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The Latest Breaking News from Economy

Another Wave of Lower Prices for the British Pound – Want to Know When?

As global central banks have raised interest rates, the Bank of England (BoE) has increased in the past 14 meetings due to elevated inflation. Recently, the BoE governor spoke to the UK Parliament and stated that the central bank was approaching the conclusion of its interest rate hikes. The timing…

Barchart

G-20 Summit 2023 | New Delhi Declaration underlines need for more finance to arrest global warming

The G-20 Leader’s Declaration for the first time formally recognises the quantum jump in finance necessary for the world to transition to a renewable energy economy

The Hindu

Wegovy: the slimming drug that keeps Denmark’s economy growing

Novo Nordisk, the maker of the blockbuster obesity injection, has singlehandedly saved the country from recession

The Guardian - UK

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A Couple Are Seeking A Full Refund After They Got Stuck Next To A ‘Farting’ Dog On Their Flight

A New Zealand couple is seeking full compensation from an airline, claiming that a “snorting” and “farting” dog in their aisle ruined their experience. Gill and Warren Press are gunning for a full refund from Singapore Airlines after their 13-hour flight — Paris to Singapore — was ruined by a…

Pedestrian.tv

Saudi Arabia, India, U.S. and EU launch economic corridor to increase trade

Saudi Arabia and India to hold important meetings during G20 summit. PM Modi and Saudi Crown Prince to co-chair First Leaders' Meeting of Strategic Partnership Council. Bilateral trade between India and Saudi reached $52.75 billion in 2022-23.

The Hindu

Of course Britain’s millennials have lost faith in work. Make it fairer and that might change

Wage stagnation and the gig economy have left a generation struggling to achieve life milestones. Here’s what could help, says culture writer James Greig

The Guardian - UK

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Hindu

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Stock market today: Asian shares weaken while Japan reports economy grew less than expected

Shares have slipped in Asia after Japan reported its economy grew less than earlier estimated in the last quarter

The Independent UK

India needs to grow at 8-9% for 20 years to become developed country by 2047: Deloitte’s Romal Shetty

India needs to grow at 8-9% for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia CEO Romal Shetty said.

The Hindu

Scottish Government will not back down on short term lets licensing, says Neil Gray

WELLBEING Economy Secretary Neil Gray has insisted that the Scottish Government will not back down on pushing ahead with the short term lets…

The National (Scotland)

Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

Caixin Global

Paul Krugman Warns Of ‘Very Nasty Fall’ For China

Unless the Xi Jinping-led administration returns to its communist roots, China's economy could experience a serious downturn.

Zenger

Trump’s Niece Disagrees With Branding Of Biden’s Economic Policy As Failure

The Biden campaign to make Bidenomics the focus of his reelection campaign does not appear successful, as per a report.

Zenger

Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

The Guardian - AU

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Fortune

‘The death of this economy was greatly exaggerated’: Initial jobless claims just fell to their lowest level since February, increasing the odds of a soft landing

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

The Independent UK

How Biden wants to use G20 summit to prove US is a better partner than China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Conversation

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

The Guardian - AU

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

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news in one place.

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The Independent UK

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

Al Jazeera

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

Barchart

Stocks Slump Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.58%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.88% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart

Stocks Fall Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.63% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

The Independent UK

Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy

The Guardian - UK

Councils going bust, schools crumbling, the NHS in crisis: the answer is more tax

Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth tax, says the Guardian’s economics editor, Larry Elliott

The Independent UK

China exports decline slower than expected in August as economy remains under pressure

China’s exports declined at a slower pace in August, even as the world’s second biggest economy remains under pressure

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