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The Latest Breaking News from Economy

UK economy at risk of recession after worse than expected third quarter decline

THE UK is at risk of falling into a recession after revised official figures show the economy declined between July and September.

The National (Scotland)

Blow for Rishi Sunak as revised GDP figures show economy in reverse

PM promised growth as one of five key pledges – but the ONS figures reveal it is going in reverse

The Independent UK

We'll all be buying secondhand tech in 2024, latest MPB report predicts

We talk with Matt Barker, founder and CEO of MPB, to discuss selling creative kit and how the recommerce market is soaring.

Creative Bloq

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UK Economy Takes a Tumble, Hints at Possible Recession

Uh-oh, it seems the UK economy took a dive in Q3, raising concerns of an imminent recession. Time to brace ourselves and hope for a miraculous recovery!

Top News

New pressure to cut interest rates as UK economy falters and US inflation dips

Inflation fall to 3.2% fuels calls for Federal Reserve to cut rates sooner as UK GDP figures push economy towards recession

The Guardian - UK

Prices Bite Into Greek Christmas Even As Economy Improves

Greece's traditional Christmas sweets made of icing sugar, honey and powdered almonds tantalise shoppers ahead of the festive season as they do every year.

International Business Times

Recession fears return after new figures show GDP fell in third quarter

Fall in output threatens to derail Rishi Sunak's pledge to grow the economy

Evening Standard

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Stock market today: Asian shares are mixed after a rebound on Wall Street

Shares are mixed in Asia after several strong profit reports helped Wall Street claw back most of its sharp losses from day before

The Independent UK

Rail fares in England to rise 4.9%; UK economy on brink of recession; US PCE inflation slows – as it happened

UK GDP fell by 0.1% in July-September, worse than first estimated, raising fears of a recession

The Guardian - UK

After bumpy recovery, China’s economy faces serious headwinds in 2024

The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues.

Al Jazeera

Weekly Must-Read: China May Find Cure for Stagflation by Studying Japan’s Experience

As Japanese economy rises from slump, China’s woes look familiar

Caixin Global

Japan's Core CPI Surges 2.5% YoY, Stoking Economic Momentum

Japan's economy shows signs of resilience as core CPI rises 2.5% year-on-year in November, reflecting a positive trend in inflation. A glimmer of hope amid...

Top News

Mortgage rates hit record low, boosting home buyer affordability

Exciting news for potential homebuyers as mortgage rates hit a new low! With falling rates and a strong economy, it's the perfect time to consider buying a...

Top News

Can Apple’s Torrid Rally This Year Continue in 2024?

Shares of Apple (AAPL ) rallied to a new record high last Thursday and are up 50% this year, driven by optimism it will continue to churn out big profits regardless of the health of the economy. However, after reporting four consecutive quarters of declining revenue, fresh headwinds are making...

Barchart

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InsideEVs

Tesla's Latest Production Hell: Batteries For The Cybertruck

Can Tesla get its updated 4680 batteries ready for the Cybertruck?

Top News

Jobless claims rise slightly as third-quarter GDP growth trimmed

Jobless claims in the US see a slight uptick as the third-quarter GDP growth is trimmed. Stay informed about the ever-fluctuating US economy!

The Independent UK

The Czech central bank cuts key interest rate for the first time since June 2022 to help economy

The Czech Republic’s central bank has cut its key interest rate to help the country's struggling economy

The Independent UK

World Bank projects that Israel-Hamas war could push Lebanon back into recession

The World Bank says the ripple effects of the war in Gaza are likely to knock Lebanon’s fragile economy back into recession

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The Independent UK

EU pays the final tranche of Ukraine budget support for 2023. Future support is up in the air

The European Union has paid the final tranche of a multibillion-euro support package to Ukraine to help keep its war-ravaged economy afloat this year

Top News

Brazil's Central Bank Maintains Easing Pace amid Inflation Concerns

From the samba beats to the soaring inflation expectations, Brazil's central bank elegantly dances with easing measures to tame the unanchored economy.

Fortune

There’s a ‘Great Economic Mismatch’ between experts and everyday Americans–but a 2024 soft landing could be about to bridge it

In 2024, the U.S. economy would benefit from Americans reducing their consumption.

Latin Times

Major Agricultural Groups Urge Reopening Of US-Mexico Crossings

Dozens of agricultural groups emphasized how badly this closure is hurting the country's economy, adding that the Union Pacific Railway estimates that $200 million in economic activity is lost daily due to this closure.

Top News

Seoul's Parliament Greenlights 2024 Budget for South Korea's Economy

South Korea's parliament gives a thumbs up to the 2024 budget, paving the way for economic growth and innovative ventures. Exciting times ahead!

Top News

Bank of Indonesia Maintains Interest Rates, Meeting Expectations

Indonesia's central bank maintains interest rates unchanged as expected, signalling stability in the country's economy amidst global uncertainties.

Top News

Oops! UK's Budget Deficit Swells in Surprise November Blitz!

Surprise! UK's economy takes an unexpected hit as budget deficit in November surpasses expectations. Time for creative solutions to get back on track!

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People

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