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The Latest Breaking News from Economy

‘There is zero work’: Occupied West Bank paralysed as economy stalls

Israel-ordered shutdowns and settler attacks in occupied West Bank take devastating toll on Palestinian economy.

Al Jazeera

Towards a knowledge economy on the back of social progress

Kerala is celebrating its 68th State-formation day on November 1, at a time when the State is on the cusp of a profound transformation into a knowledge society

The Hindu

Fly directly from Chennai to Salem

IndiGo to operate direct flights b/w Chennai and Salem from Oct 29, 2023. Flights to Hyderabad and Bengaluru from Oct 30, 2023. Flight services resumed from Salem airport, promoting tourism and local economy.

The Hindu

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Post G20 summit, India is being viewed as a soft power, says Vice-President Jagdeep Dhankar

Post G20 summit, India is being viewed as a soft power, says Vice-President Jagdeep Dhankar. India is sure to emerge as the third largest economy by 2030, thanks to the visionary leadership and affirmative policies of the Union government, observes Vice-President Jagdeep Dhankar while speaking at three-day centenary celebrations of…

The Hindu

5 things to know about a stunning week for the economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

WEKU

The national budget deficit was $1.7 trillion in fiscal year 2023

The federal deficit grew to $1.7 trillion—more than $5,000 per person in the US—in FY 2023. The last budget surplus was in FY 2001.

USAFacts

Women can make the world better

Women must be given freedom, not just to be promoted within male-dominated institutions, to shape better, family-spirited institutions for governance

The Hindu

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U.S. Consumer Spending Suggests PayPal Could Be a Contrarian Options Play

The Commerce Department reported yesterday that the economy’s annual growth rate was 4.9% in the third quarter, the fastest pace in almost two years, and more than double the second quarter.

Barchart

Lessons From the Bust That Followed Bill Clinton’s Economic Boom

Historian Nelson Lichtenstein’s new book details the price we have paid for free trade, deregulation and failed health care reform.

Capital & Main

U.S. consumers are ‘walking towards a cliff’ and the jobs market is beginning to ‘fray at the edges,’ warns market strategist

Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for “tough times.”

Fortune

3 China Stocks with Growth Potential to Buy Today

China's economy displayed robust growth in the third quarter, underscoring Beijing's resolute commitment to achieving its annual growth target of 5%. Thus, it could be wise to scoop up shares of resilient China stocks LexinFintech Holdings (LX), X Financial (XYF), and Tarena International (TEDU), which exhibit solid growth potential. Read…

StockNews.com

Furious villagers slam ‘bodge job’ after wooden fence replaces ‘historic’ stone wall

Local councillor says move is a ‘false economy’ because fence will need replacing in a few years

The Independent UK

Ex-Chinese premier and advocate for economic reform Li Keqiang dies aged 68

Former Chinese premier Li Keqiang died early this Friday from a heart attack at the age of 68, months after retiring from nearly a decade in office. When he took up his post, reformers had hoped Li would initiate bold economic change. Barclays even coined the term "Likenomics" to describe…

France 24

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

Asian shares have advanced after the latest tumble on Wall Street

The Independent UK

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WEKU

Li Keqiang, a former premier of China who was edged aside by Xi Jinping, has died

Li was groomed for leadership, and was seen at one point as a contender for China's top job, only to be pushed aside as Xi Jinping ascended.

Fortune

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune

California Gov. Newsom is right. Truck drivers and autonomous trucks can thrive together–not just coexist

Newsom recently vetoed legislation that would have all but banned autonomous trucks in the California, instead allowing the regulatory process to play out.

Chicago Sun-Times

US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

Even though the painful inflation of the past two years has soured many people’s view of the economy, millions have remained willing to splurge on vacations, concert tickets and sports events.

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The Conversation

Energy bills: how households could feel the cold this winter

As winter starts to bite, you may be starting to worry again about how much you will have to pay for your gas and electricity over the coming months. Of course, energy isn’t the only rising cost in the current inflation-led economy, which has caused most households to see a…

WEKU

The U.S. economy posted stunning growth in the third quarter — but it may not last

Gross domestic product surged from July to September as Americans opened their wallets big time, but there are doubts about how long this blistering pace of growth can last.

The Guardian - UK

ECB keeps interest rates steady amid eurozone recession fears

Widely expected decision by European Central Bank follows 10 consecutive rises in borrowing costs

The Independent UK

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy

The European Central Bank is likely taking a break from interest rate increases

Radio France Internationale

Gaza needs billions in aid to reverse years of restrictions, UN trade body

The Gaza Strip needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on Wednesday by the United Nations trade body.

The Independent UK

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes

The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates

The National (Scotland)

First Minister hails wellbeing economy importance ahead of Jimmy Reid lecture

THE First Minister has hailed the importance of the wellbeing economy to the Scottish independence cause ahead of a lecture at a left-wing think…

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