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The Latest Breaking News from Economy

Reeves hikes taxes by £40bn to address ‘black hole’ in public finances

Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.

Evening Standard

‘Ray of hope’: German economy grows 0.2% ending recession fears

Third-quarter rise in GDP lifts eurozone growth to 0.4% as a result of increased household and government spending

The Guardian - UK

US Economy Achieves Rare 'Soft Landing' Amid Election Uncertainty

US economy achieves soft landing with 2.8% GDP growth in Q3, driven by consumer spending and controlled inflation.

Top News

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Live: Rachel Reeves delivers tax-raising Budget

In the first Labour Budget since 2010 – and the first delivered by a woman – Ms Reeves promised to ‘invest, invest, invest’.

The Independent UK

Eurozone Economy Grows Faster Than Expected

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession.

International Business Times

The issuances would take place over three years as part of its latest fiscal stimulus measures, sources tell Caixin

Caixin Global

Trump wants you to believe that the US economy is doing terribly. It’s untrue

Despite his claims to the contrary, unemployment is low, inflation is way down, and job growth is remarkably strong

The Guardian - US

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More spending and tax hikes expected in the first budget from Britain's Labour government

British Treasury chief Rachel Reeves is set to deliver her first budget in Parliament

The Independent UK

Worries For Japan Economy After Election Shock

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.

International Business Times

Autumn budget: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools – as it happened

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties

The Guardian - UK

US economic growth slows, as Germany avoids recession and France gets Olympics boost – as it happened

Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row

The Guardian - UK

Industrial Slump Leaves Germany On Brink Of Recession

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession.

International Business Times

Botswana election: Who is in the running and what’s at stake?

Some 1 million Batswana will vote amid worries about the economy as diamond dollars fall.

Al Jazeera

US Economy's Solid Growth Unlikely To Register At Ballot Box

The US economy is set to report another quarter of solid growth Wednesday, less than a week before the presidential election, but analysts say it remains unclear if positive data can sway inflation-weary voters.

International Business Times

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The Independent UK

Germany's economy isn't growing. But its quarrelsome government can't agree on a way forward

Germany’s economy isn’t growing and the governing coalition has a lot of ideas on how to fix it

The Independent UK

US economy is believed to have grown at a solid pace again last quarter

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates

Evening Standard

Reeves pledges ‘more pounds in people’s pockets’ after warnings of tough choices

The Chancellor’s Budget is expected to focus on fixing the NHS, growing the economy and making people feel better off.

The Texas Tribune

Texas Attorney General Ken Paxton sues Biden administration over listing freshwater mussels as endangered

The lawsuit claims the endangered designation for six mussel species is a misuse of environmental law that threatens Texas’ economy.

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Fortune

We led some of America’s largest companies. Here’s why we are voting for Harris, not Trump

'We fear a second Trump term would be bad for business and the U.S. economy.'

The Guardian - US

Where do Trump and Harris stand on housing, taxes and other policies?

Polls show US voters unhappy about the economy, their top election concern. How would the presidential candidates address economic issues such as cost of living and labor?

The Independent UK

Number of US jobs open hits lowest mark in nearly four years

The number of layoffs last month also rose

Top News

Trump Delivers Prebuttal To Harris Ahead Of Election Day

Former President Trump prebutts VP Harris' speech at Mar-a-Lago, highlighting economy and border security.

The Guardian - US

To defeat Trump, Harris must talk more about the economy

US vice-president’s campaign has stalled because Americans continue to struggle with their bills despite economic growth

The Conversation

Palestine’s economy teeters on the brink after a year of war and unrelenting destruction

The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.

The Conversation

Five reasons weight-loss jabs alone won’t help get people back to work

Prime Minister Keir Starmer and health secretary Wes Streeting have recently discussed plans to trial weight-loss injections for around 250,000 people with obesity who are unemployed in a bid to get them back into work, ease pressure on the NHS and boost the economy.

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