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The Latest Breaking News from Economy

‘Dr. Doom’ Nouriel Roubini says Trump is more likely to lead to stagflation—a fate worse than recession

“The combination of trade, currency, monetary, fiscal, immigration, and foreign policy of Trump poses much higher risks of stagflationary outcomes than if Kamala Harris is elected,” said economist Nouriel Roubini.

Fortune

Malaysia could reach high-income status by 2028, World Bank says

Southeast Asian economy on track to reach milestone within four years after 2024 growth forecast raised to 4.9 percent.

Al Jazeera

This is the future for Kamala Harris: unless she solves this economic mystery, Trump wins

She is losing the tussle between head and heart. The economy is better than it has ever been, but ordinary people don’t feel it, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

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China's Central Bank Says Opens Up $70.6 Bn In Liquidity To Boost Market

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

International Business Times

Yes, nature is complex. But saving our precious environment means finding ways to measure it

Nature loss directly threatens half the global economy. The rapid destruction of biodiversity should alarm the many Australian businesses dependent on nature, such as those in agriculture, tourism, construction and food manufacturing. Yet nature considerations are often ignored in business decision-making.

The Conversation

Flexible working and paternity leave: What you need to know about the Government’s new Employment Rights Bill

There are 28 separate changes in the Employment Rights Bill

The Independent UK

Dollar Climbs With T-note Yields

The dollar index (DXY00 ) Wednesday rose by +0.33% and posted a 1-3/4 month high. Strength in T-note yields Wednesday was supportive of the dollar. Also, positive comments from Fed Vice Chair Jefferson boosted the dollar when he said the US economy is growing at a "solid pace." In addition,...

Barchart

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Hurricane Milton's Potential Impact On US Economy

Hurricane Milton's projected impact on the US economy includes job losses, reduced GDP, and disruptions in various sectors.

Top News

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International Business Times

German Govt Sees Economy Shrinking Again In 2024

The German government slashed its 2024 forecast Wednesday for Europe's largest economy, saying it will contract for a second straight year before a recovery gets under way in 2025.

The Independent UK

Germany's economy is on track to shrink for a second straight year

Germany's government says the country’s economy is on track to shrink for a second consecutive year

The Guardian - UK

Chinese stocks suffer worst fall in 27 years over growth concerns

Investors disappointed after hoped-for policy plans by Beijing to stimulate economy failed to materialise

The Guardian - US

Trump is falsely blaming Harris for high prices. His plans will cause huge inflation

The pandemic, Russia-Ukraine war and corporate price-gouging have all contributed to inflation – not Kamala Harris

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The Guardian - UK

Wednesday briefing: Inside Labour’s plan to move the fiscal goalposts – and tackle debt

In today’s newsletter: Rachel Reeves calculates that changing debt rules could help boost the UK economy, but what does it really mean?

International Business Times

Mozambique Elects New President In Tense Vote

Mozambique votes for a new president, governors and members of parliament on Wednesday as jihadist violence stalls natural gas projects that could bring a major boost to its morose economy.

International Business Times

The US Economy Is Solid: Why Are Voters Gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

The Conversation

Is sustainable development possible? Only if we take a unified approach

With this year’s annual United Nations Framework Convention on Climate Change Conference of the Parties (COP29) summit set to take place in a little over a month in Azerbaijan, the world’s attention once again turns to climate change, resource security and the goals of sustainable development.

Barchart

Dollar Posts Modest Gains as T-note Yields Strengthen

The dollar index (DXY00 ) Tuesday rose slightly by +0.02%, supported by higher T-note yields. Also, hawkish Fed comments supported the dollar. New York Fed President Williams said the Fed is "well positioned" to pull off a soft landing for the US economy, and St. Louis Fed President Musalem warned...

AAP

Schools stoush rages on as teachers demand more funding

The teachers' union is calling for a ban on the implementation of a new schooling model until the federal government lifts its share of public school funding.

The Guardian - UK

Reeves to press ahead with plans to borrow billions for investment

Exclusive: Chancellor’s plan to change rules to allow more borrowing comes as cost of government debt rises

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