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The Latest Breaking News from Economy

OPINION - The Standard View: Jeremy Hunt is walking a tightrope on tax cuts

Having met his pledge to halve inflation by the end of the year — albeit thanks to the Bank of England — Rishi Sunak has confirmed that tax cuts will be in tomorrow’s Autumn Statement. Much of the focus is likely to fall on business taxation in the face of…

Evening Standard

Outdoor recreation contributed over $1 trillion to the US economy in 2022

Outdoors adventures accounted for 2.2% of the US’s GDP in 2022 – more than oil/gas extraction and mining combined

Advnture

A new global study shows the real reason the West is still one step ahead of Asia when it comes to the digital economy–and it’s not technological prowess

Findings from the NRI confirm that technological excellence alone is not enough.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

Fortune

Deliveroo wins Supreme Court case against union over employment status of riders

The landmark ruling is 'fundamentally important for the gig economy, not just for Deliveroo'

Evening Standard

AVIXA Report: Sales Growth Rebounds as U.S. GDP Stuns

The expansion is solid, but integrators are still being impacted by nagging supply chain issues and other economic factors.

AVNetwork

Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips

Nigerian public sector workers may earn slightly more than they did years ago, but can afford fewer things than before.

Al Jazeera

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Pressure grows on Hunt to cut income tax as millions more face paying it

Hopes that nearly 4 million low paid UK workers would be able to keep more of their earnings if personal allowances are uprated

The Guardian - UK

November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

The Guardian - AU

Tory hopes grow of tax cuts at autumn statement after Sunak speech

A benefits shake-up that would see those with mental health or mobility problems told to search for work which is possible from home is also expected.

The Independent UK

Government to invest £20m helping universities turn research into businesses

The funding is intended to support the ‘next generation’ of university ‘spin-outs’.

The Independent UK

Making sense of the employment challenge

The case of high working hours in Germany and East Asia in the middle of the last century, backed by public funding and coercion, is not an experience helpful to understanding the present in India

The Hindu

‘El Loco’ at the helm: What next for Argentina under outsider president Javier Milei?

A former TV personality-turned political maverick, Argentina’s president-elect Javier Milei has promised no half-measures as he bids to make his stricken country “great again”. Riding a wave of anti-establishment rage, the far-right outsider known for his foul-mouthed outbursts will have no time to bask in his stunning victory as he…

France 24

Leap in the dark: On the election of Javier Milei, in Argentina

The election of Javier Milei as the President of Argentina is a boost for the far-right in the Americas

The Hindu

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The Guardian - UK

If Rish! makes a speech and no one is there to hear it, has he made a speech?

Rishi Sunak’s weekly relaunch featured five new promises he won’t be around to keep

The Guardian - UK

Does Javier Milei’s dollarisation plan for Argentina make any economic sense?

President-elect’s idea is a gamble that is likely to crash an economy paying the price for mistakes of his predecessor

The Independent UK

What will Jeremy Hunt unveil in the Autumn Statement?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

Treasury accused of ‘pure dogma’ by Patrick Vallance in pandemic notes

The Government’s former chief scientific adviser said there was a lack of transparency on analysis of Covid-19’s impact on the economy.

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The Conversation

Autumn statement: what to expect, what they're not saying, and the traps for Labour

Chancellor Jeremy Hunt’s budget on Wednesday, November 22 will put into place a major piece of the Conservative party’s strategy for the general election – the plan to turn the economy around and tackle the cost of living crisis. But with just over a year to go before an election…

The Independent UK

Rishi Sunak says tax cuts on the way ahead of autumn statement

Chancellor Jeremy Hunt forecast to cut national insurance – as PM promises to ‘reward work’

The Independent UK

Starmer in No 10 would be as dangerous as Liz Truss, says Rishi Sunak

The Prime Minister said it would take discipline and the government would need to decide which cuts to prioritise.

The Hindu

IISR-Kozhikode develops new high-yielding pepper variety

IISR Kozhikode has developed a new high-yielding black pepper variety, 'IISR Chandra', using a unique approach. It has potential yield of 7.5 kg/vine, long spikes, compact setting & bold berries. Director R. Dinesh said it will be a game-changer for pepper economy. Licences for commercial production to be issued Nov…

The National (Scotland)

PM unveils five new pledges as he promises tax cuts ahead of Autumn Statement

RISHI Sunak has said he is taking “five long-term decisions” in a bid to grow the economy and public finances.

The Guardian - UK

From Maxwell to Sharma: 2023 Cricket World Cup team of the tournament

Our cricket correspondent picks a best XI dominated by the two countries who took the field in Sunday’s final

The Independent UK

Rishi Sunak: It’s time to cut tax to grow Britain’s economy

Chancellor Jeremy Hunt said to be ready to cut national insurance – as PM promises to ‘reward work’ and boost growth at autumn statement

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