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The Latest Breaking News from Economy

'People are posting a lot less on public social media': Creator economy investor says the old web is gone, replaced by 'people who are professionally entertaining you'

Social media has gone from a place where users connect with friends to a distribution network for influencers, Sasha Kaletsky of Creator Ventures says at the Fortune Global Forum.

Fortune

How your money is helping subsidise sexism in academia – and what you can do about it

It’s frightening to imagine where the world would be right now without mRNA vaccines. The COVID-busting technology revolutionised vaccine development at an internationally critical moment – with massive implications for people’s health, wellbeing and the global economy.

The Conversation

Late 2023 recession off a 'classic policy-led boom-bust cycle' is already happening, Deutsche Bank says—but AI is changing the game a bit

“We think our narrative still holds,” Deutsche Bank economists warned Monday, arguing the mild recession is already “materializing.”

Fortune

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COP28: inside the United Arab Emirates, the oil giant hosting 2023 climate change summit

The United Arab Emirates (UAE), the world’s seventh largest oil producer, will host the 28th UN climate change summit (COP28) in Dubai from November 30 to December 12. Presiding over the conference will be the chief executive of the UAE state-owned oil company Adnoc, Sultan al-Jaber.

The Conversation

'Disastrous' Gridlock Hits S. Africa's Busiest Port

More than 60,000 containers are stuck at sea waiting to be offloaded at South Africa's biggest port amid gridlock blamed on bad weather and equipment failures that is damaging the poor economy, according to business and political groups.

International Business Times

OPINION - From interest rates to inflation and growth, Andrew Bailey is fresh out of good news

Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…

Evening Standard

Biden plans to use cold-war era law in attempt to lower US prices

Defense Production Act of 1950, passed to streamline production during Korean war, was last used during Covid pandemic

The Guardian - US

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How to Cushion Your Business Bank Account in an Uncertain Economy

Putting these practices in place can help your business weather the storm if economic disaster strikes.

Kiplinger

Stocks To Consider For The New Year

Investors seeking out the best stocks picks for 2024 may want to focus on these four areas of the market.

Kiplinger

Agreements to start industrial units worth ₹540.96 crore signed with 117 entrepreneurs in Cuddalore

MoUs worth ₹540.96 crore signed in Cuddalore district to start industrial units, creating 3,518 jobs. Ministers M.R.K. Panneerselvam and C.V. Ganesan present. Aim to reach ₹546 crore investment before Global Investors' Meet 2024. Single-window system activated to deal with industrial houses. Tamil Nadu govt. giving special attention to MSME sector…

The Hindu

Big Tech Stocks Led Wall Street Gains In 2023 — What Is Next?

In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.

International Business Times

These Are the States With Highest Economic Benefit from Clearing Green Card Backlogs

Reducing green card barriers would add $3.9 trillion dollars to the U.S. economy, according to projections from the BPC

Latin Times

Rishi Sunak cheers benefits of immigration to the economy at Global Investment Summit

Rishi Sunak highlighted the benefits of immigration to the UK's economy in his speech at the Government's Global Investment Summit.

Evening Standard

Does the way we talk about the climate crisis numb people with fear, rather than energising them?

A Cop28 speaker says phrases such as ‘green economy’ turn voters off – and Labour has already reframed its language, says energy and environment analyst Roger Harrabin

The Guardian - UK

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Evening Standard

I'm A Celebrity: Fred Sirieix tells Nigel Farage that he destroyed the economy with Brexit

After the heated exchange, Farage said it is ‘fine’ Sirieix loves the European Union

The Guardian - UK

Let boardrooms look beyond shareholder returns to drive productivity, report urges

Adapting business laws to include benefits other than profit in decision-making could add £149bn to UK economy, says Demos thinktank

The Independent UK

Christopher Luxon sworn in as New Zealand prime minister, says priority is to improve economy

Christopher Luxon has been sworn in as New Zealand’s prime minister and says his priority is to improve the economy

The Guardian - UK

UK economy is addicted to immigration but there is long-term treatment

Immigration fuels growth and much-needed workers but there are ways to wean UK plc off its dependency

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The Hindu

Congress to reach out to over eight million professionals in the gig economy

Congress plans to reach out to 8M gig workers ahead of 2024 LS polls. Praveen Chakravarty, new AIPC chief, wants to expand definition of professionals to include gig economy. Aim to provide platform to raise issues, negotiate between capital & labour, and create digital volunteers.

The Guardian - UK

After years of Tory failure, getting Britain growing again will be Labour’s greatest test

A Starmer government will inherit a nation with miserable productivity, emasculated public services, big debts, high tax levels and acute inequalities

Kiplinger

How To Use Sector Rotation In Investing

Anticipating turns in the economy through sector rotation can pay off for nimble investors.

The Guardian - UK

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The Independent UK

Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would help

The energy used by cars and their CO2 emissions could have dropped by over 30% in the past decade if not for the world’s growing taste for SUVs, a new report from the Global Fuel Economy Initiative suggests

Chicago Sun-Times

Chicago Fed prez Austan Goolsbee sees ‘golden path’ toward lower inflation without recession

The head of the Federal Reserve Bank of Chicago, says the economy appears headed to a “soft landing” in which inflation returns to the Fed’s 2% target without an economic crash.

The National (Scotland)

Protesters disrupt conference in Glasgow as arms manufacturer joins panel

Protesters disrupted an economy conference in Glasgow over the war in Gaza.

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