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The Latest Breaking News from Economy

Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible

Wall Street wants the Fed to keep cutting to a normalized rate level. It might not happen as quickly as they’d like.

Fortune

Here’s why the gap between Americans’ perception of U.S. economic performance and reality has doubled since 2019, according to economists

A vast majority of Americans report satisfaction with their economic situation. And yet, most Americans believe the economy is faring poorly.

Fortune

South Africa’s unity government won’t dent poverty and inequality if it follows the same old policies – sociologist

A recent poll by the Social Research Foundation, a think thank, found that 60% of South Africans thought the government of national unity was working well. It also reported that support for the unity government’s anchor political parties, the African National Congress (ANC) and the Democratic Alliance (DA), had risen…

The Conversation

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Scotland's unemployment rate now below UK-wide figure, new data shows

UNEMPLOYMENT in Scotland has dropped in the last quarter and is now below that of the UK as a whole, the latest figures indicate ...

The National (Scotland)

How to Choose the Perfect Private Office for Productivity and Lifestyle

Melbourne has established itself as a thriving hub for startups, freelancers, and growing businesses. With its dynamic economy and emphasis on innovation, the demand for coworking spaces and private offices is on the rise. As individuals and teams look beyond traditional office leases, coworking environments offer an appealing blend of…

inkl

France could block sale of 'best-selling' drug if production doesn't stay local

France’s Economy Minister has warned that the government could block the sale of a subsidiary of the French pharmaceutical company Sanofi to a US private equity firm if it cannot guarantee that its production of paracetamol, under the name Doliprane, remains in France.

Radio France Internationale

Stock market today: Asian shares are mostly higher after Wall St powers to more records

Asian shares have advanced after Wall Street rolled to more records

The Independent UK

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Trump's economic plans would worsen inflation, experts say

Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”

The Independent UK

Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback

Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.

Al Jazeera

UK ‘risks repeat of surging energy bills’ amid continued reliance on gas

Energy crisis panel warns country is ‘dangerously unprepared’ and must shift away from gas quickly

The Guardian - UK

The government spent twice what it needed to on economic support during COVID, modelling shows

The independent inquiry into the government’s COVID response is due to report on October 25.

The Conversation

Where do Harris and Trump stand on the key election issues?

From abortion to the economy, the Democrat and Republican have widely diverging visions for the country

The Guardian - US

"It is no exaggeration to say that millions of animals will be spared torment and cruelty because of their selfless dedication." Black Sabbath's Geezer Butler dubbed 'Rock Star for Animals' in animal welfare award

The Center For A Humane Economy organisation has honoured Geezer Butler for his commitment to animal welfare

Metal Hammer

China’s exports slow sharply in September, adding to worries over the economy

China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economy

The Independent UK

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France 24

Pharmaceutical giant Sanofi looks to sell consumer health unit, sparks political uproar

France's Economy and Industry ministers, Antoine Armand and Marc Ferracci, are heading to Lisieux this Monday to visit the production sites of popular headache reliever Doliprane. The visit takes place after the maker of the pill, French pharma group Sanofi, said it was in talks to sell off its consumer…

The Guardian - UK

Over £60bn of pledges announced at UK’s investment summit – as it happened

Chancellor says £60bn of investment has been announced at summit, showing confidence in UK economy

The Independent UK

Stock market today: Asian shares gain after China says more help is needed for its slowing economy

Asian shares have started the week on a high note, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy

International Business Times

Shanghai Stocks Swing After Stimulus Briefing As Most Of Asia Rises

Shanghai stocks fluctuated Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other Asian markets tracked another record day on Wall Street.

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news in one place.

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The Guardian - UK

China’s plan to boost flagging growth is the very definition of economic insanity

For the fourth time in 16 years, ‘bazooka’ stimulus aims to reset the economy – but China’s problems demand structural solutions

The Guardian - UK

Labour’s challenge is complicated by the triumph of finance. That’s bad news for UK plc

To get the necessary investment, Labour must bring the financial sector onboard while diluting its often malign influence

AAP

Jobs market on display as inflation picture brightens

Employment data for September is the main event on this week's economic calendar, pointing to the state of Australia's job market and wider economy.

Fortune

China's rate cuts may actually worsen the economy

China's financial system is aimed mainly toward the supply side of the economy.

International Business Times

Migrants Not Grabbing Black, Hispanic Jobs As Trump Claims, And They Boost Economy: Report

Economists say his mass deportation plan would cost $1 trillion and send the costs of food and other basic items soaring

The Guardian - UK

Calls for investigation of Uber Eats and Deliveroo after raid on Bristol caravan camp

Migrant workers accuse Home Office of targeting the victims of labour exploitation rather than companies profiting from them

International Business Times

Analysts Warn More Detail Needed On New China Economic Measures

Analysts gave a cautious welcome to China's announcement Saturday of fresh fiscal stimulus to revive its ailing economy but warned that more details -- and specific headline figures -- were needed before its effect could be fully assessed.

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