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The Latest Breaking News from Economy

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

The Independent UK

Taiwan's participation at APEC forum offers a rare chance to break China's bonds

Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China

The Independent UK

Poor men south of Richmond? Why much of the rural South is in economic crisis

For a brief moment in the summer of 2023, the surprise No. 1 song “Rich Men North of Richmond” focused the country’s attention on a region that often gets overlooked in discussions of the U.S. economy. Although the U.S. media sometimes pays attention to the rural South — often concentrating…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

New Labor Rules Will Screw Over Your Local McDonalds

A new joint employer rule from the NLRB threatens to fundamentally change the business relationship between a franchise and its parent company.

Reason

S&P Futures Climb Ahead of Key U.S. PPI and Retail Sales Data, Chinese Data Boosts Sentiment

December S&P 500 futures (ESZ23) are trending up +0.34% this morning as market participants digested strong industrial output and retail sales data from China while also bracing for crucial U.S. PPI and retail sales data.

Barchart

European Commission lowers growth outlook and says economy has lost momentum during a difficult year

The European Union’s executive commission has lowered its growth forecast for this year and next, saying the economy “has lost momentum” in 2023 as inflation weights on consumer spending and higher central bank interest rates deter borrowing for purchases and investment

The Independent UK

India, U.S., 12 other IPEF members ink supply chain resilience agreement

India, the U.S. and 12 other members of the Indo-Pacific Economic Framework For Prosperity (IPEF) grouping have signed a supply chain resilience agreement that would provide benefits such as potential shifting of production centres in critical sectors and mitigating risks of economic disruptions from supply chain shocks.

The Hindu

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China's economy shows sparks of life, despite persisting weakness in troubled real estate sector

China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish

The Independent UK

Bangladesh’s ongoing political crisis is ‘high risk’ for fragile economy

Experts attribute the current economic downfall to an oligarchy of political elites entrenched in Sheikh Hasina regime.

Al Jazeera

Bikes and e-scooters pumping billions into the economy

AAP

Japan's economy sinks into contraction as spending, investment decline

Japan’s economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank

The Independent UK

Karnataka Minister Rajanna appeals to youth to join the cooperative movement

K.N. Rajanna urges youth to join cooperative movement to help realise $5 trillion economy. Minister for School Education and Literacy, Madhu Bangarappa, said farming community had benefited from sector.

The Hindu

Federal government shutdowns are costly, for the economy and public trust

There are serious debates to be had about government spending, but the edge of a shutdown is no place to have them. Ignoring the consequences won’t bring us closer to more responsible government, two University of Chicago experts write.

Chicago Sun-Times

What’s pushing inflation down? More goods, workers and housing

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

Chicago Sun-Times

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The Independent UK

Nikki Haley privately discusses economy with Wall Street chief as her campaign rises

Mr Dimon allegedly praised the former South Carolina governor’s economic experience

Barchart

Cost-Conscious Consumers are Boosting the Earnings of Discount Retailers

With higher interest rates and sticky inflation undercutting the purchasing power of most consumers, value retailers are holding up against a broader spending pullback as anxiety over the economy prompts shoppers to seek discounts and deals. Many of the off-price retailers, such as TJX Cos (TJX ), Ross Stores (ROST...

The National (Scotland)

'Minimum wage is destroying jobs and must be cut', Liz Truss's economy group claims

A group of economists brought together by former prime minister Liz Truss says the minimum wage should be frozen and then cut.

The Independent UK

Truss-backed economists say minimum wage is ‘destroying jobs’ and call for cut

Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.

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news in one place.

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The Conversation

West Africa’s plastic waste could be fuelling the economy instead of polluting the ocean: experts

Plastic pollution is an urgent environmental issue, globally. Every year, about eight million tonnes of plastic end up in the oceans.

The Guardian - US

Biden’s economic messaging should ‘hit Trump’ and highlight his mistakes, data reveals

Biden can revive ailing poll numbers by reminding voters Trump was a threat to social security and cut taxes for the wealthy

The Guardian - AU

Social cohesion lowest on record as Australia reels from cost of living, inequality concerns and voice debate

The social cohesion index – which draws on a survey of more than 7,000 Australians – plummets to lowest since it began 16 years ago

Fortune

Forget the gloom of the 1970s—UBS thinks the US economy is headed back to a Clinton-like era of the bustling 1990s

"The bottom line: Something is afoot with the US economy," wrote UBS's Jason Draho.

France 24

US delays APEC trade deal due to domestic pushback

At the Asia-Pacific Economic Cooperation (APEC) Forum on Tuesday, US treasury secretary Janet Yellen said a trade deal that would cover some 40 percent of the global economy "looks not to be complete". Her comments came after Democrat senator Sherrod Brown voiced his opposition to the text over labour standards…

The Hindu

BRS is ‘B’ team and Majlis ‘B’ Plus team of the BJP: Manish Tewari

Manish Tewari terms BRS as BJP's 'B' team & AIMIM as 'B Plus' team. He asserts Congress is reflecting people's voice & wants BRS to go. He recalls how Sonia Gandhi overcame pressure to form Telangana. He alleges family rule has destroyed Telangana's economy & BRS govt is rife with…

The Hindu

How does an electric battery work and what are the different types? | Explained

Batteries are collections of cells, and corrosion can degrade their performance. Li-ion batteries and EVs are two examples of batteries in the news. Hydrogen fuel cells are of great interest for the green hydrogen economy.

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