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The Latest Breaking News from Economy

Jump on this bandwagon: India’s ethanol push gathers speed as it transforms energy security and rural economy

Ethanol, a renewable biofuel, has become integral to India's transport fuel strategy. India achieved ten percent blending ahead of schedule in 2022 and is expanding its use. This program has generated significant payments for farmers and reduced crude oil imports. Flex-fuel vehicles and expanded retail infrastructure are key to the…

The Economic Times

Can common debt fix Europe’s growth problem? MEPs debate in The Ring

In this week’s episode of The Ring, EU lawmakers Markus Ferber and Pasquale Tridico clash over whether common debt is the answer to Europe's stagnant economy and weakened competitiveness.

Euronews

China's Economy Just Posted Its Slowest Growth Since 2022. Experts Say Beijing May Need a Stimulus Push

According to data released Wednesday by China's National Bureau of Statistics, gross domestic product expanded 4.3% between April and June compared with a year earlier.

International Business Times

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SEC chairman suggests no-action pause could continue

In this week’s edition of Economy and Society:

Ballotpedia

Optimism on the Economy Is at a Record: Confidence in AI Capex Is Not

One of the most bullish investor surveys on record arrived with its own warning attached.

Benzinga

UK economy set to have stayed in slow lane after Iran war held back growth

Most economists are expecting GDP to have edged up by a paltry 0.1% in May, after slipping by 0.1% in April.

Evening Standard

Pay rise for parliamentary support staff revoked

A regulation that would have increased salaries for parliamentary assistants and other political support staff has been revoked, with authorities citing the weak economy as the rationale.

Bangkok Post

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Viktor Orbán is gone, but scores of public monuments show the potency of his legacy and Hungarian nationalism

When newly elected Hungarian Prime Minister Péter Magyar delivered a June 4 address to mark Hungary’s Day of National Unity, he did so facing a long stone trench known as the Monument of National Unity. The memorial pays homage to the Treaty of Trianon in 1920, which formally ended Hungary’s…

The Conversation

What Is the Bab el-Mandeb Strait? Why Iran's Latest Threat Could Shake the Global Economy

The Bab el-Mandeb Strait, often called the "Gate of Tears," has emerged as one of the world's most closely watched waterways after Iran and its Houthi allies signaled it could become the next major flashpoint in the escalating Middle East conflict.

Latin Times

China’s economy grows at 4.3%, one of its lowest rates on record

Worse-than-expected figures for three months to June come amid concerns over lopsided economy

The Guardian - UK

The EU wants smarter, tech-forward lawmaking. Experts say it's not enough

Brussels wants simpler rules and smarter tools. But with vague timelines, broad urgency loopholes and understaffed capitals, the overhaul may not deliver.

Euronews

Energy inflation and regional divides weighing on UK living standards – OECD

The OECD said it was important to keep up the momentum with policy reforms for the pro-growth agenda to be successful.

Evening Standard

Rise in energy and petrol prices due to Iran war holding back UK economy, OECD warns

The economic body has urged the Government to accelerate its pro-growth agenda and tackle regional divides

The Independent UK

China's economic growth hits slowest pace in more than three years

China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.

Euronews

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The Economic Times

Indian-origin LuLu Group chairman gets Kuwait's first 15-year Golden Residency permit

Kuwait launched its new 15-year Golden Residency program for investors. Yousuf Ali Moussally became the first recipient of this new residency. This initiative aims to boost the nation's investment environment and economy. Eligible applicants include investors and senior management with specific investment criteria. The program seeks to attract long-term foreign…

Euronews

Sudan's war economy fuelling 'self-perpetuating' conflict, UN human rights office says

OHCHR called on the parties to the war, and corporations involved in the value chain of Sudanese commodities, to ensure compliance with international law.

The Economic Times

Global Market: China Q2 growth slows to 4.3% yoy; Asia, metals stocks likely to remain volatile

China's economy grew 4.3% year-on-year in the second quarter, missing market expectations and marking its slowest pace since late 2022. The weaker-than-expected growth, driven by soft domestic demand despite resilient exports and industrial production, could keep Asian equities and metal stocks volatile as investors assess the outlook for China's economy…

MyLifeXP

Why Poland Thinks Only Modi Can Influence Putin

In global politics, very few leaders can speak to both sides of a conflict without being seen as biased. That is exactly why Poland's Deputy Foreign Minister has placed Prime Minister Narendra Modi in a unique position in the Russia-Ukraine war. His remarks have sparked a fresh debate across the…

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The Economic Times

China's Q2 GDP growth cools to 3-1/2-year low, structural imbalances complicate policy

China's second-quarter economic growth slowed to its weakest pace in over three years. Official data revealed a 4.3% annual rise, missing analyst expectations and government targets. Industrial output showed strength while retail sales saw some improvement last month. However, property sector investment and broader investment remained under pressure. Lingering structural…

The Independent UK

China's economy slows to 4.3% annual pace of growth in April-June

China has reported its economy grew at a 4.3% annualized pace in the April-June quarter, slowing from its strong 5% start for the year

The Conversation

Workers are changing jobs less often. Here’s why that matters for the economy

The share of Australian workers who change employers in a given year has decreased a lot. In fact, this rate has more than halved since the 1970s, according to official statistics.

Bangkok Post

Ministry seeks to bridge economies at global summit

Thailand will champion its role as a "connected economy", helping to bridge a fragmented world at this October's International Monetary Fund-World Bank Annual Meetings, says Finance Minister Ekniti Nitithanprapas.

The Independent UK

Rachel Reeves says ‘no alliance’ more important than with the EU in likely last major speech as chancellor

Ms Reeves also said Britain’s economy had ‘beaten the odds’ under her stewardship

GamesRadar

Embark slaps Arc Raiders dupers with bans and drains their vaults: "Suspensions for the severe cases, particularly, where exploit usage had a significant impact on the in-game economy"

Arc Raiders dupe exploits continue to shake the economy

The Economic Times

India-UK CETA, not quite the king's ransom expected from a landmark trade deal

Under the India-Britain CETA, Indian exporters could tap into new market avenues, with Britain's Department of International Trade predicting significant growth in trade by 2040. Nevertheless, small export businesses may struggle with adherence to British regulations. Additionally, this agreement may restrict India's policy-making abilities concerning critical development aims, igniting worries…

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