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The Latest Breaking News from Economy

Weight-loss Drug Maker Novo Nordisk's Profit Surges As Sales Boom

Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by blockbuster sales of diabetes and obesity treatments that helped it become Europe's most valuable company.

International Business Times

Ex-RBI Governor Raghuram Rajan meets former Maharashtra CM Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan meets Shiv Sena chief Uddhav Thackeray, who had backed Mr. Rajan’s criticism of the Central government.

The Hindu

Centre’s capex thrust will continue because the private investment remains weak: Former Niti Aayog VC Rajiv Kumar

Former Niti Aayog Vice Chairman Rajiv Kumar emphasizes the need for continued focus on capital expenditure in the upcoming Interim Budget to address weak private investment and bridge the infrastructure gap in the Indian economy.

The Hindu

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Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline

Caixin Global

As Tunisia's Economy Falters, Medical Tourism Flourishes

At a fertility clinic in Tunis, Bintou Yunoussa hopes doctors can finally help her conceive -- one of more than two million foreigners who travel to Tunisia annually for medical procedures.

International Business Times

Japan's December Factory Output Rises with Machinery Production

Japan's factory output rose in December, largely driven by an increase in production machinery. This positive trend reflects the country's growing economy.

Top News

Like A Dragon: Infinite Wealth Dondoko Island guide: How to earn $500,000 and break the economy

How to break Like A Dragon: Infinite Wealth’s Dondoko Island for fun and (mostly) profit.

PC Gamer

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Economic encomium: On the Finance Ministry’s 10-year review of the economy

In the the Finance Ministry’s 10-year review of the economy, India needs to grow faster to create jobs at the scale its youth need and ensure that a rising growth tide lifts most boats, if not all

The Hindu

IMF Expects U.S. and Latin America's GDP to Grow 2.5% This Year, Decelerate in 2024

In its new World Economic Outlook, the organization said that the global economy is approaching a soft landing, but risks remain

Latin Times

IMF Lifts Global Growth Forecast Citing Unexpected 'Resilience'

The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.

International Business Times

The robots are coming – for the gig economy: the smart satire of Lapsis

This small-budget film with a high-tech concept follows a cable layer who is made to compete with robots at work

The Guardian - AU

Australia’s black summer bushfires ripped billions from the tourism industry. Is global warming making the cost of natural disasters worse?

Exclusive: The impact on businesses was widespread, even in areas relatively unaffected by the disaster, study finds

The Guardian - AU

Increase in Young Adults Living with Parents Amid Economic Challenges

Discover the challenges faced by young adults in today's economy, including rising rent prices and student loan debt, and the growing trend of multigenerat...

Top News

Australian retail sales decline in December

In December, Australian retail sales experienced a decline, indicating a shift in consumer spending. Find out more about the impact on the Australian economy.

Top News

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Top News

Japan's December Jobless Rate Drops to 2.4%

The jobless rate in Japan dropped to 2.4% in December, signaling a positive trend in the country's economy and reduced unemployment levels.

Top News

Japan PM Pledges to Boost Household Income Through Various Measures

Japanese Prime Minister pledges to take all necessary measures to increase household income, addressing the need to boost the country's economy.

Top News

Oil prices rise due to Middle East tensions, China economic concerns

This article discusses how tensions in the Middle East have caused oil prices to rise, but concerns about China's economy are capping the gains.

The Guardian - UK

IMF warns Jeremy Hunt against tax cuts in budget

Lower tax levels may not be possible without extra borrowing or post-election spending reductions, says Washington-based body

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Top News

Indonesia's Finance Minister Optimistic About Stable Rupiah Outlook

Discover the latest insights on Indonesia's economy as its Finance Minister predicts a stable outlook for the rupiah, with an upside bias. Stay informed.

International Business Times

German Economy Shrank At End Of 2023: Data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

Top News

GM bullish on US economy, optimistic for 2024 growth

General Motors (GM) is optimistic about the future, projecting a positive outlook for 2024 and placing its bets on the resilience of the US economy.

International Business Times

Eurozone Narrowly Dodges Recession

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

The Guardian - UK

Eurozone narrowly avoids recession as German economy shrinks

Single currency zone’s stagnating GDP figure will add to pressure for ECB interest rate cut

WEKU

Here's what to know about the collapse of China's Evergrande property developer

In 2018, Evergrande was listed as the world's most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.

The Guardian - UK

IMF warns Hunt against tax cuts; eurozone avoids recession – as it happened

Rolling coverage of the latest economic and financial news, as the eurozone stagnates in the final quarter of 2023

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