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The Latest Breaking News from Economy

The odds of a recession are now just 15% because fading inflation and a strong labor market are changing the equation, Goldman Sachs says

Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months.

Fortune

Hollywood's strikes are bulldozing the economy to the tune of 17,000 jobs and forcing a major studio to cut earnings guidance by $500 million.

The dual Hollywood strikes have eliminated legions of jobs and forced Warner Bros. Discovery to cut its projected profits.

Fortune

Universities and their students are vulnerable to money laundering – new research

Money laundering jeopardises the security of UK citizens and the integrity of its economy. Money launderers often target financial institutions, but they are also increasingly targeting lesser regulated or unregulated sectors, such as universities.

The Conversation

From analysis to the latest developments in health,
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Turning the corner, or turnaround job? Party leaders pitch big business

At a day-long conference in Wellington, campaigning politicians put on their most business-friendly faces for a who's who of private sector leaders.

Newsroom.co.nz

New BlackRock office to take NZ presence up a gear

Hot off $2b climate investment, BlackRock reveals New Zealand office plans and thinking on the local economy

Newsroom.co.nz

Nigerian workers walk off the job again to protest rising costs after removal of gas subsidies

Some employees in government offices in Nigeria walked off their jobs in protest of the growing cost of living due to the removal of gas subsidies, threatening to “shut down” Africa’s largest economy if their demands for improved welfare are not met

The Independent UK

The RBA’s interest rate-rising looks done – and a soft landing for the economy could be on

Australia’s economy might be just where Philip Lowe wants it – barring any nasty surprise – as he hands over to Michele Bullock

The Guardian - AU

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Global economic fears deepen as service sector dips in China and Europe

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

The Guardian - UK

London is a major reason for the UK's inequality problem. Unfortunately, City leaders don't want to talk about it

In recent years, there has been growing evidence that the UK economy is in poor shape. While the latest economic figures suggest it performed better as the COVID pandemic receded than was previously reported, the performance of sectors such as manufacturing, construction and agriculture has been revised downwards, leading some…

The Conversation

Scotland retains status as leading financial centre in Europe, report says

SCOTLAND has retained its status as one of Europe’s leading financial centres and second largest financial hub in the UK.

The National (Scotland)

Poor ONS forecasts could be hurting our economy

City Voices: Investment decisions have already been made based on the incorrect economic analysis

Evening Standard

Shanghai Composite Index Fell 0.71% on Tuesday

Shenzhen Component Index closed down 0.67%

Caixin Global

OpenAI CEO Sam Altman first person to get Indonesian golden visa

OpenAI chief executive officer Sam Altman is the first person to get an Indonesian golden visa as Southeast Asia’s largest economy seeks to draw foreign investors.

The Times of India

Humza Yousaf teases big policy changes ahead of major Holyrood speech

FIRST Minister Humza Yousaf is expected focus on childcare, poverty, and the economy in the first Programme for Government since taking power ...

The National (Scotland)

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The Times of India

China slowdown means it may never overtake US economy, forecast shows

WASHINGTON/BEIJING: China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched.

The National (Scotland)

Humza Yousaf to pitch 'pro-growth' agenda as SNP try to woo business

THE First Minister is expected to unveil a pro-growth plan for the economy during a major speech in the Scottish Parliament – signalling a desire…

Al Jazeera

Biden hits out at Trump in Labor Day speech focused on US jobs, economy

US president takes repeated shots at his predecessor’s economic record as 2024 election campaign begins to heat up.

Al Jazeera

Zimbabwe’s Emmerson Mnangagwa sworn in as president for second term

Re-elected leader pleads for unity and promises to revive ailing economy following last month’s disputed polls.

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news in one place.

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The Guardian - US

Why this Labor Day is so consequential

It’s not utopian thinking to imagine that, for the first time in world history, everyone could have a decent standard of living

The Guardian - AU

Labor is promising to close ‘loopholes’ that hurt workers. What’s changing and how will it work?

Tony Burke says his industrial relations bill will address wage theft and issues in the gig economy. Here’s what you need to know

The Hindu

After a documentary and a series, now comes a book on stamp paper scam

Activist Jayant Tinaikar is writing a book on Abdul Kareem Telgi, the fake stamp paper scam kingpin. It will be released in Mumbai on September 23. He claims to have exposed the scam and is bitter about not being given enough credit. The book is about Telgi's arrest and conviction,…

The Independent UK

Insider Q&A: Atlanta Fed President Raphael Bostic foresees interest rates staying higher for longer

The Federal Reserve has reached a delicate stage in its fight against inflation

The Week

What went wrong with the German economy?

Europe’s largest economy is engulfed by gloom following forecasts that it will suffer the G7’s only contraction this year.

WEKU

Robots are pouring drinks in Vegas. As AI grows, the city's workers brace for change

Workers in Las Vegas have been watching automation and technology inch into their workplace. Now with AI, the city is preparing to adapt its service-heavy tourism economy.

The Guardian - UK

Country Garden shares jump after Chinese developer strikes debt deal

European stocks hit three-week high as China’s government tries to prop up ailing economy

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