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The Latest Breaking News from Economy

China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

The Guardian - AU

China's economy grew 6.3% in the second quarter, lower than expected as momentum slows

China’s economy grew 6.3% in the second quarter after near-stagnant growth a year earlier

The Independent UK

Air India finishes repairs on 40% of seats as part of $400 million refit

Air India revamps 40% seats, adds Wi-Fi, Premium Economy cabin; Tata Technologies helps with 3-D printing of spares. Despite efforts, passengers still complain of broken furniture.

The Hindu

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Kemi Badenoch signs treaty for UK to join Indo-Pacific trade bloc

Critics note government estimates that suggest membership of CPTPP will add just £1.8bn a year to UK economy after 10 years

The Guardian - UK

Economic ‘Bazball’ will have replaced UK’s safety-first approach to inflation and growth by 2025

Rishi Sunak used just-go-for-it route in Covid crisis but Treasury and Bank of England now play with straightest of bats

The Guardian - UK

‘Borderline racist’: critics slam Rishi Sunak’s plan to fund pay rise with higher migrant fees

Charities, unions and politicians say ‘divisive’ policy will damage UK economy by squeezing workers from overseas

The Guardian - UK

The Scottish Government says we’re moving to a wellbeing economy – but when?

EARLIER this week more than 200 charities, unions, academics and campaigners signed an open letter calling on Humza Yousaf to follow through with…

The National (Scotland)

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Ensure fair wealth distribution

Up until the pandemic, the economy was a reliable workhorse that delivered growth.

Bangkok Post

Bidenomics: changing the way America does business

“President Biden might not seem like a revolutionary,” said E.J. Dionne Jr in The Washington Post, but he’s presiding over “a fundamental change” in America’s approach to economics.

The Week

Bargain-hunting Uruguayans are flocking to Argentina as its peso slides. Back home, shops struggle

With its economy faltering, Argentina’s peso has plunged against the U.S. dollar and its annual inflation is nearly 116%, one of the highest rates in the world

The Independent UK

Neil Gray: Wellbeing economy makes 'sound business sense'

NEIL Gray has said a implementing a wellbeing economy makes “sound business sense” after hundreds of charities and organisations called for…

The National (Scotland)

YUCK: An Influencer Shared Her Icky Experience Sitting In Plane Seats That FACED EACH OTHER

An influencer from the USA has made public a horrific injustice in the field of air travel — economy seats that literally face each other.

Pedestrian.tv

India's moon mission: A great leap for domestic business?

India on Friday sent its Chandrayaan-3 spacecraft on a mission to land on the moon, hoping to join the three other countries that have managed the feat. Comparatively, though, India's quest has a considerably lower budget, with a price tag of $74.6 million. The launch comes at a time of…

France 24

Three Market Discussions to Have Over the Weekend

There was a lot going on in markets this week with the three keys, in my opinion, being US stock index rallies, the "bizarre" cattle markets, and US soybeans export expectations.

Barchart

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Fortune

Jeremy Siegel says we are in a 'Goldilocks economy' and the Fed doesn't need to raise interest rates anymore

“It’s a Goldilocks economy—strong economic growth and falling inflation,” the veteran market watcher told CNBC Friday.

Fortune

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

The Hindu

‘Japan collaboration may help Karnataka realise its $1 trillion economy dream by 2032’

Japan-Karnataka trade collaborations increasing: 228 Japanese firms have established 537 offices in Karnataka. Trade collaborations could enhance Karnataka's vision of a one trillion-dollar economy. Japan-India business cooperation to bring synergy to both economies. Potential for collaboration in chemical, defence and aero industries. BCIC has set up office in Japan to…

The Guardian - UK

EU to give Tunisia €1bn to fight trafficking and prop up ailing economy

Von der Leyen to return with Italian and Dutch PMs despite warnings over ‘breakdown’ of democracy under Saied

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news in one place.

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The Hindu

Mysuru earns recognition for plastic waste recycling

Mysuru's MCC earns EPR cert for plastic waste mgmt, joins hands with private player to reuse single-use plastic. MCC has recycled 11 metric tonnes of plastic waste into paver tiles, benches, etc. It has created a circular economy & earned the EPR certificate, helping earn revenue.

The Guardian - AU

Fadden will show if voters are ready to blame Labor for the economy, or keep bashing the Coalition

Peter Dutton wants to portray the government as too focused on the voice, but while an Aston-style upset is unlikely, the opposition leader is still on thin ice

Salon

Good news makes for a bad election

Good economic news for America usually makes for a good election for the incumbent. Why things may be different now

Tribune News Service

Econometer: Will restarting student loan payments hurt the economy?

Student loan interest rates and payments are set to restart in the fall, and the Supreme Court decided recently to scrap President Biden's debt relief plan.

Bangkok Post

Backup plan in works in case budget is delayed

The Ministry of Finance is preparing a backup plan to sustain the economy if delays in forming a new government affect budget disbursement for the 2024 fiscal year starting on Oct 1.

Zenger

Government Can Print Money, But Not Resources, Says Schiff, Backing Musk’s Take On Goods & Services

People sometimes think the economy is money, but the actual economy is goods and services, according to the billionaire.‌

Caixin Global

China Plans to Boost Researcher Salaries in Areas Aligned With National Innovation Goals

The world’s second-largest economy is striving for greater self-sufficiency, especially in certain core industries, such as semiconductors, amid growing geopolitical concerns

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