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The Latest Breaking News from Economy

New Blow For UK's Starmer As Growth Data Disappoints

Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, dealing another early blow to new Prime Minister Keir Starmer and his Labour government.

International Business Times

How secondhand clothes took Zimbabwe by storm – and hammered retail

The country’s clothes manufacturers are taking a beating from imported ‘preloved’ clothes and a struggling economy.

Al Jazeera

Japan's stocks slump after prime minister election; Shanghai benchmark soars more than 5%

Asian markets have had a wild start to the week, with Tokyo's Nikkei 225 index tumbling nearly 5% while Chinese markets soared on news of fresh stimulus for the faltering economy

The Independent UK

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China factory surveys show economy weakening, as Beijing steps up support

Surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus

The Independent UK

China Megacities Ease Homebuying Rules To Boost Property Market

Three Chinese megacities on Monday eased restrictions on buying homes and Beijing's central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump.

International Business Times

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

The Guardian - UK

Australian optimism tempered over Chinese stimulus

Australia has welcomed a major Chinese stimulus as its stalling economy has flow-on effects but the treasurer has warned about being overly optimistic.

AAP

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US Eastern, Gulf Coast Ports Prepare For Shutdown Ahead Of Dockworkers' Strike

The Tuesday strike by the International Longshoremen's Association could cost the American economy as much as $7.5 billion a week.

International Business Times

Powell, PMI's and Other Key Things to Watch this Week

Powell is speaking Monday at 1 pm Eastern at a conference in Nashville and PMI's are due out on Tuesday and Thursday.

Barchart

What are the four candidates’ pitches to become next Tory leader?

How Jenrick, Badenoch, Cleverly and Tugendhat stand on immigration, the economy and foreign policy

The Guardian - UK

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

AAP

‘Running away from good news’: why is Harris distancing herself from Biden’s record?

Under Biden, immigration has stabilised, inflation has been tamed and crime is down, but his VP is forging ‘a new way’

The Guardian - US

Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal

There is a ticking time bomb at the heart of the North American economy. And this is the year that it begins to detonate.

The Conversation

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

AAP

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The Guardian - AU

Burning rubbish to create energy could end landfills. But some worry where Australia’s new path is leading

Some conservationists believe ‘incineration industry’ is trying to gain a foothold in Australia and say the trend will end up damaging the environment

Latin Times

How Trump's Mass Deportation Plans Could Have Devastating Effects on the Economy

Trump continues to pledge to carry out the "largest deportation operation" in American history. But doing so could have negative ripple effects on the economy.

The Independent UK

The sole candidate for Macao's leader pledges to diversify the casino city's economy

The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing

International Business Times

Global Stocks Rise On Rate Hopes, Beijing Stimulus

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

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International Business Times

Inflation Continues To Cool, Paving Way For More Interest Rate Cuts

The Federal Reserve's preferred inflation measure rose just 0.1% in August, according to Commerce Department data

Top News

Trump's Tariff Policy: Impact And Controversy

Explore the impact of tariffs on the American economy, from proposed benefits to potential negative consequences. Learn about the skepticism from economist...

The Guardian - UK

US inflation gauge falls more than expected; China stocks post best week since 2008 – as it happened

Federal Reserve’s preferred measure, PCE inflation, falls to 2.2%, easing way for further rate cuts

The Independent UK

Asian markets follow Wall Street higher on upbeat news from China, US

Stocks in Asia are mostly higher, boosted by moves by China to rev up its economy

The Independent UK

Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

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