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The Latest Breaking News from Economy

Janet Yellen says inflation is actually being ‘really well-behaved’ as she strikes optimistic tone on jobs

U.S. Treasury Secretary Janet Yellen said interest rates are not causing “dysfunction” in the market.

Fortune

India’s space economy has potential to reach ₹35,200 crore ($44 billion) by 2033 with about 8% of global share

At present, the share of the domestic market is ₹6,400 crore ($8.1 billion). The export market share is ₹2,400 crore ($0.3 billion). The aim is to increase the domestic share to ₹26,400 crore ($33 billion), and the export share to ₹88,000 crore ($11 billion).

The Hindu

Euro 2028: UK and Ireland confirmed as hosts with £2.6billion boost to the economy expected

Scrutiny will now inevitably fall on security after the carnage that marred the Euro 2020 final at Wembley

Evening Standard

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IMF outlook worsens for a world economy left 'limping' by shocks like Russia's war

The International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts

The Independent UK

UK interest rates will need to stay high into 2024, warns IMF

Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check finds

The Guardian - UK

Soft landing more likely for limping global economy

The global economy is limping along as inflation proves persistent, although the IMF is feeling more optimistic about a soft landing.

AAP

The Guardian view on Labour’s conference message: win by focusing on the economy

Editorial: Rachel Reeves’ plans for stable growth contrast favourably with the Tories’ record of wasteful, corrupt and inept administration

The Guardian - UK

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Mark Carney is ace in Rachel Reeves’ already strong hand against Tories

Ex-Bank of England governor’s backing for shadow chancellor shows how far Labour’s economic message has travelled

The Guardian - UK

Will Elevated U.S. CPI and Strong Labor Market Keep the Fed Hawkish?

The 10-year T-note yield last Friday posted a 16-year high of 4.885% and is up more than +100 bp this year. Elevated U.S. consumer prices and a surprisingly strong labor market have bolstered expectations for the Fed to keep interest rates higher for longer. Resilient demand in the U.S. economy...

Barchart

Rachel Reeves: I’ll be iron chancellor who gets UK economy back on track

Shadow chancellor says in Labour conference speech that next election will be fought on economic issues

The Guardian - UK

Ex-Bank of England boss endorses Labour as Rachel Reeves vows to ‘rebuild’ economy after Tory ‘misrule’

Mark Carney says ‘beyond time’ for a Labour government in major coup for opposition

The Independent UK

The key issues at stake in Liberia’s presidential election

Issues around the economy and the civil war could affect how Liberians vote in Tuesday’s election, analysts say.

Al Jazeera

How Tories’ green hostility will hinder a future Labour government

Experts say current policies will make it tougher for Keir Starmer to mend UK’s economy and climate goals

The Guardian - UK

Politicians 'using wellbeing as fashionable new label for old policies', report says

THE language of a “wellbeing economy” is being used as a “fashionable label” by politicians in Scotland who are promoting the same policies…

The National (Scotland)

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The Independent UK

David Lammy: Voters do not want razzmatazz of Blair era

The Labour frontbencher said the party must focus on reassuring the electorate that it can run the economy.

The Guardian - UK

Keir Starmer’s dilemma over economy: should he sell voters security or change?

Cautious Labour approach at conference has risks yet something more transformative may raise concerns about trust

AAP

Resilience of Australian businesses under a microscope

A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.

The Guardian - UK

Keir Starmer: ‘We need to show the country that we are the change’

As a Labour party transformed by its leader in the last three years prepares for its conference in Liverpool, the man bidding to be the next PM remains adamant that big challenges still lie ahead

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Fortune

Financial experts say we need to stop living in a 'YOLO economy.' They share 5 ways to rein in spending

How to reset your finances after a spend-y summer.

The Independent UK

China's flagging economy gets a temporary boost as holiday travel returns to pre-pandemic levels

Tourism in China has bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation’s flagging economy

The Guardian - UK

Boost the economy by ending child poverty

Letters: Armando Iannucci of the Child Poverty Action Group would like to see the two-child benefit cap lifted other means of support being strengthened

The Conversation

UK bonds have hit a 25-year high – here's what that means for the economy

It’s been more than a year since the UK economy was thrown into crisis after then-prime minister Liz Truss suggested making a wealth of unfunded tax cuts in her September 2022 mini-budget. But a recent bond market sell-off has now sent borrowing costs rocketing again, pushing the bond market even…

The Guardian - US

US economy added 336,000 jobs in September surpassing expectations

Data comes as central bank seeks to guide the US economy to ‘soft landing’ to avoid a recession

The Times of India

England vs New Zealand: England spinners fail to find their groove in World Cup opener

NEW DELHI: The defending champions, England, got off to a shaky start in their ODI World Cup defence, suffering a resounding nine-wicket defeat against New Zealand on Thursday. The Kiwis, runners-up in the 2019 World Cup, exacted revenge for their heartbreaking loss at Lord's four years ago.

The Independent UK

Economic spotlight turns to US jobs data as markets are roiled by high rates and uncertainties

Job growth in the United States has remained resilient for the past 2 1/2 years even after high inflation flared and the Federal Reserve jacked up interest rates at the fastest pace in four decades

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