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The Latest Breaking News from Economy

China unleashes boldest stimulus in years to boost ailing economy

People’s Bank of China announces support measures including a cut in interest rates but some experts fear they may not be enough

The Guardian - UK

Stock market today: Asian shares gain as China eases rates to aid property industry

Asian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy

The Independent UK

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

The Independent UK

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Sri Lankans throw out old guard in election upset: What nation’s new Marxist-leaning leader means for economy, IMF loans

Sri Lankans voted for a new direction in leadership on Sept. 22, 2024, electing a leftist anti-poverty campaigner as president of the South Asian nation.

The Conversation

Man United’s proposed regeneration of Old Trafford could boost economy by £7.3bn

Manchester United’s proposed regeneration of Trafford Park could boost the UK economy by up to £7.3billion, according to global advisory firm…

The National (Scotland)

BofA details clients’ 5 major economic fears—then knocks them all down

“For now, we think the broader macro data flow does not point to recession," Bank of America's economics team wrote Monday.

Fortune

The economic impact of Manchester United’s Old Trafford regeneration revealed

United unveiled further details about the project, which is centred on a new 100,000-capacity stadium

The Independent UK

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Building a healthier population and a healthier economy in Britain

Letters: From workplaces and schools to our vast expanse of green spaces, readers suggest routes to better health in response to an IPPR report

The Guardian - UK

Germany can't get its hands on important economic indicators because of a long-due tech update

A tech overhaul at Germany's Destatis has meant that Europe’s largest economy hasn’t been able to publish some key economic data points since May.

Fortune

Reserve Bank expected to leave interest rate untouched for seventh meeting in a row

Economic activity was ‘a little bit softer’ than central bank had predicted, one expert notes, but a rate cut still seems unlikely

The Guardian - AU

OPINION - Rachel Reeves embraces optimism – but the sting will be in the Budget

In early August 1979, Peter Cropper, a special advisor to newly-installed chancellor of the exchequer, Geoffrey Howe, sent a memo to colleagues. They should, he warned them, "stop being so downbeat. The world economy may be gloomy but there's absolutely no need for us to be gloomy."

Evening Standard

Grangemouth job losses are a stark reminder of the cost of a greener industrial future

The recent announcement that Grangemouth oil refinery in central Scotland will close next year marks a notable moment in the energy transition towards net zero.

The Conversation

Asian Stocks Boosted By US Rate Cut, China Stimulus Hope

Traders greeted the first reduction in borrowing costs since 2020 by pushing the Dow and S&P 500 to record highs as they contemplated a soft landing for the world's top economy.

Latin Times

Decode: Legacy – Blending Entertainment, Education, Societal Benefit In An Immersive Homage To Crypto

Decode: Legacy was one of the key events that crypto enthusiasts looked forward to at Token2049 in Singapore – dubbed as the world's "first crypto-themed immersive theater." The creative event broke the barriers for non-crypto natives to learn about the rich history of crypto and its potential in the new…

International Business Times

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The Guardian - UK

Budget uncertainty is weighing on UK economy, say businesses

Private sector activity growth slows for second consecutive month, hitting services and manufacturing

Barchart

Stocks Set to Open Higher as Investors Await Key U.S. Inflation Data and Fed Speak

December S&P 500 E-Mini futures (ESZ24) are up +0.19%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.25% this morning as market participants looked ahead to speeches from Federal Reserve officials, earnings reports from several notable companies, and the release of the Fed’s favorite inflation gauge later in the…

Barchart

Stocks Set for Muted Open as Investors Await Key U.S. Inflation Data and Fed Speak

December S&P 500 E-Mini futures (ESZ24) are up +0.08%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.16% this morning as market participants looked ahead to speeches from Federal Reserve officials, earnings reports from several notable companies, and the release of the Fed’s favorite inflation gauge later in the…

Evening Standard

Things only going to get worse on economy, say half of Brits as Keir Starmer honeymoon seems over

The Ipsos survey showed a sharp fall in optimism since the General Election in July

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news in one place.

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The Guardian - UK

Labour conference: Cutting winter fuel payments ‘right decision’, says Reeves, as No 10 says no change to council tax discount for single people – as it happened

Chancellor says £22bn gap in current spending budget and state pension rise meant she had to make decision on means-testing fuel payments

The Independent UK

Asian stocks climb after Wall Street closes its record-setting week mixed

Asian stocks are mostly higher, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, and China

The National (Scotland)

National parks boost Scottish economy by £700 million each year

NATIONAL parks can “deliver improved public well-being” for both visitors and locals, a new report has found, with the study adding that…

Al Jazeera

After vowing to restore Japan’s economy, Kishida leaves unfinished business

Japanese leader’s ‘new capitalism’ produced some positive results but daunting economic challenges remain, analysts say.

Top News

Vice President Harris To Outline 'Opportunity Economy' Vision

Vice President Kamala Harris to deliver a speech outlining her 'Opportunity Economy' vision, focusing on investing in American aspirations and addressing e...

Barchart

GDP, PCE and Other Key Things to Watch this Week

Last week was a big one, showing a large shift in the Fed's actions as they cut rates by 50 basis points. Here are 5 things to watch this week in the market.

Evening Standard

The Mayor has an ambitious vision for Oxford Street- and it must be delivered quickly

Unlocking Oxford Street’s potential will deliver a significant boost to the economy - locally in the West End, across London and nationally too

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