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The Latest Breaking News from Economy

Putin ‘peddling lies’ about ailing Russian economy, say EU ministers

Group of finance ministers call for sanctions to be ratcheted up amid signs Moscow’s war machine is weakening

The Guardian - UK

New Heathrow third runway battle erupts as boss says expansion crucial for UK economy

The west London airport’s chief executive Thomas Woldbye says there is enough ‘demand’ for another runway

Evening Standard

US Banks Ordered To Disclose Russian Assets For Ukraine Aid

U.S. Treasury mandates banks to disclose and potentially seize Russian assets to aid Ukraine's economy.

Top News

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US banks to begin reporting Russian assets for eventual forfeiture under new law

The Treasury Department is ordering the nation’s banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy

The Independent UK

3 Financial Stocks With Attractive Valuations

The consumer financial services sector is ready for strong growth due to the shift to a digital economy, the adoption of advanced technologies like AI, fintech innovations, and changing consumer preferences. Therefore, financial stocks Enova International (ENVA), Synchrony Financial (SYF), and World Acceptance (WRLD) could be wise investments for value…

StockNews.com

The tiny insect threatening to ravage this African country’s economy

The insect, whose scientific name is dactylopius opuntiae, was first discovered in Mexico

The Independent UK

Budget 2024-25: Govt announces venture fund of Rs 1,000 cr to expand space economy

After the successful completion of the Chandrayaan-3 mission, Finance Minister Nirmala Sitharaman on Tuesday announced the setup of a venture capital fund of Rs 1,000 crore for expanding the space economy by five times in the next 10 years. Read further on Dynamite News:

Dynamite News

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Bangladesh curfews, internet blackout batter economy amid quota protests

The South Asian country is estimated to have lost $1.2bn in revenue over the past five days with garment exports hit.

Al Jazeera

Summer sun coming for the economy says influential City forecast

EY Item Club says the outlook for growth is hotting up and predicts interest rates under 5% by the end of the year

Evening Standard

UK must move towards disease prevention to save economy and NHS, says expert

Personalised ‘pre-NHS’ could stop onset of disease and offer health checks in places people live, work and socialise

The Guardian - UK

Rural Venezuela Bearing The Brunt Of Economy In Ruins

Shortages of fuel and electricity, hospitals in ruins and impassable roads: outside the relative comfort of Caracas, years of economic crisis have taken their toll on rural Venezuela.

International Business Times

President Biden's tumultuous handoff to Kamala Harris is a hard lesson in the importance of succession planning

The political system needs to put itself on pause and say, ‘How can we embrace the principles that have made America’s economy so strong?’" says Ted Dintersmith, a former venture capital investor and top Democratic Party donor.

Fortune

Mexico's president-elect answers to Trump after he appears to mock a high-ranking official

Trump used dismissive language when recalling an interaction with then-Foreign Minister Marcelo Ebrard while he was in office

Latin Times

Crude Oil Continues Lower on Economic Uncertainty

August WTI crude oil (CLQ24 ) today is down -0.24 (-0.30%), and Aug RBOB gasoline (RBQ24 ) is down -0.0096 (-0.39%). Crude oil and gasoline prices today extended last Friday's sharp losses on concern about the global economy and US political uncertainty. China's -10 bp rate cut today reinforced worries...

Barchart

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The Guardian - UK

Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might think, says Nicholas Shaxson, co-founder of the Balanced Economy Project

International Business Times UK

The Last Time This Warren Buffett Indicator Reached This High, A Painful Year-Long Bear Market Followed

Berkshire Hathaway Chairman Warren Buffett's stock market valuation indicator reached an all-time high of 200% last week, implying extreme stock valuations.

Top News

US Economy Shows Resilience Amid Biden's Exit

Explore the stable job market, economic strength, and evolving interest rate dynamics in the US post-pandemic.

The Independent UK

China's central bank cuts interest rates, moving to put more pep into the economy

China’s central bank has cut key interest rates in a surprise move aimed at injecting new into the ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on long-term economic strategy

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Al Jazeera

Before age concerns forced exit, Biden was weakened by angst over economy

Inflation dragged down US president’s approval rates long before poor debate performance focused attention on fitness.

The Conversation

The Crowdstrike outage showed that risk management is essential. Why are so many businesses reluctant to do it?

In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s:

Al Jazeera

As Philippines’s Marcos addresses nation, economy, Duterte rift loom large

President Ferdinand Marcos Jr is to deliver his third State of the Nation address amid protests over living conditions.

International Business Times

China Central Bank Cuts Two Key Rates To Support Flagging Economy

China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy.

International Business Times

Asian Markets Drop As Biden Drops Out Of White House Race

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.

Top News

UK Treasury Chief Vows Iron Discipline Amid Economic Challenges

Britain's new Treasury chief focuses on stabilizing the economy, addressing public sector wage demands, and improving public services amidst financial chal...

The Independent UK

Britain's Treasury chief vows to run the economy with 'iron discipline' amid demands for pay raises

Britain’s new Treasury chief says she will run the economy with “iron discipline.”

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