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The Latest Breaking News from Economy

India plans no more funding for Sri Lanka as IMF talks progress - sources

India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreement with the IMF.

Reuters

White House says tentative deal reached to avoid rail strike

"The tentative agreement reached tonight is an important win for our economy and the American people," President Biden said.

Axios

Biden approval rating jumps up to 45%

Poll shows economy continues to be a source of weakness for the president

The Independent UK

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German economy minister sees possible victory for democracy in Ukraine

German Economy Minister Robert Habeck said on Thursday he could see the possibility of victory for democracy in Ukraine and vowed to send more weapons as the country battles to extend its territorial gains against Russia.

Reuters

German economy minister: Ukraine says it needs 350 billion dollar for reconstruction

German Economy Minister Robert Habeck said on Thursday Ukraine needs 350 billion dollars for reconstruction, according to Kyiv's own estimates.

Reuters

Circuit Chief: F1 Unlikely to Return to Malaysia Anytime

Formula One is unlikely to return to Malaysia anytime soon as the government focuses its efforts on rebuilding the economy from the ravages of the coronavirus pandemic, the circuit's boss said. Azhan Shafriman Hanif, chief executive of the Sepang International Circuit which used to host the race, told reporters in…

Asharq Al-Awsat

Biden's tight spot: a union backer out to avert rail strike

President Joe Biden believes unions built the middle class

The Independent UK

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Biden approval rises sharply ahead of midterms: AP-NORC poll

President Joe Biden’s popularity has improved substantially from his lowest point this summer, but concerns about his handling of the economy persist

The Independent UK

New Zealand avoids recession as eased Covid measures help spur 1.7% GDP growth

After a decline in the previous quarter, the economy rebounded on the back of spending on travel and recreation

The Guardian - AU

Australia’s unemployment rate rises slightly from 3.4% to 3.5% as more people seek work

Labour market figure will be watched by economists as a guide to Reserve Bank’s decision on whether to further raise interest rates

The Guardian - AU

10 Questions with Scott Bullock, principal at Newcastle College

Mr Bullock is the latest business leader to answer our questions

Birmingham Post

Unemployment rises for the first time in 10 months despite continuing jobs boom

Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.

ABC News

KEX unveils green initiatives and goals

Leading express delivery service provider Kerry Express (Thailand) or KEX announced sustainability initiatives and goals under the "Green Economy Strategy", which focuses on net zero carbon emissions by 2065.

Bangkok Post

Railroads and unions reach deal to avert devastating strike, keeping America's trains and the economy on track – for now

Most Americans may not appreciate the central role that private railroads play in supporting the U.S. economy and their everyday lives. Recent fears of a railroad strike may have changed that.

The Conversation

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The Hindu

New Zealand is open for all and we want to restart post-COVID relation with India, says Minister

The immediate focus of her country is to restart the economy and re-establish valuable international links across the world, says Meka Whaitir

Benzinga

This Political Ad Conglomerate Offers Steady Dividends And Wall Street Analysts Are Bullish

Since October 2021, the communications sector has been lagging behind the S&P 500, and is down roughly 34% year-to-date, as of Sept. 9. As the economy braces for a potential recession, TV station operators hope to generate revenues through advertisers and subscribers.

Benzinga

Bernstein Downgrades CSX, Union Pacific As Amtrak Cancels Trains And Railroad Strike Looms

U.S. railroad companies could be just days away from a major strike that could cost the U.S. economy more than $2 billion per day. Strike or no strike, one analyst said Wednesday that railroad stocks have limited upside from current levels in a challenging environment.

Benzinga

While Supply-Chain Kinks Remain, These 3 High Yield Air Freight And Logistics Stocks Ready To Take Off

With supply chain issues negatively impacting the global economy, it should come to no surprise that the industrials sector has been trading close but better than the overall S&P 500, as the sector is down 10.3% year-to-date, as of Sept. 9.

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Tribune News Service

Crop, car shipments set to halt on US rail strike threat

U.S. railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world’s biggest economy more than $2 billion a day.

Axios

New survey: CEO optimism down, not out

The Business Roundtable's closely-watched survey shows Corporate America is getting increasingly cautious about the economy.

Edinburgh Live

Edinburgh Street Assist desperately raising money for new patient transport

Street Assist work to keep members of the public safe during the night time economy hours of the weekends and their service often takes pressure off of stretched emergency services like the police and ambulance services.

Tribune News Service

2 Georgia Republican candidates, two different views on economy

ATLANTA — U.S. Senate hopeful Herschel Walker paints a bleak picture of the economy: soaring inflation, high taxes and wasteful government spending. But listen to Gov. Brian Kemp and a far different image emerges, one where jobs are being created and investment is flourishing.

Asharq Al-Awsat

Digital Bank Wio Launches in UAE

State-backed digital bank Wio announced Tuesday its official launch in the United Arab Emirates, becoming the first platform bank in the region. This step aims to transform banking operating models towards a more digital future. It comes in line with the UAE’s Digital Economy Strategy that aims to double the…

France 24

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

Reuters

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

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