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The Latest Breaking News from Economy

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

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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

Budget uncertainty is weighing on UK economy, say businesses

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

The Guardian - UK

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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…

Barchart

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

Evening Standard

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 Guardian - 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 Independent UK

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…

The National (Scotland)

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.

Al Jazeera

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Supporters In New York Rally For Trump's Return To Office

Trump rally in Uniondale, NY addresses immigration, crime, economy, and political concerns among supporters.

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