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The Latest Breaking News from Economy

The Chinese dream of home ownership is crumbling. The economy could go with it

TAIPEI, Taiwan — Last November, hundreds of angry homeowners in Nanchang, the capital of China's Jiangxi province, gathered on the roof of an unfinished apartment building. From their perch, they unfurled red and white banners along the outer walls and chanted demands for completion of the homes they had already…

Los Angeles Times

Taliban’s rule batters Afghanistan year after US departure

A year after the Taliban swept across Afghanistan, sparking a chaotic withdrawal of U.S. and allied forces, the country’s dire economic and human rights outlook has only worsened.

Tribune News Service

Hard graft ahead despite some relief on rail fares

Still scope for double-digit rise that would be another huge blow to London’s economy

Evening Standard

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Brazil to open South America’s first ‘digital nomad village’

Brazilian government hopes the project will boost the local economy by £30 million a year

The Independent UK

S&P 500, Nasdaq Futures Slip From Multi-Month Highs: As China's Economy Sneezes, Will Wall Street Catch A Cold?

The U.S. index futures are seen pulling back on Monday following buoyant performances in the week ended Aug. 12.

Benzinga

NLCIL exploring feasibility of creating business model for producing green hydrogen: CMD

This is in line with the Union government’s goal of creating a hydrogen economy in the country, he says

The Hindu

Afghanistan: one year on — starvation, women in hiding and children married off to pay for food

A year ago today, Afghanistan fell to the Taliban. The economy has since collapsed, child marriage is rife and women can’t work. Oliver Marsden reports from Kabul

Evening Standard

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A year on, the Taliban savor victory, while other Afghans pay the price

For the first time in decades, Afghans are living in relative peace. But with sanctions on the Taliban, the economy is in shambles and hunger is widespread. Girls are still out of school.

WEKU

Asian Shares Mixed after China Cuts Key Rate, Japan GDP Up

Shares were mixed in Asia on Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter. Tokyo and Sydney advanced while Hong Kong, Shanghai and Bangkok fell. US futures edged lower early Monday, while oil prices declined. The…

Asharq Al-Awsat

Commentary: What can cities do when bad gun laws are hurting the economy?

Bad gun laws have claimed yet another victim, but not the kind you might be thinking of. This year’s Music Midtown Festival in Atlanta was recently canceled because the organizers believed Georgia law did not allow them to prohibit firearms at the event. The cancellation might have saved lives, but…

Los Angeles Times

Oil prices drop by $5 to lowest since before Russia invaded Ukraine – as it happened

Live coverage of business, economics and markets as Chinese economy shows signs of slowdown and Institute for Fiscal Studies warns on maintaining similar level of energy bills support

The Guardian - UK

AP News Digest 3:25 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

China cuts interest rate to shore up sagging economy

China’s central bank has trimmed a key interest rate to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is believed to be trying to extend his hold on power

The Independent UK

GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

Bangkok Post

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Al Jazeera

China’s economy slows as ‘zero COVID’ drags down sales, industry

Retail sales and industrial output for July fall short of analysts’ forecasts after lockdowns stifle economic activity.

The Independent UK

Asian shares mixed after China cuts key rate, Japan GDP up

Shares are mixed in Asia after China cut a key interest rate and Japan reported its economy expanded at a faster pace in the last quarter

France 24

Afghanistan suffering ‘one of the world’s worst humanitarian crises’ under Taliban

Afghanistan has been suffering through a grave humanitarian crisis since the Taliban took control on August 15, 2021. According to the UN, 95 percent of Afghans are going hungry. It’s a catastrophe that worsened after the fall of Kabul one year ago, exacerbated by the US decision to freeze the…

The Times of India

India@75: How India became 6th largest economy in world

NEW DELHI: India toppled massive challenges ever since its independence to become the 6th largest economy in the world today.

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news in one place.

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The National (Scotland)

George Kerevan: Scotland's economy is a diverse one, despite what Unionists say

THE price of an ounce of gold is up on the year by around £200. When you have rampant inflation, investors seek to park their cash somewhere that…

The Independent UK

Japan ekes out growth as consumers splurge amid COVID surge

Japan’s economy grew at an annual rate of 2.2% for the April-June quarter from the previous quarter, as consumer spending rebounded with COVID-19 restrictions getting gradually lifted

Birmingham Post

Northern Ireland PMI: Inflationary pressures hit private sector business activity hard

"As far as the economy is concerned, storm clouds continue to gather"

The Hindu

The race of two Asian giants

China and India will shape Asia in the next decade, but likely in wary opposition to one another

The Hindu

A tryst with the past

The values envisaged by the builders of independent India need to be imbibed for sustained progress

France 24

Poverty pushing Afghan families to sell young girls into marriage

August 15 marks one year since the Taliban seized power in Afghanistan. Since then the economy has spiralled into decline and families are increasingly resorting to selling young girls into forced marriages.

France 24

Taliban failures in governance speed up Afghan brain drain (Part II)

The mass exodus sparked by the Taliban takeover compelled Afghanistan’s new rulers to issue a call for Afghans to stay and help rebuild the country. But after a year of Taliban rule, the economy is in tatters, confidence has been shattered, and Afghanistan’s best and brightest are not returning –…

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