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The Latest Breaking News from Economy

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Independent UK

3 Top Rated China Stocks Investors Are After This Week

Despite several obstacles, the Chinese economy has demonstrated remarkable resilience over the past several years. Given the consistent measures undertaken by the nation to keep its economy afloat this year, top-rated Chinese stocks JD.com (JD), Alibaba Group Holding (BABA), and Baidu (BIDU) could be worth investing in now. Read on….

StockNews.com

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

The Independent UK

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Gig economy workers set for new protections in Albanese government's legislation introduced next week

A suite of protections for gig workers will be contained in legislation to be introduced into parliament by Workplace Relations Minister Tony Burke next week.

The Conversation

Germany's Scholz pledges less infighting as his government works to boost the economy

German Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest

The Independent UK

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Independent UK

Brexit and UK Government chaos blamed as Scottish economy stagnates

THE Scottish onshore economy flatlined for two months in a row, according to official estimates, which also showed a small dip in growth over the…

The National (Scotland)

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Novo Nordisk: the pharma giant making Denmark rich from US obesity epidemic

Soaring demand for two weight-loss wonder-drugs developed by a Danish pharmaceutical company is having a knock-on effect on the whole of Denmark’s economy.

The Week

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The Independent UK

Russia is set to launch Islamic banking: All you need to know

Russia is launching Islamic banking for the first time as part of a two-year pilot programme on September 1.

Al Jazeera

Just 9% of firms believe Scottish Government understands business, poll suggests

The results come as First Minister Humza Yousaf has attempted to be more business friendly.

The Independent UK

Biden’s commerce chief just denied the U.S. is breaking up with China and then listed all the ways it’s doing exactly that

In Beijing this week, Gina Raimondo kept insisting the U.S. and China aren’t headed for a decoupling, but then she got into the details.

Fortune

Examining BlackRock’s shift away from ESG

The Economy and Society letter is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Just as China faces a Japan-style ‘lost decade,’ Japan thinks it’s near a ‘turning point’ in decades-long deflation battle

Japan may be emerging from a 25-year battle with deflation, the government said.

Fortune

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Fortune

Why current-generation AI is 'mostly crap,' but still came along at the ‘perfect time’ to save the flatlining economy, according to a boutique VC firm

SK Ventures’ Paul Kedrosky and Eric Norlin think the “first wave” of A.I. began in 2017 and is ending now. They have a big prediction for what’s next.

The Hindu

TS-RERA registration of real estate project is mandatory: Chairman

TS-RERA Chairman N. Satyanarayana urges builders/real estate firms to get registration from body to protect consumer interests. He participated in awareness campaign organised by AASRA. TS-RERA members K. Srinivasa Rao & K. Lakshminarayana explain RERA Act's salient features. CREDAI president P. Ramakrishna Rao & AASRA founder Hajid Sultan Ali also…

The Hindu

Data | The problems with the Prime Minister’s economic claims

India to become $5trillion economy soon: PM Modi; however, nominal GDP, exchange rate conversions, and skewed income distribution complicate the narrative. In terms of PPP-based GDP, India is already the 3rd largest economy in the world. To attain a dignified living standard for its people, India needs to augment resource…

Barchart

Crude Gains on a Weak Dollar and China Stimulus

October WTI crude oil (CLV23 ) this morning is up +0.20 (+0.27%), and Oct RBOB gasoline (RBV23 ) is down -1.25 (-0.49%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. Also, actions by China to restore confidence in its economy...

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news in one place.

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The Hindu

Youth should become job creators for nation’s economic progress, says A.P. Governor

--AP Governor S. Abdul Nazeer stresses youth must become job creators, not job seekers, to grow economy. Centre's Atma Nirbhar Bharat & Startup India programmes aim to make India self-reliant & catalyse startup culture. Palagummi Sainath, journalist, author & Ramon Magsaysay awardee, honored with Doctor of Letters. His reporting led…

The Guardian - UK

Canals are vital to our way of life. We cannot neglect them

Letters: The government must recognise the value of waterways to Britain’s economy, ecology and wellbeing, says Les Etheridge. Plus letters from Nicholas Falk, Marilyn Biles and Mike Annan

The National (Scotland)

'Laughable': Douglas Ross completely ignores Brexit in new economic plans

DOUGLAS Ross’s failure to mention the impact of Brexit at the launch of his party’s new economic strategy has been branded “laughable” ...

Dynamite News

Uttar Pradesh: 'Indian economy is growing fastest in the world', says Piyush Goyal in ‘Sansad Rozgar Mela’ in Ghaziabad

Thousands of youths had turned up in the 'Mela' and many of them got registered with various companies participating in the 'Sansad Rozgar Mela'. Read further on Dynamite News:

The Times of India

US commerce secretary Gina Raimondo: American firms see China becoming uninvestible

Commerce secretary Gina Raimondo said US companies tell her that China is becoming increasingly “uninvestible” because of growing risks to doing business in the world’s second-biggest economy.

The National (Scotland)

New whisky facility given green light after planning application approved

Those behind the scheme say that the new facility will create 40 jobs and benefit the Scottish economy.

The Guardian - AU

Climate crisis to create ‘acute’ challenges for Australia’s economy, incoming RBA governor says

Michele Bullock uses speech to detail how central bank is preparing for increased risk of extreme weather events

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