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The Latest Breaking News from Economy

Trade unions and the new economy: 3 African case studies show how workers are recasting their power in the digital age

From US car factories to public sector workers in Nigeria and South Africa, strikes by trade unions continue unabated among the established sectors of the working class. In Detroit in the US, workers are resisting contract employment. In Nigeria they are angry over the rising cost of living and in…

The Conversation

We really could still rejoin the EU. But Tory Britain isn’t up to it

The Conservatives could be out of office for two terms. Labour has the chance to govern with seriousness and restore trust

The Guardian - UK

Janet Yellen says a government shutdown would add to risks of a recession

Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. "It's really reckless and will impose immediate harm," Yellen told NPR.

WEKU

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An official who spent 4 decades at the Fed says $2 trillion in annual reparations is the least we can do to fix systemic racism: ‘I just don’t want to wait for another generation’

“All of us who have money and power now, we don’t bear any responsibility, we just kind of … hope somebody else will take care of it," says Jeff Fuhrer.

Fortune

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we're all seeing and watching—fearfully’

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

Fortune

China's factory activity expands for first time in six months, in latest sign economy is recovering

An official Chinese survey says the country's factory activity has recorded its first expansion in six months, providing another sign that the world’s second-largest economy is gradually improving following its post-pandemic malaise

The Independent UK

Doubling rail track in 46-km Thuravur-Ambalappuzha corridor gets an extra push

Railway to double 46-km Thuravur-Ambalapuzha corridor. Railway Board to approve project in Oct, estimate in Dec. Doubling of track to reduce travel time, benefit Kerala's economy. Land acquisition to be completed by 2024, doubling by 2026.

The Hindu

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With a US government shutdown imminent, what happens to the economy?

About quarter of the US GDP is government expenditure. A drop in that spending will have knock-on effect on the economy.

Al Jazeera

Government shutdown would have ‘serious consequences for our economy’ by halting $163 billion in federal contracts to small businesses

A government shutdown on Saturday would close the Small Business Administration, leaving small businesses that depend on it in limbo.

Fortune

Parents are about to go over a $24 billion childcare cliff. Look out below

Over 3 million children are about to lose their government-funded care, and that’s about to punch a $9 billion hole in the economy. What's a mom to do?

Fortune

Botswana became world’s fastest growing economy after independence from Britain

BOTSWANA gained independence from Britain on September 30 1966 – 57 years ago. And they haven’t stopped since.

The National (Scotland)

Stock Market vs. Bond Rate Relationship Revealed

The stock market is affected by many things like the Fed and the economy. However, there is not enough talk about how the movement of bond rates makes stocks more or less attractive. Like how the S&P 500 (SPY) is having a terrible September as bond rates explode higher. Learn…

StockNews.com

BlackRock's Larry Fink has called on leaders to inject more 'hope' into the economy to prevent a self-fulfilling recession

BlackRock's CEO and chairman, Larry Fink, believes a lack of hope could cause a recession.

Fortune

This Dow Stock is Still a Great Buy Near 52-Week Highs

Walmart stock has continued to thrive amid questionable economic conditions. Expect more of the same.

Barchart

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Barchart

The Yield Curve is Inverted, When Does the Recession Begin?

Recessions can be challenging to predict, and experts use economic data and trends to make informed judgments about when a recession has begun or is likely to occur. But why predict when a consistent pattern ultimately illustrates when a recession starts?

The Independent UK

Economic boost for Sunak - but fresh tax cuts calls erupt

Economy grew much more than expected at the start of the year

Evening Standard

FTSE 100 Live: ‘Hope that recession can still be avoided’ as GDP revised, blue-chip index closes flat

The latest snapshot of the UK economy offered some reassurance today in a session when London-listed shares traded higher.

The Guardian - UK

UK economy makes stronger recovery from pandemic than first thought

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

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The Independent UK

Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom

Inflation is down in Europe

The Guardian - UK

UK Treasury minister defends tax plans in face of biggest rise on record

Andrew Griffith says government will stick to spending proposals despite growing pressure to cut taxes

Evening Standard

Minister raises hopes of pre-election tax cuts next year

But Andrew Griffith stresses that the focus ‘right now’ must be on cutting inflation

The Guardian - UK

UK mortgage approvals hit six-month low; pandemic recovery faster than expected – as it happened

Updated GDP figures show UK recovering faster from pandemic than Germany or France, but mortgage approvals have fallen

Evening Standard

UK economy larger than thought, updated 2023 GDP figures confirm, with Q1 revised upwards

The ONS had already revised the UK’s GDP for 2021 dramatically upwards, so an unchanged growth rate means a larger economy than first thought

Evening Standard

Rishi Sunak set to preside over biggest tax-raising parliament on record, say experts

By the time of the next general election, taxes will likely have risen to around 37% of national income, according to analysis by the IFS

The Independent UK

Millions take to China's railways, roads, air in 1st big autumn holiday since end of zero-COVID

Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday

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