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UNCOVERED: 30 - The Untold Story

Every person in Ireland owes €44,000 each as part of the national debt

This makes Irish people some of the most indebted in the world

Irish Mirror

US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

The Independent UK

Surge in US hiring surprises markets

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Bangkok Post

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U.S. economy adds whopping 517,000 jobs in January

The numbers are more than double the 190,000 forecasters anticipated.

Axios

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Guardian - UK

'Income barriers' impacting part-timers get govt attention

As labor shortages become an increasingly pressing issue amid the economic recovery from the COVID-19 pandemic, Prime Minister Fumio Kishida has said he will consider ways to overcome issues related to "income barriers" that impact workers such as part-timers.

The Japan News/Yomiuri

Services sector declines to two-year lows but firms showing ‘cautious optimism’

The sector declined for the fourth month in a row amid cutbacks to business and consumer spending.

The Independent UK

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‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard

Why has the Bank of England hiked interest rates and what does it mean?

The decision was taken to help keep inflation under control.

The Independent UK

The figure that shows why teachers are on strike in Wales

Experts have looked at teachers pay in the last 13 years

Wales Online

Tory backbenchers plan to put pressure on Hunt to cut childcare costs

Exclusive: Group led by Siobhan Baillie want chancellor to use budget to relax rules and eliminate business rates for nurseries

The Guardian - UK

Have hope: Sunak says he can get the economy growing this year

Mr Sunak, in an interview with Piers Morgan for TalkTV, insisted he could deliver the five priorities he has set for the nation.

The Independent UK

COVID Stimulus Spending Played 'Sizable Role' in Inflation

Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.

Reason

Sunak refuses to even utter the word crisis. But how else to describe his first 100 days?

Inertia on the NHS and obstinacy on strikes have left the equivocating PM clinging to a life raft, says Guardian columnist Polly Toynbee

The Guardian - UK

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Daily Mirror

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

The Times of India

How opposition leaders praised Nirmala Sitharaman’s Budget 2023

NEW DELHI: While leaders of the ruling BJP-led NDA are gloating over the budget presented by finance minister Nirmala Sitharaman on Wednesday, some opposition leaders unexpectedly have also praised it.

The Independent UK

Bank of England poised for big rate hike to tame inflation

The Bank of England is expected to raise interest rates by as much as half a percentage point

Birmingham Post

Vaughan Gething outlines his priorities for the Welsh economy

Apprenticeships and the foundational economy will be priorities

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ABC News

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

Chicago Sun-Times

Fed hikes key interest rate by quarter-point, signals more ahead

The Fed did note for the first time that price pressures are cooling. It said “inflation has eased somewhat but remains elevated.”

The Guardian - UK

The Guardian view on economics in the media: poorly communicated, poorly understood

Editorial: Economics affects us all, yet is too often treated as an abstract field fenced in by impenetrable rules

The Independent UK

Majority of schools in England closed to some pupils amid teachers’ strike

Secondary schools were more likely to have closed their doors to some cohorts of pupils than primary schools, according to figures by the DfE.

StockNews.com

Owning These 3 Stocks Could Make You Rich in 10 Years

Consistently falling prices and stronger-than-expected fourth-quarter GDP are renewing hopes about the economy’s overall health. Therefore, it could be wise to add quality stocks with solid fundamentals, Walmart (WMT), Bristol-Myers Squibb (BMY), and CVS Health (CVS), to your portfolio to garner substantial returns in 10 years. Read more….

Dynamite News

Centre Presented Budget Keeping In Mind 2024 Parliamentary Polls: Samajwadi Party MP Dimple Yadav

The Centre has presented the Union Budget keeping in mind the 2024 parliamentary elections, said Samajwadi Party MP Dimple Yadav. Read further on Dynamite News:

The Independent UK

India to raise spending on job creation ahead of election

Prime Minister Narendra Modi’s government plans to ramp up capital spending by 33% in a $550 billion annual budget designed to spur economic growth and create jobs ahead of a general election next year

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