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The Latest Breaking News from Economy

Surat: The silk city weaving global excellence in textiles

Surat, an industrial city in Gujarat, is known as the Silk City for its world-renowned textile industry, which significantly contributes to the country's economy. Read further on Dynamite News:

Dynamite News

France’s GDP gets €1bn lift from giant cruise ship as German economy shrinks

Analyst says eurozone could have turned a corner as it avoids recession with 0.3% growth

The Guardian - UK

Today's Fed meeting is merely a warm up act for September according to Wall Street—but they shouldn't count their chickens just yet

Wall Street analysts are not waiting to hear the outcome of today's FOMC discussions. Instead, they want after clues about Q3.

Fortune

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China's top leaders vow to support consumers and improve confidence in its slowing economy

China’s powerful Politburo has endorsed the ruling Communist Party's strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.”

The Independent UK

Europe's growth lags U.S. again, as Germany remains the eurozone's economic problem child

Europe’s economy enjoyed only modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap with Germany, the leading European economy, remaining in the dumps and as hesitant consumers save more, rather than spend on new houses or cars

The Independent UK

Chinese Leaders Pledge Further Support For Flagging Economy

President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.

International Business Times

France, Spain Log Solid Growth In Second Quarter

The French economy grew faster than expected in the second quarter, official data showed Tuesday, giving a boost to the eurozone.

International Business Times

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Singapore's Temasek To Invest $30B In US Over Next Five Years, Remains Cautious On China

The investment comes following the U.S. economy's robust performance, which outpaced global peers in the second quarter

International Business Times

Germany on brink of recession; eurozone beats forecasts with 0.3% growth; US job openings fall – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

Millennial entrepreneur Dan Murray-Serter, behind a £35 million supplements startup Heights wishes he could tell his 20-year-old self to ‘sack off NFTs’

Heights founder unwinds by stroking his cat “for hours,” rents out his £2 million home for photo shoots, and flies economy to not spoil his 2-year-old daughter.

Fortune

Venezuela Illustrates the Perils of "Democratic Socialism"

The Venezuelan experience shows that democracy cannot cure the evils of socialism, and that a democratic socialist system is unlikely to remain democratic for long.

Reason

Why These 2 Chinese E-Commerce Stocks Are a Must-Buy?

China's economy is rebounding with strong digital growth, rising consumption, and tech advancements, creating attractive investment opportunities in the e-commerce sector. Hence, let's examine the fundamentals of Chinese e-commerce stocks Alibaba Group Holding (BABA) and JD.com (JD) to understand why they are a must-buy. Keep reading.

StockNews.com

How preventive medicine could be key to saving the NHS

Letters: Readers on how best to make disease prevention services effective, to ease the strains on both the health service and the economy

The Guardian - UK

There’s a huge amount riding on the latest inflation figures. Here’s why

The big four banks predict interest rates to be cut, but the RBA may have other ideas

The Guardian - AU

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The Conversation

Xi signals no deviation from course – nor in the driver – despite economic bumps in the road

Chinese President Xi Jinping has laid out his vision for China’s economic and social future – and it places Xi Jinping at the very center.

The Conversation

Historians of the Labour party put Britain’s new government into context

The coming of a new Labour government is a moment to take stock. Are there things that the new administration can learn from previous Labour governments? Is it true, as David Cameron claimed in 2009, that Labour governments always run out of money?

Guitar World

Matteo Mancuso’s otherworldly technique has blown the minds of Al Di Meola, Steve Vai and Joe Bonamassa – in this exclusive video masterclass, he shares the secrets behind his breathtaking fingerstyle approach

Mancuso has lit up guitar since his arrival on the scene, with his debut album, The Journey, a modern classic. And he has nothing to hide; here he is showing us exactly how he does it

The Independent UK

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

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The Conversation

We compared land transport options for getting to net zero. Hands down, electric rail is the best

Transport emissions have grown in line with the population and economy. Without intervention, the Australian government expects transport to be the largest emissions source by 2030. So, cutting transport emissions is a crucial, but challenging, element of the net-zero strategy.

AAP

The surprise state topping Australia's economic ladder

South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.

The Guardian - UK

Bank of England set to rain on hopes of interest rate cut after economic bounce

This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession

The Independent UK

Rayner to set out overhaul of planning rules to clear path for new social housing

Angela Rayner has said the planning system should be a ‘launchpad’ rather than a millstone ahead of setting out changes next week

The Independent UK

Rachel Reeves to unveil ‘broke Britain’ dossier as Jeremy Hunt hits back with tax ‘scam’ claim

Rachel Reeves is expected to tell parliament that Rishi Sunak’s party left a £20bn black hole in the public finances, including making ‘significant funding commitments’ this year with no idea how they would be paid for

The Guardian - UK

How bad are Britain’s finances? Key questions and answers on the state of the economy

Several factors restrict the Labour government’s room for manoeuvre in its agenda for growth, writes Phillip Inman

The Guardian - UK

Rachel Reeves to delay some of Tories’ ‘unfunded’ road and hospital projects

Chancellor attempts to plug £20bn hole in spending but will commit to above-inflation public sector pay rise

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