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The Latest Breaking News from Economy

Wagner gold smuggling critical to keeping Russia’s economy afloat, MPs say

Parliamentary report also criticises the ‘remarkably complacent’ attitude of the government to Wagner’s activities across the last decade

The Independent UK

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day.

The Hindu

Where are Home Prices Headed for the Remainder of 2023 and Beyond?

After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Moody’s Maintains Israel’s Rating Amid Judicial Reform Concerns

Morgan Stanley Downgrades Creditworthiness, Netanyahu remains optimistic about the economy

Zenger

Israel's government has passed the first part of its legal overhaul. The law's ripples are dramatic

The Israeli government has passed the first major piece of legislation in Prime Minister Benjamin Netanyahu’s plan to overhaul the country’s legal system

The Independent UK

Moving away from the ‘take-make-dispose’ model

India has prioritised Resource Efficiency and Circular Economy as one of the core themes for deliberations in the G-20 forum

The Hindu

Israel Signs Free Trade Deal With Vietnam, Expanding East Asian Partnerships

Agreement expected to boost trade and economic growth, strengthen Israeli exports

Zenger

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Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Independent UK

How is State economy good when it pays ₹18,000 crore as interest on loans every year: Congress

Ponnala Lakshmaiah challenges KCR to release white paper on Kaleshwaram project. He claims CM has never responded to requests for debate on project cost, loan raised, interest paid. Ayodhya Reddy claims govt showing loans as income, misleading people

The Hindu

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

The National (Scotland)

U.S. consumer confidence jumps to a two-year high as inflation eases

U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates

The Independent UK

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

Evening Standard

What Do These 3 China Stocks Have in Common? Quality and Smart Money Interest

The Chinese economy demonstrated immense resilience despite facing many challenges. This solidity is strengthened further by an array of initiatives deployed by the nation, which have the potential to fortify its financial terrain. Therefore, quality Chinese stocks Alibaba Group Holding (BABA), FinVolution Group (FINV), and LexinFintech Holdings (LX), owned significantly…

StockNews.com

MMO fans lament reintroduction of World of Warcraft's most hated item as raid ring goes for $13,000 in gold

WoW Classic's economy is in shambles

GamesRadar

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Roll Call

Nervous automakers await rules pushing them toward EVs - Roll Call

Automakers say the Biden administration’s goal of 67 percent of new cars being electric by 2032 is not reasonable or achievable.

France 24

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

The Guardian - UK

Nigel Farage says NatWest management ‘should go’ after CEO Rose admits discussing his bank account with BBC – as it happened

Dame Alison Rose admitted to serious error in discussing Nigel Farage’s relationship with Coutts with a BBC journalist.

The Independent UK

Stock market today: Asian markets follow Wall St up after Chinese promise to support economy

Asian stock markets have followed Wall Street higher after China’s ruling Communist Party promised to shore up its sagging economy ahead of a Federal Reserve meeting that traders hope will announce this interest rate cycle’s final increase

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news in one place.

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StockNews.com

3 'A' POWR Rated China Stocks With Tons of Buying Interest

Despite the challenges, the Chinese economy has exhibited resilience in navigating the pressure and maintaining stability. Thus, fundamentally strong stocks X Financial (XYF), China Automotive Systems, Inc. (CAAS), and Sunlands Technology Group (STG), rated A (Strong Buy) in our POWR Ratings system, could be ideal picks. Let’s discuss….

The Guardian - UK

MPs urge Sunak to attend Cop28 and stay true to net zero

All-party climate group says backing away from green policies would be catastrophic for the economy

Fortune

Economists were mostly dead wrong about America crashing into recession. Just look at how they’ve changed their minds

Economists polled by Bloomberg said there was a 70% chance of a U.S. recession last December—now they say the odds are just 58%.

StockNews.com

3 High-Value China Stocks to Get Your Hands on Today

Given the robust performance in the fiscal first half, China's economic prospects appear increasingly luminous. Furthermore, the nation is launching numerous initiatives to fortify its economic landscape. Hence, it could be wise to invest in robust China stocks Ping An Insurance (PNGAY), NetEase (NTES), and Vipshop Holdings (VIPS), trading at…

The Guardian - UK

Ulez is more than a political football – it’s a matter of life and death for people like me

Letters: Readers on London’s ultra-low emission zone and its role in the Tory victory in the Uxbridge and South Ruislip byelection

The Conversation

When mafia threatens democracy: research shows ordinary people are less honest in countries hit by organised crime

Organised crime casts a long shadow, driving violence and an illicit economy. But our research has uncovered some more subtle dimensions to its influence, too. We’ve found that organised crime can undermine the civic honesty of ordinary, law abiding people.

The Guardian - UK

Pound on worst run since March 2020 as weak economy curbs interest rate rises

New report suggests British economy almost stalled in July as consumers limited spending

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