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The Latest Breaking News from Economy

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

The Guardian - AU

Kamala Harris leads Trump on healthcare and climate among Latinos but lags behind on immigration, poll shows

The GOP candidate holds a 5-point lead over Harris on the issue. They are tied on the economy.

Latin Times

Lebanon's ex-central bank chief arrested over alleged financial crimes

Lebanon's former central bank governor, Riad Salameh, has been arrested in Beirut. Once lauded for reviving the country's economy after the civil war, Salameh's later years in office were marred by allegations of financial crimes including embezzlement and money laundering. Plus, the trial against Martin Winterkorn, the former CEO of…

France 24

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Fyles behind in NT election recount – as it happened

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The Guardian - AU

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

AAP

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

The Guardian - AU

From Acclaim To Blame: Lebanon Bank Chief Riad Salameh

Once lauded for reviving Lebanon's economy, former central bank chief Riad Salameh -- wanted abroad and reviled at home after years of financial meltdown -- was arrested on Tuesday by Lebanese authorities.

International Business Times

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OPINION - Rachel Reeves's impossible choice: Truss or Osborne?

Liz Truss or George Osborne? For Rachel Reeves, neither is exactly her political lodestar. From a Labour perspective, the former moved far too fast with her 'mini-Budget' and in doing so sparked a run on gilts. In contrast, the latter slowly strangled the UK economy with cuts to capital spending…

Evening Standard

Asian Markets Drift Lower Ahead Of Key US Figures, Eyes On China

The Federal Reserve is widely expected to cut interest rates at its next meeting this month but close attention is being paid to Friday's non-farm payrolls (NFP) figures, which are seen as playing a major role in how big the central bank will go.

Latin Times

Is Germany in crisis? Giants consider pulling billions from economy

Intel is reconsidering a €30 billion factory while Volkswagen contemplates closures as German industry drowns in a two-year recession.

Fortune

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The Independent UK

Which are the most influential events that shape financial markets?

The financial markets are constantly changing and once profitable instruments fall behind, while others rise to all-time highs. Keeping track of market shifts can be quite difficult, even for institutional investors using AI and unexpected turnarounds and shifts often lead to billions of dollars in losses.

inkl

EU Chief To Hand Economy Job To Italy's Far-right: Report

EU chief Ursula von der Leyen has made her first picks for her top team, with the key economy vice-president job going to Italy's far-right nominee, German newspaper Die Welt reported Tuesday.

International Business Times

Asian Markets Drift Ahead Of Key US Figures, Eyes On China

Asian markets stuttered Tuesday as investors steel themselves for a high-stakes US jobs report at the end of the week while keeping tabs on China after fresh data stoked renewed worries over the world's number two economy.

International Business Times

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AAP

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

The Guardian - AU

Former ABC host Tim Bowden dies aged 87 – as it happened

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The Guardian - UK

The Guardian view on the rise of AfD: winning an election won’t mean it wins power

Editorial: The emergence of the far right as a political force in eastern Germany is a concern for Europe’s biggest economy

The Conversation

African nations can do more to benefit from ties with China, the world’s second-strongest economy

China’s relationship with Africa is vital to Beijing’s efforts to expand its influence in the western-dominated world order. China is Africa’s most significant trading partner and a crucial source of continental investment. Hence the importance of the Forum on China-Africa Cooperation to both.

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Top News

Israel's Economy Faces Challenges Amid Ongoing Conflict

Limited impact of Israel's general strike on economy amidst ongoing conflict with Gaza. Financial markets react positively.

France 24

Netanyahu rejects 'concessions' to Hamas as pressure mounts over Gaza hostages

Israeli Prime Minister Benjamin Netanyahu on Monday rejected calls to soften his demand to keep troops in the southern Gazan border area as the price for a ceasefire deal as hundreds of thousands of Israelis staged a nationwide strike in a bid to pressure the government to secure the release…

The Conversation

View from The Hill: Australians don’t need to be told high interest rates are ‘smashing’ the economy, but is there an alternative?

Treasurer Jim Chalmers mightn’t have expected his weekend comment – made ahead of expected low growth figures later this week – that interest rate rises were “smashing” the Australian economy to set off the reaction it has. After all, it’s been something of a Chalmers mantra.

International Business Times

General Strike Launched In Israel Over Dead Hostages

A call by Israel's largest union to paralyze the economy follows night of massive demonstrations, with tens of thousands of protesters taking to the streets in an outpouring of grief and fury over six hostages killed in Gaza

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