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The Latest Breaking News from Economy

New data reveal US space economy's output is shrinking – an economist explains in 3 charts

The space industry has changed dramatically since the Apollo program put men on the moon in the late 1960s.

The Conversation

China’s Central Bank Takes Surprising Step As Economy Falters

The rates for the People's Bank of China's one-year medium-term loan facility were unexpectedly cut by 15 basis points to 2.5%.

Zenger

Onus is on opposition parties to isolate ‘communal’ BJP, says D.V.V.S Varma

Speaking at a round-table conference organised by a civil society organisation Asra, here on Tuesday, he contended that ‘‘Manipur is burning due to the divisive politics played by the BJP and its governments at the Centre and the State. The saffron party is aggravating the age-old ethnic tensions in that…

The Hindu

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Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

The Independent UK

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Markets Today: Stocks Tumble on Chinese Economic Concerns

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.68%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.65%. Stock indexes this morning are moderately lower. Concern that China’s faltering economy will drag down global growth is weighing on stocks after China reported disappointing...

Barchart

Interest rate hike just a sticking plaster for Russia’s war-fuelled economic woes

Further tough decisions will be needed while the Kremlin continues to spend large sums on its Ukraine invasion

The Guardian - UK

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China wants people to stop talking about its terrible economy

21.3% of those aged between 16 and 24 were unemployed in June, and July's figure was likely to have been even worse.

Fortune

Scottish unemployment figure up but below UK average

Scotland’s unemployment rate has jumped to four per cent as new figures showed a rise in the number of people out of work.

The National (Scotland)

UK economy defying the ‘moaners and groaners’, Legal & General chief says

Legal & General boss Sir Nigel Wilson decried the levels of “moaning and groaning” about a UK economy that has proved more resilient than expected over the past 18 months.

Evening Standard

Pandora UK: Bringing back VAT-free shopping could bring boost to retail sector

Jewellery chain Pandora has over 200 shops in the UK, including 13 in London

Evening Standard

Modi says India's economy will be among the top three in the world within five years

Prime Minister Narendra Modi says India’s economy will be among the top three in the world within five years

The Independent UK

Vishwakarma scheme, economy, Manipur: Key takeaways from Modi’s Independence Day speech

With the Red Fort’s ramparts missing the usual heavy floral decorations this time, Prime Minister Narendra Modi began his Independence Day speech by referring to citizens as his “parivarjan” (family members), instead of his usual “mere pyaare deshwaasiyon” (my beloved countrymen).

Newslaundry

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

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The Guardian - AU

Opposition refers minister to Ibac – as it happened

This blog is now closed.

The Guardian - AU

Peter Dutton rejects proposed Matildas public holiday as ‘stunt’ and ‘ego trip’ for Anthony Albanese

Opposition leader says holiday could cost economy $2bn and promises $250m in community sports grants instead if elected

Fortune

BlackRock expects economy to ‘flatline’ for a year before inflation returns in 2024. Get ready for a generational shift to ‘full-employment stagnation’

BlackRock Investment Institute warns that we’re in the weakest period of growth “in the postwar era outside the Global Financial Crisis.”

The Independent UK

Russia’s rouble sinks to 16-month low amid invasion of Ukraine

Country’s central bank will hold a meeting on Tuesday to discuss the level of its key interest rate in the wake of the fall in the value of the currency

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news in one place.

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Evening Standard

Russian rouble drops to 16-month low as economy suffers amid Ukraine war

The rouble has lost about quarter of it value against the dollar since Russia invaded Ukraine last February

Evening Standard

What is London’s pitch to the world?

City Voices: Being an economic powerhouse isn’t what makes London one of the world’s best cities. It’s the other way around.

The Week

Inflation vs. deflation: which is worse for national economies?

As sky-high inflation may finally be coming down for many major economies, falling prices and lacklustre growth in China are stoking fears of a deflationary spiral.

The Guardian - UK

Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low

Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy

Fortune

Country Garden's troubles are just the latest piece of bad news for China's flailing economy

The damage to China's economy from the real estate crisis has already been done.

Evening Standard

Bad summer weather has dampened the London economy

City Comment: Hopefully there’ll be a last blast of warm sunshine to at least partially make up for the lost weeks

The Times of India

Women officers in diplomatic service

RANCHI: The greatest joy that citizens of any nation can have is when one represents the country internationally -- be it in sports, culture, economy or diplomacy. This pride is shared by many women in all spheres, including diplomacy, where the country looks forward to playing its role in shaping…

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