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The Latest Breaking News from Economy

CAG to play a key role in making India the third largest economy: Murmu

President Droupadi Murmu: CAG team facilitator of good governance, will help make India third largest economy. CAG has taken forward-looking steps, including Centre for Data Management and Analytics.

The Hindu

Cathie Wood says forget inflation, deflation is the real enemy after the Fed hiked rates too far, too fast

“I think the Fed’s overdone it. I think we’re going to see a lot more deflation going forward,” the ARK Invest CEO and founder said this week.

Fortune

Can the U.S. Economy Achieve a Soft Landing?

The Federal Reserve, since early 2022, has been raising interest rates to ease inflation pressures without causing the economy to contract, an ideal scenario that some economists call a “soft landing.” A soft landing is defined as when the Fed is able to slow the economy enough to curb demand...

Barchart

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Fresh off meeting with China's Xi, Biden is turning his attention to Asia-Pacific economies

President Joe Biden will address a group of CEOs grappling with the risks to their businesses from world crises

The Independent UK

Registration Opens for the 2024 NAB Show

The show will delve into trends such as artificial intelligence, streaming universes, virtual production, the creator economy and advertising

TV Tech

Battery economy: From 'dig-and-ship' to 'mine-and-make'

Some $2 billion in capital and other sweeteners could turn Australia from the world's quarry into a "mine-and-make''nation driving the battery supply chain.

AAP

Malawi’s president suspends foreign travel for himself and cabinet members

President Lazarus Chakwera announced austerity measures aimed at healing the economy.

Al Jazeera

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Citadel CEO Ken Griffin bashes Bidenomics as debt-reliant, inflationary policies: ‘The American public knows things aren’t working in this economy for them’

“Whoever told him to run on Bidenomics has no idea how to read an economics textbook,” the Wall Street titan said.

Fortune

Black Friday conundrum: save less money on a newer camera, or more money on an older one?

Is it false economy to save more money on an older camera? How to approach the Black Friday bargains

Digital Camera World

Barbie ‘contributed over £80m to the UK economy’ says Warner Bros

Hollywood studio reported figure to a parliamentary committee investigation into how to support the British film industry

The Guardian - UK

Barbie movie added close to $100 million to the struggling British economy

Despite looking like it was set in a pink fantasy toy town, much of Greta Gerwig’s Barbie blockbuster was actually filmed in the U.K.

Fortune

Amazon’s treatment of workers can improve, if lawmakers act

Amazon’s ability to churn through employees, leaving them bruised and broken, is also connected to its outsize power across the economy and in local labor markets.

Chicago Sun-Times

2024 economy and stock market predictions: Expect subpar returns in a new ‘age of austerity’ says a top analyst at Research Affiliates

In the new paradigm, the best investment categories of the last decade should prove the worst performers going forward, while the beaten-down, unloved sectors of recent years are likely to thrive.

Fortune

‘Wrong policies’ ruined economy of Andhra Pradesh, alleges TDP leader

TDP & JSP leaders in Vizianagaram accuse YSRCP govt. of ruining AP's economy with wrong priorities. State's debt has risen to ₹10 lakh crore due to lack of wealth creation. People unhappy with govt. policies due to extra taxes, power charges & RTC fares.

The Hindu

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The Guardian - AU

Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

Cycling News

Tourism keeps Australian cycling economy rolling but sales slowdown seen continuing

Report puts cycling direct output at $6.7 billion in Australia in 2022, up from $6.3 billion in 2020

The Guardian - US

‘Planet Earth is big enough for two’: Biden and Xi meet for first time in a year

US and Chinese presidents meet in San Francisco to discuss the economy, climate, military relations and Taiwan

The Conversation

How could Australia actually get to net zero? Here's how

Every bit of warming matters if we want to avoid the worst impacts for climate change, as the latest report from the Intergovernmental Panel on Climate Change shows.

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Al Jazeera

Will Xi and Biden mend US-China relations at the APEC summit?

Xi aims to revive investments in sluggish Chinese economy while Biden looks to keep temperatures ‘low’ in Asia-Pacific.

The Hindu

India vs New Zealand | Mohammed Shami re-writes history with dream spell

In 17 matches, Mohammed Shami has 54 wickets at an average of 12.90, an economy rate of over 5 and a strike rate of 15.33. His best bowling figures are 7/57. He is the sixth-highest wicket-taker in the tournament history.

Fortune

Wholesale inflation just had its largest monthly drop in 2.5 years: 'We got more Goldilocks today'

Producer prices dropped in October in what investors hope is a sign of a long-awaited economic turnaround.

Newcastle Herald

Landmark site at gateway to Newcastle deserves a show-stopping plan

I COMPLETELY agree with Bradley Perrett's vision for the remaining Honeysuckle development ("Honeysuckle idea simply sucks", Newcastle Herald, 10/11), the supposed centrepiece of the city's waterfront development. No one would deny the need for more social and affordable housing, but not on the remaining section of Honeysuckle. There is an…

Barchart

Why Now Might be a Good Time to Buy Copper

Copper prices have increased over the past month but are not running away on the upside. Copper is a bellwether metal that many market participants monitor for clues about the health and well-being of the global economy.

The Hindu

Vision@2047: CII session in Mysuru on Friday

The Confederation of Indian Industry (CII), Mysuru zone, is all set to host EXCON ROADSHOW 2023 and a session on the ‘Role of Infrastructure and Economy for Vision@2047’ on Friday, between 5 p.m. and 8 p.m. at Hotel Southern Star here.

The Independent UK

Barbie movie contributed more than £80m to UK economy

The movie is the biggest film of 2023 so far and has also out-earned 2022’s biggest hit, Top Gun: Maverick

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