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The Latest Breaking News from Economy

How the UK’s new government is promising to kickstart the economy – and what it still doesn’t have an answer for

The new Labour government has fully laid out its plans for the UK in its first king’s speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving living standards for working people. And yet there were…

The Conversation

China's Leaders Vow To Fight 'Risks' Plaguing Economy

China's leadership vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.

International Business Times

Ivory Coast Tilts Economy From Farming To Natural Resources

The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country's economy in a new direction as it explores its underground potential.

International Business Times

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Fact-checking Day 3 of the Republican National Convention - Roll Call

Speakers at the Republican convention Wednesday made false or misleading statements about the economy, immigration and foreign policy.

Roll Call

Beyond the bio: The evolution of link in bio and its role in shaping the creator economy

Link in bio is no longer a simple list of links. We explore how this simple tool is having a growing impact in the digital space.

TechRadar

China Communist Party policy meeting expected to endorse leader Xi's high-tech vision for economy

China's ruling Communist Party will wrap up a top-level meeting on Thursday that is expected to endorse policies aimed at building the country's technological power and fortifying its national security

The Independent UK

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Asian shares are mostly lower, with Tokyo's benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China

The Independent UK

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Australia’s unemployment rate inches higher to 4.1% in June making a rate cut less likely

Jobless figure up from 4% in May, despite 50,100 new roles being created across the economy, raising prospect of higher RBA interest rates

The Guardian - AU

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

The “tuna bond” scandal that shook Mozambique’s economy is washing into a U.S. court

The Independent UK

The markets hate political violence, but a top historian says presidential assassinations are ‘endemic’ to American culture

If the attempted Trump assassination spells the beginning of a long period of political violence markets could become unstable.

Fortune

3 Consumer Discretionary Stocks for a Rebounding Economy

The consumer discretionary industry is well-positioned for significant growth due to the global economic rebound. Given this backdrop, it could be wise to buy top consumer discretionary stocks: Home Depot (HD), Sony Group (SONY), and NVR, Inc. (NVR). Read more.

StockNews.com

Mixed jobs data highlights rate balancing act for RBA

Demand for labour is still strong enough to soak up extra workers as the population grows, according to fresh Australian Bureau of Statistics jobs data.

AAP

Keir Starmer appoints two influential leftwing critics as government advisers

Both had warned against ditching £28bn green spending pledge and urged scrapping of two-child benefit cap

The Guardian - UK

South Africa has a joblessness crisis: fixing it will take fresh thinking to find a game-changer

Everyone agrees that solving the unemployment problem in South Africa is the number one priority for economic policy for the new government, as it has been for all governments since 1994. What is less clear, and highly contested, is what should be done to solve this problem.

The Conversation

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The Guardian - UK

The king’s speech sounded a bit like Labour governments of old. But only a bit

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

The Guardian - AU

Australian workers’ living standards have been destroyed – and there is little good news ahead

While interest rates may have peaked, the labour market is fragile and the economy is set to slow even further

The Conversation

How Trump’s appeal to nostalgia deliberately evokes America’s more-racist, more-sexist past

There’s a reason Donald Trump’s 2024 presidential campaign is working hard to evoke nostalgia: People who are nostalgic – meaning, people who long for America’s “good old days” – were more likely to vote for Republican candidates in the 2022 midterm elections, according to research I conducted along with collaborators…

France 24

Charles III unveils new Labour govt plan to turbocharge economy in King’s Speech

Britain's King Charles outlined Prime Minister Keir Starmer's plans for the coming year onWednesday, promising a government of service focused on growing the economy and tackling issues from an acute housing shortage to a cost of living crisis. Starmer's Labour party won an overwhelming victory in the July 4 general…

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The Independent UK

China's Communist Party charts technology- and security-focused development for reviving the economy

In a year of major elections setting the course of many countries for years to come, China’s ruling Communist Party is holding top-level meetings in Beijing to draft policies for reviving its slowing economy

Newslaundry

Budget 2024: Why cash to people and not corporates will boost consumption

Indian capitalism started in the textile mills of Mumbai – which were built in areas such as Byculla, Worli, Prabhadevi, Lower Parel, Parel, and Dadar – all located in what is now known as central Mumbai.

The Independent UK

UK's new Labour government sets out plans to 'take the brakes off' the economy in King's Speech

Britain’s new Labour Party government campaigned on a promise to bring bold change at modest cost

The National (Scotland)

Scottish economy forecast to grow at faster rate, report says

THE Scottish economy is predicted to grow at a faster rate in 2024 than the previous year but the outlook remains subdued, a report has forecast…

The Guardian - UK

Mandatory housing targets at core of economy-focused king’s speech

Planning reforms and transport policies included in package of more than 35 bills as Labour prioritises growth

AAP

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

Al Jazeera

The Trump economy: Slower growth, higher prices and a bigger national debt

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say.

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