US growth remains at 2.1 per cent in second quarter while jobless claims tick up US Economy The US economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.
Evergrande: Shares suspended with future of China property giant uncertain CHINA Trading in shares of Evergrande have been suspended with the chairman under police watch and the balance sheet under stress
Are we in the age of the ‘permacrisis’? interview Michael Spence and Mohamed El-Erian tell City A.M. about the age of the ‘permacrisis’ as they release their new book with Gordon Brown.
Rising oil prices won’t derail fight against inflation, experts reckon September 28, 2023 Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.
Evergrande: Chair of Chinese property giant placed under police watch – reports September 27, 2023 Evergrande's founder is under police surveillance, according to reports, as the firm struggles to meet debt obligations
Pound on track for worst month since mini-budget as traders rein in bets on rate hikes September 26, 2023 The pound is on track for its worst month since Liz Truss' disastrous mini-budget as traders rein in bets on how high interest rates will go in the UK.
Long-term sickness prevents 2.5m people from working, report suggests September 25, 2023 Women, young men and people unable to work from home are more likely to suffer from long-term sickness which prevents them from working, according to a new report. One in 16 working-aged people in the UK – or around 2.5m – are “economically inactive” due to long-term sickness, the Society of Occupational Medicine (SOM) said. [...]
UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns September 25, 2023 The UK economy will “struggle to keep its head above water” for the remainder of this year as it is experiencing “renewed signs of stress,” KPMG warned today.
Pound falls to six month low against dollar – and there’s worse to come September 22, 2023 Since mid July, when sterling was worth $1.31, the pound has steadily fallen against the dollar and was trading around $1.2260 today.
Manufacturing downturn continues as firms warn selling prices will creep up September 22, 2023 Output fell in nine out of 17 sub-sectors in the three months to September, with particularly sharp declines in transport equipment, chemicals and paper.