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The Latest Breaking News from Economy

Treasurer admits 'difficult' budget ahead for Qld

The Queensland government will maintain its commitment to cost-of-living relief for households despite the treasurer warning of a difficult budget ahead.

AAP

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

Global Economy Expected To Experience Soft Landing In 2024

IMF forecasts 'soft landing' for global economy with modest growth and controlled inflation. Challenges like inflation and geopolitical tensions persist.

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Economy and Society April 16, 2024: ESG approaches diverge in U.S. and Europe

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

In the fray: On the CSDS-Lokniti pre-poll survey 2024 findings

The Hindu

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

AAP

Albanese’s promised clean economy act has been a long time coming but it’s the right place to start

The challenge for a resource-rich, medium-sized economy such as Australia is to identify the right green industries to focus on, while minimising the risks to taxpayers

The Guardian - AU

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IMF Ups Global Growth Forecast But Signals Medium-term Pessimism

The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday.

International Business Times

Mideast-related Oil Price Spike Threatens 'Relatively Good' Economic Outlook: IMF Chief Economist

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…

International Business Times

Taylor Swift And Travis Kelce's Economic Impact On Business

Taylor Swift and Travis Kelce's relationship boosts their ventures and industries they're involved in, impacting the economy significantly.

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US Single-Family Housing Starts Drop Sharply In March

The decline in single-family housing starts in the US raises concerns for the economy and construction industry, impacting various sectors.

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Canada's Inflation Rate Reaches 2.9%, Cooling Trend Persists

Canada's inflation rate rises to 2.9% due to higher prices, but underlying trends suggest a cooling effect on the economy.

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US Economy Boosted By Strong Retail Performance

US retail sales data shows strong performance, boosting consumer spending and the dollar value, signaling a robust economic recovery.

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Fed's Powell To Adjust Policy Based On Strong Data

Federal Reserve Chairman Powell and Treasury Secretary Jefferson to discuss 'restrictive' monetary policy in response to strong economic data, focusing on ...

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Fortune

Dow CEO: My company is a major plastic producer. We must end plastic pollution

This month, an intergovernmental meeting convenes in Ottawa in hopes of advancing a legally binding global agreement to end plastic pollution.

France 24

Chinese growth beats expectations in first quarter amid German chancellor's visit

China's National Bureau of Statistics said on Monday that the country's economy grew to the tune of 5.3 percent in the first three months of the year, ahead of economists' expectations. Manufacturing and infrastructure are fuelling that growth, while housing and domestic consumption are still a source of concern. Meanwhile,…

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Pakistan Aims For Swift Approval Of New IMF Loan

Pakistan's Finance Minister is optimistic about securing an IMF loan to address economic challenges and stabilize the country's economy.

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Japan Finance Minister Monitoring Yen Exchange Rate

Japan's finance minister closely monitors FX market and yen's impact on economy for stability.

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Fed Chair Daly Urges Caution In Rate Cuts Decision

The President of the Federal Reserve Bank of San Francisco, Mary C. Daly, has stated that the Federal Reserve should not rush to cut interest rates unless it is deemed necessary. Daly's comments come amidst growing speculation about the possibility of the Fed implementing rate cuts to stimulate the economy.

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China's Yuan-Dollar Cycle: Vicious Hoarding And Weakening Trend

China's economic landscape has been marked by a cycle of dollar hoarding and a weakening yuan, creating a vicious cycle that has significant implications for the global economy.

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China's Q1 Property Investment Decline Worsens

China's property investment decline in Q1 raises concerns about economic stability and broader implications for the economy.

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UK Wage Growth Slows, Bank Of England Considers Rate Cuts

Recent data shows UK wage growth slowing as Bank of England considers interest rate cuts, raising concerns about the economy.

The Guardian - UK

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

International Business Times

Chinese Economy Beats Growth Expectations In First Quarter

Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.

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China's Economy Beats Expectations With 5.3% Growth In Q1

China's economy exceeded expectations in Q1 2024 with 5.3% growth driven by manufacturing and household spending. Challenges and policy responses are shapi...

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