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The Latest Breaking News from Economy

Anthony Albanese rules out banning fossil fuel projects, citing risk to Australian economy

PM says if Australia didn’t export coal there would be ‘replacement coal from other countries that’s likely to produce higher emissions’

The Guardian - AU

Russian economy bitten by sanctions

Sanctions have been effective at crippling the Russian economy.

Axios

Fed lacks systems to thwart Chinese information gathering - report

The Federal Reserve lacks adequate systems to counter a "malign" effort by China to gather inside information on the U.S. economy and monetary policy, according to a report that was prepared by Republican staff of the Senate Homeland Security Committee.

Reuters

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Tuesday briefing: The key exchanges from last night’s Tory leadership debate

In today’s newsletter: Sunak interrupted, Truss called him finely dressed – and the climate was all but ignored. Will anyone have changed their minds?

The Guardian - UK

South Korea’s economy beats growth forecasts

Asia’s fourth-largest economy grew 2.9 percent year-on-year in the second quarter.

Al Jazeera

Rishi Sunak and Liz Truss clash in first head-to-head televised debate in race to succeed Boris Johnson

The two candidates vying to replace Boris Johnson as British prime minister clash over the economy, amid warnings their in-fighting could condemn the Conservative Party to years in the political wilderness.

ABC News

Biden's juggling act: Recession optimism could backfire

"I don't think, God willing, we're going to see a recession," Biden said Monday. "I'll be surprised."

Axios

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Truss vows to limit trade unions’ ability to ‘paralyse our economy’

Liz Truss announced new measures aimed at preventing trade unions from causing disruption on strategic rail routes and other national services.

The Independent UK

Did The White House Just Change The Definition Of A Recession? Here's What Michael Burry Thinks

The White House shared a blog post explaining whether the U.S. economy was in a recession. The blog post may have changed the underlying factors of what considerations make a recession happen, something that caught the attention of noted investor Michael Burry.

Benzinga

Philippines’ Marcos Jr sets out big plans but little detail

Analysts say the president’s first state of the nation address lacks details and has notable omissions.

Al Jazeera

Tory leadership debate: Key moments from the first head-to-head between Truss and Sunak

Rivals clash over ‘Project Fear’ and economy in heated BBC appearance

The Independent UK

Fake news crackdown sees cases top 16,000

The Anti-Fake News Center (AFNC) has analysed 16,843 cases, involving 800 million messages, for fact verification since it was established in November 2019 as part of the government's fight against disinformation, according to the Digital Economy and Society (DES) Ministry.

Bangkok Post

PDPC preps further minor regulations

The Personal Data Protection Committee (PDPC) is set to roll out more subordinate regulations to clearly define the practices for Personal Data Protection Act (PDPA) compliance to ease concerns among businesses.

Bangkok Post

First Truss-Sunak Tory leadership debate: five key takeaways

The rivals did not pull their punches, on the economy or China, as they kicked off a month of debates

The Guardian - UK

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Axios

Biden: "We're not going to be in a recession"

The Commerce Department will release its initial estimate of second-quarter growth on Thursday.

StockNews.com

4 Downgraded Stocks You'll Want to Sell or Avoid Right Now

With the growing odds of the economy tipping into a recession due to an aggressive monetary policy tightening to tame the sky-high inflation, it could be difficult for fundamentally weak stocks to stay afloat. Invesco (IVZ), Kymera (KYMR), Mogo (MOGO), and Sana Biotechnology (SANA) have been recently downgraded by our…

Newsroom.co.nz

Germany is stumbling towards an uncertain future

The economic situation in Germany does not look good, its defence capacity must be rebuilt, and there are signs of polarisation in the political system, writes Oliver Hartwich

Axios

The Fed faces new political pressure as economy slows

A new op-ed from Senator Warren is a sign of the political risks ahead.

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The Independent UK

Fed set to impose another big rate hike to fight inflation

Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot

Benzinga

What Is The Russell 2000 Index And How Can Investors Use It For Profitable Trading?

The Russell 2000 Index tracks the 2,000 smallest stocks out of the 3,000 stocks in the Russell 3000 Index. The index makes up about 10% of the entire market capitalization of the Russell 3000. The Russell 2000 is managed by the FTSE Russell Group in London. Its focus on small-cap,…

Nottingham Post

Timeline outlined, economic impact - Nottingham Forest's City Ground plans set for decision

Latest Nottingham Forest news from NottinghamshireLive as Reds prepare for Premier League return

The Conversation

Dispirited homebuyers show why Fed's unprecedented fight against inflation is beginning to succeed

I’ve studied finance and financial markets since the 1970s, and I have never seen the Federal Reserve’s monetary policy get such prominent news coverage as it has this past year.

The National (Scotland)

Keir Starmer asks Gordon Brown for help with 'distinctly British' economy plans

BEING “distinctively British” is one of the five core principles which will guide a Labour government in growing the economy, Keir Starmer…

The Independent UK

Starmer ‘pragmatic’ about nationalisation amid confusion over Labour’s policy

Shadow chancellor Rachel Reeves earlier indicated the party would not take rail, energy or water companies back into public ownership.

The Conversation

Industrial policy options for southern Africa: scenarios set out possibilities and risks

There is a need to transform the underlying economic principles of the economies in southern African countries to address the persistent challenges of severe poverty and unemployment.

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