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The Latest Breaking News from Economy

Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says

The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu Kyi

The Independent UK

Ghanaians give ex-president Mahama a chance to eclipse his shaky legacy

Honeymoon period will be short as John Mahama tries to fix economy, seen as a huge factor in election

The Guardian - UK

Bank chief doubts trade-war risk will cancel Christmas

The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.

AAP

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US inflation likely edged up last month, though not enough to deter another Fed rate cut

Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago

The Independent UK

China's Leaders To Chart Economic Plans For 2025: Report

China's leadership will gather Wednesday to hammer out plans to boost the economy next year, reports said, as they look to address weak domestic demand and the possibility of a deepening trade war with the United States.

International Business Times

3 Payment Processing Stocks Fueling Global Commerce

Payment processing stocks have become vital drivers of the global economy, enabling businesses to handle billions of transactions daily. Therefore, it might be wise to consider three payment processing stocks, American Express (AXP), Visa (V), and Mastercard (MA), for those seeking long-term growth. Continue reading….

StockNews.com

Biden says Trump dismantling ‘strongest economy in modern history’ would be a ‘major mistake’

Biden cautioned Trump against gutting his signature accomplishments and imposing tariffs

The Independent UK

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President Biden Optimistic About Strong Economy Under Trump Administration

President Biden's optimistic outlook on the economy under the new administration and the importance of bipartisan cooperation for continued progress.

Top News

'Head in the sand': Labour will not give estimate of Brexit's economic impact

Labour have been accused of “hypocrisy of the highest order” for saying they will not undertake analysis of the economic impact of the UK…

The National (Scotland)

Recycled racks and spare part servers: Amazon reveals major data center sustainability push

Data centers are notoriously energy guzzling, but Amazon is reducing, reusing, and recycling to hit sustainability goals.

TechRadar

Russia has disciplined 30,000 soldiers for corruption this year

Russia has fired hundreds of soldiers for a “loss of trust” as the country’s economy wanes during the drawn-out battle in Ukraine.

Fortune

One year on: How Javier Milei’s shock measures are reshaping Argentina’s economy

The radical populist hopes to profit from his bromances with Donald Trump and Elon Musk

The Independent UK

Hong Kong, Shanghai Rally On China Optimism As Seoul Rebounds

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.

International Business Times

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International Business Times

President's Push To Scrap Gold Mining Ban Causes Outcry In El Salvador

El Salvador's gang-busting strongman President Nayib Bukele has set out on a new mission: to kickstart his country's sputtering economy by inviting back the mining companies that were barred seven years ago.

The Guardian - UK

Keir Starmer says Saudi Arabia trip fulfils ‘number one mission’ to grow UK economy

PM defends ties between two countries and says he will be able to raise concerns about Saudi government’s human rights record

Cycling Weekly

Even if you ride a lot, here's why you shouldn't skip leg day at the gym

Think your legs get enough exercise? A little gym time can unlock big strength and performance gains.

The Conversation

Ghana’s president John Mahama makes a comeback – what lies ahead

John Dramani Mahama, Ghana’s incoming president, has won a chance to rewrite his legacy. He was voted out of office in 2016 by what was then the highest margin in the post-independence history of the west African nation amid corruption scandals and an energy crisis that had crippled the country.

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Barchart

Dollar Slips on Yuan Strength as China Signals More Stimulus

The dollar index (DXY00 ) today is down by -0.14%. The dollar is under pressure today from strength in the yuan after Chinese leaders signaled it will expand fiscal spending and ramp up “extraordinary policy adjustment” to boost the economy. Also, an unexpected decline in US Oct wholesale sales was...

RideApart

NYC Wants To Make You License and Insure Your E-Bike, Sounds Like a Cash Grab

If you rely on an e-bike in any way—you ride one, your business employs people who ride them, your takeaways are delivered atop an e-bike—you might be about to get screwed by the NYC Council. The NYC Council has proposed a bill that would require license plates and registration in the city…

Evening Standard

Starmer has economy as top priority on Saudi trip amid human rights concerns

Sir Keir Starmer was meeting Mohammad bin Salman on the latest leg of his Middle East trip.

Top News

China Pledges Support For Economy Amid Tariff Threats

China's leaders announce shift to active fiscal and loose monetary policies to support slowing economy amidst tariff threats.

Barchart

Stocks Set for Muted Open as Investors Await U.S. Inflation Data

December S&P 500 E-Mini futures (ESZ24) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.14% this morning as investors looked ahead to the release of U.S. inflation data later in the week, which will be scrutinized by Federal Reserve officials before their final meeting this year.

The Independent UK

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

China's top leaders have pledged to loosen monetary policy and provide more support for the slowing economy

International Business Times

China's Leaders Vow More 'Relaxed' Monetary Policy In 2025

Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year.

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