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The Latest Breaking News from Economy

India budget 2024: What does it say about the economy, elections?

The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.

Al Jazeera

With UK PM under pressure, is Labour on track for a landslide election win?

Polling suggests a huge defeat for the Conservatives later this year. Professor Tim Bale says it’s too early to predict.

Al Jazeera

Union Budget | Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman

FM Nirmala Sitharaman Budget 2024 Speech: Indian economy witnesses positive transformation, projected to become third largest in the world with a GDP of $5 trillion

The Hindu

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IMF Authorizes $4.7 Bn For Argentina After Milei's 'Bold' Reforms

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.

International Business Times

Cuba Delays 500% Fuel Price Hike Over 'Cybersecurity' Incident

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.

International Business Times

Former Treasury Secretary Steven Mnuchin endorses President Trump for 2024

Former Treasury Secretary Steven Mnuchin discusses his thoughts on the current situation with Iran, the state of the US economy, and why he is endorsing fo...

Top News

Argentina Lawmakers Debate Milei's Hefty Reform Package

Argentina's lower house of Congress on Wednesday began what is expected to be a marathon debate on President Javier Milei's mega-bill to reform the economy, politics and even some aspects of private life.

International Business Times

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Fed Holds Rates Steady, Pushes Back on Cuts: What the Experts Are Saying

The Fed is in no hurry to bring interest rates down from a 23-year high.

Kiplinger

Federal Reserve holds rates steady, pushes back on rate cut expectations

Discover the latest decision by the Federal Reserve on interest rates. Gain insights into their stance on rate cuts and the current state of the economy. S...

Top News

The Federal Reserve holds interest rates steady but signals rate cuts may be coming

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

WEKU

Modi government has lost the plot on structural reforms: P. Chidambaram

The Union government, led by Prime Minister Narendra Modi, has not carried out any structural reforms, its boast about India becoming a $5-trillion economy soon is misleading, and the government’s economic growth figures are suspect, says former Union Finance Minister P. Chidambaram. Edited excerpts:

The Hindu

UK Opposition Labour Courts Business Before Election

With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy.

International Business Times

'Unfathomable': Judge Fires Elon Musk's $55B Pay Package Into The Sun

Plus, more on why General Motors is embracing hybrids again, and Volkswagen starts an AI lab.

InsideEVs

IMF Raises India's Growth Forecast to 6.5% for Next Year

The IMF has raised India's growth forecast to 6.5% for the next financial year, reflecting a positive outlook for the country's economic recovery.

Top News

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International Business Times

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

Evening Standard

Sadiq Khan slams Home Office visa changes as 'damaging economic policies' for London

'We should support skilled workers who want to come here and fill roles,' the Mayor says

Evening Standard

The Bank of England has failed. It must urgently lower interest rates

City Voices: The MPC has turned a blind eye to the economic warning signs that monetary policy is too restrictive

Top News

BOJ Considers Stimulus Exit Scenarios, Adopts Hawkish Stance

The Bank of Japan (BOJ) adopted a more hawkish stance in January, discussing potential exit strategies for stimulus measures. Find out more in this summary.

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news in one place.

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The Guardian - UK

What is Labour’s £28bn green plan – and could it be shelved?

Party’s pledge to invest in a low-carbon economy looks to be at risk amid nervousness over making spending commitments

The Guardian - UK

UK risks steep decline without £28bn green economy pledge, Labour warned

Business leader says investment in low-carbon economy is ‘absolute minimum’, a view echoed by other experts

Top News

IMF Lowers UK's 2025 Growth Outlook Amid Strong Past Performance

The International Monetary Fund (IMF) has lowered its growth forecast for the UK economy in 2025, citing stronger performance in the past as a reason for t...

Evening Standard

OPINION - The Standard View: Brexit is a failure, but rejoining the EU will fall to future leaders

There was always going to be “some friction” when it comes to trading with the European Union, but that is the “price you pay”, Brexit cheerleader and Government minister Andrea Leadsom acknowledged this morning. Curious that Vote Leave never put that on a bus.

Top News

China's Factory Activity Contracts, Weak Demand Hinders Economy

China's manufacturing sector continues to struggle as factory activity shrinks due to weak demand, posing challenges for the country's economy.

Top News

Oil prices fall as Chinese economy weakens

Read about how oil prices have been impacted by the slowing Chinese economy. Discover why this economic downturn has resulted in a dip in oil prices.

Top News

Taiwan's Q4 GDP surpasses expectations, promising outlook for 2024

Taiwan's Q4 preliminary GDP surpasses expectations, signaling positive prospects for the country's economic growth in 2024.

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