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Seven trends to watch as the world’s richest countries get together

When the Group of Seven (G7) leaders get together in the Bavarian Alps this coming week for their forty-eighth annual summit, it won’t be a typical meeting. For starters, different faces will populate the “family photo”: There’s a new German chancellor and Japanese prime minister—not to mention a re-elected French president. But more importantly, the […]

Creating a wellbeing economy – gov.scot

Measuring economic, social and environmental prosperity. A new monitor will help inform policy decisions to reduce Scotland’s vulnerability to future financial and environmental shocks, helping build a more prosperous, resilient, equal and sustainable economy. The Wellbeing Economy Monitor will complement traditional metrics like Gross Domestic Product (GDP) and include measures such as child poverty, levels […]

Concluding Humanitarian Affairs Segment, Economic and Social Council Adopts Text on Increasing Coordination of United Nations Emergency Humanitarian Assistance – World

ECOSOC/7092 ECONOMIC AND SOCIAL COUNCILPLENARY2022 SESSION, 28TH & 29TH MEETINGS (AM & PM) Speakers Underscore Existential Threat Posed to Humanity by Climate Change The Economic and Social Council concluded its humanitarian segment today, holding its third and final panel, titled “Humanitarian impacts of the climate crisis: escalating risks, challenges and actions” — and also adopting […]

Euro slumps after bleak PMIs, dollar drops vs yen

U.S. jobless claims fall, but slowdown emerging Fed’s Powell speaks before Congress for 2nd day European PMIs come in softer than expected LONDON/NEW YORK, June 23 (Reuters) – The euro fell across the board on Thursday as weaker-than-expected German and French PMI data confirmed that the euro zone economy is struggling to gain traction, prompting […]

Inflation: In which countries is it highest and lowest?

Stakeholder Capitalism: Beyond GDP – measuring what matters Natalie Pierce: Welcome to Stakeholder Capitalism, a show from the World Economic Forum exploring how economies can be made to work for progress, people and the planet. I’m Natalie Pierce. And with me is the co-author of the book Stakeholder Capitalism, exploring what’s gone wrong with capitalism […]

Global economy: U.S. recession fears darken outlook for Japan, global factories

TOKYO, June 23 (Reuters) – Japan’s factory activity growth slowed to a four-month low in June as China’s COVID-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential U.S. recession. Australia’s manufacturing activity held steady this month, data showed on Thursday […]

Gas prices may inch down — but that’s not all good news

There’s good news and bad news on the gas prices front. Good news: Some price relief could be on the way. The bad news: It’s because traders are betting on a recession.In simple terms, there are two ways to bring down prices: Increase supply or reduce demand. The former is costly and complicated. The latter […]

An Economic Downturn Is ‘for Sure’ Coming, Trivago’s CEO Says

Axel Hefer, CEO of travel-search company Trivago, said an economic downturn was “for sure” coming. Hefer said the next four to eight weeks would determine how bad it will be. He shared what leaders should do ahead of a crisis, including taking a stance and sticking to it. Loading Something is loading. … Read more…

Bulls regain control and target 105.00, focus on Powell

DXY picks up pace and flirts with 105.00. US yields correct lower across the curve on Wednesday. Chief Powell’s testimony will be the salient event this week. The greenback, in terms of the US Dollar Index (DXY), regains the smile and approaches to the 105.00 mark on Wednesday. US Dollar Index looks to Powell The […]