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The Latest Breaking News from Economy

Fed Chair Daly Urges Caution In Rate Cuts Decision

The President of the Federal Reserve Bank of San Francisco, Mary C. Daly, has stated that the Federal Reserve should not rush to cut interest rates unless it is deemed necessary. Daly's comments come amidst growing speculation about the possibility of the Fed implementing rate cuts to stimulate the economy.

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China's Yuan-Dollar Cycle: Vicious Hoarding And Weakening Trend

China's economic landscape has been marked by a cycle of dollar hoarding and a weakening yuan, creating a vicious cycle that has significant implications for the global economy.

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China's Q1 Property Investment Decline Worsens

China's property investment decline in Q1 raises concerns about economic stability and broader implications for the economy.

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UK Wage Growth Slows, Bank Of England Considers Rate Cuts

Recent data shows UK wage growth slowing as Bank of England considers interest rate cuts, raising concerns about the economy.

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Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

The Guardian - UK

Chinese Economy Beats Growth Expectations In First Quarter

Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.

International Business Times

China's Economy Beats Expectations With 5.3% Growth In Q1

China's economy exceeded expectations in Q1 2024 with 5.3% growth driven by manufacturing and household spending. Challenges and policy responses are shapi...

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Equities Sink, Oil Rallies On Fears Of Iran-Israel Conflict

Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend.

International Business Times

China’s economy beats expectations, growing 5.3 percent in first quarter

Statistics agency says economy has made ‘good start’ to the year under the leadership of Chinese President Xi Jinping.

Al Jazeera

Solomon Islands prepares for ‘most important election since independence’

Voters worry about state of economy and cost of living as foreign analysts focus on China ties.

Al Jazeera

China Posts Forecast-beating Growth In First Quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

International Business Times

China Paid Billions In Aid To Local EV Makers, Including Tesla, To Dominate The Market: Study

BYD was the biggest beneficiary of China’s support scheme, raking $3.7 billion in direct subsidies, followed by Tesla.

InsideEVs

ECB May Cut Rates More Than Three Times In 2022

The European Central Bank considers multiple interest rate cuts to boost the economy amidst global uncertainties.

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China Economy Seen Slowing In First Quarter On Housing, Consumer Woes

Beijing officials last month set a target of around five percent growth for the year -- a goal they admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.

Latin Times

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India's Wholesale Prices Increase At Fastest Rate In Three Months

India's wholesale prices surge in August raises concerns about inflation's impact on the economy. Stakeholders must collaborate to mitigate the effects and...

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China's Q1 GDP Growth Expected To Slow

China anticipates a slowdown in Q1 GDP growth, prompting discussions on additional stimulus measures to support the economy.

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US Economic Growth Poses Global Benefit, Inflation Risks Loom

US economic growth has global benefits but faces inflation concerns. The Fed's role in managing inflation is crucial for sustainable growth.

TV Tech

NAB Show to Address Emerging Creator Economy With New Creator Lab

With a projected $480 billion value by 2027, the creator economy is coming on strong

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The Hindu

Telangana government initiates corrective measures to put State economy back on track

Telangana government implements cost control measures to increase accountability, reduce debt burden, and boost infrastructure development projects.

Latin Times

New Startup Accelerator Seeks to Boost Latino Entrepreneurs Through Mentorship, Networking

Latino Business Action Network and JPMorgan Chase announced the initiative, which will unfold at the Stanford Graduate School of Business

AAP

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

Reason

Minneapolis Is About To Kill Ride-Sharing

Chasing Seattle's shadow, Minneapolis' new ride-share wage law threatens to derail the gig economy.

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Spain's Inflation Reaches 3.3% Due To Electricity Price Surge

Learn about Spain's inflation surge driven by electricity prices and its impact on consumers and the economy. Government exploring measures to address risi...

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Exploring The Top 10 Global Political Powerhouses

Learn about the top 10 global players - United States, China, Russia, Germany, United Kingdom, France, Japan, India, Brazil, and Saudi Arabia.

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Consumer Sentiment Dips Slightly, Remains Near Recent High

Consumer sentiment about the U.S. economy remains positive despite minor fluctuations, influenced by factors like the upcoming election and rising gas prices.

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