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The Latest Breaking News from Economy

How finance can be part of the solution to the world’s biodiversity crisis

More than half of the world’s total GDP is at least moderately dependent on nature. Yet arguably, there is no economy (or life) without nature. A quarter of animal and planet species are now threatened, and 14 out of 18 key ecosystem services – including fertile soils to grow food,…

The Conversation

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election

The Independent UK

Four Fed Policymakers Back Further Rate Cuts But Differ In Pacing

Four Fed policymakers support rate cuts but differ on the pace that it would be implemented.

International Business Times

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Rail, water, energy: the big projects likely to be in Rachel Reeves’ budget

Chancellor expected to promote range of infrastructure plans to boost economy, including reviving parts of HS2

The Guardian - UK

Obama ridicules Trump’s boasts on economy as Walz dismisses Republican nominee’s McDonald’s ‘stunt’ – as it happened

Democratic VP nominee joined by Barack Obama at Wisconsin campaign event

The Guardian - US

Tories warn of ‘existential crisis’ as Employment Bill to cost firms billions

Shadow business secretary Kevin Hollinrake called for small businesses to be spared from some of the changes in the Employment Rights Bill.

Evening Standard

Recent hurricanes are obscuring the U.S. economy’s underlying trend

Goldman Sachs said property damage from hurricanes Helene and Milton could cost a combined $90 billion.

Fortune

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Venezuela arrests a former oil czar and accuses him of working with the US to undermine the industry

Venezuela’s top prosecutor has announced the arrest of a former oil minister and accused him of working with the U.S. government to undermine the industry that drives the country’s economy

The Independent UK

Mark Cuban, Kamala Harris, and Taxing Unrealized Gains

Some warn that taxing unrealized gains could devastate the economy, but are those fears realistic?

Kiplinger

U.S. national debt is its Achilles’ heel, but China sees it as an opportunity

China is gradually establishing itself as a major player in what has recently been called the Global South, previously known as the Non-Aligned Movement. Over the last few decades, China has become the world’s biggest creditor of developing countries. That has prompted many to fear that it will subjugate partners…

The Conversation

Immigration Impact On Nevada's Economy And Workforce

Explore the complex immigration landscape in Nevada, from the Baker Ranch's reliance on guest workers to the broader implications for the state's economy a...

Top News

Asian Markets Mixed As Traders Digest China Rate Cut

Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing up for the latest company earnings season.

Latin Times

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International Business Times

Registered Voters Split Between Trump And Harris On Handling Economic Issues

Registered voters are divided on who between Trump and Harris could handle the economy better.

Latin Times

By 2052, Immigrant Workers Will Be the Only Source of Labor Force Growth in the U.S. Economy, Study Shows

The study by the National Foundation For American Policy cites factors such as retiring U.S. born Baby Boomers leaving the workforce and stagnating birth rates

The Conversation

Australia’s fertility rate has reached a record low. What might that mean for the economy?

Australia’s fertility rate has fallen to a new record low of 1.5 babies per woman. That’s well below the “replacement rate” of 2.1 needed to sustain a country’s population.

The Independent UK

Israel's war against militants is expensive. Paying the bill could force tough choices

On top of the grievous toll in human life and misery, Israel’s war against the Hamas and Hezbollah militant groups has been expensive

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International Business Times

Asian Markets Fluctuate As Traders Digest China Rate Cut

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.

International Business Times

China's Central Bank Cuts Two Key Rates To Boost Economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

Latin Times

Trump Pins 2024 Election Hopes on Immigration, Downplays Economy as Key Issue

Trump insists immigration is the defining issue of 2024, claiming it surpasses the economy despite advisers urging a different focus.

Fortune

Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’

“As the Russian economy tanks, immiseration and social discontent grow, and money dries up, Putin will run out of resources to fuel his war machine.”

The Independent UK

Iraq's Kurdish region goes to the polls with a flagging economy and political infighting top of mind

Residents of Iraq’s semi-autonomous northern Kurdish region are going to the polls in long-awaited parliamentary elections under the shadow of ongoing rivalries, economic instability, and unresolved disputes with Baghdad

The Guardian - US

Biden’s economic legacy could decide the presidential race in Scranton

The politically split Pennsylvania town shows why the race is so close – and it’s unclear whether the president’s legacy will be enough to carry Harris over the line

Latin Times

Americans' Economic Outlook Worsens Ahead of 2024 Election

Partisan divide deepens as economic hardship grows, with inflation and job concerns shaping voters' views ahead of the 2024 election

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