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The Latest Breaking News from Economy

60% of newly-arrived migrants have found jobs and are boosting the U.S. economy, study shows

A report by the Dallas Fed explained that recent immigration has added nearly two million newly-employed workers, contributing to higher GDP growth

Latin Times

African urbanisation: what can (and can’t) be learned from China about growing cities

The economic growth paths of Asian and African countries have often been compared. China, with gross domestic product per capita of US$251 in 1987, was poorer than most African countries at the time. Uganda’s GDP per capita was US$392, Zambia’s US$319 and Ghana’s US$354. Yet today China has GDP per…

The Conversation

Can Penji solve the problem of creative work in the gig economy?

How a per-project platform lets you cast a wide net for a designer and claims to assure quality.

Creative Bloq

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Chinese auto exports surge, partly offsetting a sales slump at home

China has reported its auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home

The Independent UK

‘This is something that divides us’: Ecuador’s turbulent transition from oil dependence

With economic crises bearing down on the government, honouring the result of a referendum that demanded an end to drilling in a national park is proving difficult

The Guardian - UK

Federal Reserve Considers Cutting Interest Rates Amid Cooling Job Market

Federal Reserve considers shifting focus from inflation to job market due to cooling economy.

Top News

Why Nato is losing patience with Canada, Justin Trudeau

Despite its strong economy and significant contributions in other areas, Canada’s military budget falls short of the Nato target, frustrating allies and raising concerns about the country's commitment to collective defense.

The Times of India

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‘It’s like Where’s Wally in broken Britain’: Ben Jennings on his Tory-era take on A Rake’s Progress

A millennial navigates the gig economy, fights in pubs and gets kettled on a demo in Snowflake’s Progress, the Guardian’s political cartoonist’s Hogarthian epitaph for the last 14 years of Conservative rule

The Guardian - UK

Federal Reserve faces a cooling job market as Chairman Powell suggests move towards cutting interest rates

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

The Independent UK

Mayor of Athens says tourism in Greece isn't ‘viable’ anymore as each visitor only adds €0.40 to the economy

Last year, 33 million tourists visited Greece—over thrice the country’s population. But tourism is a double-edged sword for the historic country.

Fortune

Scotland's economy slows in June but continues to beat many parts of the UK

THE Scottish economy slowed in June but continues to beat many other parts of the UK, a key survey has found ...

The National (Scotland)

Australia’s professional services sector is being used to launder money. It’s time for tougher laws

Australia’s stable political and legal systems – and relatively resilient economy – make it an attractive place to do business.

The Conversation

Menopause stigma is impeding women’s career growth, survey says. Here’s how a lack of support is hampering ambition—and the economy

More than three in four women reported having no workplace accommodations for menopause.

Fortune

Interest rates be damned: 3 reasons JPMorgan's commercial banking clients are optimistic about the U.S. economy

JPMorgan clients generating as much as $2 billion each said they were optimistic about the economy despite high interest rates, geopolitical concerns, and uncertainty around the U.S. election.

Fortune

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Newcastle Herald

Harnessing the will and capability to make things here

Government focused on reindustrialising suburbs and regions

Evening Standard

Labour’s economy kickstart & England Euros ‘£16K tickets rush’ ...The Standard podcast

Plus, a fully automated transcript of today’s episode

The Guardian - UK

Guyana banks on future as a ‘new Qatar’ in high-stakes gamble over oil production

With newfound oil wealth reshaping the economy, can the country balance growth with sustainable development?

The Conversation

Southern Africa is seen as a leader in wildlife conservation, but its market-driven approach is deeply flawed

Southern Africa’s wildlife economy is often hailed as a successful model. The idea behind this model is that biodiversity and wildlife are used as the basis of sustainable economic growth, through an increase in wildlife numbers and in a country’s revenue.

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The Guardian - UK

Rachel Reeves requests urgent assessment of spending inheritance

MPs will hear assessment this month as new chancellor tries to pin blame on Tories for tough decisions ahead

The Independent UK

Rachel Reeves scraps ‘absurd’ Tory onshore windfarm ban

New chancellor has vowed to ‘get Britain building again … get Britain growing again’ to reboot the economy

Kiplinger

Five Stocks With Solid Growth History and a Promising Outlook

Five reasonably priced stocks with solid growth history and a good chance of delivering earnings even if the economy softens.

Evening Standard

Chancellor Rachel Reeves delivers message to world: Britain is the place to do business

Rachel Reeves sets out how she wants to rev up Britain’s economy in first speech as Chancellor

France 24

Euro and French bonds slide as markets react to surprise left-wing surge in elections

After the New Popular Front left-wing alliance won the largest number of seats in France's National Assembly, investors have been assessing what this might mean for the French economy. In this edition, we look at what the market reaction to the surprise result has been and take a closer look…

The Conversation

To boost the economy, Labour cannot afford to duck these four expensive challenges

Labour has come to power with a mandate for change and big ambitions to grow the economy and rebuild public services. It wants to move swiftly to implement its early pledges while keeping within its self-imposed spending limits.

The Independent UK

Watch as chancellor Rachel Reeves gives first major speech on Labour’s plan for economic growth

Watch as chancellor Rachel Reeves sets out her plan for the economy in a speech on Monday 8 July.

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