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The Latest Breaking News from Economy

Hafta letters: First family of Bollywood, LTA Punjab, populist schemes

AnonymousIn last week’s Hafta, Chetan Bhagat was spot on when he described how minuscule the demands of a typical Indian are and how not only have they adopted a practice of just being submissive to what's happening in terms of poor services, but religion has been at the core of…

Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’

Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’

Donald Trump was convicted of felony charges related to falsifying business records earlier this year

The Independent UK

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves

The Chancellor is dealing with a challenging economic landscape as she attempts to inspire confidence in Labour’s agenda.

Evening Standard

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Saudi Arabia is betting on tourism and travel

The Gulf nation will host a World Cup and World Expo, part of its bid to make tourism its second leading industry after oil.

'Dark Lull' In German Energy Transition Sparks Political Debate

As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition.

International Business Times

The left’s best defense against Trump? Ditching limousine liberalism

An effective fight against the president-elect requires a struggle that takes the frustrations of working-class voters seriously

The Guardian - US

Ex-IMF Chief Rato Gets Four-year Jail Term In Spain For Tax Crimes

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday.

International Business Times

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‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

Since winning the UK’s general election in July, Labour has faced sharp swings in the economic outlook and a shifting public mood.

The Independent UK

Russia Central Bank Holds Off Rate Hike After Criticism

Russia Central Bank Holds Off Rate Hike After Criticism

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.

International Business Times

Minister defends Labour budget as Bank of England issues dire growth warning

Minister defends Labour budget as Bank of England issues dire growth warning

Businesses have responded to Chancellor Rachel Reeves hiking the minimum wage and increasing National Insurance contributions by cutting jobs and raising prices

Evening Standard

Russian central bank holds rates steady at 21% amid criticism from key business figures

Russian central bank holds rates steady at 21% amid criticism from key business figures

Russia’s central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government’s spending on the war against Ukraine

The Independent UK

Lift for Rachel Reeves as UK borrowing hits three-year low

Lift for Rachel Reeves as UK borrowing hits three-year low

Drop to £11.2bn a welcome figure for chancellor after backlash from business leaders to budget

The Guardian - UK

Tesla Sales Are Tanking In Europe

Tesla Sales Are Tanking In Europe

Europe is experiencing some weird times. From politics to economy and car sales, it’s far from rosy, and arguably the biggest player in the electric vehicle game is having a rough year.

Economists say the Fed is bracing for 'Trump 2.0' and a deluge of fiscal policy shakeups

Economists say the Fed is bracing for 'Trump 2.0' and a deluge of fiscal policy shakeups

Federal Reserve chair Jerome Powell said he was uncertain as to how Trump’s proposed policies would impact the economy.

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The Independent UK

China's Xi swears in new leader of casino hub Macao, telling the city to diversify economy

Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its handover to China

The Independent UK

Stock market today: Asian shares are mixed ahead of key US inflation data

Asian shares are mixed as markets await U.S. personal spending data for November that are due later in the day

Top Insights Into the Performance of Major Industry Sectors

Understanding the performance of various industry sectors is essential for investors, business leaders, and anyone interested in the economy. The different sectors often react differently based on economic conditions. This article provides top insights into the major sectors within the market and analyzes how they perform. It will explore what…

International Business Times

Asian Markets Mixed As Traders Digest Fed's Hawkish Pivot

Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve's outlook for interest rate cuts and possible impact of Donald Trump's presidency on the economy.

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International Business Times

Japanese Inflation Jumps To 2.7% In November

Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly because of higher energy costs, government data showed Friday.

The Conversation

Heading on an overseas holiday? The Australian dollar tumbled this week – but that’s not bad news for everyone

This week, the value of the Australian dollar fell to 62 US cents, its lowest level since October 2022.

The Conversation

The road back to Damascus: Syria’s new rulers face challenges in de-weaponizing supply chains

The collapse of the Syrian government led by Bashar al-Assad on Dec. 8, 2024 marked a historic moment in the Middle East. It still remains to be fully understood how the rebel coalition — a diverse assembly of political and ideological groups backed by regional powers — swiftly overpowered government…

Stocks Climb on a Robust US Economy

The S&P 500 Index ($SPX ) (SPY ) today is up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.33%. Dec E-mini S&P futures (ESZ24 ) are up +0.40%, and Dec E-mini Nasdaq futures...

Evening Standard

Bank of England holds interest rates at 4.75% but says UK economy stagnating

The Bank’s Monetary Policy Committee said it was keeping rates unchanged on Thursday following a divided vote among policymakers.

US Economy Grows At 3.1% In Third Quarter

American economy grew by 3.1% in Q3 driven by consumer spending and exports, with concerns over inflation and recent political developments.

The Independent UK

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate

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