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The Latest Breaking News from Economy

UK economy is addicted to immigration but there is long-term treatment

Immigration fuels growth and much-needed workers but there are ways to wean UK plc off its dependency

The Guardian - UK

Congress to reach out to over eight million professionals in the gig economy

Congress plans to reach out to 8M gig workers ahead of 2024 LS polls. Praveen Chakravarty, new AIPC chief, wants to expand definition of professionals to include gig economy. Aim to provide platform to raise issues, negotiate between capital & labour, and create digital volunteers.

The Hindu

After years of Tory failure, getting Britain growing again will be Labour’s greatest test

A Starmer government will inherit a nation with miserable productivity, emasculated public services, big debts, high tax levels and acute inequalities

The Guardian - UK

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How To Use Sector Rotation In Investing

Anticipating turns in the economy through sector rotation can pay off for nimble investors.

Kiplinger

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The Guardian - UK

Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would help

The energy used by cars and their CO2 emissions could have dropped by over 30% in the past decade if not for the world’s growing taste for SUVs, a new report from the Global Fuel Economy Initiative suggests

The Independent UK

Chicago Fed prez Austan Goolsbee sees ‘golden path’ toward lower inflation without recession

The head of the Federal Reserve Bank of Chicago, says the economy appears headed to a “soft landing” in which inflation returns to the Fed’s 2% target without an economic crash.

Chicago Sun-Times

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Protesters disrupt conference in Glasgow as arms manufacturer joins panel

Protesters disrupted an economy conference in Glasgow over the war in Gaza.

The National (Scotland)

It's not a cost of living crisis – it's a poverty pandemic

There is a poverty crisis in the UK. But when outlining his 110 growth measures aimed at getting “the British economy working” during his autumn statement, the chancellor’s measures to tackle the cost of living crisis were limited to economic support payments focused on short-term wins.

The Conversation

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany’s economy shrank in recent months, and business confidence is still in the dumps

The Independent UK

Wealthy six-figure earners who kept the economy chugging along are starting to pinch pennies, signaling the post-COVID spending boom may be over

"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.

Fortune

Why increasing AC coaches and reducing Sleeper and Second Class is a problem for commuters | Data

Indian Railways has replaced Sleeper/2nd Class coaches w/ AC 3-tier Economy Class coaches, resulting in fewer passengers able to reserve tickets in Sleeper/2nd Class. This has led to higher costs for AC coaches & incidents of general ticket holders invading reserved compartments. Comparing 2019-20 & 2009-10, AC seats share rose…

The Hindu

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

International Business Times

Indonesia’s presidential hopefuls lay out plans to revive $1.2tn economy

GDP growth slowed to 4.94 percent in the third quarter, compared with 5.72 percent during the same period in 2022.

Al Jazeera

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International Business Times UK

Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

The Hindu

A $5 trillion economy, but for whom?

While India is set to become the third largest economy in the world in 2028, 80 crore Indians will still be receiving free foodgrains to stave off hunger

StockNews.com

The Top 3 China Stocks Securing Investor Portfolios

Despite various challenges, the Chinese economy has consistently exhibited remarkable and steadfast resilience, maintaining robust growth. Therefore, three Chinese stocks, Vipshop Holdings (VIPS), Sunlands Technology (STG), and X Financial (XYF), could be ideal buys. Read more….

StockNews.com

Are These 3 China Stocks Buying Opportunity?

China's economy is staged for significant growth, buoyed by robust GDP growth, elevated forecasts, and proactive government measures to spur recovery. Amid this, could Chinese stocks New Oriental Education & Technology (EDU), JD.com (JD) and FinVolution (FINV) make ideal buys? Let's find out.

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The Guardian - UK

Be warned: Deliveroo’s victory over its riders shows just how vulnerable British workers are

Why is the UK establishment so much more hostile to gig economy rights than other parts of Europe, asks the sociologist and author Callum Cant

The Hindu

Govindan accuses Governor of orchestrating a Sangh Parivar-UDF tie-up to control State universities

CPI(M) State Sec. Govindan accuses Kerala Governor Khan of forming illicit political alliance to gain control of State-funded universities. Alleges Khan disregarded VC's panel of Senate nominees to insert people of his choice. Accuses Sangh Parivar of subverting gubernatorial office to thwart LDF's knowledge economy. Slams Opp. Leader Satheesan for…

Latin Times

Cuba's Food, Energy Shortage Worsens As Economy Deteriorates

Senior officials said in televised prime-time appearances that the economy of Cuba continued to fall due to food and fuel shortages.

Evening Standard

What Chancellor Jeremy Hunt didn’t say in his Autumn Statement

City Voices: The total tax-take will soon rise to a level not seen since the early 1950s

The Guardian - UK

‘It’s £2m ploughed into Cardiff’: how Doctor Who boosted the Welsh economy

Sci-fi series reboot 20 years ago created hundreds of jobs in Wales and was catalyst for dramatic growth, BBC report finds

The Independent UK

Voices: Chancellor hunts for growth as OBR cuts forecasts for Britain’s stuttering economy

A business investment tax break was made permanent, but it’s hard to see where else economic growth will come from, says James Moore

The Hindu

Listen to the people, not the numbers

The process of policymaking must begin with listening to those who have not been given much value in the present economic paradigm

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