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The Latest Breaking News from Economy

What is inflation and what is its current rate in the UK and Europe?

Slowdown in price rises comes as somewhat of a relief to families struggling amidst cost of living crisis

The Independent UK

Indonesia's leader says it can join leading economies by 2045 if it continues educational reforms

Indonesia’s president has urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045

The Independent UK

China deflation: why are prices going down?

Beijing denies it is in a ‘deflation’ but figures suggest economic struggle

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Russia’s ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

China's economic woes keep getting worse. Here's why

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

WEKU

Stock market today: Asia shares decline as faltering Chinese economy sets off global slide

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

The Independent UK

China is hiding more and more data from the rest of the world

BEIJING: China’s abrupt decision to pause releasing data on its soaring youth jobless rate this week was the latest sign the Asian giant is increasingly restricting sensitive information — especially when it’s unflattering to the nation’s faltering economy.

The Times of India

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New data reveal US space economy's output is shrinking – an economist explains in 3 charts

The space industry has changed dramatically since the Apollo program put men on the moon in the late 1960s.

The Conversation

China’s Central Bank Takes Surprising Step As Economy Falters

The rates for the People's Bank of China's one-year medium-term loan facility were unexpectedly cut by 15 basis points to 2.5%.

Zenger

Onus is on opposition parties to isolate ‘communal’ BJP, says D.V.V.S Varma

Speaking at a round-table conference organised by a civil society organisation Asra, here on Tuesday, he contended that ‘‘Manipur is burning due to the divisive politics played by the BJP and its governments at the Centre and the State. The saffron party is aggravating the age-old ethnic tensions in that…

The Hindu

Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

The Independent UK

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Markets Today: Stocks Tumble on Chinese Economic Concerns

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.68%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.65%. Stock indexes this morning are moderately lower. Concern that China’s faltering economy will drag down global growth is weighing on stocks after China reported disappointing...

Barchart

Interest rate hike just a sticking plaster for Russia’s war-fuelled economic woes

Further tough decisions will be needed while the Kremlin continues to spend large sums on its Ukraine invasion

The Guardian - UK

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Fortune

China wants people to stop talking about its terrible economy

21.3% of those aged between 16 and 24 were unemployed in June, and July's figure was likely to have been even worse.

The National (Scotland)

Scottish unemployment figure up but below UK average

Scotland’s unemployment rate has jumped to four per cent as new figures showed a rise in the number of people out of work.

Evening Standard

UK economy defying the ‘moaners and groaners’, Legal & General chief says

Legal & General boss Sir Nigel Wilson decried the levels of “moaning and groaning” about a UK economy that has proved more resilient than expected over the past 18 months.

Evening Standard

Pandora UK: Bringing back VAT-free shopping could bring boost to retail sector

Jewellery chain Pandora has over 200 shops in the UK, including 13 in London

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The Independent UK

Modi says India's economy will be among the top three in the world within five years

Prime Minister Narendra Modi says India’s economy will be among the top three in the world within five years

Newslaundry

Vishwakarma scheme, economy, Manipur: Key takeaways from Modi’s Independence Day speech

With the Red Fort’s ramparts missing the usual heavy floral decorations this time, Prime Minister Narendra Modi began his Independence Day speech by referring to citizens as his “parivarjan” (family members), instead of his usual “mere pyaare deshwaasiyon” (my beloved countrymen).

The Guardian - AU

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

Opposition refers minister to Ibac – as it happened

This blog is now closed.

The Guardian - AU

Peter Dutton rejects proposed Matildas public holiday as ‘stunt’ and ‘ego trip’ for Anthony Albanese

Opposition leader says holiday could cost economy $2bn and promises $250m in community sports grants instead if elected

Fortune

BlackRock expects economy to ‘flatline’ for a year before inflation returns in 2024. Get ready for a generational shift to ‘full-employment stagnation’

BlackRock Investment Institute warns that we’re in the weakest period of growth “in the postwar era outside the Global Financial Crisis.”

The Independent UK

Russia’s rouble sinks to 16-month low amid invasion of Ukraine

Country’s central bank will hold a meeting on Tuesday to discuss the level of its key interest rate in the wake of the fall in the value of the currency

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