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The Latest Breaking News from Economy

Pharmaceutical giant Sanofi looks to sell consumer health unit, sparks political uproar

France's Economy and Industry ministers, Antoine Armand and Marc Ferracci, are heading to Lisieux this Monday to visit the production sites of popular headache reliever Doliprane. The visit takes place after the maker of the pill, French pharma group Sanofi, said it was in talks to sell off its consumer…

France 24

Over £60bn of pledges announced at UK’s investment summit – as it happened

Chancellor says £60bn of investment has been announced at summit, showing confidence in UK economy

The Guardian - UK

Stock market today: Asian shares gain after China says more help is needed for its slowing economy

Asian shares have started the week on a high note, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy

The Independent UK

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Shanghai Stocks Swing After Stimulus Briefing As Most Of Asia Rises

Shanghai stocks fluctuated Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other Asian markets tracked another record day on Wall Street.

International Business Times

China’s plan to boost flagging growth is the very definition of economic insanity

For the fourth time in 16 years, ‘bazooka’ stimulus aims to reset the economy – but China’s problems demand structural solutions

The Guardian - UK

Labour’s challenge is complicated by the triumph of finance. That’s bad news for UK plc

To get the necessary investment, Labour must bring the financial sector onboard while diluting its often malign influence

The Guardian - UK

Jobs market on display as inflation picture brightens

Employment data for September is the main event on this week's economic calendar, pointing to the state of Australia's job market and wider economy.

AAP

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China's rate cuts may actually worsen the economy

China's financial system is aimed mainly toward the supply side of the economy.

Fortune

Migrants Not Grabbing Black, Hispanic Jobs As Trump Claims, And They Boost Economy: Report

Economists say his mass deportation plan would cost $1 trillion and send the costs of food and other basic items soaring

International Business Times

Calls for investigation of Uber Eats and Deliveroo after raid on Bristol caravan camp

Migrant workers accuse Home Office of targeting the victims of labour exploitation rather than companies profiting from them

The Guardian - UK

Analysts Warn More Detail Needed On New China Economic Measures

Analysts gave a cautious welcome to China's announcement Saturday of fresh fiscal stimulus to revive its ailing economy but warned that more details -- and specific headline figures -- were needed before its effect could be fully assessed.

International Business Times

China Considers Incremental Measures To Boost Sluggish Economy

Chinese government considers incremental measures to stimulate economy amidst post-COVID challenges.

Top News

China's finance minister says there is room for more economic stimulus but offers no plan

China's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday

The Independent UK

Data shows migrants aren't taking 'Black jobs' or 'Hispanic jobs,' despite what Trump says

Republican presidential nominee Donald Trump promises the biggest deportation event the U.S. has ever seen if he is elected

The Independent UK

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International Business Times

China Offers $325 Bn In Fiscal Stimulus For Ailing Economy

China said Saturday it will make $325 billion in fiscal support available to its economy over the next three months, offering help to bolster banks, shore up the property market and free up consumption spending in Beijing's biggest aid programme since the global financial crisis.

AAP

More adult vaccines could unlock $1.1bn for economy

By raising its level of adult immunisation to the same rate for children, Australia could unlock huge economic benefits, researchers say.

The Conversation

Tunisia’s young democracy flounders as its president wins a second term

There was tension hanging in the air as I walked through Tunisia’s capital city, Tunis, in July, just months before the country’s latest presidential election. The conversations I had in cafes and markets confirmed people’s uncertainty and apprehension about the state of their country.

International Business Times

JPMorgan Chase Profits Top Estimates, Bank Sees 'Resilient' US Economy

JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.

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Top News

Deadlocked Presidential Races In Key States Revealed In New Poll

Recent state polls show a close race between Trump and Harris in key states, with economy and abortion as top concerns for voters.

The Guardian - UK

Rachel Reeves spends first 100 days in power trying to ride two horses

As chancellor reaches milestone she faces the tricky task of rescuing public finances while also investing in growth

France 24

French public debt reaches record high: Is France the sick man of Europe?

France's debt has reached a record €3.228 trillion, amounting to 112 percent of GDP. That is well above the cap set by EU rules. Of course, France isn't the only member state to have racked up debt during the Covid pandemic and the energy crisis. Several countries have been reprimanded…

The Guardian - UK

Canada is showing that it’s possible to have universal, affordable childcare. Is the UK brave enough to follow?

If we treated this service as vital state infrastructure, it could make a huge difference to parents – and to the economy, says the Guardian columnist Gaby Hinsliff

Fortune

Famed economist Ed Yardeni's updated his Fed cut prediction to 'none and done' because the inflation battle isn't over

"In my scenario rates are pretty comfortable where they are relative to the economy," Yardeni said.

International Business Times

UK Economy Rebounds In August In Boost To New Govt

Britain's economy bounced back in August, official data showed Friday, boosting the new Labour government ahead of its maiden budget later in October.

International Business Times

Investors, Analysts Eye Bigger China Stimulus At Saturday Briefing

Investors and analysts expect China to unveil billions of dollars in new stimulus for its troubled economy Saturday as officials battle multiple headwinds including a prolonged housing crisis and sluggish consumption.

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