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The Latest Breaking News from Economy

Caixin China New Economy Index Rises Again on Growing Investment

The NEI increased 1.5 points in September to 31.9, marking a third straight month of growth

Caixin Global

Fears China ‘closing in on itself’ amid crackdowns, rising nationalism

From laws on espionage and security to fewer foreign films and clothing bans, is China turning away from the world?

Al Jazeera

Chad Looks To Israeli Agritech To Transform Economy

Israeli initiative supports Great Green Wall, providing Chad with vital agricultural technologies

Zenger

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Fed's Powell gets an earful about inflation and interest rates from small businesses

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

The Independent UK

Hunt’s speech pleases Tory faithful but is unlikely to resonate with voters

Cost of living crisis, rising unemployment and extended NHS waiting times will determine government’s chances in general election

The Guardian - UK

Glaciers can give us clues about when a volcano might erupt

Globally, there is about one volcano erupting each week. Volcanic unrest kills an average of 500 people every year and costs the global economy roughly US$7 billion (£5.7 billion). With one in 20 people living somewhere at risk of volcanic activity, every effort that can be made to improve the…

The Conversation

Argentina's economic crisis: whoever wins presidential election is on a collision course with the IMF

Argentina is heading to the polls on October 22 for a presidential election dominated by another profound economic crisis. In September, annual inflation in Latin America’s third-largest economy hit 124%, its highest since 1991.

The Conversation

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Nigeria's new blue economy ministry could harness marine resources - moving the focus away from oil

Nigeria’s President Bola Ahmed Tinubu announced a new ministerial portfolio in August: Marine and Blue Economy. This was welcome news as it renewed hope for economic development outside the oil sector. We asked marine sustainability and blue economy expert Isa Olalekan Elegbede to explain how the ministry could benefit Nigeria.

The Conversation

Cleverly warns Beijing that war with Taiwan would collapse Chinese economy

James Cleverly insisted the UK had influence with China because it had concerns about declining Western trade.

The Independent UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Independent UK

Kenya’s Economy Struggles With Rising Inflation And Depreciating Shilling

Inflation rates soar, fuel and food prices spike, as Kenya grapples with economic challenges.

Zenger

Why hard-right libertarian Javier Milei wants to dollarise Argentina’s economy

Javier Milei, the "anarcho-capitalist" presidential candidate who took the lead in the August primaries with his "Liberty Advances" political coalition, owes much of his electoral success to his promise to dollarise the Argentine economy. Disoriented by hyperinflation and rising poverty, many Argentinians see the adoption of the US dollar as…

France 24

Bank of Japan survey shows manufacturers optimistic about economy

Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey

The Independent UK

Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted

Asian shares are mostly higher in thin trading with many markets closed for holidays

The Independent UK

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The Conversation

The road is long and time is short, but Australia's pace towards net zero is quickening

This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.

The Guardian - UK

The Guardian view on Argentina’s presidential election: the danger to democracy is real

Editorial: Public spending hikes and pro-poor tax cuts might fix the economy and be popular enough to stop the far right

Barchart

3 Stocks to Buy if You Believe Jeffrey Gundlach's Prediction of an Impending Recession

Consumer staples stocks, such as Kroger and Sysco, can help you create a defensive moat for your portfolio if the U.S. economy enters a recession next year.

The Independent UK

Nigeria's leader increases wages to avert a strike that could shut down the government

Nigeria’s leader has increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy

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The Guardian - UK

Tory swing voters switch to Labour after Sunak’s green retreat, poll finds

Survey shows nearly 90% of 2019 Conservative voters say green industry is vital to UK’s economic growth

The Conversation

Trade unions and the new economy: 3 African case studies show how workers are recasting their power in the digital age

From US car factories to public sector workers in Nigeria and South Africa, strikes by trade unions continue unabated among the established sectors of the working class. In Detroit in the US, workers are resisting contract employment. In Nigeria they are angry over the rising cost of living and in…

The Guardian - UK

We really could still rejoin the EU. But Tory Britain isn’t up to it

The Conservatives could be out of office for two terms. Labour has the chance to govern with seriousness and restore trust

WEKU

Janet Yellen says a government shutdown would add to risks of a recession

Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. "It's really reckless and will impose immediate harm," Yellen told NPR.

Fortune

An official who spent 4 decades at the Fed says $2 trillion in annual reparations is the least we can do to fix systemic racism: ‘I just don’t want to wait for another generation’

“All of us who have money and power now, we don’t bear any responsibility, we just kind of … hope somebody else will take care of it," says Jeff Fuhrer.

Fortune

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we're all seeing and watching—fearfully’

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

The Independent UK

China's factory activity expands for first time in six months, in latest sign economy is recovering

An official Chinese survey says the country's factory activity has recorded its first expansion in six months, providing another sign that the world’s second-largest economy is gradually improving following its post-pandemic malaise

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