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The Latest Breaking News from Economy

Mixed jobs data highlights rate balancing act for RBA

Demand for labour is still strong enough to soak up extra workers as the population grows, according to fresh Australian Bureau of Statistics jobs data.

AAP

Keir Starmer appoints two influential leftwing critics as government advisers

Both had warned against ditching £28bn green spending pledge and urged scrapping of two-child benefit cap

The Guardian - UK

South Africa has a joblessness crisis: fixing it will take fresh thinking to find a game-changer

Everyone agrees that solving the unemployment problem in South Africa is the number one priority for economic policy for the new government, as it has been for all governments since 1994. What is less clear, and highly contested, is what should be done to solve this problem.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

The king’s speech sounded a bit like Labour governments of old. But only a bit

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

The Guardian - UK

Australian workers’ living standards have been destroyed – and there is little good news ahead

While interest rates may have peaked, the labour market is fragile and the economy is set to slow even further

The Guardian - AU

How Trump’s appeal to nostalgia deliberately evokes America’s more-racist, more-sexist past

There’s a reason Donald Trump’s 2024 presidential campaign is working hard to evoke nostalgia: People who are nostalgic – meaning, people who long for America’s “good old days” – were more likely to vote for Republican candidates in the 2022 midterm elections, according to research I conducted along with collaborators…

The Conversation

Charles III unveils new Labour govt plan to turbocharge economy in King’s Speech

Britain's King Charles outlined Prime Minister Keir Starmer's plans for the coming year onWednesday, promising a government of service focused on growing the economy and tackling issues from an acute housing shortage to a cost of living crisis. Starmer's Labour party won an overwhelming victory in the July 4 general…

France 24

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China's Communist Party charts technology- and security-focused development for reviving the economy

In a year of major elections setting the course of many countries for years to come, China’s ruling Communist Party is holding top-level meetings in Beijing to draft policies for reviving its slowing economy

The Independent UK

Budget 2024: Why cash to people and not corporates will boost consumption

Indian capitalism started in the textile mills of Mumbai – which were built in areas such as Byculla, Worli, Prabhadevi, Lower Parel, Parel, and Dadar – all located in what is now known as central Mumbai.

Newslaundry

UK's new Labour government sets out plans to 'take the brakes off' the economy in King's Speech

Britain’s new Labour Party government campaigned on a promise to bring bold change at modest cost

The Independent UK

Scottish economy forecast to grow at faster rate, report says

THE Scottish economy is predicted to grow at a faster rate in 2024 than the previous year but the outlook remains subdued, a report has forecast…

The National (Scotland)

Mandatory housing targets at core of economy-focused king’s speech

Planning reforms and transport policies included in package of more than 35 bills as Labour prioritises growth

The Guardian - UK

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

AAP

The Trump economy: Slower growth, higher prices and a bigger national debt

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say.

Al Jazeera

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The Guardian - UK

World needs economic stability after a tough few years, but if Trump wins we’re unlikely to get it

The attempt on the former president’s life may well result in a new era of trade tariffs, protectionism and a weak dollar

The Conversation

South Africa’s new unity government must draw on the country’s greatest asset: its constitution

South Africa’s economy is strained, unemployment and crime are extremely high, policing is ineffective and the public service is dysfunctional. Francois Venter was involved in drafting the country’s transitional 1993 and final 1996 constitutions. Since then, he has researched comparative constitutional law and theory. He believes the outcome of the…

The Independent UK

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

The Guardian - UK

UK interest rates will stay high unless service sector inflation falls, says IMF

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

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news in one place.

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Top News

Thailand Launches Digital Cash Handout Program To Boost Economy

Thailand's Digital Wallet program aims to boost economy by providing citizens with digital money. Registration starts in August for eligible businesses and...

The National (Scotland)

Trust in Scottish Government falls to lowest level recorded

TRUST in the Scottish Government to work in the country’s best interests has fallen to the lowest level recorded since a regular survey of public…

International Business Times

Cartier-owner Richemont Says China Sales Tumble 27%

Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms.

International Business Times

Young Chinese Seek Alternative Jobs In Shifting Economy

Braving loneliness, tough auditions and an unfamiliarly hot and humid climate, aspiring actor Guo Ting is determined to make it in China's answer to Hollywood.

International Business Times

Beijingers Feel The Pinch As Economic Data Disappoints

Shopping online, skipping meals out and a general sense that decades of double-digit growth are very much a thing of the past -- Beijingers told AFP Monday they were feeling the pinch as the economy slowed.

Fortune

Long periods of political violence are 'very bad' for the markets, analyst warns

The U.S.’s pivotal role in the global economy means that any negative effects from political violence would “spill over to the rest of the world.”

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