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The Latest Breaking News from Economy

Asian Markets Mixed As Traders Digest China Rate Cut

Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing up for the latest company earnings season.

Latin Times

Registered Voters Split Between Trump And Harris On Handling Economic Issues

Registered voters are divided on who between Trump and Harris could handle the economy better.

International Business Times

By 2052, Immigrant Workers Will Be the Only Source of Labor Force Growth in the U.S. Economy, Study Shows

The study by the National Foundation For American Policy cites factors such as retiring U.S. born Baby Boomers leaving the workforce and stagnating birth rates

Latin Times

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Australia’s fertility rate has reached a record low. What might that mean for the economy?

Australia’s fertility rate has fallen to a new record low of 1.5 babies per woman. That’s well below the “replacement rate” of 2.1 needed to sustain a country’s population.

The Conversation

Israel's war against militants is expensive. Paying the bill could force tough choices

On top of the grievous toll in human life and misery, Israel’s war against the Hamas and Hezbollah militant groups has been expensive

The Independent UK

Asian Markets Fluctuate As Traders Digest China Rate Cut

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.

International Business Times

China's Central Bank Cuts Two Key Rates To Boost Economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

International Business Times

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Trump Pins 2024 Election Hopes on Immigration, Downplays Economy as Key Issue

Trump insists immigration is the defining issue of 2024, claiming it surpasses the economy despite advisers urging a different focus.

Latin Times

Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’

“As the Russian economy tanks, immiseration and social discontent grow, and money dries up, Putin will run out of resources to fuel his war machine.”

Fortune

Iraq's Kurdish region goes to the polls with a flagging economy and political infighting top of mind

Residents of Iraq’s semi-autonomous northern Kurdish region are going to the polls in long-awaited parliamentary elections under the shadow of ongoing rivalries, economic instability, and unresolved disputes with Baghdad

The Independent UK

Biden’s economic legacy could decide the presidential race in Scranton

The politically split Pennsylvania town shows why the race is so close – and it’s unclear whether the president’s legacy will be enough to carry Harris over the line

The Guardian - US

Americans' Economic Outlook Worsens Ahead of 2024 Election

Partisan divide deepens as economic hardship grows, with inflation and job concerns shaping voters' views ahead of the 2024 election

Latin Times

Takeaways from AP's reporting on how Arizona voters view the economy with the election close at hand

The Arizona economy is flourishing by many measures

The Independent UK

Macron’s business policies made him ‘president of the rich’. Rachel Reeves, beware

The chancellor rightly wants to stimulate the economy by boosting growth. But she would be unwise to do it at the expense of the poorest, writes Phillip Inman

The Guardian - UK

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The Guardian - UK

‘They’re killing us’: Aberdeen braces for end to North Sea oil as clean energy plan takes shape

The granite city has weathered many storms over the years but people there now fear the impact of the government’s tax plans on the local economy and jobs

International Business Times

US Budget Deficit Widens To $1.8 Tn, Third Highest On Record

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

Radio France Internationale

France braces for economic judgment amid political turmoil and record debt

France's financial future is under close scrutiny this month as two of the world's top credit rating agencies assess the country's ability to manage its mounting debt. Meanwhile, a hung parliament, fierce budget debates and a record-high deficit have brought the economy to the edge of crisis.

The Guardian - UK

Are you better off than four years ago? Why US voters should – but can’t – say yes

Many are still feeling the pinch of inflation while the fruits of growth disproportionately go to the better off

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Top News

China's Central Bank Announces Plans To Support Stock Market

Global markets react positively to China's stock market support plans and ECB interest rate cut. Chinese economy slows, prompting stimulus expectations. US...

Latin Times

Asian Markets Rise As China Economy Tops Forecasts, Gold Hits Record

Investors have been clamouring for Beijing to deliver more concrete plans for the country's stuttering economy since last month's slew of stimulus announcements that had fanned hopes officials would unload the "bazooka" policy many have been calling for.

The Independent UK

Wealthier Americans are driving retail spending and powering US economy

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace

The Guardian - UK

UK firms in ‘significant financial distress’ hits record levels; Gold rises over $2,700/ounce – as it happened

“Toxic effect of high inflation” is hurting businesses, reports Begbies Traynor

The Independent UK

Stock market today: Asian shares gain as China releases plan for market support

Asian shares are higher after China's central bank released plans for supporting stock markets through share repurchases

Al Jazeera

China posts slowest growth since aftermath of ‘zero COVID’ curbs

World’s second-largest economy grows 4.6 percent in third quarter amid weak consumer demand and property woes.

The Guardian - AU

China posts slowest economic growth in 18 months as optimism fades over stimulus

Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector

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