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The Latest Breaking News from Economy

FM pledges to work with council leaders as he hands over control of key project

THE First Minister has pledged to work with council leaders in Glasgow and surrounding areas as he transferred control of a regeneration project to…

The National (Scotland)

A recession might have been simpler than what awaits the U.S. economy

The Fed tamed inflation without also sparking a recession, but dangers still loom.

Fortune

Stock market today: Asian shares mostly rise after Fed chief speech

Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates

The Independent UK

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How the intergenerational report can help the Hunter get its economic house in order

We need to act now to ensure that the Lower Hunter economy beyond 2050 is diverse and prosperous.

Newcastle Herald

Tamil Nadu has surpassed average national growth: CM Stalin

TN CM M.K. Stalin announced that TN has surpassed the national avg. growth rate, with 8% in 2021-22 & 2022-23. He said TN's GSDP soared to ₹14,53,321 crores, setting the platform to become a $1-trillion economy by 2030. TN's Dravidian Model Govt. is propelling TN to new heights.

The Hindu

‘Suffering is continuing’: Mnangagwa declared winner in Zimbabwe election

Voters fear economic disaster as incumbent Emmerson Mnangagwa is returned for a second term.

Al Jazeera

Tamil Nadu’s economic growth increased to 8% at constant prices in 2021-22, 2022-23

The Hindu

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Pittsburgh Steelers connect with Gaelic games to grow fan base in Ireland

The Irish economy is getting a boost from the Notre Dame football game in Dublin

The Independent UK

Billionaire Ray Dalio says India’s moon landing is another sign of its ‘ascendence’—and predicts stellar growth for its economy

Dalio praised India and described its successful lunar mission as “another one of many straws in the wind showing its ascendence.”

Fortune

India’s urban population would require 230 million housing units by 2047

India's population to surge to 1.7B by 2047; 230M housing units needed. Report reveals shift to mid-segment and luxury housing, with lower-income households dwindling from 43% to 9%. Cumulative office space across top 8 cities to grow from 278M sq.ft. to 898M sq.ft. Retail consumption to rise from 4.6% to…

The Hindu

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

How high tensions between China and the U.S. are impacting American companies

Commerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.

WEKU

Cleantech, for an inclusive green future in India

In India, the green economy paradigm provides an optimistic pathway to align development and environmental outcomes

The Hindu

Labour to attack PM on economy after focus groups ‘irritated’ by his optimism

Exclusive: party says potential Tory-to-Labour switchers do not feel better off and find Sunak’s attitude ‘grating’

The Guardian - UK

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Chicago Sun-Times

Ease Venezuela sanctions to reduce number of migrants seeking asylum in America

The U.S. has been working for a regime change in that country. Using economic sanctions, our government has devastated Venezuela’s economy.

The Guardian - US

Fed chair warns US inflation battle not over and hints at further rate rises

Jay Powell tells symposium in Wyoming that inflation is still too high but that US central bank will ‘keep at it until the job is done’

Al Jazeera

Q&A: Maui wildfires ‘an acceleration of injustices’ long felt on island

Al Jazeera speaks to Kaniela Ing, director of Green New Deal Network, about devastating Hawaii blazes and what’s next.

Fortune

Dads used to only become primary caregivers when the economy was bad

Dads are staying home as a proactive choice, not a fallback option.

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news in one place.

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Fortune

Hawaii’s politicians are trying to get tourists back after deadly fires

Hawaii Senator Brian Schatz claimed "furloughs and layoffs" were underway due to tourists staying home after the state's deadly wildfires.

WEKU

Beyond the jabs, Wisconsin voters craved specifics from first GOP primary debate

Wisconsin voters took in the barbs, slams and jabs at a GOP debate watch party in downtown Milwaukee Wednesday night. But they were left with major policy questions.

Al Jazeera

A tale of two cities: Diaspora influx hikes cost of living for Ghanaians

The Year of Return in 2019 attracted foreign investment to Ghana but locals say it has led to soaring prices in Accra.

The Independent UK

Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech

Asian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy

Caixin Global

Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

The Independent UK

Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech

When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected

The Conversation

Regardless of Wagner Group leader Yevgeny Prigozhin's fate, Vladimir Putin benefits

On Aug. 23, Russian media reported that Yevgeny Prigozhin, the leader of the Wagner Group, was listed among the passengers of a plane that crashed, leaving no survivors. Speculation has already begun about Putin’s potential involvement in the crash. This speculation is likely to continue unabated well into the future.

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