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The Latest Breaking News from Economy

A ‘grand slam’ jobs report could shift the Fed’s rate cut plans

“They don’t really need to be in a rush right now,” Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management, told Fortune.

Fortune

Middle East crisis and impact on UK economy ...The Standard podcast

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Evening Standard

President Biden Celebrates Strong Jobs Report With 250,000 New Jobs

President Biden shares positive news on U.S. economy with 250,000 new jobs in September and unemployment at 4.1%.

Top News

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This week’s jobs numbers are very good news for Harris and Biden

Jobs numbers blow past expectations as US economy adds 254,000 jobs

The Independent UK

September Jobs Report Shows Strong Economic Expansion

September employment report shows a significant increase in job numbers, indicating a positive trend for the economy.

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Federal Reserve's Rate Cut Impact May Take Months To Materialize

The Federal Reserve's recent rate cut may take time to impact the economy, with future cuts dependent on labor market conditions.

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Hong Kong Stocks Bounce As Middle East Fears Boost Crude Again

Buyers were back in the driving seat in Hong Kong after retreating on Thursday for the first time since Beijing last week unveiled a raft of economy-boosting measures that have brought investors flooding back to the market.

Latin Times

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Israel's Economy Resilient Amid Escalating Conflict

Israel's economy faces strain amidst escalating tensions and conflict in the Middle East.

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Keir Starmer defends Chagos Islands deal after Boris Johnson accuses Labour of ‘sheer political correctness’ – as it happened

PM says deal ensures continuation of UK-US military base on the islands and has been welcomed with ‘warm words’ by US

The Guardian - UK

Friday briefing: What the end of Port Talbot steelworks says about Britain’s green energy transition

In today’s newsletter: The end of coal, steel plants facing closure – how the UK is trying to build a post-fossil fuel economy

The Guardian - UK

Today, with our £22bn pledge for carbon capture, Labour’s green revolution for Britain begins

Revitalising the country’s industrial heartlands and creating decent, well-paid jobs is at the heart of our mission, says chancellor Rachel Reeves

The Guardian - UK

How will Trump’s plans to deport undocumented migrants impact US economy?

Studies show Trump policies would cause ‘significant tightening in the already-tight job market’, hurting many sectors.

Al Jazeera

Lebanese Economy Minister Condemns Israel's Offensive In Lebanon

Lebanese Economy Minister Amin Salam expresses grave concerns over the impact of Israel's offensive in Lebanon, highlighting the escalating proximity of at...

Top News

Nature 'taken for granted' sparks calls for change

Environmentalists, insurers and industry groups have aligned to warn Australia must address biodiversity loss to meet global promises and protect the economy.

AAP

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International Business Times

Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

Latin Times

Close to 3 Million People Could Lose Deportation Safeguards With Trump's Immigration Plan

Such a figure could have devastating effects on the U.S. economy, according to a new Bloomberg report

Radio France Internationale

Bumpy road as Ethiopia struggles with electric vehicle revolution

Ethiopia this year became first country in the world to ban imports of petrol and diesel vehicles – marking a dramatic shift towards electric ones. The bold move aims to boost the economy and protect the environment, but it also faces significant challenges in a nation where only half the…

The Guardian - UK

‘It used to be a farm – now it’s a mall’: how El Salvador’s crisis-hit coffee producers are trying to adapt

Coffee once drove the economy but war, migration, climate and disease crippled the industry. Now, a new generation with women at the fore is focusing on quality as the answer

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The Guardian - UK

The Tories are deluded to think they’ll be back in power in 2029. Here are three economic reasons why

Labour’s squandering of its political capital has given hope to the right. But Britain’s voters want a leftwing agenda, says Guardian economics editor Larry Elliott

The Guardian - UK

‘Very serious’: Bank of England governor warns of Middle East oil shock risk

Exclusive: Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive

The Independent UK

Stock market today: Asian shares are mixed and the yen slips against the dollar

Asian shares are mixed after U.S. stocks edged higher toward recent record levels

AAP

Hybrid vehicles in fast lane, as petrol cars slow down

Australians are buying fewer new cars as the economy bites but hybrid vehicles are bucking the trend, sales figures have revealed.

The Independent UK

Harris now tied with Trump on who voters think will best handle inflation

Polling by the Cook Political Report Swing State Project, released on Wednesday, shows the Democrat has closed a six-point gap on the issue, which her Republican rival led her on in August

Al Jazeera

US dockworkers press on with second day of strike, with no deal in sight

US President Biden urged for a quick deal to end the standoff, which threatens to drain billions from the US economy.

StockNews.com

3 High Dividend Yield Stocks to Boost Your Portfolio This Fall

Amid mixed economic projections, investing in high-dividend yield stocks could be ideal for investors, as they offer regular income along with capital appreciation prospects. Hence, fundamentally sound high dividend yield stocks International Seaways (INSW), Buckle (BKE), and Movado Group (MOV) could be ideal buys to boost your portfolio this fall.…

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