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The Latest Breaking News from Economy

Dollar Slightly Lower as Mortgage Rates Climb in Negative Factor for U.S. Economy

The dollar index (DXY00 ) on Wednesday fell by -0.07% but stayed above Tuesday’s 2-week low. On Wednesday, the dollar posted modest losses after the weekly MBA mortgage applications report showed the average 30-year fixed mortgage rate rose above 7% for the first time in 2 months, a negative factor...

Barchart

Top 3 China Stocks Unleashing Gains in February

Despite facing challenges, China's economy exceeded its growth rate expectations last year. Moreover, the recent surge in consumer spending indicates a promising outlook ahead. Hence, fundamentally sound China stocks Vipshop Holdings (VIPS), China Automotive Systems (CAAS), and Sunlands Technology (STG) might be solid buys for gains this month. Read on.

StockNews.com

Australia's Q4 Annual Wage Growth Reaches 15-Year High

Australia's economy sees 15-year high in annual wage growth, signaling positive economic outlook with potential for sustained growth.

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Germany Cuts 2024 Growth Forecast As Economic Woes Pile Up

The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds.

International Business Times

China Stocks Jump After Rate Cut As Markets Await US Tech Earnings

China's central bank rate-cut on Tuesday is among measures intended to rally dwindling growth as the world's second-largest economy battles a prolonged property-sector crisis and a global slowdown.

International Business Times

German Economy Buffeted By 'Perfect Storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

International Business Times

What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

International Business Times UK

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Bolivia Implements Measures To Address Dollar Crisis

Bolivia implements measures to stabilize economy amidst dollar crisis, focusing on exchange rate, exports, and transparency.

Top News

J.P. Morgan, State Street withdraw from Climate Action 100+

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

CorpoNation combines silly minigames and sharp writing into a Sorry To Bother You-style farce about life in 2024

Go to work, pay rent, and sacrifice yourself for the economy.

PC Gamer

2024 Toyota Land Cruiser Starts At $57,445

The Land Cruiser's combined EPA fuel economy rating is 23 miles per gallon.

Motor1

South Africa's Labour Market Recovery Stalls Ahead Of Election

South Africa's economy faces challenges with high unemployment rates before the election, requiring targeted interventions for job creation and economic re...

Top News

The City must also ‘export’ its services to the rest of the UK

City Comment: It could be just what we need to power the economy out of its current productivity malaise

Evening Standard

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

The Guardian - UK

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Top News

Underperforming Chinese Province Aims To Spur Economy Through Innovation

Struggling Chinese province seeks economic revival through innovation and entrepreneurship by promoting a shift in mindset.

StockNews.com

Top 3 China Picks for Future Weekly Gains

The Chinese economy, showcasing remarkable resilience as evidenced by the better-than-expected GDP data for 2023, is anticipated to thrive in the future owing to stimulus measures implemented by Chinese authorities designed to bolster investor confidence. Given this backdrop, quality Chinese stocks China Automotive Systems (CAAS), LexinFintech Holdings (LX), and NetEase…

AnandTech

GlobalFoundries to Receive $1.5 Billion In Funding from U.S. CHIPS Act

The United States Department of Commerce and GlobalFoundires announced on Monday that the US will be awarding GlobalFoundries with $1.5 billion in funding under the CHIPS and Science Act. The latest domestic chip fab to receive money under the act, GlobalFoundries's funding will be spent to upgrade company's New York…

The Guardian - US

Voters may at last be coming round to Biden’s sunny view of the economy

America’s robust economic indicators under the president have not been reflected in opinion polls – but that could be changing

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Inflation Up 18% Under President Biden, Voters Prefer Trump Economy

Senator Warren struggles to explain why voters prefer Trump's economic policies over Biden's, citing uncertainty. Factors include deregulation, trade agree...

France 24

With Gaza war, Israel sees steepest drop in GDP since Covid era

Israel's GDP fell by 19.4 percent in the last quarter of 2023, according to preliminary figures published by the country's Central Bureau of Statistics on Monday. It's the biggest contraction the economy has seen since the early days of the Covid pandemic, and can be attributed to the impact of…

Evening Standard

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

The Guardian - UK

Unions warn against watering down Labour reforms of workers’ rights and ban on zero-hours contracts

TUC call follows admission by CBI president that it is pushing party to soften its plans

Newcastle Herald

Hunter mining supporting 15,300 jobs: survey

Hunter mining companies injected $8.2 billion into economy last year.

International Business Times

China Shares Dip As Central Bank Cuts Key Rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

International Business Times

China Central Bank Cuts Benchmark Lending Rate To Boost Economy

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth.

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