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The Latest Breaking News from Economy

Agreements to start industrial units worth ₹540.96 crore signed with 117 entrepreneurs in Cuddalore

MoUs worth ₹540.96 crore signed in Cuddalore district to start industrial units, creating 3,518 jobs. Ministers M.R.K. Panneerselvam and C.V. Ganesan present. Aim to reach ₹546 crore investment before Global Investors' Meet 2024. Single-window system activated to deal with industrial houses. Tamil Nadu govt. giving special attention to MSME sector…

The Hindu

Big Tech Stocks Led Wall Street Gains In 2023 — What Is Next?

In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.

International Business Times

These Are the States With Highest Economic Benefit from Clearing Green Card Backlogs

Reducing green card barriers would add $3.9 trillion dollars to the U.S. economy, according to projections from the BPC

Latin Times

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Rishi Sunak cheers benefits of immigration to the economy at Global Investment Summit

Rishi Sunak highlighted the benefits of immigration to the UK's economy in his speech at the Government's Global Investment Summit.

Evening Standard

Does the way we talk about the climate crisis numb people with fear, rather than energising them?

A Cop28 speaker says phrases such as ‘green economy’ turn voters off – and Labour has already reframed its language, says energy and environment analyst Roger Harrabin

The Guardian - UK

I'm A Celebrity: Fred Sirieix tells Nigel Farage that he destroyed the economy with Brexit

After the heated exchange, Farage said it is ‘fine’ Sirieix loves the European Union

Evening Standard

Let boardrooms look beyond shareholder returns to drive productivity, report urges

Adapting business laws to include benefits other than profit in decision-making could add £149bn to UK economy, says Demos thinktank

The Guardian - UK

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Christopher Luxon sworn in as New Zealand prime minister, says priority is to improve economy

Christopher Luxon has been sworn in as New Zealand’s prime minister and says his priority is to improve the economy

The Independent UK

UK economy is addicted to immigration but there is long-term treatment

Immigration fuels growth and much-needed workers but there are ways to wean UK plc off its dependency

The Guardian - UK

Congress to reach out to over eight million professionals in the gig economy

Congress plans to reach out to 8M gig workers ahead of 2024 LS polls. Praveen Chakravarty, new AIPC chief, wants to expand definition of professionals to include gig economy. Aim to provide platform to raise issues, negotiate between capital & labour, and create digital volunteers.

The Hindu

After years of Tory failure, getting Britain growing again will be Labour’s greatest test

A Starmer government will inherit a nation with miserable productivity, emasculated public services, big debts, high tax levels and acute inequalities

The Guardian - UK

How To Use Sector Rotation In Investing

Anticipating turns in the economy through sector rotation can pay off for nimble investors.

Kiplinger

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The Guardian - UK

Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would help

The energy used by cars and their CO2 emissions could have dropped by over 30% in the past decade if not for the world’s growing taste for SUVs, a new report from the Global Fuel Economy Initiative suggests

The Independent UK

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Chicago Sun-Times

Chicago Fed prez Austan Goolsbee sees ‘golden path’ toward lower inflation without recession

The head of the Federal Reserve Bank of Chicago, says the economy appears headed to a “soft landing” in which inflation returns to the Fed’s 2% target without an economic crash.

The National (Scotland)

Protesters disrupt conference in Glasgow as arms manufacturer joins panel

Protesters disrupted an economy conference in Glasgow over the war in Gaza.

The Conversation

It's not a cost of living crisis – it's a poverty pandemic

There is a poverty crisis in the UK. But when outlining his 110 growth measures aimed at getting “the British economy working” during his autumn statement, the chancellor’s measures to tackle the cost of living crisis were limited to economic support payments focused on short-term wins.

The Independent UK

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany’s economy shrank in recent months, and business confidence is still in the dumps

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news in one place.

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Fortune

Wealthy six-figure earners who kept the economy chugging along are starting to pinch pennies, signaling the post-COVID spending boom may be over

"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.

The Hindu

Why increasing AC coaches and reducing Sleeper and Second Class is a problem for commuters | Data

Indian Railways has replaced Sleeper/2nd Class coaches w/ AC 3-tier Economy Class coaches, resulting in fewer passengers able to reserve tickets in Sleeper/2nd Class. This has led to higher costs for AC coaches & incidents of general ticket holders invading reserved compartments. Comparing 2019-20 & 2009-10, AC seats share rose…

International Business Times

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

Al Jazeera

Indonesia’s presidential hopefuls lay out plans to revive $1.2tn economy

GDP growth slowed to 4.94 percent in the third quarter, compared with 5.72 percent during the same period in 2022.

International Business Times UK

Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

The Hindu

A $5 trillion economy, but for whom?

While India is set to become the third largest economy in the world in 2028, 80 crore Indians will still be receiving free foodgrains to stave off hunger

StockNews.com

The Top 3 China Stocks Securing Investor Portfolios

Despite various challenges, the Chinese economy has consistently exhibited remarkable and steadfast resilience, maintaining robust growth. Therefore, three Chinese stocks, Vipshop Holdings (VIPS), Sunlands Technology (STG), and X Financial (XYF), could be ideal buys. Read more….

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