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The Latest Breaking News from Economics

The Coalition reveals the cost of its nuclear power plan – but the devil is in the missing detail

The Coalition has released long-awaited detail on its nuclear energy policy, claiming its plan to build seven nuclear power stations would be A$263 billion cheaper than Labor’s renewables-only approach.

The Conversation

Peter Dutton says nuclear ‘will make electricity cheaper’ but critics say Coalition costings a ‘fantasy’

Opposition leader spruiks Frontier Economics modelling but Labor insists ‘it won’t pass the pub test’

The Guardian - AU

Why We Got Our Tesla Cybertruck Testers From Turo, Not Tesla

There's a weird relationship at the heart of car reviews. Dealers largely won't let us drive cars for more than an hour, and that's not enough for a review. We'd love to buy every car we drive, but anyone suggesting that's possible doesn't really understand the economics of the modern…

InsideEVs

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We have to change our economy if we want to avoid environmental collapse

2024 has been another year when mainstream economics detached itself from the climate reality ...

The National (Scotland)

CSIRO refutes Coalition case nuclear is cheaper than renewable energy due to operating life

National science agency dismisses argument nuclear’s economics have not been adequately considered in new draft report

The Guardian - AU

Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened

Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November

The Guardian - UK

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

Benzinga

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Levy on foreign students could help migration woes

Increasing international student fees with a levy could be a better way to decrease migration numbers than a cap on enrolments, a top economics professor says.

AAP

What’s a trade war?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

Cop29: poorer countries are left shortchanged again

Letters: Chiara Liguori says the richest and biggest polluters must be targeted to finance the green transition, while Steve Brown says there is no sign of a transition away from fossil fuels. Plus Philippe Delacote, Tara L’Horty, Anna Creti and Andreas Kontoleon on flaws in carbon credit markets

The Guardian - UK

Harley-Davidson Can't Afford Trump's Proposed Tariffs

As a quick economics refresher, here's how tariffs work. A company imports either a product or part of a product from a country that isn't where they're based. They cost, let's say, $20 before tariffs. The company then sells that product for $30 to the consumer, netting themselves a small profit.…

RideApart

About 20 terminally ill people in UK die in unrelieved pain each day, research finds

Office of Health Economics says it used ‘most conservative of estimates’ and ‘true number is likely to be much larger’

The Guardian - UK

Why Cloud Economics is the answer to the AI innovation/cost conundrum

Cloud economics enables AI innovation by aligning cloud spending with business value, optimizing costs through FinOps.

TechRadar

Cop29 president faces pressure over LSE climate academic detained in Azerbaijan

Dozens of fellow academics have called for the release of the London School of Economics professor Dr Gubad Ibadoghlu detained in Azerbaijan.

Evening Standard

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Reason

Democrats Did Themselves No Favors by Veering Hard to the Left

Economics likely spelled doom for Harris, but extreme ideology sealed her party’s fate.

The Conversation

The Serviceberry: this Indigenous understanding of nature can help us rethink economics

In the tension between ecology and economics lies an uncomfortable truth: while both words share a root in “eco” (from the Greek oikos, meaning home), our modern economies often seem to overlook the home we all share – the natural world.

The Conversation

What are tariffs?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Guardian - UK

Thanks, Larry Elliott, for all the lightbulb moments on understanding economics

28 years of lessons | Sarah Winman’s Still Life | Crocodile infestations | Running bores | Brexit and Donald Trump

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The Guardian - UK

From Thatcher to Trump and Brexit: my seven lessons learned after 28 years as Guardian economics editor

The free market experiment has failed, free trade is out, and populism is rife but it can be defeated if the left can galvanise ideas into a credible plan

The Conversation

How informing shoppers can help fight inequality

Recent elections, G20 summits, and CEO pay scandals have brought inequality to the forefront of the news. Economists often point out that decisions on, say, tax policy in this arena depend on society’s – and individuals’ – attitudes to inequality and fairness. But how you feel about a given inequality…

The Guardian - UK

Ignore the doom-mongers: the good news on interest rates shows Labour is on the right track

Narratives matter in economics, and we must acknowledge the circumstances the government faces and give credit where due, says economist Mohamed A El-Erian

The Canberra Times

Barr set to relinquish treasury amid big ACT public service shake-up

Chief Minister promises 'economics team', hints at fewer directorates.

The Guardian - UK

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

The Conversation

What are Veblen and Giffen goods?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

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