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The Latest Breaking News from Economy

Recession fears as UK economy shrinks by more than expected in shock decline

Summer washout hits retail and construction sectors – but chancellor insists there are ‘reasons to be confident’

The Independent UK

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Evening Standard

China's 'full-time children' move back in with parents, take on chores as good jobs grow scarce

A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19

The Independent UK

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‘Amazon effect’: can Labor’s industrial relations reforms protect workers in the gig economy?

Employees and experts hope the bill goes far enough, as it faces a Senate inquiry and attacks from industry groups

The Guardian - AU

Professional services firm to create 1,000 jobs in Northern Ireland

EY will establish a hub in the north-west of the country.

The Independent UK

Andhra Pradesh: ‘Samudrayaan’ next year to mine deep sea, says official

India to explore deep sea with 'Samudrayaan' mission; MoES, IIT-Tirupati & Vijnana Bharati organise symposium on 'National S&T Missions'; 'Blue Economy' to harness coastal resources, predict future cyclones & generate offshore energy; Niti Aayog, DRDO & CSIR discuss defence, tech warfare & social entrepreneurship.

The Hindu

Scotland to Europe ferry a 'necessity for Scottish economy after Brexit'

A CAMPAIGNER has said that establishing a new Scotland to Europe ferry is an “absolute necessity” for Scotland’s economy after Brexit.

The National (Scotland)

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What Arizona and other drought-ridden states can learn from Israel's pioneering water strategy

Arizona is one of the fastest-growing states in the U.S., with an economy that offers many opportunities for workers and businesses. But it faces a daunting challenge: a water crisis that could seriously constrain its economic growth and vitality.

The Conversation

JPMorgan CEO Jamie Dimon thinks the risk-reward calculus on China is just 'okay'

A sluggish economic recovery and new regulations are making life difficult for the Wall Street bank.

Fortune

Jamie Dimon isn’t ready to feel good about the economy yet: ‘We’ve been spending money like drunken sailors’

"I think the uncertainties out in front of us is still very large and very dangerous."

Fortune

‘Don’t panic!’ say leading Democrats as Biden’s age and poor polls cast pall

A strong economy and legislative wins seem to cut little ice but party strategists say it is still early in the election cycle

The Guardian - US

New Dantia CEO determined to see city rank in top 10 'most liveable'

There's a new leader at the helm of Lake Macquarie's economy development company.

Newcastle Herald

UK interest rates: will the Bank listen to business and halt the rises?

Soaring pay growth puts pressure on the Bank to act again, but a slowing economy could tip into recession

The Guardian - UK

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

The Guardian - UK

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Newsroom.co.nz

State of the economy in the eye of the beholder

The opening of the Government's books gave little cause for celebration or catastrophising, which of course didn't stop politicians from doing both.

Newsroom.co.nz

Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Fortune

Supporting democracy is not a partisan issue – it’s what all Americans expect of business ahead of the 2024 election

'A well-functioning democracy is the cornerstone of a strong economy.'

Barchart

Is Now a Good Time to Buy Copper?

Copper is one of the leading commodities that can provide clues about the path of least resistance of the asset class. Many market participants look to Doctor Copper as a barometer of the health and well-being of the global economy. Moreover, as China is the leading consumer, copper is a…

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news in one place.

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The National (Scotland)

Top business journalist condemns Tory approach to Scottish economy

MANY of the problems faced by Scottish businesses and households are the fault of Westminster decisions, a top business journalist has said.

The Guardian - AU

Strong support from Australian business to phase out fossil fuels by 2040, survey finds

Carbon Markets Institute research also finds nearly half of all businesses surveyed backed Australia becoming a net zero economy by 2040

The Guardian - UK

German economy ‘will shrink this year as part of eurozone slowdown’

European Commission forecasts 0.4% contraction for country amid high inflation

Evening Standard

Has ‘Barbenheimer’ helped keep the UK economy growing?

How an unlikely pairing of blockbusters may have stopped a summer spending washout

The National (Scotland)

V&A Dundee boosts Scottish economy by £304m, report finds

V&A Dundee has generated £304 million for the Scottish economy to date, according to a new report published ahead of its fifth anniversary.

Evening Standard

FTSE 100 Live: London blue-chips close ahead as miners lead the way, Wilko to close all remaining shops

London’s FTSE 100 re-took the 7500-point mark helped by rallying banks as investors absorb jobs and wages data into the Bank of England’s next rate call later this month.

Barchart

Stocks Set to Open Higher as Investors Await U.S. Inflation Data, Yellen Comments Boost Sentiment

September S&P 500 futures (ESU23) are up +0.42%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.55% this morning as remarks from Treasury Secretary Janet Yellen bolstered hopes that the U.S. economy is headed toward a soft landing, while investors looked ahead to the latest U.S. inflation reading due…

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