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The Latest Breaking News from Economy

New Zealand's Economy Surprisingly Shrinks in Q3

Join the plot twist! New Zealand's economy throws a curveball, confoundingly contracting in the lively drama of the third quarter. Stay tuned!

Top News

Swatantra party’s history reiterates importance of strong Opposition in society, says author Aditya Balasubramanian

Swatantra Party, founded by C. Rajagopalachari, highlights importance of strong Opposition to check power excesses & provide ideological diversity. Aditya Balasubramanian, ANU Senior Lecturer, spoke at book launch in Chennai on decentralisation & governance. Panel discussed free marketeers' views on Constitution's 'capitalist relations of economy'. Heterogeneity of Swatantra Party revealed…

The Hindu

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New EU gig worker rules will sort out who should get the benefits of full-time employees

In a bid to improve working conditions for people who deliver food and offer rides through smartphone apps, the European Union gave provisional approval to new rules for gig economy workers

The Independent UK

‘Quite a gap to close’: women ‘vastly underrepresented’ in green jobs sector

Women comprise a strikingly small portion of the clean tech workforce, but the White House has made steps to change that

The Guardian - US

GameStop (GME) vs. Aeon (AONNY): Analyzing Which Specialty Retailer Is a Solid Buy for 2024

The specialty retail sector is flourishing due to a resilient U.S. economy with solid GDP growth, reduced inflation concerns, and robust consumer spending. Hence, let's assess which specialty retail stock between GameStop (GME) and Aeon (AONNY) could be a better buy for 2024. Read more….

StockNews.com

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease

The Independent UK

Growth of autocracies will expand Chinese global influence via Belt and Road Initiative as it enters second decade

China currently faces daunting challenges in its domestic economy. But weakness in the real estate market and consumer spending at home is unlikely to stem its rising influence abroad.

The Conversation

The U.S.-led digital trade world order is under attack–by the U.S.

America can regulate Big Tech without disrupting the cross-border data flows that underpin our economy and society.

Fortune

Rishi Sunak now as unpopular as Boris Johnson when he quit, poll reveals

As the prime minister battles a civil war on the Tory back benches, his favourability with the public has slumped to a record low

The Independent UK

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France 24

'Shock therapy' for Argentina's economy: Milei devalues peso by more than 50%

Just days after the inauguration of new president Javier Milei, Argentina's economy minister has announced a dramatic devaluation of the country's currency in an attempt to tackle triple-digit inflation. Also, undocumented workers in France are concerned about the government's plans to tighten measures against them. Plus, Netflix has released almost…

Latin Times

Argentina Devalues Local Currency By 50%, Cuts Energy, Transportation Subsidies To Revive Economy

Luis Caputo said the country was going to see "worse than before" for a couple of months, adding that all the new government projects were halted as there was "no more money."

Evening Standard

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

Two US baseball games at Olympic stadium delivered £53m economy boost, research finds

110,000 fans attended the Major League Baseball games between the St Louis Cardinals and the Chicago Cubs in June

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The Guardian - UK

Sadiq Khan: plans to cut migration will trigger London recruitment crisis

Key sectors of capital’s economy worth billions to exchequer could be left understaffed, mayor warns

Fortune

There's a 'silver lining' to China's 'deflationary cloud'—they can 'export' lower prices to the West in a win-win scenario, according to Société Générale's Albert Edwards

“The ‘West’ wants lower inflation, while China (and Japan) wants higher inflation. There is a deal to be done and maybe all parties can benefit," Edwards wrote.

Latin Times

Argentina Devalues Peso, Unveils Measures To Avoid 'Hyperinflation'

The government of President Javier Milei announced cuts to generous state subsidies and a halt to all new public construction projects.

The Hindu

Centre is nudging Kerala towards a financial crisis, says State in Supreme Court

Kerala has filed a suit in the Supreme Court accusing the Centre of violating the federal structure of governance and causing “severe damage to the economy of a small State with meagre resources” by interfering with its finances. The suit said a State, in a federal system of governance, had…

The Independent UK

UK economy shrank faster than expected in October, new data reveals

Economists warn ‘spectre’ of recession hanging over Britain, as GDP falls 0.3 per cent

Evening Standard

Recession fears return as figures show GDP slumped by 0.3% in October

Stormy weather partly to blame for surprise fall in output

The Guardian - UK

UK economy shrinks unexpectedly as households feel squeeze

GDP fell by 0.3% in October as Bank of England prepares to keep interest rates on hold

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