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The Latest Breaking News from Economic Growth

Getting rid of fossil fuels is really hard – and we’re not making much progress

If miners, the media, policymakers and renewable energy companies are to be believed, Australia is in the midst of a green energy transition aimed at preventing the worst effects of climate change.

The Conversation

Trump Touts 'Incredible' Tariff Strategy After Congressional Budget Office Projects $4 Trillion Deficit Cut, Even As Economists Warn Of Slower Growth

On Friday, President Donald Trump celebrated a Congressional Budget Office report projecting that his sweeping tariffs will reduce U.S. deficits by $4 trillion over the next decade, even as analysts caution the levies could weigh on economic growth and face legal challenges.

Benzinga

Amazon Shares Pop As Powell Signals Looming Rate Cuts Amid Cooling Labor Market

Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Friday afternoon after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts could be on the horizon as the labor market cools and economic growth slows.

Benzinga

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Kazakhstan breaks ground on first modern nuclear power plant

Kazakhstan has begun the first modern nuclear power plant project in Ulken, Almaty region, with Russia's Rosatom. This will boost economic growth and infrastructure.

Euronews

Shetland to play ‘significant role’ in driving economic growth, says John Swinney

John Swinney has said Shetland will play a “significant role” in efforts to drive economic growth ahead of his visit to the islands ...

The National (Scotland)

Shetland will play ‘significant role’ in driving economic growth – Swinney

The First Minister travels to the islands on Wednesday.

The Independent UK

Is Wellbeing Economics the only way to generate economic growth?

I WANT to dispel a huge myth about the Wellbeing Economic Approach and that is that it involves de-growth ...

The National (Scotland)

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The swagger’s gone: What the last two decades taught me about India’s fading growth dream

Because something is happening here but you don't know what it is Do you, Mr. Jones?– Bob Dylan, Ballad of a Thin Man, Highway 61 Revisited, 1965. I was offered my first job in Mumbai on a very rainy day in September 2005, a few weeks after we had celebrated the…

Newslaundry

UK economic growth slows amid pressure on business and Trump trade war

The figure was stronger than the 0.1 per cent level widely expected by economists

The Independent UK

Why the UK’s bank ringfencing doesn’t need large-scale reform

Rachel Reeves would do well to drop her ‘boot on the neck’ inflammatory language and err on the side of caution

The Guardian - UK

Politics with Michelle Grattan: Jim Chalmers wants roundtable to ‘crack open’ the challenge of slow housing approvals

The Reserve Bank’s rate cut this week will help relieve many mortgage holders, but it wasn’t all positive news from the bank. It also underscored the serious productivity and economic growth challenges facing the Australian economy.

The Conversation

Real wages boost for workers, but costs might worry RBA

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

AAP

Australia's central bank cuts interest rate for third time this year to 3.6%

Australia’s central bank has reduced its benchmark interest rate by a quarter percentage point for a third time this year to 3.6%, with inflation tamed and economic growth stalling

The Independent UK

Trump is losing his foolish trade war. This will cost ordinary Americans greatly

Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter

The Guardian - US

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The Independent UK

Voices: Like Sadiq Khan, I’m a Heathrow nimby – here’s what I’d really like to do to the airport…

COMMENT: Any model of economic growth that depends on ever-increasing air travel is one that is not worth having, argues John Rentoul

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

The Independent UK

Voices: Poll of the day: Do you support the expansion of Heathrow Airport?

Plans for a third runway at Heathrow have reignited debate, with supporters citing economic growth and critics warning of environmental harm and regional imbalance

Barchart

Stock Index Futures Plunge on Trump’s Tariffs & A Weak US Jobs Report

September S&P 500 E-Mini futures (ESU25) are down -0.93%, and September Nasdaq 100 E-Mini futures (NQU25) are down -1.03% this morning as U.S. President Donald Trump’s sweeping import tariffs fueled concerns about the outlook for economic growth.

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The Guardian - UK

Why is Heathrow’s third runway back on the agenda?

Plans submitted as big infrastructure projects form heart of UK government’s strategy to kickstart economic growth

International Business Times

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

The Guardian - UK

Time over for banker remorse? Labour must beware relying on the City for economic growth

Financial crisis of 2008 should not be forgotten as reinflation of banking industry could hurt other priority sectors

The Independent UK

US-China trade talks: Can China reduce its export dependence?

China's reliance on exports for economic growth will be a key topic in U.S.-China trade talks this coming week in Stockholm

Barchart

Crude Prices Rise as Progress in Trade Talks Supports Energy Demand

September WTI crude oil (CLU25 ) on Thursday closed up +0.78 (+1.20%), and September RBOB gasoline (RBU25 ) closed down -0.0127 (-0.61%). Crude oil and gasoline prices on Thursday settled mixed. Crude oil found support on signs of progress in trade talks, which could support economic growth and energy demand....

Barchart

Progress in Trade Talks Supports Energy Demand and Crude Prices

September WTI crude oil (CLU25 ) today is up +0.73 (+1.12%), and September RBOB gasoline (RBU25 ) is down -0.0145 (-0.69%). Crude oil and gasoline prices today are mixed. Crude oil is finding support in signs of progress in trade talks, which could support economic growth and energy demand. Also,...

The Guardian - UK

Why City deregulation plans will backfire on Rachel Reeves

Letters: Readers respond to the chancellor’s proposals to cut red tape in the hope of boosting economic growth

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