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The Latest Breaking News from Economy

The Guardian view on the Chinese economy: it looks bad. What we can’t see may be worse

Editorial: Political tightening and an anti-espionage law make it harder for outsiders to gauge the situation. How accurately can insiders do so?

The Guardian - UK

Nigerian leader swears in 45-member Cabinet with a promise to fast-track reforms

Nigerian President Bola Tinubu has sworn in a new Cabinet of 45 ministers with a promise to fast-track reforms aimed at improving lives in Africa’s biggest economy and most populous country

The Independent UK

The government’s ‘Treasury brain’ has got the UK in an economic mess. How can we cure it?

Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money

The Guardian - UK

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Amazon.com (AMZN) vs. Meta Platforms (META): Which Stock Is Holding Strong in This Economy?

The internet industry has a promising future, driven by rising internet usage and changing consumer needs. While leading internet stocks Amazon.com (AMZN) and Meta Platforms (META) should benefit, let us analyze which stock exhibits strength in this economy.

StockNews.com

Essential poll: three in four Australians say rents should be capped to inflation or frozen until economy improves

Housing tussle between Labor and the Greens does not impact PM’s popularity with 37% feeling positive about Anthony Albanese

The Guardian - AU

UAE says not flouting ally sanctions as its economy warms to Russia

WSJ claims the UAE is benefitting from the war in Ukraine, providing a refuge for Russian money.

Al Jazeera

‘My Fears and Hatred’: Navalny lambasts the 1990s democrats of Russia

Jailed opposition leader slams those charged with rebuilding Russia’s politics and economy after the Soviet collapse.

Al Jazeera

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Intergenerational report to warn of slow growth and pressures on revenue

New extracts released ahead of the government’s Intergenerational Report show it warns Australia’s economy will grow more slowly in the coming 40 years than in previous decades.

The Conversation

Protests rock government-held areas in southern Syria as economy crumbles

Syrian opposition activists say protests have broken out in two government-held provinces in the south amid widespread anger over increasing prices, the crash of the Syrian pound and the dwindling purchasing power of many people in the war-torn country

The Independent UK

China's central bank cut a key interest rate to boost loans, but investors expected more

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged. The move comes as China's economy has struggled to recover from the impact of the pandemic. The move has defied expectations…

France 24

China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

The Guardian - UK

Why China is grappling with falling prices – and being compared to Japan

The world’s second-largest economy is grappling with deflation, raising fears of Japan-style stagnation.

Al Jazeera

Explained | What the fate of Luna 25 means for Russia

Luna 25 failed in its mission to soft-land near the moon’s south pole, due to a technical glitch. The mission was part of Russia's attempt to demonstrate its economy's resilience and to ensure access to the moon's surface. Despite speculation, the mission was not in a race with Chandrayaan 3.…

The Hindu

Senator responds to report – as it happened

This blog is now closed.

The Guardian - AU

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The Conversation

You don't have to be an economist to know Australia is in a cost of living crisis. What are the signs and what needs to change?

This article is part of The Conversation’s series examining Australia’s cost of living crisis.

Barchart

Jackson Hole Meeting, Earnings and Other Key Themes to Watch This Week

This week we again have the excitement and opportunity of earnings plays, but we also have the Jackson Hole Symposium where monetary policy is discussed. In addition, we have the usual monthly news releases to create some volatility in the market.

The Guardian - UK

The Guardian view on Rishi Sunak’s priorities: they’re not working

Editorial: Whether it is on the economy, the NHS or small boats, the prime minister is failing to meet the targets by which he said his government should be judged

Newsroom.co.nz

Red bands in the black but, above the line, Fonterra puts farmers in red ink

Brace for impact as markets tumble on renewed central bank warnings, and Fonterra lowers its farmgate milk price forecast for the second time in a fortnight. Andrew Patterson reports.

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The Independent UK

Lionesses thanked for ‘inspiring millions’ as World Cup final set to give £185m boost to UK economy

‘You have done yourselves and this nation proud,’ Prince of Wales tells England’s beaten finalists

The Hindu

New Mangalore Port Authority’s profit expected to touch ₹450 crore during 2023-24, says chairman A.V. Ramana

NMPA Chairman A.V. Ramana announced that the port is expected to earn a profit of ₹450 crore in 2023-24. The port is working with the State govt. to launch a day heli taxi service for cruise passengers. The port's contribution to local economy is seen through cruise passengers spending US$150…

The Guardian - AU

Australia’s population to grow at slowest rate since federation, intergenerational report forecasts

Australians are expected to live longer and remain healthier to an older age, while having fewer children over the next 40 years

The Conversation

'Care' economy to balloon in an Australia of 40.5 million: Intergenerational Report

Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report, to be released by Treasurer Jim Chalmers on Thursday.

Al Jazeera

Five key issues at stake in the Zimbabwe elections

Ahead of the August 23 election, multiple issues are at stake including Zimbabwe’s long-running economic woes.

The Guardian - UK

China is too big for a Soviet Union-style collapse, but it’s on shaky ground

With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden

The Hindu

What next after a degree?

Simple grads face uncertain future. Universities must collaborate with government schemes, design courses tuned to market economy, build enthusiasm for research and ensure desirable companies reach out for campus placement. This will increase relevance of simple grads and create job opportunities for financial independence.

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