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The Latest Breaking News from Economy

China rattles foreign firms again with arrests, Foxconn probe

BEIJING: Chinese authorities are again shaking the confidence of foreign companies in the country with a series of arrests across industries and an investigation into Foxconn Technology Group, Apple Inc’s most important partner and one of the largest employers in China.

The Times of India

Argentine economy minister bags surprise win over chainsaw-wielding populist in presidential poll

Economy Minister Sergio Massa produced a big surprise by finishing first in the opening round of Argentina’s presidential election, reflecting voters’ wariness about handing the presidency to his chief rival, a right-wing populist who upended national politics and pledged to drastically diminish the state.

France 24

China's economy: Mystery packed in lies

Everyone knows that China's economic data is much worse than the official numbers. Just how big are the lies?

Salon

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Tory minister labelled 'delusional' for economy claim in BBC interview

ROBERT Jenrick has been labelled “delusional” for comments he made about the economy on the Sunday With Laura Kuenssberg show.

The National (Scotland)

Argentine economy minister upsets populist as they head to presidential runoff

Sergio Massa surprised Sunday night by finishing on top in the first round of Argentina's presidential election, reflecting voters' wariness about handing the presidency to a right-wing populist.

WEKU

Canada’s health-care crisis is gendered: How the burden of care falls to women

As we enter cold, flu and COVID season, Canada is continuing to experience a health-care crisis. One in six Canadians don’t have a family doctor and less than 50 per cent are able to see a primary care provider on the same or next day. Both the B.C. Nurses Union…

The Conversation

The 23andMe data breach reveals the vulnerabilities of our interconnected data

On Oct. 6, news broke that 23andMe, the Google-owned company that collects genetic material from thousands of people for ancestry and genetic predisposition tests, had a massive data breach.

The Conversation

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As a global energy crisis returns, the UK push for a green economy makes even more sense

Rishi Sunak’s decision to dilute net zero policies has become even more shortsighted

The Guardian - UK

What '80s kids also remember

Unlike Reagan's economy, trickle-down fear works. It trickles down into everything — into the way we see the world

Salon

Cruises, golf and private health: how baby boomer spending has kept UK inflation stubbornly high

The postwar generation has benefited from good pensions and now interest rate rises, but while its spending has boosted the economy, it has many downsides – not least prices

The Guardian - UK

Inflation, economy lead US voters to trust Trump more than Biden: Poll

WASHINGTON: Voters in seven swing states are feeling the pain of rising prices for household essentials, according to a Bloomberg News and Morning Consult poll that points to trouble for President Joe Biden’s effort to make the economy a centerpiece of his bid for a second term.

The Times of India

Tesla To Take Its Time Building New Plant In Mexico Amid Economy Woes

Tesla is moving forward on plans to build the Giga Mexico plant, but the company is not in a rush to do so because of worries about the global economy.

InsideEVs

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Conversation

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Chicago Sun-Times

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Evening Standard

Drop in retail sales and public borrowing show double-edged impact of interest rate hikes

Alarm bells are ringing more loudly than the tills in the run up to the Autumn Statement and Christmas

The Independent UK

Here for a rave, not a Rönnskär: How Drumsheds built a superclub inside an old Ikea

The 15,000-capacity space in Tottenham is set to become the country’s biggest dance venue – just dont call it a superclub. Isobel Lewis speaks with the Drumsheds director about his ‘new centre of cultural gravity’ and sets out to see what all the fuss is about

WEKU

United Airlines will board passengers by window, middle, then aisle seats

Passengers in economy class will see the changes soon. Boarding remains unchanged for first class, business class and pre-boarding. The change is estimated to cut boarding times by up to 2 minutes.

The Independent UK

United Airlines is changing how you board planes – so is it actually faster?

United Airlines says that it will start boarding passengers in economy class with window seats first starting next week, a move that will speed up boarding times for flights

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The Independent UK

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

Federal Reserve Chair Jerome Powell says inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market

Fortune

Is Xexit nigh? Elon Musk denies talking about pulling X from the EU, but he may not have a choice

Musk is reportedly frustrated with the EU's new Digital Services Act—and the outlook for his social media platform in the world's third-largest economy is not bright.

France 24

What the Israel-Hamas conflict means for regional and global economies

Thousands of lives have been lost on both sides in the ongoing war between Israel and Hamas. The 2 million residents of the Gaza Strip are now going through one of their worst humanitarian crises, forced to find shelter from Israeli air strikes within a densely packed territory that's under…

Evening Standard

Higher pay demands might just tip us into recession

City Voices: In theory, a rise in earnings is a good sign of a healthy economy. So why all the worries about wage growth?

Fortune

Biden's historic stand with UAW members shows how far labor activism has come in America. True equal pay should be next on his agenda

Apart from the direct $180 billion boost to public finances, closing the gender pay gap could channel an additional $512.6 billion into the U.S. economy.

The Guardian - UK

UK fiscal watchdog admits ‘genuine errors’ in inflation forecasting

OBR says it underestimated strength and persistence of inflation as well as impact of high energy prices

Zenger

NY Fed: Student Loan Resumption Won’t Significantly Impact US Economy

New research suggests minimal effect on consumption despite estimated $1.6 billion reduction in monthly spending.

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