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The Latest Breaking News from Economy

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.

Top News

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…

France 24

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.

The Conversation

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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

International Business Times

Asian Shares Mixed Ahead Of U.S. Labor Day Holiday

Asian shares mixed ahead of U.S. holiday. Positive data from Japan, U.S. economy reports, and market fluctuations impact global markets.

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John Swinney reveals policy pledges but warns of 'challenging financial backdrop'

SCOTLAND'S First Minister has pledged to set out plans to grow the economy, deliver net zero and eradicate child poverty in his legislative…

The National (Scotland)

Labor Day, ISM and Other Key Things to Watch this Week

This week has news spaced out almost every day as well as a bank holiday for the US. Keep an eye on the two ISM reports.

Barchart

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Trump vs. Harris: Who would be better for America’s $35 trillion national debt?

“We think of the United States as too big to fail. It’s not actually true.”

Fortune

Is Sir Keir Starmer’s cautious ‘reset’ with Europe enough to undo the damage done by Brexit?

Moving in small steps risks aggravating both Europhiles and Europhobes while doing little to help lift the economy

The Guardian - UK

Economy yet to turn a corner as higher rates bite

Australia is expected to post its slowest annual economic growth rate outside of the pandemic lockdowns since the 1990s as inflation persists.

AAP

UK and Ukraine make AI deal to help post-war rebuild

Ukraine was a global leader exporting cybersecurity, artificial intelligence (AI) and mobile applications before the Russian invasion

The Independent UK

Temu's woes are fresh signs of the doom loop headed for China's economy

"As a result, the Chinese economy runs the risk of getting caught in a doom loop of falling prices, insolvency, factory closures, and, ultimately, job losses."

Fortune

Floridians are more satisfied with the state's economy than America's current direction, poll finds

The survey noted that half of Latinos believe that the policies enacted by the Biden-Harris administration had a negative effect on the country's economy

Latin Times

Labour’s doom-and-gloom messaging on the economy risks backfiring

Some in the party worry that constant reference to the financial ‘black hole’ left by the Tories could dent consumer and business confidence

The Guardian - UK

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International Business Times

India Growth Slows To 6.7% On Lower Consumer Spending

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy.

Evening Standard

OPINION - The Standard View: Labour's four-day week runs up against economic reality

It sounds idyllic — a four-day working week for the same pay. Reports suggest that employees could be granted new rights to work compressed hours, as part of the Employment Rights Bill. Yet such a policy confers serious risk both to business and the wider economy.

International Business Times

British Hospitality Eyes Big Bucks Ahead Of Oasis Tour

Fans are not the only ones eagerly awaiting next year's Oasis reunion tour: British hoteliers and pub owners are looking forward to a boom in business, with hopes of a Taylor Swift-style economy boost.

The Independent UK

Asian shares trade higher after mixed trading on Wall Street

Asian shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies

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International Business Times

Harris Says In First Interview US Ready To Turn Page On Trump

The 59-year-old Democrat insisted on CNN that she would be tough on illegal immigration and support controversial oil and gas fracking -- while sticking to her liberal background by pledging a fairer economy.

International Business Times

Asian Markets Rally On US Data After Dow Hits Record On Wall St

Asian markets rose Friday after a record day on Wall Street, boosted by a strong round of US data that reassured investors over the health of the world's top economy, while focus turns to the release of key inflation figures.

Top News

Vice President Harris Addresses Economic Progress Amid Covid-19 Surge

Vice President Kamala Harris discusses economic challenges post-pandemic and proposed solutions to support American households.

Top News

Kamala Harris Unveils Plan To Support Middle Class

Vice President Kamala Harris unveils economic agenda focusing on middle class support and 'opportunity economy'. Criticizes opponent's policies.

Fortune

Expect a Trump victory to rattle the credit markets, UBS says

A Trump win in November would affect the credit markets across more sectors than if Harris won, UBS says.

Barchart

Crude Closes Higher on Economic Optimism and Prospects for Tighter Global Oil Supplies

Oct WTI crude oil (CLV24 ) Thursday closed up +1.39 (+1.87%), and Oct RBOB gasoline (RBV24 ) closed up +4.04 (+1.95%). Crude oil and gasoline prices settled moderately higher Thursday on signs of strength in the US economy that supports energy demand. Crude also moved higher as supply disruptions in...

Reason

Kyla Scanlon: What's Actually Wrong With the Economy?

Economist and author Kyla Scanlon discusses inflation, economic narratives, and the housing market.

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