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The Latest Breaking News from Economy

Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech

When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected

The Independent UK

Regardless of Wagner Group leader Yevgeny Prigozhin's fate, Vladimir Putin benefits

On Aug. 23, Russian media reported that Yevgeny Prigozhin, the leader of the Wagner Group, was listed among the passengers of a plane that crashed, leaving no survivors. Speculation has already begun about Putin’s potential involvement in the crash. This speculation is likely to continue unabated well into the future.

The Conversation

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read the most diverse news in one place.

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

Barchart

10 trade unions and Samyukt Kisan Morcha resolve to fight against Central government policies

Ten CTUs and SKM plan to launch protests against Union govt's policies ahead of 2024 General Elections. They seek to unite workers and peasants to address the "alarming situation" caused by pro-corporate policies. They will hold protests across India in Dec 2023-Jan 2024 to challenge poverty, slow economy, and lack…

The Hindu

‘Moon can serve as a junction for further space exploration’

Space scientist Deepak Dhadooti returns to India to work with ISRO, providing components for Chandrayaan III Mission. Mission has vast benefits for India, helping explore space better and serve as junction for India and world to reach other planets. SCAC has worked with ISRO for 16 years, supplying critical equipment…

The Hindu

Support grows for sustainable development, a 'bioeconomy,' in the Amazon

The Brazilian Amazon has long been home to small and mid-sized sustainable businesses that use forest nuts, fruits and other products, and it's an incubator for new ones

The Independent UK

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New flight service to Pune from Belagavi starting October 31

Star Air to operate daily direct flight b/w Belagavi & Pune from Oct 31. Rajya Sabha member Iranna Kadadi said private airline responded positively. Fleet strength of 8 aircraft, incl. Embraer E175LR known for low noise, advanced tech & high safety. 12 Business & 64 Economy Class seats.

The Hindu

We gave 2 groups of American voters opposite scenarios for the U.S. economy and asked them about the culture wars. No one cared about ‘wokeness’ in case of a recession

If the economy stays strong, Democrats are poised to meet Americans where they are. If not, Republicans can't continue to talk about woke when we are broke.

Fortune

“I love anything with a killer solo you can jam out to”: Welcome to the Sophie Lloyd masterclass, where the Machine Gun Kelly guitarist and YouTube shred sensation will give your rock chops a serious workout

In this Guitar World exclusive, Sophie Lloyd takes you behind her rhythm and lead techniques on monster single Do or Die and shares her tips on how to hone your skills

Guitar World

Hopeful signs of an economic 'soft landing' emerge in Jackson Hole as Fed meets with world watching

Business these days in Jackson Hole, Wyoming, is still good — just not as robust as it was after the U.S. economy roared out of the pandemic recession

The Independent UK

PM Modi seeks level playing field for smaller e-commerce players

Prime Minister Narendra Modi, in his opening address to the G20 Trade and Investment Ministerial summit, said it was the collective responsibility of these 20 nations to rebuild confidence in international trade and investment processes as the world economy has been tested by the COVID-19 pandemic and geo-political tensions.

The Hindu

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

The Conversation

Stormont official suggested ‘sexier’ picture of NI economy required, files show

The official said a Foreign and Commonwealth Office briefing document for use by UK embassies overseas was a ‘relic of the past’.

The Independent UK

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Space

DARPA wants to build a 'thriving commercial economy' on the moon in 10 years

DARPA (Defense Advanced Research Projects Agency) is seeking rapid develop of technologies to support the foundation for an integrated lunar infrastructure.

The Independent UK

Reluctant banks are partly to blame for the UK’s housing crisis – but alternative lenders offer a way forward

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Barchart

Institutional Traders Go Contrarian on Kimco Realty (KIM). Should You?

Although the consumer economy has faced tremendous pressures, institutional traders appear bullish on Kimco Realty. Should retail investors follow the move in KIM stock?

Evening Standard

OPINION - If it’s hurting, it’s working, but it still sucks

At about 10:45 this morning I turned to Jonathan Prynn, the Standard’s business editor, and asked what he made of the latest purchasing managers’ index (PMI) numbers. His answer was unprintable. In fairness, at fifteen minutes to deadline, I picked a bad time to bother him. But Jonathan is hardly…

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news in one place.

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The Guardian - UK

Tell us: how is your life affected by working in the UK’s gig economy?

We want to speak to workers on zero-hours contracts in the UK about their experiences of insecure employment

The Guardian - UK

Srettha Thavisin: the real estate tycoon turned Thai prime minister

Businessman has no experience in government, but Pheu Thai says his industry past means he can help boost economy

Radio France Internationale

No explanation after China's Xi Jinping misses key speech at Brics summit

Chinese President Xi Jinping unexpectedly skipped a speech he'd been due to give at the Brics summit in South Africa – instead sending his commerce minister to speak about the strength of the Chinese economy and to denounce wealthy nations who seek to contain the growth of developing ones.

The Independent UK

Residents in southern Syria raid ruling party offices, block road as protests over economy intensify

Angry protesters have raided the local offices of the ruling Baath party in a southern Syrian province

France 24

Zimbabwe's economic woes: Hyperinflation, a currency slump and high unemployment

As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many…

The Independent UK

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth

The Guardian - UK

Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – as it happened

She made the comment in response to repeated claims she is neglecting her duty as an MP

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