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The Latest Breaking News from Economy

Party paupers: Nigeria’s financial crisis puts the brakes on ‘Detty December’ celebrations

Lagos loves to wine, dine and dance in the month leading up to Christmas, but soaring prices and rampant inflation mean would-be revellers are staying home

The Guardian - UK

What To Know About Milei's Bid To Liberalize Argentina's Economy

Argentina's libertarian President Javier Milei this week unleashed a mega-decree to change or scrap 366 economic rules in a country accustomed to heavy government intervention in the market.

International Business Times

East or west? Newcastle starts debate over special entertainment precinct

The zone will have relaxed noise controls to support live music.

Newcastle Herald

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Canadians are losing faith in the economy — and it's affecting their perception of inequality

Nearly half of Canadian workers feel as though the economic conditions in Canada are “poor,” according to our survey of 2,500 Canadian workers in September of 2023. And another 38 per cent said they believed economic conditions are “only fair.”

The Conversation

2023, the year of layoffs

Despite widespread layoffs few CEOs took meaningful pay cuts and could actually get raises in the year ahead.

Al Jazeera

‘Eat out to help out’ was bad for our health

Letters: We know pandemics are bad for the economy, but Rishi Sunak’s plan to boost spending ignored medical advice, says Michael Clerx. Also letters from Angelique Fairbrass and Bridget MacDonald

The Guardian - UK

Jos Buttler calls on England to work on death bowling in white-ball cricket

Only Adil Rashid and Reece Topley among the touring bowlers kept their economy rate below nine an over.

The Independent UK

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Older boomers won the pandemic after becoming a whopping $14 trillion richer, Fed data reveals—and Gen X is losing the race

The famously economically beleaguered millennial generation ran really hard just to stay in place, according to Fed data.

Fortune

Home Sales Plummet to Record Low, Economy Feels the Sting

US new home sales hit a snag in November, dropping to a one-year low. The housing market navigates a challenging landscape amidst the pandemic.

Top News

Economic Confidence Soaring as Inflation Worries Cool: Report Reveals

Discover the uplifting news about the economy and consumer sentiment in this creative and informative article. Find out why worries about inflation are fad...

Top News

Architect of SNP Growth Commission speaks out against tax rises

THE architect of the SNP’s economic plans for independence has hit out at the party’s plans to raise income tax on high earners.

The National (Scotland)

French resistance blocks EU deal to protect gig economy workers

EU nations led by France have rejected a reform that proponents say would improve conditions for so-called "app workers" in the gig economy, a labour market that relies heavily on temporary staff.

Radio France Internationale

Skyward Surge: US Durable Goods Orders Take Flight in November

Takeoff! US durable goods orders soar in November fueled by aircraft demand, propelling the economy to new heights. Buckle up for economic growth!

Top News

Fed's Early Pivot Supported as Nov PCE Inflation Remains Tame

Get ready for a wild ride! The US economy takes a surprising turn as tamed November PCE inflation gives the Fed the green light for an early pivot. Hold on...

Top News

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Fortune

Free-flowing alcohol and a fully flat bed: The secret to a free first-class seat upgrade

Flying in first class will help you to enjoy your trip without being squished like a sardine. Here's how you can score a first-class seat without paying more.

Reason

This Christmas, Americans Can Afford More Toys Than Ever

The rising prices throughout much of the economy make it a little easier to appreciate the things that seem to be inflation-proof, like video games.

Top News

Voters Pessimistic About Economy; Tips to Improve Personal Finances

Discover why voters are feeling pessimistic about the economy, but don't let that bring you down! Check out these tips to improve your personal finances in...

The Guardian - UK

Downbeat UK growth data adds to picture of an economy going nowhere

Whether or not a recession materialises, the GDP figures are bad news for government

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The Independent UK

Recession warning puts another Sunak pledge at risk

The Prime Minister looks in danger of only meeting one of his five pledges for 2023.

International Business Times

UK Economy Shrinks Before Election Year

Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year.

Top News

Tesla Expands Energy Storage Production in China

Tesla's expansion into China continues with plans to produce energy-storage batteries, offering a bright spot for the Chinese economy amidst foreign invest...

Top News

Spanish Economy Shows Resilience, Q3 GDP Sees 0.3% Growth

Spain's economy shows a glimmer of hope as Q3 GDP grows by 0.3% from the previous quarter, hinting at a potential turnaround in the nation's fiscal fortune...

The National (Scotland)

UK economy at risk of recession after worse than expected third quarter decline

THE UK is at risk of falling into a recession after revised official figures show the economy declined between July and September.

The Independent UK

Blow for Rishi Sunak as revised GDP figures show economy in reverse

PM promised growth as one of five key pledges – but the ONS figures reveal it is going in reverse

Creative Bloq

We'll all be buying secondhand tech in 2024, latest MPB report predicts

We talk with Matt Barker, founder and CEO of MPB, to discuss selling creative kit and how the recommerce market is soaring.

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