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The Latest Breaking News from Economy

FTSE 100 Live: ‘Recession increasingly likely’, shares end week lower

Retail sales figures have kept the UK economy in focus after yesterday’s knife-edge rates decision by the Bank of England.

Evening Standard

U.P. to contribute significantly in India’s $5 trillion economy goal, says President

President Murmu hails U.P. International Trade Show as a milestone in state's dev. journey. India determined to become 3rd largest economy; U.P. to contribute significantly to $5 trillion goal. Showcasing 'One District One Product' products & others by 2K exhibitors. CM Adityanath says U.P. moved from BIMARU to prosperous state,…

The Hindu

New York Times columnist David Brooks roasted for complaints about $78 airport meal

‘This is why Americans think the economy is terrible,’ says Brooks

The Independent UK

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Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU

2024 Nissan Z Nismo Gets 19 MPG Combined, Matching BMW M2

The combined MPG figure is two MPG less than the standard model with the automatic and one less than with the manual gearbox.

Motor1

‘He is making the UK a climate villain’: MEPs denounce Sunak’s net zero retreat

Politicians from across the divide say ‘suicidal’ policy U-turns will harm environment and Britain’s economy

The Guardian - UK

During historic auto strike scaring Wall Street, Biden’s economic advisor says workers want a ‘fair slice’

Council of Economic Advisers Chair Jared Bernstein claims the UAW strike is actually a sign the economy is doing well.

Fortune

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G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Conversation

Judging by the state of the UK economy, the Bank is done with interest rate hikes

Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity

The Guardian - UK

Power crisis, bird flu trigger imminent chicken shortage in South Africa

Africa’s most advanced economy is enduring frequent electricity cuts that ramp up cost of business, including poultry.

Al Jazeera

'Bidenomics' Is Failing Everyday Americans

The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.

Reason

Deutsche Bank CEO says Germany risks becoming ‘the sick man of Europe’ unless structural fixes are made

Deutsche Bank's Christian Sewing thinks structural reforms are key to Germany global competitiveness.

Fortune

Bank of England’s interest rate pause raises hopes peak has been reached

Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressure

The Guardian - UK

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

The Independent UK

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The Guardian - US

Dreamers face fresh blow in long fight to stay: ‘They view us as second class’

Many Daca recipients in limbo about their future in the US, the country they have called home for years, after judge’s ruling

AAP

Call to bring forward net-zero to future-proof economy

Australia needs to transition to net-zero emissions by 2035 if it wants to avoid a climate and economic catastrophe, science and engineering groups say.

The Conversation

The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks

Federal Reserve officials held interest rates steady at their monthly policy meeting on Sept. 20, 2023 – only the second time they have done so since embarking on a rate-raising campaign a year and a half ago. But it is what they hinted at rather than what they did that…

AAP

Recession or not, New Zealand GDP growing again

New Zealand enjoyed a return to solid growth in the June quarter, with Stats NZ reporting an 0.9 increase, well beyond market expectations.

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Chicago Sun-Times

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

The move suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.

WEKU

This Republican senator wants an expanded child tax credit — with work requirements

Florida Sen. Marco Rubio says the U.S. has lost focus over the last 20 to 30 years and economic policies need to be geared towards creating stable work for families.

Evening Standard

With the economy faltering, rates may already be too high

City Voices: Most of the macroeconomic factors facing the UK economy, bar inflation, now point to a policy rate which is too restrictive

The Hindu

Stakeholders against scaling down Dasara as farmers call for low-key festival

Amidst calls to scale down Dasara, stakeholders debate pros/cons: some argue for low-key celebrations, while others suggest traditional festivities to aid local economy, generate jobs.

The National (Scotland)

BBC host lets MP claim Tories 'grew economy by 60 per cent' without challenge

FOR anyone struggling through the cost-of-living crisis worsened and worsened by successive Tory governments, one of the party’s more confused MPs…

Barchart

Stocks Climb Before the Open as Fed Rate Decision Looms

December S&P 500 futures (ESZ23) are up +0.28%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.32% this morning as market participants braced for the Federal Reserve’s interest rate decision due later in the day.

Fortune

Chevron CEO says we're headed for oil at $100—but is confident consumers can handle it

Why are gas prices so expensive? When will gas get cheaper? Where can you get the cheapest gas? Here's what you need to know.

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