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The Latest Breaking News from Economy

India shows an impressive 7.8% economic growth in April-June quarter

India’s economy has clocked up impressive growth of 7.8% in the first quarter of the current financial year, mainly due to good performance by the agricultural and financial sectors

The Independent UK

Australia needs a 'knowledge economy' fuelled by scientists and arts graduates: here's why

The federal government has been asking for “bold ideas” to “reimagine” the future of Australian higher education for decades to come.

The Conversation

The $8.5 billion ‘Barbenheimer,’ Beyoncé, and Taylor Swift bonanza is fading, and the summer’s pop culture economy is giving way to a winter in consumer spending, Morgan Stanley warns

The historic summer of entertainment created a one-off economic boom that may be nearly impossible to replicate next quarter.

Fortune

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Malaysian Prime Minister Anwar Ibrahim has an ambitious plan to rid his country of corruption and turn its economy around—starting with Elon Musk

The prime minister reveals how he wants to get more women working, balancing the U.S. and China, and his "long conversation" with Nelson Mandela.

Fortune

China Is No Economic Model for America

The country's current struggles show the problems of the Beijing way—and make the case for freedom.

Reason

CII to do a comprehensive study across Tamil Nadu

CII works to position TN as leader in socio-economic dev. with white paper to help achieve $1 trillion economy by 2030. Questionnaires sent to 400 participants from 15 sectors to get feedback on 12 parameters. White paper to be submitted to TN govt. ahead of GIM. CII to look at…

The Hindu

US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

The Independent UK

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Mountain view: Bank top economist offers two routes to beating inflation

Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach

The Guardian - UK

Exxon: climate goals destined to fail

An expanding population and worldwide economy will drive up energy demand for fossil fuels, per Exxon researchers

Salon

In Japan, a third of today's 18-year-old women may not have children: Study

The number of children in Japan has been falling for more than four decades as the appetite for marriage and parenting has waned and financial worries have grown, surveys show.

The Hindu

The Tories let the City run out of control. Now Labour plans to repeat their mistakes

Deregulation and financialisation cause environmental, economic and social harms – but the party aims to give finance even more power, says Mick McAteer, co-director of The Financial Inclusion Centre

The Guardian - UK

Chinese property firm Country Giant posts record losses, warns of potential default

Chinese real estate group Country Garden has posted record losses of €6.5 billion for the first half of 2023 and warned that it could default on its debt if its financial performance "continues to deteriorate". The news underlined the country's struggling growth, since the property sector may represent as much…

France 24

Australians may pay ‘tiny bit extra’ on pizza delivery as government announces new gig economy rules

Workplace relations minister says the minimal impact on consumers is a small price to pay for improving rider safety

The Guardian - AU

Services sector fuels India economic growth to fastest in a year

NEW DELHI: India’s economy is expected to shine in its latest report card on strong services growth and a pick up in manufacturing despite elevated interest rates.

The Times of India

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Caixin Global

Property slump is undermining borrowers’ ability to repay

The Guardian - UK

Why I joined 70 economists and human rights experts urging Labour to change course

Labour seems spellbound by the Tories’ economically illiterate cult of austerity – but there is another way to help Britain thrive, says Kate Pickett, co-author of The Spirit Level

Newsroom.co.nz

National creates a heffalump trap in its tax plan

Tax adviser Craig Macalister runs his rule over National's policies on tax savings and credits and asks, why are there such inconsistencies on trustee tax and commercial property depreciation?

The Conversation

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

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news in one place.

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The Guardian - AU

Australia’s gig economy workers set to benefit from minimum pay and protection against ‘unfair deactivation’

Labor bill gives Fair Work Commission power to set minimum standards for hundreds of thousands of ‘employee-like workers’ on digital platforms

The Guardian - AU

Australia’s greenhouse emissions are a national disgrace that are destroying the planet and costing households

The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

The Guardian - UK

Little evidence of ‘greedflation’ in UK, Bank of England study finds

Bank report says companies making excess profits confined to certain sectors of economy such as energy and retail

StockNews.com

3 Top Rated China Stocks Investors Are Buying Right Now

Despite several obstacles, the Chinese economy has demonstrated remarkable resilience over the past several years. Given the consistent measures undertaken by the nation to keep its economy afloat this year, top-rated Chinese stocks JD.com (JD), Alibaba Group Holding (BABA), and Baidu (BIDU) could be worth investing in now. Read on….

The Independent UK

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

StockNews.com

3 Top Rated China Stocks Investors Are After This Week

The Independent UK

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

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