Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Silverstone's new MotoGP contract 'great news' for economy
An extension to Silverstone's deal to continue hosting MotoGP is a boost to the local and national economy, the track's managing director has said. MotoGP and Silverstone announced the news to keep the highest class of motorbike racing at the…
Silverstone's new MotoGP contract 'great news' for economy
James Grant, Northamptonshire and James Burridge, Silverstone Circuit An extension to Silverstone's deal to continue hosting MotoGP is a boost to the local and national economy, the track's managing director has said. MotoGP and Silverstone…
Financials Down on Economic Trepidation -- Financials Roundup
Shares of banks and other financial institutions ticked down amid trepidation about the U.S. economy. The surprising loss of jobs in July could complicate the Federal Reserve's plans if inflation remains elevated, economists warned. While markets…
What the July jobs report reveals about the strength of the economy
Heather Long, Chief Economist, Navy Federal Credit Union: So this is not the jobs report many people were expecting. Where do you see the biggest weaknesses here? Yes, this was a real wakeup call, definitely a bleak report. As you pointed out, it…
Why The Hydrogen Economy Is Taking Longer Than Promised
Fountain Valley, CA - June 14: Hydrogen cars fueling up at TrueZero in Fountain Valley Wednesday, June 14, 2023. (Allen J. Schaben / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images It feels like a mirage now. Germany's…
Hong Kong economic forecasts upgraded as global investment initiatives exceed targets
With multiple major financial institutions recently raising Hong Kong's full-year economic growth forecast to around 4.5 percent, surpassing government expectations, the city's commerce chief has highlighted the success of ongoing global outreach…
US unexpectedly loses jobs in blow to Trump's economy claims
The United States unexpectedly lost thousands of jobs in July, government data showed Friday, a blow to US President Donald Trump's claims of leading an economic revival as his Republican Party gears up for crucial midterm elections. The world's…
Can war-torn Myanmar finally realise its economic potential?
Rina left Myanmar shortly after the 2021 coup as military violence escalated against pro-democracy protesters like herself and the economy of her country, once a Southeast Asian frontier that had flickered with promise, ground to a virtual halt.
Union calls for robust review of OBR over fears it holds back economic growth
The TUC is urging the new chancellor, John Healey, to order a “root and branch” review of the Office for Budget Responsibility, claiming the forecaster's approach holds back investment. With Andy Burnham promising “good growth…
Trump's economy is in the dumps
The U.S. economy lost 23,000 jobs in July, the Bureau of Labor Statistics announced on Friday, a drop that economists describe as “downright concerning.” This marks the sixth report showing a job loss during President Donald Trump's…
Corner of London highlighted for its economic 'clusters'
By the standard of most London boroughs, Hammersmith and Fulham is small. Wedged between Kensington and Chelsea to its east and Ealing and Hounslow to its west, it looks on a map as if it is being crushed by its neighbours, tall and somewhat thin…
Economy lost 23,000 jobs in July, falling short of expectations
Mark Hamrick, chief economic analyst for the Hamrick Brief, told the Washington Examiner that, broadly speaking, the report was disappointing. “You have the first negative print on payrolls since February,” he said. “Now we're…
Global economic policy seems to be at the mercy of Bessent's to-do list
When the Trump cabinet met at Camp David last week, the US Treasury secretary, Scott Bessent, ostentatiously put a 'to do' list in front of him, where it could be seen by journalists. 'To Do,' it said. 'Buy Japanese Yen (JPY) $5 — $10 bill.'…
What Friday's jobs report means for the economy and Trump
Job numbers can bounce around from month to month. That is why it is important to look at the trend over multiple months. With downward revisions to the numbers for May and June, the three-month moving average of job gains was 20,000 in July. That…
US economy lost 23,000 jobs in July in surprise blow to Trump - business live
Newsflash: The US economy shed jobs last month. The US nonfarm payroll shows a fall of 23,000 jobs in July, startling economists who had expected a rise of around 80,000. Employment declined in local government education and retail trade, the US…
Receive a Daily briefing on Economy Industry News
Get Started