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The Latest Breaking News from Economy

China 2023 Economic Growth Tipped To Be Weakest In Decades

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

International Business Times

Australian Open: Victorian premier defends $100m Tennis Australia bailout during Covid pandemic

Jacinta Allan says event is a ‘key anchor’ on the state’s major events calendar and is worth millions to the economy

The Guardian - AU

Dollar Uncertain, Yuan Cautious Amid China's Data Release

Stay updated on the latest developments in the forex market as the dollar experiences fluctuations and the yuan braces itself for China's data release.

Top News

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IMF Chief Says AI Holds Risks, 'Tremendous Opportunity' For Global Economy

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

International Business Times

Is the World Economic Forum still relevant?

Experts weigh in on how much value actually Davos provides to the global community.

Al Jazeera

Don't count Biden out: January polls are historically unreliable

As 2024 begins, Joe Biden’s hopes of being re-elected president of the United States look shaky. Recent approval ratings have him at 39 per cent, consumer sentiment on the economy sits near a 10-year low and early polls have him down about two points in a hypothetical rematch with Donald…

The Conversation

Interim Budget may see measures to boost consumption demand, push agri economy

Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1

The Hindu

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Taiwan election outcome may impact global economy, AI impersonates George Carlin

This content discusses the importance of the upcoming presidential election in Taiwan, the potential impact on global economy, the controversy surrounding ...

Top News

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

The Guardian - AU

Illinois homeowners should take a shine to rooftop solar panels. It will help the climate and lower energy costs.

Rooftop solar panels will help Illinoisans save money and ease the transition of our state to a clean energy economy, state Rep. Daniel Didech writes.

Chicago Sun-Times

The Fiscal Hawks Were Right About Debt and Interest Rates

Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.

Reason

Have the Houthi Red Sea attacks hurt Israel’s economy?

Most of Israel’s trade is through the Mediterranean. But longer-term risks to Israel’s economy are growing, say analysts

Al Jazeera

Sushi restaurants are thriving in Ukraine, bringing jobs and a 'slice of normal life'

Ukraine's economy is battered by Russia's full-scale invasion, but its consumer economy is still running — especially the country's popular sushi restaurants, where cream cheese is a key ingredient.

WEKU

EDF customers fear a cold winter after off-peak electricity rate almost doubles

Economy 7 users have always paid much cheaper rate to recharge storage or water heaters overnight

The Guardian - UK

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Iran's Dark Fleet fuels economy, skirting U.S. sanctions

Discover how Iran is skirting U.S. sanctions and smuggling large amounts of crude oil to China through the Dark Fleet or Ghost Armada of tankers.

The Independent UK

Donald Trump Jr schooled online over glaring gaffe about US economy

‘It’s wild that literally every metric is objectively better but MAGA prefers to be treated like crap by their cult leaders’

Top News

Fed's 2023 Paper Loss Soars as Interest Expenses Surge

The Federal Reserve reports a significant paper loss for 2023 due to a surge in interest expenses, highlighting the impact on the US economy.

Evening Standard

The UK economy is going nowhere useful -- but that allows for mortgage cuts

City Comment: The economy and the voters are muddling through -- there are worse things

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The Hindu

SC issues summons to Centre on Kerala’s suit alleging financial restrictions

The Supreme Court on January 12 agreed to examine an original suit filed by Kerala alleging that the Centre was violating the federal structure of governance and causing “severe damage to the economy of a small State with meagre resources” by interfering with the finances of the State.

Fortune

Europe's largest economy, struggling to pull itself out of recession, hit with rail strikes and farmers' protests to start 2024

Chancellor Olaf Scholz is slipping in polls, while a surging far-right party is backing the protesting farmers, who are losing some of their precious subsidies.

International Business Times

Ukraine Army Spy Chief Pledges More Attacks On Crimea

Ukraine's military spy chief Kyrylo Budanov said in an interview published Friday that Kyiv's attacks in Russian-annexed Crimea were set to intensify, adding that Moscow's economy was proving surprisingly resilient despite sanctions.

Top News

US Bank Profits Decline Due to Insurance Fund Charges

Learn why big U.S. bank profits have taken a hit due to charges on insurance funds and shrinking lending margins, impacting the economy.

InsideEVs

Naval Attacks In Red Sea Force Tesla To Pause Berlin Gigafactory For Two Weeks

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

Top News

US Wholesale Inflation Falls, Indicates Easing Price Pressures

Wholesale inflation in the US fell in December, signaling easing price pressures. The report suggests slowing inflation and a resilient economy.

The Guardian - UK

Oil prices hit $80 a barrel as fears grow over Red Sea disruption to trade

Experts warn of economic impact of sustained shipping attacks and Middle East tensions

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