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The Latest Breaking News from Economy

Kumarakom ushers in its first full-scale tourism season with enthusiasm

Kumarakom is bouncing back from pandemic-induced challenges with an influx of tourists, hotels & house boats receiving forward bookings & RT Mission witnessing an unprecedented surge in bookings. Local economy is stimulated as house boat operators, crew & traders are eager to regain lost ground.

The Hindu

‘He acts like Wolverine’: who is Javier Milei, Argentina’s presidential frontrunner?

The hard-right libertarian has brandished a chainsaw on the campaign trail, found fame on TV scrutinizing the economy and evangelizing about tantric sex, and appears poised to win

The Guardian - US

Evolving crisis fuels anxiety among Venezuelans who want a better economy but see worsening woes

Venezuelans have come to feel the decade-long crisis that undid their country as one numbingly featureless expanse of struggles

The Independent UK

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JPMorgan Chase CEO Jamie Dimon warns the Israel-Hamas conflict ‘may have far-reaching impacts’ on the economy. ‘This may be the most dangerous time the world has seen in decades’

“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,” Dimon warned.

Fortune

China's Best: 3 Top-Rated Stocks Garnering Investor Interest

China’s economy appears to be showing signs of stabilization amid new stimulus measures and recent economic data signaling optimism. So, let’s look at top-rated Chinese stocks Alibaba Group (BABA), JD.com (JD), and Hello Group (MOMO), with immense investor interest. Keep reading….

StockNews.com

Empire building has always come at an economic cost for Russia – from the days of the czars to Putin's Ukraine invasion

President Vladimir Putin’s invasion of Ukraine has come at huge economic costs. By conservative estimates, the Russian economy has taken a US$67 billion annual hit as a result of war expenses and the effects of economic sanctions. In the early stages of the invasion, some analysts put the costs even…

The Conversation

Jeremy Hunt issues bleak warning on UK economy at IMF conference

Chancellor says high interest rates mean he has had to borrow up to £30bn more than planned

Evening Standard

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Doom-laden Hunt gives bleak verdict on UK economy as Bank of England chief warns of ‘tight’ interest decisions

The chancellor said the world is in ‘a very dangerous place’, adding that he is ‘focusing on resilience in the face of those shocks’

The Independent UK

China's inflation data show economy in doldrums despite a slight improvement in trade

China's economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses

The Independent UK

China is again on the brink of deflation as the country's flat September CPI revives 'real risk' of falling prices

China's disappointing September CPI shows that the country's economy is still struggling with low consumer confidence.

Fortune

Gaza depends on UN and other global aid groups for food, medicine and basic services – Israel-Hamas war means nothing is getting in

International aid groups are warning that they cannot deliver food and other basic services to people in the Gaza Strip and that a “dire” humanitarian crisis is set to worsen.

The Conversation

Migrants flounder in Colombian migration point without the money to go on

In Necocli, Colombia, the local economy has shifted, revolving around the migrants who have been arriving for several years

The Independent UK

Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?

Rather than being vetoed by bond markets, policymakers are seeking higher rates–and getting what they want.

Fortune

2024 Chevrolet Trax Review: Major Glow-Up

The updated Trax actually finally has the charm and style of other subcompact crossovers like the Honda HR-V and Mazda CX-30.

Motor1

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Evening Standard

Rishi Sunak’s pledge to halve inflation is now under real threat

If oil and gas deliveries reduce, prices will soar. In anticipation of what may unfold, they have been climbing already

The Guardian - UK

Full force of interest rate hikes is yet to be felt, says Bank of England official

Swati Dhingra says economy has flatlined and millions of mostly young and poorer people could be affected if rates stay high

The Independent UK

‘Business class-only’ airline to bring in economy seats just weeks after first flight

‘More flexibility’ said to be behind the switch from purely premium seating

The Guardian - UK

Shocks are new normal for weakened global economy, says IMF head

Kristalina Georgieva says fund had been conducting ‘thinking the unthinkable’ scenario-planning before Israel-Hamas war began

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The Guardian - UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

UK economy grew by 0.2% in August – but recession concerns remain

Rise in GDP fuelled by business services amid worries that impact of recent interest rate hikes yet to be felt

Evening Standard

UK economy returns to growth but remains stuck in the slow lane

Britain’s economy returned to growth in August but remains firmly stuck in the slow lane, new official figures reveal today.

Fortune

Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now

Goldman Sachs economist says it would take a ‘shock to the broader economy’ to make homebuying more affordable.

The Hindu

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

The Independent UK

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

Fortune

America’s new industrial revolution is creating a procurement economy. Unless we act now, it will make the racial wealth gap even worse

America is facing a looming supplier pipeline challenge–but tackling it would have huge economic and social payoffs.

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