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The Latest Breaking News on Economy

What the Finance Minister’s budget speech tells us – and what it doesn’t

Finance Minister Nirmala Sitharaman presented her sixth budget today. It was an interim budget, with the full budget being due once the next government is elected after the Lok Sabha polls, which should happen in April and May.

Newslaundry

India budget 2024: What does it say about the economy, elections?

The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.

Al Jazeera

Where does the money come from and where is it allocated?

Budget 2024: We see where the money for the 2024 interim budget comes from and where it is allocated in this article from The Hindu team.

The Hindu

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Union Budget | Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman

FM Nirmala Sitharaman Budget 2024 Speech: Indian economy witnesses positive transformation, projected to become third largest in the world with a GDP of $5 trillion

The Hindu

Federal Reserve continues to hold interest rates at 23-year high

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’

The Guardian - US

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

International Business Times

US Economy Grows 3.3% in Q4 2023, Exceeding Expectations

Discover how the US economy grew by 3.3% in the last quarter of 2023, surpassing expectations. Find out what this means for the Federal Reserve and rate cuts.

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US economic growth ends 2023 with surprising strength

Growth slowed far less than expected in last three months of 2023 and gross domestic product grew at annualized rate of 3.3%

The Guardian - US

UK factories cut production for 11th month in a row amid tensions in Red Sea

Dominant services sector expanded more than expected, boosting overall outlook for British economy, according to survey

The Guardian - UK

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

AAP

Economic Outlook Keeps Investors Wary On Nigeria

Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.

International Business Times

More than 370,000 appointments in London cancelled due to NHS strikes

Nearly 37,000 appointments were rescheduled in the capital this week following the junior doctors' strike

Evening Standard

Odisha going in for carbon budget for 2024-25 fiscal year

The Naveen Patnaik government is going in for a carbon budget, a policy means to keep the emissions reduction targets under control, for the financial year of 2024-25

The Hindu

Jobs Report Reveals Downward Revisions, Inflation Continues Amid Wage Stagnation

Discover the creative truth behind the US economy's recent job gains and steady unemployment rate. Are things really as good as they seem? Dive in to find out!

Top News

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AAP

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

The Hindu

Kerala for ‘innovative measures’ to raise additional resources

In the run-up to the 2024-25 State Budget, the State government is looking at “innovative measures” for mobilising the much-needed additional resources.

International Business Times

US Private Sector Hiring Up More Than Expected In December

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

The National (Scotland)

Humza Yousaf attacks Tories for 'choosing tax cuts for wealthy' over fair NHS pay

HUMZA Yousaf has accused the UK Government of prioritising “tax cuts for the wealthy” over fair pay for NHS staff as junior doctors in England…

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news in one place.

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The National (Scotland)

Here’s how many of Rishi Sunak’s five key pledges have been met one year on

RISHI Sunak is failing to deliver on most of the five key pledges he made a year ago which he said his government should be judged on, a report says.

The Hindu

Global Investors’ Meet 2024 will focus on distributed growth in T.N., says Minister

Ahead of the Global Investors’ Meet 2024, scheduled to be held this weekend in Chennai, Tamil Nadu Industries Minister T.R.B. Rajaa, in an interview with The Hindu, shares the focus areas, goals and prospects of the big ticket event

The Hindu

Urban consumer confidence stable, optimism in income levels | Data

November 2023 Consumer Confidence Survey: Pessimism about general economic situation, employment & income levels decreases; higher share of respondents say income levels have improved.

Evening Standard

UK economy set to escape 2024 'hard landing' in boost for Sunak

After a brush with recession, consumers are set to spur a rebound

The Independent UK

Recession warning puts another Sunak pledge at risk

The Prime Minister looks in danger of only meeting one of his five pledges for 2023.

The National (Scotland)

UK economy at risk of recession after worse than expected third quarter decline

THE UK is at risk of falling into a recession after revised official figures show the economy declined between July and September.

Evening Standard

Latest junior doctors’ strikes 'could lead to 75,000 cancellations in London' as medics walk out for second day

Training medics who are members of the British Medical Association are also preparing for the NHS’s longest-ever walkout in January

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