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The Latest Breaking News from Economy

Five key issues at stake in the Zimbabwe elections

Ahead of the August 23 election, multiple issues are at stake including Zimbabwe’s long-running economic woes.

Al Jazeera

China is too big for a Soviet Union-style collapse, but it’s on shaky ground

With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden

The Guardian - UK

What next after a degree?

Simple grads face uncertain future. Universities must collaborate with government schemes, design courses tuned to market economy, build enthusiasm for research and ensure desirable companies reach out for campus placement. This will increase relevance of simple grads and create job opportunities for financial independence.

The Hindu

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There is consensus to collaborate on DPI, cybersecurity, and skilling among G20 nations: Ashwini Vaishnaw

The four-day G20 Ministers and officers meeting on digital economy concluded here on Saturday with an “absolute consensus” between member countries to collaborate and focus on three areas: Digital public infrastructure, cybersecurity, and skilling for digital technology, Union Minister Ashwini Vaishnaw has said.

The Hindu

Putin sets sights on re-election but cost of war can only grow

With defence spending booming, China onside and murky deals filling gaps left by sanctions, the Kremlin believes it can weather a damaged rouble, but will Russians stomach welfare cuts if they come?

The Guardian - UK

Labour opens huge lead over Tories among female voters

Financial insecurity is driving a 28-point gap in the polls, after decades in which the Conservatives were more trusted with the UK economy

The Guardian - UK

Indian economy shining as beacon of hope in challenging times, says PM Modi

PM Modi hails Moneycontrol's 'Bullish on India' campaign, says India's economy is shining as a beacon of hope, setting stage for optimism. Campaign seeks to analyse key drivers of India's economic growth, foster awareness of nation's potential in face of global economic slowdown.

The Hindu

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Urgent need to collaborate on digital security to contain risks: Union Minister Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw said global interconnectedness has created shared security risks, requiring urgent collaboration on digital security. India's G20 presidency has identified three priority areas: digital public infrastructure, security in the digital economy, and digital skilling. These priorities reflect PM Modi's vision of democratising technology, with UPI as a…

The Hindu

PM Modi seeks a secure digital economy

Prime Minister Narendra Modi, speaking virtually at the meeting of the G20 Ministers of Digital Economy taking place in Bengaluru on August 19, presented India’s diversity as a resource that supports testing and solution of new digital products from all over the world. He said it was necessary to build…

The Hindu

Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Fortune

The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

The Hindu

Fundamental thinking of India changed: Ashwini Vaishnaw

India's fundamental thinking has changed in last 10 yrs, leading to 1.1 lakh startups. Govt. has shifted from tech transfer to self-reliance. Vande Bharat Express is an example. Startups have raised $130B, current value $450B. Meity received 5000 applications for Global Digital Innovation Challenge, 30 chosen. #Startups #India #G20 #DigitalEconomy…

The Hindu

GERS shows 'stark evidence of UK mismanagement of Scottish economy', says report

THE latest GERS figures provide “stark evidence” of the consequences of the UK Government’s mismanagement of the Scottish

The National (Scotland)

Here’s the Real Lowdown of Ross Stores’ (ROST) Q2 Report

Although Ross Stores could be an interesting play on the consumer economy, investors need to acknowledge the real story underlining ROST stock.

Barchart

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Barchart

Markets Today: Stocks Retreat Amid China Woes and Soaring Bond Yields

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.66%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.94%, both at 2-month lows. This morning, Stock indexes are under pressure as worries about China’s economy and higher global interest rates dampen market sentiment. Stock...

Fortune

Gen Z and millennial couples say it’s too expensive to get married right now

Young Americans aren’t necessarily opposed to getting married—they just don’t think spending thousands on a wedding is smart in the current economy.

Fortune

Legendary investor Ray Dalio says China is due a debt shake-up

"China is overdue in doing this, so in my opinion, it needs to follow this beautiful deleveraging process now."

The Guardian - UK

Labour partly rows back on workers’ rights pledges

Party amends plan to bolster protections for gig economy as it boasts of ‘pro-business’ credentials

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Newcastle Herald

Kooragang project will "build the foundation" of Australia's hydrogen economy

The hub will help Orica to transition away from its use of gas.

The Times of India

RBI: India needs major reforms in food supply management

MUMBAI: India needs to adopt a sound policy on how to store perishables to shield the economy from repeated food price shocks, researchers in the country’s central bank said.

The Independent UK

Labour rows back workers’ rights pledge in latest U-turn

Commitments on precarious and gig economy workers refined by party leadership

The Guardian - UK

Labour changes wording of pledges on workers’ rights as Rayner says party is ‘far from watering down’ policy – as it happened

Deputy leader says party would legislate to improve workers’ rights within 100 days as policy forum tweaks plans for ‘day one’ rights such as sick pay

The National (Scotland)

Humza Yousaf meets Prime Minister of Iceland to discuss possible 'collaborations'

HUMZA Yousaf met with the Prime Minister of Iceland, Katrín Jakobsdóttir, on Thursday.

The Independent UK

Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yields

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney

The Independent UK

Biden’s approval rating on the economy stagnates despite slowing inflation, AP-NORC poll shows

President Joe Biden has devoted the past several weeks to talking up the positive impacts of his policies — but his efforts have yet to meaningfully register with the public

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