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The Latest Breaking News from Economy

No interest rate cut in the near term and you may have to sell your house: key takeaways from RBA governor’s speech

Selling would be bad news for struggling homeowners, but Michele Bullock likely thinks a long period of high inflation would be worse

The Guardian - AU

Americans who have a job are feeling secure. Not so for many who are looking for one

The American labor market, red-hot for the past few years, has cooled

The Independent UK

France pays €130m to New Caledonia to revive post-crisis economy

The French government has paid out €130 million in additional aid to businesses and public services in New Caledonia in a bid to deal with the crisis that erupted in mid-May.

Radio France Internationale

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Greek Economy On Rebound But Many Still Struggling

Greek barista Kyriakos Giannichronis has seen the headlines about his country's newly booming economy after years of recession -- but he does not feel the wealth.

International Business Times

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fall

Asian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors

The Independent UK

The Government's Permitting Regime Is Choking the Economy

Housing costs, job availability, energy prices, and technological advancement all hinge on a web of red tape that is leaving Americans poorer and less free.

Reason

Can Australia reach net zero by 2050? A new reports shows it must be ‘the new normal’

The Climate Change Authority’s sector pathways review says a huge national effort is needed and the net zero goal should become front of mind for business, investors and governments

The Guardian - AU

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Slowing growth impacts women's financial equality

It remains two steps forward and one step back for women's financial equality with experts saying gender norms are fuelling the gap.

AAP

Morning Mail: health groups call for census U-turn, gambling losses mount, De Minaur out of US Open

Institutes say sexuality and gender data is needed to improve health outcomes; Australians lose an average of $1,600 a year on punts

The Guardian - AU

Harris proposes a ‘billionaire minimum tax’. Trump wants a new tax on all sales

Vice President announced proposals aimed at small businesses today, seeking to contrast her plans for the economy with Donald Trump’s

The Independent UK

National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

The Conversation

Can we really reach net zero by 2050? A new report maps out Australia’s path in more detail than ever before

A zero-carbon mindset must “become the new normal” in Australia, according to a much-anticipated report from the federal government’s independent climate advisory body.

The Conversation

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

AAP

Now the Australian economy is on its knees, will the RBA finally start cutting interest rates?

So far we have not gone into recession – but only because our population has grown and the government has kept spending

The Guardian - AU

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Top News

US Economy Navigating Uncertainty Ahead Of Key Reports

US economy faces uncertainty with upcoming jobs report and Fed policy decision, influencing political narratives.

Latin Times

Markets Plunge With Wall Street After Nvidia Rout, Weak US Data

The sight of investors running to the hills sparked memories of the brief but tumultuous sell-off at the start of August that was partly fuelled by a big miss on US jobs creation.

Barchart

Stock Index Futures Slip as U.S. Recession Fears Resurface, JOLTs Report in Focus

September S&P 500 E-Mini futures (ESU24) are down -0.30%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.46% this morning, extending yesterday’s slump amid worries about a slowing U.S. economy, while investors awaited the latest reading on U.S. job openings.

International Business Times

Wire Network Launches Blockchain For AI Agent Economy

Wire Network open-sourced its UTL where AI agents can conduct millions of transactions across all blockchains, revolutionizing blockchain engagement in the AI era.

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Evening Standard

Channel migrants: Packed dinghy spotted crossing sea from France a day after 12 drown in latest tragedy

French Interior Minister Gerald Darmanin warns Britain’s black economy will continue to be a magnet for illegal immigrants

AVNetwork

AVIXA Report: Pro AV Growth Still Moderate Amid Tepid Macro Environment

Globally, the United States is a bright spot for GDP, but overall it's a soft macroeconomy.

Al Jazeera

Australia’s economy posts worst performance since 1992, excluding pandemic

Gross domestic product declines 1.5 percent on per capita basis following successive interest rate hikes.

The Guardian - AU

Afternoon Update: Australia’s economy weakest in decades bar Covid; NSW Liberals deny ‘stuff-up spiral’; and spider brains shrink

And the US Open semi-finals take shape

The Conversation

What’s a recession – and how can we tell if we’re in one?

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

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Independent UK

Asian stocks decline, following Wall Street's drop on worries about the economy

Asian stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start

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