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The Latest Breaking News from Economy

UK Govt Changes Budget Rules To Borrow More For Investment

UK finance minister Rachel Reeves announced Thursday changes to fiscal rules to open up billions for investment in the centre-left government's maiden budget, but warned of tax rises and spending cuts.

International Business Times

Javier Milei's Economic Reforms Are Already Paying Off in Argentina

But local free market economists think further currency and labor reforms will get the Argentine economy recovering faster

Reason

Rachel Reeves confirms change to debt rule and warns of higher taxes ahead of Budget

Taxes and borrowing are both set to increase as Rachel Reeves signalled she would rewrite the way government debt is measured in her first Budget ...

The National (Scotland)

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Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

Evening Standard

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

Chancellor Rachel Reeves insisted her first Budget would pave the way for improved public services and ‘rebuild our economy’.

The Independent UK

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

The Independent UK

If the Budget can increase the size of the economic pie then we will all be better off

A big feature of the Budget will be an increase in public investment, perhaps by around £18bn, paid for by a rise in public borrowing

Evening Standard

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Proof that immigrants fuel the US economy is found in the billions they send back home

Donald Trump has vowed to deport millions of immigrants if he is elected to a second term, claiming that, among other things, foreign-born workers take jobs from others. His running mate JD Vance has echoed those anti-immigrant views.

The Conversation

Kamala Harris And Donald Trump Neck-And-Neck In Polls

Explore the dynamics of the upcoming presidential election, where policy, economy, and messaging strategies play crucial roles.

Top News

No, you’re not imagining it – the UK’s 5G connection really is crap

We are lagging behind other G7 countries, but improving mobile networks could add billions to the economy, writes the author Chris Stokel-Walker

The Guardian - UK

'No planet B': new Hunter space turns trash into treasure

The Full Circle Collective opens on Saturday October 26.

Newcastle Herald

Global economy faces ‘anxious times’, warns IMF; Reeves says stability fiscal rule will mean higher taxes – as it happened

People don’t feel good about economic prospects, admits IMF chief Kristalina Georgieva

The Guardian - UK

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Al Jazeera

Want to know who will win the US election? Take a look at the stock market

The S&P 500 has a strong track record of predicting the winner of US elections, but old rulebooks may no longer apply.

Latin Times

Trump Tells Latinos in Florida That Immigration Enforcement Is a Bigger Issue Than the Economy

Recent polls show Donald Trump holds a significant lead over Kamala Harris among Latino voters in Florida

The Independent UK

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

The Independent UK

New data laws aim to ‘improve public services and boost economy by £10 billion’

The Government has introduced the Data Use and Access Bill to Parliament.

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Capital & Main

Will Pennsylvania’s Economic Rebound Help Deliver the Crucial Swing State to Harris?

Despite a robust recovery and low unemployment, polling reveals a disconnect between economic reality and voter perception.

The Conversation

Unemployment’s up, house prices are stagnating. But is the Victorian economy doing as badly as it seems?

The early 1990s in Victoria were tough. The economy was contracting severely, the population was shrinking, employment was collapsing and the unemployment rate skyrocketed to the highest in the land.

The National (Scotland)

Scotland's mountain paths 'desperate' for funding post-Brexit, say campaigners

SCOTLAND’s deteriorating mountain paths are in “desperate” need of sustainable funding they have been starved of post-Brexit, a campaigner has…

The Guardian - UK

Putin calls for alternative international payment system at Brics summit

Russian president’s goal to de-dollarize world economy alarms members that do not want bloc to turn against west

Radio France Internationale

Chancellor Scholz leads delegation to India seeking to reduce German reliance on China

German Chancellor Olaf Scholz is leading a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany's reliance on Beijing even if India does not turn out to be the 'new China'.

StockNews.com

3 Consumer Discretionary Stocks Breaking Out This Quarter

As the U.S. economy showcases resilience amid evolving inflation trends and shifting interest rates, fundamentally solid consumer discretionary stocks eBay (EBAY), PulteGroup (PHM), and Expedia (EXPE) might be solid buys this quarter. Read on.

The Conversation

South Africa’s massive Sasol petrochemical plant faces serious challenges – new report

The giant Secunda complex of Sasol, South Africa’s biggest chemicals and energy company, provides the fundamental ingredients to South Africa’s petrochemical sector. It produces petrochemicals, plastics, chemicals essential to key industries such as agriculture (fertilisers) and mining (explosives), and 30% of the country’s liquid fuels. These value chains are very…

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