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The Latest Breaking News from Economy

Russian rouble drops to 16-month low as economy suffers amid Ukraine war

The rouble has lost about quarter of it value against the dollar since Russia invaded Ukraine last February

Evening Standard

What is London’s pitch to the world?

City Voices: Being an economic powerhouse isn’t what makes London one of the world’s best cities. It’s the other way around.

Evening Standard

Inflation vs. deflation: which is worse for national economies?

As sky-high inflation may finally be coming down for many major economies, falling prices and lacklustre growth in China are stoking fears of a deflationary spiral.

The Week

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

Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low

Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy

The Guardian - UK

Country Garden's troubles are just the latest piece of bad news for China's flailing economy

The damage to China's economy from the real estate crisis has already been done.

Fortune

Bad summer weather has dampened the London economy

City Comment: Hopefully there’ll be a last blast of warm sunshine to at least partially make up for the lost weeks

Evening Standard

Women officers in diplomatic service

RANCHI: The greatest joy that citizens of any nation can have is when one represents the country internationally -- be it in sports, culture, economy or diplomacy. This pride is shared by many women in all spheres, including diplomacy, where the country looks forward to playing its role in shaping…

The Times of India

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Alarm over sharp fall in London business growth

London’s powerhouse economy is starting to feel the impact of successive interest rate rises but remains thefastest growing in the UK, a new survey reveals today.

Evening Standard

Countryside business boom as almost 100,000 new rural firms launched

The countryside economy was in ‘good health, generating billions for the economy and supporting millions of jobs’, experts said.

The Independent UK

Proportional representation system need of the hour in India: Parakala Prabhakar

Political economist Parakala Prabhakar advocates proportional representation for India. He argues that FPTP system has weakened democracy, economy and secularism. He cites Farm Bills' passage and withdrawal without any meaningful debate as example. Binoy Viswam calls for electoral reforms and the right to recall non-performing MPs/MLAs.

The Hindu

‘People just want change’: political circus at Iowa state fair can’t dispel civic discontent

Presidential aspirants make the pilgrimage to Des Moines amid a sense of America as nation sunk in a political depression

The Guardian - US

Toyota Estimates 27 MPG Combined For 2024 Land Cruiser

It’s a manufacturer estimate for now, but it’s better than some of its competitors.

Motor1

Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024

The White House is taking on “junk fees,” those extra charges tacked on to plane tickets, hotel rooms, hospital bills and more

The Independent UK

Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit

Even President Joe Biden has some regrets about the name of the Inflation Reduction Act

The Independent UK

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The Guardian - UK

Trade deficit in danger of being sidelined in UK’s fight against inflation

Only serious, long-term business investment will help structural problems and inequalities

The Hindu

BJP gave RLD 'respect', any decision on forging alliance to be taken by leadership of both parties: U.P. Minister

RLD alliance with BJP in 2009 LS polls proved "advantageous" as it won 5 seats. BJP has 80% vote share in UP. Akhilesh's 2022 prediction wrong; BJP, Yogi working to make UP $1T economy. UP govt signed MoA with Tata Tech to upgrade 150 ITIs.

The Guardian - UK

Putin and Xi are the Laurel and Hardy of statesmen – but it’s no laughing matter

China’s paramount leader, like his Russian counterpart, is making a fine mess of his country’s economy and world standing

Fortune

The Chicago school economist who warned years ago of America's ‘business dynamism’ fading still sees 'something broken in the background'

Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.

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news in one place.

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The Guardian - UK

Behind the ticking time bomb – should we fear China’s slide into deflation?

China was expected to roar back into life after Covid, but its weak rebound has shocked analysts

The Independent UK

Biden's reelection bid faces vulnerabilities in wake of special counsel appointment

Democrats were already concerned about President Joe Biden’s age, his leadership on the economy and his stalled agenda in Congress

Al Jazeera

Biden’s ‘ticking time bomb’ remark referred to China’s economy: White House

US President told political fundraiser that China was ‘in trouble’ due to internal economic and social tensions.

StockNews.com

3 China Stocks Smart Money is Watching Closely

Despite a subdued and underwhelming outlook for the broader economy, fundamentally strong Chinese stocks Alibaba (BABA), Trip.com (TCOM), and Hello Group (MOMO) represent pockets of sustained growth that have courted the attention of smart money on Wall Street. Continue reading….

Fortune

A pharma company helping Elon Musk shed weight is now worth more than the entire economy of Denmark

The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.

The Independent UK

Argentines to vote in a primary election that's expected to set the stage for a rightward shift

Argentina’s national primary election Sunday won’t just help determine which candidates will be running in the country’s October presidential vote but could impact the economy even before then

The Hindu

Implementation of five guarantees has positive effect on State’s economy: CM

CM Siddaramaiah maintains guarantees positively impacting State economy, increasing GSDP. 35 crore women travelled free under Shakti bus scheme, increasing revenue. 3 guarantees implemented, 4th & 5th to come. BJP desperate, baseless allegations. Congress in power due to welfare & dev promises.

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