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The Latest Breaking News from Economy

China's ban on key high-tech materials could have broad impact on industries, economy

China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce computer chips

The Independent UK

US hiring likely rebounded last month after storms and strikes curtailed October job growth

Hiring in the United States likely rebounded last month from a dismal October, when hurricanes and strikes reduced job growth to its lowest level in nearly four years

The Independent UK

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

Evening Standard

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TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

Benzinga

Javier Milei: Madman? Or Savior?

Reason visited Argentina to find out if Javier Milei's reforms are working.

Reason

3 High-Yield Dividend Stocks to Boost Your Portfolio in 2024

With the economy showing mixed growth signals and changing federal policies, buying high-yielding dividend stocks could be a great choice for your portfolio. Thus, investors can invest in high-yield dividend stocks Pfizer (PFE), Altria Group (MO), and VICI Properties (VICI) to boost their portfolio. Read more….

StockNews.com

Data, trust, and time are the key ingredients to make old neighbourhoods like Bangkok's Charoen Krung hip again

Pichit Virankabutra and Thailand’s Creative Economy Agency are trying to revive one of Bangkok’s oldest neighborhoods: “When we moved in, it was a ghost town.”

Fortune

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Tough talk on Nato from Putin and his proxies may hide a willingness to compromise

With the war nearly three years old and the Russian economy under severe pressure after a collapse of the ruble and rising inflation, the Kremlin needs to show domestic audiences that it remains strong. Recent rhetoric from the Kremlin and from proxies for the Russian president, Vladimir Putin, has focused…

The Conversation

Ghana heads to the polls: why the economy is the biggest issue for many voters

The outcome and aftermath of Ghana’s 2024 elections will be a key test whether the West African nation can find a balance between the dual objectives of living within its means and achieving economic growth that creates sustainable jobs for its teeming youth.

The Conversation

Grattan on Friday: frustrated government can only bite its tongue as it waits on Michele Bullock

As she reads the economic commentators, Reserve Bank Governor Michele Bullock might, in moments of doubt, wonder whether she’s making a similar misjudgement to her predecessor Philip Lowe.

The Conversation

14,000 jobs and £1 billion boost to the economy: Why Gatwick Airport needs a second runway

OPINION: Exclusive: A second runway is the ‘obvious choice’ for economic growth, says Gatwick’s CEO Stewart Wingate, as he calls on the government to give the go-ahead

The Independent UK

South Korea’s economy rattled by martial law decree

South Korean president’s bid to erase ‘Korea discount’ sputters after martial law declaration unnerves markets.

Al Jazeera

Europe has caught a workplace absenteeism bug, turning one of the continent’s biggest advantages into a multi-billion euro strain

The factors driving sick leave culture differs depending on where you look, but are linked to mental health, welfare benefits, and cultural factors.

Fortune

How many stocks in dow jones

The Dow Jones Industrial Average (DJIA) ranks among the world's leading market indices. Since 1896, it has tracked America's largest companies, serving as a key market health indicator. Like LON Vodafone's position in the FTSE, the DJIA's components represent crucial sectors of the US economy.

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The Independent UK

Afghan economy shows modest signs of growth but recovery remains fragile, says World Bank

The World Bank says Afghanistan’s economy is showing modest signs of growth after two years of severe contraction

Barchart

Stocks Rally as Powell Bullish on US Economy

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.24%. Stocks rallied moderately on Wednesday, with the S&P 500, the Dow Jones Industrials, and...

Benzinga

Jerome Powell Says US Economy In 'Remarkably Good Shape,' Fed Can Be 'A Little More Cautious' With Interest Rates

U.S. Federal Reserve Chair Jerome Powell painted a rosy picture around the U.S. economy ahead of key jobs data due Friday. The strength of the economy is allowing the Fed to be more cautious with interest rates.

AAP

Are you better off: question at heart of next election

The opposition says excessive government spending is trashing the economy, but Labor says coalition cuts would just make it harder for households.

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TechRadar

The race to build data centers is on - here’s how we keep them secure

Investment in AI infrastructure will require protection from cybersecurity threats.

The Guardian - AU

What do the latest GDP figures tell us? That the RBA is still getting it very wrong

It’s time the reserve started undoing the damage it’s done before even public spending can’t keep the economy growing

The Independent UK

Edmunds hybrid sedan comparison: 2025 Honda Civic vs. 2025 Hyundai Elantra

Top News

Power Outages Threaten Ecuador's Ice-Cream Industry

Salcedo's ice-cream industry faces an uncertain future due to prolonged power outages, impacting local producers and the economy.

International Business Times

OECD Warns Of Protectionism Weeks Before Trump Return

The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world economy, just weeks before Donald Trump is set to return to the White House.

The Independent UK

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget

Influential Organisation for Economic Co-operation and Development also warns ‘risks and uncertainties high’ for global economy

Evening Standard

UK interest rates to fall more slowly than expected after Budget – OECD

The global economics body also increased its GDP forecast for next year on the back of higher public spending from the Budget.

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