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The Latest Breaking News from Economy

It's not a cost of living crisis – it's a poverty pandemic

There is a poverty crisis in the UK. But when outlining his 110 growth measures aimed at getting “the British economy working” during his autumn statement, the chancellor’s measures to tackle the cost of living crisis were limited to economic support payments focused on short-term wins.

The Conversation

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany’s economy shrank in recent months, and business confidence is still in the dumps

The Independent UK

Wealthy six-figure earners who kept the economy chugging along are starting to pinch pennies, signaling the post-COVID spending boom may be over

"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.

Fortune

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Why increasing AC coaches and reducing Sleeper and Second Class is a problem for commuters | Data

Indian Railways has replaced Sleeper/2nd Class coaches w/ AC 3-tier Economy Class coaches, resulting in fewer passengers able to reserve tickets in Sleeper/2nd Class. This has led to higher costs for AC coaches & incidents of general ticket holders invading reserved compartments. Comparing 2019-20 & 2009-10, AC seats share rose…

The Hindu

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

International Business Times

Indonesia’s presidential hopefuls lay out plans to revive $1.2tn economy

GDP growth slowed to 4.94 percent in the third quarter, compared with 5.72 percent during the same period in 2022.

Al Jazeera

Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

International Business Times UK

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A $5 trillion economy, but for whom?

While India is set to become the third largest economy in the world in 2028, 80 crore Indians will still be receiving free foodgrains to stave off hunger

The Hindu

The Top 3 China Stocks Securing Investor Portfolios

Despite various challenges, the Chinese economy has consistently exhibited remarkable and steadfast resilience, maintaining robust growth. Therefore, three Chinese stocks, Vipshop Holdings (VIPS), Sunlands Technology (STG), and X Financial (XYF), could be ideal buys. Read more….

StockNews.com

Are These 3 China Stocks Buying Opportunity?

China's economy is staged for significant growth, buoyed by robust GDP growth, elevated forecasts, and proactive government measures to spur recovery. Amid this, could Chinese stocks New Oriental Education & Technology (EDU), JD.com (JD) and FinVolution (FINV) make ideal buys? Let's find out.

StockNews.com

Be warned: Deliveroo’s victory over its riders shows just how vulnerable British workers are

Why is the UK establishment so much more hostile to gig economy rights than other parts of Europe, asks the sociologist and author Callum Cant

The Guardian - UK

Govindan accuses Governor of orchestrating a Sangh Parivar-UDF tie-up to control State universities

CPI(M) State Sec. Govindan accuses Kerala Governor Khan of forming illicit political alliance to gain control of State-funded universities. Alleges Khan disregarded VC's panel of Senate nominees to insert people of his choice. Accuses Sangh Parivar of subverting gubernatorial office to thwart LDF's knowledge economy. Slams Opp. Leader Satheesan for…

The Hindu

Cuba's Food, Energy Shortage Worsens As Economy Deteriorates

Senior officials said in televised prime-time appearances that the economy of Cuba continued to fall due to food and fuel shortages.

Latin Times

What Chancellor Jeremy Hunt didn’t say in his Autumn Statement

City Voices: The total tax-take will soon rise to a level not seen since the early 1950s

Evening Standard

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The Guardian - UK

‘It’s £2m ploughed into Cardiff’: how Doctor Who boosted the Welsh economy

Sci-fi series reboot 20 years ago created hundreds of jobs in Wales and was catalyst for dramatic growth, BBC report finds

The Independent UK

Voices: Chancellor hunts for growth as OBR cuts forecasts for Britain’s stuttering economy

A business investment tax break was made permanent, but it’s hard to see where else economic growth will come from, says James Moore

The Hindu

Listen to the people, not the numbers

The process of policymaking must begin with listening to those who have not been given much value in the present economic paradigm

The Independent UK

Senior Tories call for faster movement on low tax economy plans

Dr Liam Fox and Dame Priti Patel were among those urging Government to go further and faster with plans to cut taxes.

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The National (Scotland)

Five key points of the Autumn Statement: Is a spring General Election on the cards?

CHANCELLOR Jeremy Hunt claimed the economy had “turned a corner” delivering his Autumn Statement – but analysts have cast doubt on whether…

The Independent UK

Hunt claims UK has ‘turned a corner’ as he slashes national insurance

With an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

Evening Standard

OPINION - Donald Trump's unique position on abortion could make him the next President

Abortion is the safe wall behind which Joe Biden can age before our eyes, the struggling economy can keep gasping for breath, and Ukraine can worry not so much about its weapons, because abortion — its availability in some form massively popular with most Americans; its sanctioning viciously biting Republicans…

The Hindu

Bank of Baroda launches ‘Baroda Kisan Pakhwada’ in T.N.

Bank of Baroda launched its 6th edition of ‘Baroda Kisan Pakhwada’ in Tamil Nadu, a two-week farmer engagement programme from Nov 16-30. An event was held in Nallampatti village, Dindigul, Madurai, inaugurated by Saravanakumar A and Jaikishan M. Aim: to support agrarian economy.

The Guardian - UK

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

The Independent UK

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Chancellor said high employment taxes ‘disincentivise hard work’.

The Guardian - AU

The past financial year was brutal for household incomes – and it seems the recovery isn’t coming anytime soon

Household disposable income fell 5.1% across the country, meaning our living standards have been smashed

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