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The Latest Breaking News from Economy

JPMorgan CEO Jamie Dimon thinks the risk-reward calculus on China is just 'okay'

A sluggish economic recovery and new regulations are making life difficult for the Wall Street bank.

Fortune

Jamie Dimon isn’t ready to feel good about the economy yet: ‘We’ve been spending money like drunken sailors’

"I think the uncertainties out in front of us is still very large and very dangerous."

Fortune

‘Don’t panic!’ say leading Democrats as Biden’s age and poor polls cast pall

A strong economy and legislative wins seem to cut little ice but party strategists say it is still early in the election cycle

The Guardian - US

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New Dantia CEO determined to see city rank in top 10 'most liveable'

There's a new leader at the helm of Lake Macquarie's economy development company.

Newcastle Herald

UK interest rates: will the Bank listen to business and halt the rises?

Soaring pay growth puts pressure on the Bank to act again, but a slowing economy could tip into recession

The Guardian - UK

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

The Guardian - UK

State of the economy in the eye of the beholder

The opening of the Government's books gave little cause for celebration or catastrophising, which of course didn't stop politicians from doing both.

Newsroom.co.nz

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Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Newsroom.co.nz

Supporting democracy is not a partisan issue – it’s what all Americans expect of business ahead of the 2024 election

'A well-functioning democracy is the cornerstone of a strong economy.'

Fortune

Is Now a Good Time to Buy Copper?

Copper is one of the leading commodities that can provide clues about the path of least resistance of the asset class. Many market participants look to Doctor Copper as a barometer of the health and well-being of the global economy. Moreover, as China is the leading consumer, copper is a…

Barchart

Top business journalist condemns Tory approach to Scottish economy

MANY of the problems faced by Scottish businesses and households are the fault of Westminster decisions, a top business journalist has said.

The National (Scotland)

Strong support from Australian business to phase out fossil fuels by 2040, survey finds

Carbon Markets Institute research also finds nearly half of all businesses surveyed backed Australia becoming a net zero economy by 2040

The Guardian - AU

German economy ‘will shrink this year as part of eurozone slowdown’

European Commission forecasts 0.4% contraction for country amid high inflation

The Guardian - UK

Has ‘Barbenheimer’ helped keep the UK economy growing?

How an unlikely pairing of blockbusters may have stopped a summer spending washout

Evening Standard

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The National (Scotland)

V&A Dundee boosts Scottish economy by £304m, report finds

V&A Dundee has generated £304 million for the Scottish economy to date, according to a new report published ahead of its fifth anniversary.

Evening Standard

FTSE 100 Live: London blue-chips close ahead as miners lead the way, Wilko to close all remaining shops

London’s FTSE 100 re-took the 7500-point mark helped by rallying banks as investors absorb jobs and wages data into the Bank of England’s next rate call later this month.

Barchart

Stocks Set to Open Higher as Investors Await U.S. Inflation Data, Yellen Comments Boost Sentiment

September S&P 500 futures (ESU23) are up +0.42%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.55% this morning as remarks from Treasury Secretary Janet Yellen bolstered hopes that the U.S. economy is headed toward a soft landing, while investors looked ahead to the latest U.S. inflation reading due…

Al Jazeera

Thailand’s Srettha pledges urgent action to tackle ‘sick economy’

New prime minister promises to hand out cash, reduce energy prices and boost tourism to stimulate sluggish economy.

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The Independent UK

Thailand's new prime minister tells Parliament his government will urgently tackle economic woes

Thailand’s new Prime Minister Srettha Thavisin has vowed to act quickly to relieve the country’s economic problems in his inaugural speech to Parliament

The Guardian - AU

Have we reached peak China? How the booming middle class hit a brick wall

Facing a slowing economy and a less secure jobs market, China’s educated elite are left negotiating a new central bargain with the government

Newsroom.co.nz

Treasury pre-election outlook to show economy under increasing pressure

Rising fuel prices raise temperatures at No 1 The Terrace, and raise eyebrows further up the road at the Commerce Commission. Andrew Patterson reports.

The Guardian - AU

Investors and unions press Labor to invest $100bn to compete in global green economy

Exclusive: Stakeholders at Australian Renewables Summit hope to influence government before decisions are taken on clean energy investments in mid-year update

The Guardian - UK

Post-Brexit shift in immigration may mean higher wages and more self-sufficient UK economy

Sunak faces headache over India trade deal as upheaval continues in handling overseas labour

Al Jazeera

US President Biden visits Vietnam: Wartime foes to highest-level partners?

US President Biden and Vietnam’s Communist Party General Secretary Nguyen Phu Trong expected to agree new partnership.

The Canberra Times

Why these Canberrans think short-stay rentals are good for the economy

'We're actually increasing the supply of accommodation.'

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