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The Latest Breaking News from Economy

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Independent UK

How is State economy good when it pays ₹18,000 crore as interest on loans every year: Congress

Ponnala Lakshmaiah challenges KCR to release white paper on Kaleshwaram project. He claims CM has never responded to requests for debate on project cost, loan raised, interest paid. Ayodhya Reddy claims govt showing loans as income, misleading people

The Hindu

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

The National (Scotland)

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U.S. consumer confidence jumps to a two-year high as inflation eases

U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates

The Independent UK

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

Evening Standard

What Do These 3 China Stocks Have in Common? Quality and Smart Money Interest

The Chinese economy demonstrated immense resilience despite facing many challenges. This solidity is strengthened further by an array of initiatives deployed by the nation, which have the potential to fortify its financial terrain. Therefore, quality Chinese stocks Alibaba Group Holding (BABA), FinVolution Group (FINV), and LexinFintech Holdings (LX), owned significantly…

StockNews.com

MMO fans lament reintroduction of World of Warcraft's most hated item as raid ring goes for $13,000 in gold

WoW Classic's economy is in shambles

GamesRadar

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Nervous automakers await rules pushing them toward EVs - Roll Call

Automakers say the Biden administration’s goal of 67 percent of new cars being electric by 2032 is not reasonable or achievable.

Roll Call

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

France 24

Nigel Farage says NatWest management ‘should go’ after CEO Rose admits discussing his bank account with BBC – as it happened

Dame Alison Rose admitted to serious error in discussing Nigel Farage’s relationship with Coutts with a BBC journalist.

The Guardian - UK

Stock market today: Asian markets follow Wall St up after Chinese promise to support economy

Asian stock markets have followed Wall Street higher after China’s ruling Communist Party promised to shore up its sagging economy ahead of a Federal Reserve meeting that traders hope will announce this interest rate cycle’s final increase

The Independent UK

3 'A' POWR Rated China Stocks With Tons of Buying Interest

Despite the challenges, the Chinese economy has exhibited resilience in navigating the pressure and maintaining stability. Thus, fundamentally strong stocks X Financial (XYF), China Automotive Systems, Inc. (CAAS), and Sunlands Technology Group (STG), rated A (Strong Buy) in our POWR Ratings system, could be ideal picks. Let’s discuss….

StockNews.com

MPs urge Sunak to attend Cop28 and stay true to net zero

All-party climate group says backing away from green policies would be catastrophic for the economy

The Guardian - UK

Economists were mostly dead wrong about America crashing into recession. Just look at how they’ve changed their minds

Economists polled by Bloomberg said there was a 70% chance of a U.S. recession last December—now they say the odds are just 58%.

Fortune

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StockNews.com

3 High-Value China Stocks to Get Your Hands on Today

Given the robust performance in the fiscal first half, China's economic prospects appear increasingly luminous. Furthermore, the nation is launching numerous initiatives to fortify its economic landscape. Hence, it could be wise to invest in robust China stocks Ping An Insurance (PNGAY), NetEase (NTES), and Vipshop Holdings (VIPS), trading at…

The Guardian - UK

Ulez is more than a political football – it’s a matter of life and death for people like me

Letters: Readers on London’s ultra-low emission zone and its role in the Tory victory in the Uxbridge and South Ruislip byelection

The Conversation

When mafia threatens democracy: research shows ordinary people are less honest in countries hit by organised crime

Organised crime casts a long shadow, driving violence and an illicit economy. But our research has uncovered some more subtle dimensions to its influence, too. We’ve found that organised crime can undermine the civic honesty of ordinary, law abiding people.

The Guardian - UK

Pound on worst run since March 2020 as weak economy curbs interest rate rises

New report suggests British economy almost stalled in July as consumers limited spending

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WEKU

Up First briefing: State of the economy; a possible Trump indictment; difficult bosses

Another indictment for former President Trump could come soon. A career coach gives advice for workplace conflicts. Economic forecasters are optimistic, but the economy isn't out of the woods yet.

The Week

Will Sunak and Starmer drop green policies to win voters?

Keir Starmer and Rishi Sunak could water down or even drop much of their green agenda, as both look to prioritise the economy in a bid to win voters ahead of the next general election.

The Independent UK

Key question as Federal Reserve meets: Can the central bank pull off a difficult 'soft landing'?

When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession

WEKU

Could the U.S. still see a recession? A handy primer about the confusing economy

A string of encouraging reports is raising hope about the economy — but worries of a possible recession have not gone away. Here's why.

The Guardian - UK

Pound on worst run since March 2020 with UK economy ‘close to stalling’; some Gatwick strikes suspended – as it happened

UK private sector growth slowed to six-month low this month, while DHL workers have cancelled Gatwick strikes and other strikes are suspended

The Guardian - AU

China’s sudden economic slowdown is worrying. But it doesn’t have to be all bad news for Australia

The great Chinese construction boom has lasted longer than anyone thought possible. But all things must pass

The Canberra Times

ACT economy ranked second worst in the country

ACT leads nation on retail spending

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