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The Latest Breaking News from Economy

Swiftie spending a $174m love story for city's economy

Taylor Swift's Eras Tour has spawned a spending boost of $174 million in Melbourne, according to NAB, as the blockbuster show moves to Sydney.

AAP

Rate hike case scuttled by improving inflation outlook

The Reserve Bank considered lifting interest rates earlier this month but convincing progress on inflation made it an easy argument to dismiss.

AAP

3 China Stocks to Monitor for Success

As China's economy surges with a resurgence in consumer spending post-pandemic, it could be wise to monitor sound China stocks Sohu.com (SOHU), Alibaba Group (BABA), and JD.com (JD) to capitalize on substantial growth opportunities. Read on….

StockNews.com

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Ukrainian businesses fear mobilisation law impact on economy

Learn about how Ukrainian businesses are concerned about the potential impacts of a new mobilization law on the economy amid the crisis.

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Germany in recession as per Bundesbank forecast

The Bundesbank suggests that Germany may be entering a recession, signaling potential economic challenges ahead.

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Saudi Arabia predicts over 5% non-oil growth slowdown

Learn about Saudi Arabia's medium-term non-oil growth forecast of over 5%, a decrease from previous estimates, impacting the economy.

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Gaza War Causes 19.4% Israeli Economy Drop in Q4

The Israeli economy experienced a significant 19.4% decline in GDP in Q4 amid the Gaza war, highlighting the impact of conflict on economic performance.

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China to cut mortgage reference rate, first time since June

China is expected to reduce its mortgage reference rate for the first time since June, impacting the country's economy and real estate market.

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Bank of England ‘risks worsening UK recession if no interest rate cuts soon’

Former chief economist Andy Haldane says keeping rates high could ‘crush the economy’

The Guardian - UK

T.N. Budget | Coastal resources to be restored; conservation fund to protect endangered species

Tamil Nadu unveils TN-SHORE scheme to restore coastal resources, focusing on biodiversity, livelihoods, pollution control, and Blue Economy.

The Hindu

Stocks And Bonds Come Off A Volatile Week On Fears Of Stagflation - What Is Next?

The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.

International Business Times

How Russia-Ukraine war is boosting US economy, defense industry

India has been facing criticism from policymakers in the US and West for trying to profit from the Ukraine war as it emerged as one of the key buyers of cheap Russia oil in the wake of Western sanctions. External affairs minister S Jaishankar had, time and again, defended India's…

The Times of India

EU opens formal investigation into TikTok; Bank of England ‘could worsen recession’ without interest rate cuts soon – as it happened

The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts

The Guardian - UK

China New Year Holiday Spending Surges Past Pre-pandemic Levels

China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

International Business Times

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Al Jazeera

Year of the Dragon: China faces critical moment in push to revive economy

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth.

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Ethiopia to establish 0 million bitcoin mining and AI center

Learn about Ethiopia's 0 million bitcoin mining & AI data center project, harnessing renewable energy for tech innovation & economic growth.

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China central bank maintains key rate amid Federal Reserve policy

China's central bank maintains key policy rate amid Federal Reserve influence on global economy. Stay informed on economic developments.

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China central bank holds key rate amid Federal Reserve concerns

The China central bank decided to keep its key policy rate steady amid concerns over the impact of Federal Reserve decisions on the global economy.

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news in one place.

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French finance minister to reduce 2024 growth forecast - media

French finance minister is expected to lower the 2024 growth forecast, impacting the country's economy. Stay informed about the latest economic updates.

The Guardian - UK

Record long-term sickness bodes ill for UK economic growth

Years of austerity, followed by Covid, have left Britain with unhealthy workers and businesses struggling to recruit, but the road to recovery, of all kinds, will be long

The Hindu

Joblessness rising in country with education levels: IIM study

The country’s economy is witnessing a stagnating employment growth rate, weakening employment elasticity, slow structural transformation, and brewing structural problems in the labour market such as low female labour force participation and a rise in the unemployment rate

Salon

Expert: Immigrants help bolster economy

An uptick in immigration presents an opportunity to help the American economy, one economist writes

The Guardian - AU

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Russia transitions to ‘Kalashnikov economy’ as Ukraine struggles for aid; hopes and fears of Ukrainians go on show

International Business Times

London Fashion Week Blends Tweed And Y2K Amid Economic Gloom

From tweed to the iconic low-rise jeans of the early 2000s, London Fashion Week unveiled a spectrum of styles on Friday, kicking off its 40th season which has been dimmed by the UK's gloomy economy.

StockNews.com

Analyzing 3 Coal Stocks for 2024 Gain Potential

Coal plays a vital role in the global economy through electricity, steel, and cement production but emits substantial carbon dioxide, necessitating urgent reduction for climate goals. That being said, let's analyze Hallador Energy (HNRG), Peabody Energy (BTU), and Arch Resources (ARCH) for potential gains amid this shift. Read on….

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