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The Latest Breaking News from Economy

Difficult 'state of industry' sees another restaurant announce closure

The economy has claimed yet another Canberra culinary scalp.

The Canberra Times

China Poised To Approve More Help For Ailing Economy

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump.

International Business Times

US election briefing: Democrats pick through defeat with blame falling on Biden and economy

Kamala Harris did not escape blame for the decisive loss to Donald Trump, but a failure to distance herself from Joe Biden was held up as a cause by some

The Guardian - AU

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Stock market today: Asian shares gain after US Fed cuts interest rates

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

The Independent UK

Facing Trump's Return, EU Confronts Economic Challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

International Business Times

Facing Trump's return, EU confronts economic challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

Radio France Internationale

Australian bourse gets a boost after offshore rate cuts

The Australian bourse has risen after two central banks cut interest rates and investors expressed hope China will announce measures to boost its economy.

AAP

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China to unveil much-anticipated economic stimulus package

China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its legislature on Friday

The Independent UK

Jerome Powell Insists Trump Victory Won't Impact Fed's Decision-making

According to Jerome Powell, chair of the Federal Reserve, Donald Trump's election victory will not effect monetary policy actions.

International Business Times

I reported from across Pennsylvania through the election. The key to Trump’s victory was staring us right in the face

ANALYSIS: Harris’s loss was the culmination of the Democratic Party’s years-long drift away from working-class voters in Pennsylvania, writes Richard Hall

The Independent UK

Fed Cuts Rates Again: What the Experts Are Saying

The central bank continued to ease, but a new administration in Washington clouds the outlook for future policy moves.

Kiplinger

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week

The Independent UK

Federal Reserve Considers Impact Of Trump's Policies On Economy

Federal Reserve officials maintain neutrality on political events' economic impact but consider policies' influence.

Top News

Federal Reserve Concerned About Potential Impact Of Trump's Policies

Federal Reserve monitoring impact of Trump's policies on economy's soft landing and inflation control.

Evening Standard

Bank says ‘gradual approach’ to interest rate cuts needed after Budget

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

Evening Standard

Why have interest rates been cut, and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard

Scholz plans to lead with a minority government after coalition collapse

Unexpected crisis throws Europe’s largest economy into political disarray

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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

International Business Times

German Big Business Calls For Early Vote, Economic Vision

German big business groups demanded almost in unison Thursday that embattled Chancellor Olaf Scholz call elections soon to restore political stability in Europe's stuttering top economy.

The Independent UK

Trump win will not trigger exodus of US companies from Ireland, says Harris

The Taoiseach acknowledged the risk of a transatlantic trade shock had increased.

The Independent UK

Czech central bank cuts key interest rate to 4% as inflation stays low

The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recovery

The Guardian - UK

Why has Germany’s government collapsed and what happens next?

Olaf Scholz’s sacking of his finance minister has plunged Europe’s largest economy into considerable uncertainty

The Guardian - US

The US election, while shocking, was not a repudiation of democracy

Americans believe firmly in democracy, and Trump winning is not an endorsement of authoritarianism

The Guardian - US

Nevada on verge of voting Republican for first time in two decades

In state with one of the largest proportions of working-class voters, populist line may overcome past political allegiance

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