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The Latest Breaking News from Economy

Jason Palmer Wins Democratic Primary In American Samoa

Jason Palmer's unexpected win in American Samoa highlights his platform and vision for the country, focusing on conscious capitalism and new collar economy.

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Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

US Private Finances Support 'No Landing' Economic Outlook

US private finances show resilience, supporting economic stability and growth prospects in the country.

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Egyptian Devaluation Brings Price Pain For Struggling Citizens

Currency devaluation in Egypt leads to price hikes, impacting citizens, businesses, and tourism. Government implements measures to support economy amidst e...

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Jeremy Hunt’s cynical budget is the last, desperate gasp of a dying government

Many Conservative MPs fighting to hold on to their seats will be asking the chancellor: ‘Is this all you’ve got?’, says former shadow chancellor John McDonnell

The Guardian - UK

Australia Economy Slows, Urging Rate Cuts

Australia's economy faces a slowdown, prompting discussions on potential rate cuts to stimulate growth and address economic challenges.

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US Trade Groups Sue Over Biden Rule On 'Gig' Work

US trade groups challenge Biden administration's rule on worker classification, impacting gig economy.

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Biden to challenge GOP on lowering costs in State of the Union address - Roll Call

President Biden will tout his “decisive action” on the economy during his State of the Union address, a White House official said.

Roll Call

Slowing economy can't be ignored in budget: Chalmers

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

AAP

Dutch Government Works To Retain ASML In Netherlands

The Dutch government is working to retain ASML in the Netherlands to strengthen the economy and tech industry, recognizing its strategic value in the globa...

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Wall Street Rises Following Fed Chair Powell's Remarks

Wall Street's positive response to Federal Reserve Chair Jerome Powell's remarks on the economy led to increased trading activity and stock price gains acr...

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Egypt's Currency Hits Record Lows, Nears IMF Agreement

Egypt's economy strategically devalues its currency to secure IMF deal, aiming for stability and growth.

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Germany's Ifw Kiel Cuts 2024 GDP Forecast

Learn about Germany's IfW Kiel economic institute's revised GDP forecast and its implications for the economy.

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German Exports Exceed Expectations In January

Germany's economy received a boost as exports surged in January, showcasing resilience and competitiveness in the global market.

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Global Markets React To Greenspan, Powell Exuberance Comparison

Explore the concept of exuberance in the global economy and its implications for Powell's leadership as Federal Reserve Chair.

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BOJ To Lower Assessment On Consumption And Output In Japan

The Bank of Japan is considering revising down its assessment on consumption and output, reflecting concerns about the economy and potential impacts on mar...

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Malaysia Anticipates Billion Investments From Australian Companies

Anticipated billion investments from Australian companies to boost Malaysia's economy and deepen economic ties between the two nations.

Evening Standard

Furious West End bosses condemn "staggering" decision not to scrap "tourist tax" in the Budget

OBR review concludes that the calculations it made about the cost of reversing the VAT free shopping scheme are still “reasonable”

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Salon

Trump's big con is a flop

Trump's only legislative accomplishment was a massive tax cut for the rich — and the results are now in

The Guardian - AU

Australia’s economy has slowed to a halt. It’s time for the Reserve Bank to take its foot off the brake

The country ended 2023 teetering on the brink of recession, with essentially only population growth keeping things going

WEKU

Taking on junk fees is popular. But can it win Biden more voters?

President Biden is expected to highlight his push to cap junk fees in his State of the Union address, for a second year in a row. It's a theme he plans to take on the campaign trail.

The Guardian - UK

Budget in five charts: what will underpin Jeremy Hunt’s statement?

Falling inflation and so-called fiscal headroom will guide a chancellor keen to heed calls from Tories for tax cuts

AAP

Australian shares edge higher as GDP shows growth slows

The ASX200 finished 0.1 per cent higher even as official data showed the Australian economy slowed further in the fourth quarter.

The Guardian - AU

GDP figures show Australia’s economy grew by just 0.2% in the December quarter

Treasurer Jim Chalmers had been preparing the public for ‘quite weak’ economic growth at the end of 2023 as interest rate rises hit home

Reason

Will AI Make Law Productive?

This is my third and final installment summarizing the arguments in my draft article The Cost of Justice at the Dawn of AI. In the first, I reviewed Baumol's cost disease's implications for the legal sector. Baumol recognized that if the productivity of any sector improved less than the productivity…

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