The company is selling fewer engagement rings this year because, it says, singles who were stuck at home…
Keir Starmer must learn to break a few eggs if he's to achieve a green economy
A U-turn on the eve of a major policy announcement is not usually part of the plan for a government in waiting. Later this month the Labour leader, Sir Keir Starmer, will set out his pitch on energy, jobs and net zero, hoping to place a green…
Ukraine Economy Contracts Less Than Expected Despite Attacks
Ukraine's war-triggered economic plunge slowed the most since Russia's invasion, with business activity recovering faster than expected despite relentless missile bombardments against its energy grid and industrial sector. The economy shrank 10.5%…
India Shows Why World Economy Is In A Very Tight Spot
Global market trends rarely turn on events in Mumbai. But signals emanating from Reserve Bank of India headquarters demonstrate why all that investors thought they knew about 2023 is going awry. Just two months ago, the conventional wisdom was that…
Towards a new, green economy
The UN secretary-general António Guterres has warned that the world is facing a climate change tipping point. If governments, private-sector organisations and individuals are serious about limiting global heating – as was mandated by…
China, Its Economy Flagging, Prods Consumers to Save Less and Spend More
A reduction in the deposit rates is one lever that policymakers can use to stimulate spending. The hope is that the lower rates will give consumers an incentive to spend or invest money instead of parking their savings in the bank. The move is an…
US and Allies Condemn Economic Coercion With Attention on China
Australia, Canada, Japan, New Zealand, UK join in declaration Statement aims to send solidarity message to smaller nations The US and five major allies condemned economic coercion and non-market policies regarding trade and investment in a joint…
Labour under pressure over plans for UK economy
Also in today's newsletter: Eurozone in recession, Turkey's central bank chief, and how the pandemic has disrupted the dating cycle Receive free Global Economy updates We'll send you a myFT Daily Digest email rounding up the latest Global Economy…
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Watched by IMF, Pakistan to present budget amid economic, political crises
[1/3] A vendor speaks with a customer while selling fruits at a market in Karachi, Pakistan June 8, 2023. REUTERS/Akhtar Soomro ISLAMABAD, June 9 (Reuters) - Pakistan's government will present its annual budget to parliament on Friday needing to…
China's temple visits skyrocket amid economic uncertainty | CNN Business
China's post-Covid reopening was supposed to be the stimulant that the world needed. But after an early burst of activity, growth in the world's second largest economy appears to be stalling. Disillusioned by the deteriorating economic outlook…
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Oil market yawned over Saudi cut as economic concerns cap prices -Chevron exec
Economic malaise weighing on prices, but oil market tight Pick up in China demand could quickly change market Gas not just a transition fuel in some markets NEW YORK, June 8 (Reuters) - Concern about the global economy dampened the oil market's…
FACT SHEET: Biden-Harris Administration Announces Sweeping Executive Actions to Strengthen Economic Opportunity for Military and Veteran Spouses, Caregivers, and Survivors
Today, at Fort Liberty, North Carolina, President Biden will announce a comprehensive set of executive actions to increase the economic security of military and veteran spouses, caregivers, and survivors. Joined by First Lady Jill Biden, alongside…
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With eye on China, US and five allies condemn trade-related 'economic coercion
WASHINGTON, June 9 (Reuters) - The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at…
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US and UK back new 'Atlantic Declaration' for economic cooperation
WASHINGTON/LONDON, June 8 (Reuters) - Britain and the United States backed a new 'Atlantic Declaration' on Thursday for greater cooperation on pressing economic challenges in areas like clean energy, critical minerals and artificial intelligence.
The Gig Economy Comes for Hedge Funds
The explosive growth of the gig economy is one of the most important labor-market trends to emerge since the 2008 financial crisis. Companies offering ride sharing, do-it-yourself property rentals and a host of other services have upended…
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