The Latest Breaking News from Economy

Natural hazards don’t obey electoral cycles. The next government faces crucial choices

Every election seems to return to the same themes: the economy, health, housing and the cost of government. But one challenge cuts across these and will confront whichever government is elected.

The Conversation · Oct 18

French riots: A gift for Le Pen?

How much damage has the unrest in France caused to a protest movement rooted in genuine grievances but hijacked by rioters, violence and vandalism? Is it a gift to Marine Le Pen, the far-right leader and presidential frontrunner? Or is it a spectre of trouble to come in a deeply…

France 24 · Oct 18

Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUs

Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of India and LIC, will be sold to Fairfax Financial Holdings Ltd. This decision is part of the ongoing privatisation programme aimed at modernising the Indian economy.

The Economic Times · Oct 18

As France burns, Macron looks like a man who has lost control

THE INDEPENDENT VIEW: The French national debt is too big, its economy too sluggish and its parliament and president jointly unable to get state spending down to sustainable levels - the mirror image of the complaint of the protesters, who want more spending on subsidies and schools. And so it’s…

The Independent UK · Oct 18

Small business owners are doing OK – but will that help Trump overcome his low approval ratings?

Overall, economic sentiment for Trump is poor, but small businesses seem fairly confident, according to several surveys

The Guardian - US · Oct 18

IMF and World Bank meetings leave developing countries with more questions than answers

The recent discussions at the International Monetary Fund and World Bank left developing nations feeling uncertain about their futures. Delegates raised alarm over growing debt, inflation, and the burgeoning influence of artificial intelligence, but found themselves without significant solutions. These urgent concerns, alongside geopolitical issues and diminishing aid, paint a…

The Economic Times · Oct 18

Florida commits $8.7 million to preserve two working ranches

Florida has enacted a permanent conservation measure for two significant ranches located in Manatee and Highlands counties, encompassing nearly 1,500 acres. This initiative is designed to safeguard local agricultural practices and boost the economy. Through the Rural and Family Lands Protection Program, the state aims to uphold agricultural land under…

The Times of India · Oct 18

Canada revives Express Entry job offer points; Indian workers in high-wage jobs could gain an edge

In a significant move, Canada is modifying its approach to ranking skilled immigrants applying for permanent residency, set to be implemented by November 2026. The revised system will favour candidates with Canadian work experience in high-paying sectors and valid job offers. This policy aims to draw in skilled workers capable…

The Economic Times · Oct 18

Rebuked by India, Vance admits he went too far with "indentured servants" rhetoric

JD Vance faced backlash for comparing H-1B visa holders to indentured servants, prompting clarifications in his statements. He emphasized that his criticism aimed at the companies and visa system instead of the visa holders. The Indian government condemned Vance's remarks, highlighting the contributions of Indian professionals to the US economy.…

The Economic Times · Oct 18

Charting the global economy: Inflationary pressures mount in US

A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead.

The Economic Times · Oct 18