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The Latest Breaking News from Economy

The Chicago school economist who warned years ago of America's ‘business dynamism’ fading still sees 'something broken in the background'

Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.

Fortune

Behind the ticking time bomb – should we fear China’s slide into deflation?

China was expected to roar back into life after Covid, but its weak rebound has shocked analysts

The Guardian - UK

Biden's reelection bid faces vulnerabilities in wake of special counsel appointment

Democrats were already concerned about President Joe Biden’s age, his leadership on the economy and his stalled agenda in Congress

The Independent UK

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Biden’s ‘ticking time bomb’ remark referred to China’s economy: White House

US President told political fundraiser that China was ‘in trouble’ due to internal economic and social tensions.

Al Jazeera

3 China Stocks Smart Money is Watching Closely

Despite a subdued and underwhelming outlook for the broader economy, fundamentally strong Chinese stocks Alibaba (BABA), Trip.com (TCOM), and Hello Group (MOMO) represent pockets of sustained growth that have courted the attention of smart money on Wall Street. Continue reading….

StockNews.com

A pharma company helping Elon Musk shed weight is now worth more than the entire economy of Denmark

The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.

Fortune

Argentines to vote in a primary election that's expected to set the stage for a rightward shift

Argentina’s national primary election Sunday won’t just help determine which candidates will be running in the country’s October presidential vote but could impact the economy even before then

The Independent UK

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Implementation of five guarantees has positive effect on State’s economy: CM

CM Siddaramaiah maintains guarantees positively impacting State economy, increasing GSDP. 35 crore women travelled free under Shakti bus scheme, increasing revenue. 3 guarantees implemented, 4th & 5th to come. BJP desperate, baseless allegations. Congress in power due to welfare & dev promises.

The Hindu

China’s recent economic woes suggest there is something seriously amiss

Underlying longer-term weaknesses in the economy are bound up with Beijing’s repressive political system

The Guardian - UK

Markets Today: Stocks Fall on a Hot U.S. July PPI

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.47%. Stock indexes this morning are moderately lower. Concerns that weakness in China’s economy will curb global growth prospects are weighing on stocks. Losses in stock...

Barchart

Wildfires are a severe blow to Maui's tourism-based economy, but other iconic destinations have come back from similar disasters

Major wildfires on the Hawaiian island of Maui have killed dozens of people and caused heavy damage, particularly in the historic town of Lahaina, as of Aug. 10, 2023. The state has asked all visitors to leave Maui and those planning to travel there to reschedule their trips – a…

The Conversation

OPINION - The Standard View: The UK economy is stuck in a low-growth trap

The UK economy is not in recession but it is stuck in a low-growth trap. GDP in the three months to June registered a 0.2 per cent jump, marking the fifth successive quarter in which the economy has kept its head above water since a 0.5 per cent advance in…

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

Rishi Sunak’s five pledges hanging in the balance after several setbacks

Shortly after moving into No 10, the Prime Minister invited the British public to judge him on five key promises.

The Independent UK

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Evening Standard

London business groups team up to deliver plan for ‘higher-paying jobs’

Unemployment in London has consistently been higher than the UK average, despite the capital being the main driver of the UK economy

The Independent UK

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

The British economy unexpectedly grew in the second quarter of the year largely as a result of a strong rebound in June when many businesses, particularly in the leisure sector benefited from the warm and settled weather

The Guardian - UK

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

Evening Standard

FTSE 100 Live: ‘Economy flickers to life’ but blue-chips lose 1%, Heathrow passenger numbers climb

The British economy finally saw some growth, albeit still slowly, in the second quarter, as GDP grew by 0.2%.

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news in one place.

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Evening Standard

UK shrugs off recession as economy grows by 0.2% in second quarter

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

The Independent UK

UK economy: Hot weather helps UK stave off recession as GDP grows unexpectedly

Hot weather helped Britain to shrug off recession, ONS chief says

The Independent UK

Stock market today: Asian stocks decline after US inflation edges higher

Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy

The Guardian - UK

UK economy avoids stagnation with 0.2% growth between April and June – as it happened

The UK economy beats forecast with growth by 0.2% between April and June, including surprisingly fast 0.5% growth in June alone

WEKU

Here's where inflation stands today — and why it's raising hope about the economy

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

Kiplinger

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say.

The Hindu

CM unveils logo for Tamil Nadu Global Investors’ Meet 2024

CM Stalin unveils GIM 2024 logo, stresses need to attract investments & showcase State's achievements. 241 proposals worth ₹2.97L cr, 4.15L jobs created since DMK came to power. GIM to help TN achieve $1T economy by 2030, industry captains urged to be brand ambassadors.

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