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The Latest Breaking News from Economy

Centre of excellence set to supercharge Hunter's net zero transition

Centre of excellence will supercharge Hunter's net zero economy.

Newcastle Herald

Apple and Samsung are not going to buy Intel. Please be serious.

Apple and Samsung are not going to buy Intel. Please be serious.

Intel isn't going anywhere. The US government will make sure of that.

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

Asian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks

The Independent UK

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Nation's sick state of readiness for pandemics unmasked

Australia's healthcare, economy and public service have been exhausted by COVID-19 and a Centre for Disease Control will be set up to prepare for pandemics.

2023 election study: what voters really wanted, and why the coalition’s mandate could be fragile

After winning the 2023 election, the National-led coalition government quickly embarked on a wide range of policy changes, often reversing the policies of its Labour predecessor.

The Conversation

How a Trump election win could hit the US food industry and leave millions of Americans hungry

As the US presidential election inches closer, a recent survey found that the economy is the top issue for voters, and many are also concerned about healthcare, foreign policy and inequality. Amid all the noise about these key issues however, food has received only marginal coverage in the campaigning despite…

The Conversation

Kemi Badenoch and Angela Rayner clash over four-day week: ‘No threat to the economy’

Chancellor Rachel Reeves is due to unveil her first Budget since the general election on Wednesday

The Independent UK

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Citi moves infrastructure to Google Cloud as part of broader AI push

Citi moves infrastructure to Google Cloud as part of broader AI push

Citigroup's financial infrastructure powers much of the global economy, but is difficult to upgrade. A move to Google Cloud announced today could change that.

Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment

The Independent UK

NASA generated $76 billion for US economy in 2023, report says

NASA generated $76 billion for US economy in 2023, report says

NASA's efforts in science, exploration and beyond are helping drive significant economic growth across America, according to an agency study.

The Sword Comes For Volkswagen

The Sword Comes For Volkswagen

It's been a strange and unpredictable year for electric vehicle sales in America and, frankly, for new car sales in general. But if you want to assess the European market, replace the adjectives above with "apocalyptic." Intense competition from China, a weak economy, slowing EV demand as subsidies evaporate and…

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

The Conversation

From tax cuts to breaking the economy: five UK budgets that made a difference

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

The Guardian - UK

The 'Age of Electricity' is Dawning on Wall Street, and This is the Best Stock to Buy

The 'Age of Electricity' is Dawning on Wall Street, and This is the Best Stock to Buy

The IEA says the 'Age of Electricity' is here. Here in the U.S., in the 2010s, the economy expanded by 24%, yet electricity demand remained steady. That's about to change, as the energy consultancy Wood Mackenzie projects a yearly increase in electric demand from 4% to as much as 15%…

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The Guardian - US

Many Republicans take a tough line on China despite their own business ties to Beijing

With Senate control up for grabs in swing states, both parties are trying to stress China’s threat to US economy

International Business Times

Spanish PM In India Seeking To Bolster Trade Ties

Spanish Prime Minister Pedro Sanchez was welcomed to India Monday with a flower-filled open-top parade alongside counterpart Narendra Modi, as Madrid seeks to boost investment in the world's fifth-largest economy.

Govt vows to rein in NT debt as it soars above $11b

The Northern Territory government has inherited a strengthening economy but "pet projects" and department overspends could cause debt to blow out.

'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

CEOs cite the need to downsize in a rough economy, but it seems corporations are doing better than ever.

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The Conversation

How do US presidential elections affect the economy and the stock market?

With the US presidential election on a knife edge and less than a week away, financial markets are watching with bated breath.

Polls and prediction markets are signaling a Republican sweep in the election

For the economy and financial markets, a Republican sweep in November could raise the stakes even higher.

New state emerges as nation's best-performing economy

Western Australia's economy is leading the nation, as the state tops CommSec's State of the States report for the first time in a decade.

Does the president control the economy?

They can do some things on their own, but their effect on the economy and stock market is more nuanced

Canada Cuts Immigration Targets by 27% Amid Economic Challenges, Sparking Controversy

Prime Minister Trudeau cites a need to stabilize the economy, but businesses and migrant advocates warn of negative impacts on growth and community support.

The Independent UK

Japan's ruling party braces for a blow to its comfortable majority in the lower house in elections

Japanese Prime Minister Shigeru Ishiba’s conservative ruling party is bracing for a blow to its comfortable majority in the lower house of parliament amid public rage over the party’s financial scandals and discontent over a stagnant economy

Russia Raises Interest Rate To Record-High 21%

Russia's central bank raises interest rates to 21% to combat inflation from military spending and supply-demand imbalances.

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