Analysts warn that the Labour Party’s proposals are unlikely to be cheap and could come at the cost of jobs in the oil and gas industry.
Category: Economic Conditions and Trends
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Political Gridlock Will Raise the Economic Stakes in France
The French election results point to a prolonged political logjam, which may not help a country bedeviled by high debt and slowing economic growth.
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Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration
Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in the United States.
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Growing Economic Anxiety and Inequality Fuels Unrest Worldwide
Economic turmoil is spreading across the globe, and the response has been protests, attempted coups and elections of far-right politicians.
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Women in India Face a Jobs Crisis. Are Factories the Solution?
As multinational brands shift factory production from China, Indian women — long shut out of the work force — could be prime beneficiaries.
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Economists Worry About Fiscal Plans of Macron’s Rivals: What to Know
The far-right National Rally party and the left-wing New Popular Front are focusing on a cost-of-living crisis to woo voters, but their plans risk worsening France’s soaring deficit.
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Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight
Jerome H. Powell, the Fed chair, and Christine Lagarde, the European Central Bank chief, sounded optimistic about recent inflation data but reiterated the need for more confidence for rate cuts.
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China Dangled Rebates to Lure People to Spend. It’s Not Enough.
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.
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Along the Hollywood Walk of Fame, a Struggle to Make a Living
Los Angeles lifted restrictions that had forced street vendors, mostly immigrants, on Hollywood Boulevard to dodge citations. Other challenges remain.
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Behind the Unrest in Kenya, a Staggering and Painful National Debt
Kenya, the fastest growing economy in Africa, is on the brink of a fiscal calamity. Across Africa, nations are spending more on interest than on health or education.
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For American Brands Worried About China, Is India the Future?
As multinational retailers diminish their dependence on Chinese factories, some are shifting production to India.
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Where Have All the Chinese I.P.O.s Gone?
Chinese companies’ stock market listings once flooded Wall Street. These days, China’s initial public offerings are in a drought.