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The Latest Breaking News from Economy

Wildfires are a severe blow to Maui's tourism-based economy, but other iconic destinations have come back from similar disasters

Major wildfires on the Hawaiian island of Maui have killed dozens of people and caused heavy damage, particularly in the historic town of Lahaina, as of Aug. 10, 2023. The state has asked all visitors to leave Maui and those planning to travel there to reschedule their trips – a…

The Conversation

OPINION - The Standard View: The UK economy is stuck in a low-growth trap

The UK economy is not in recession but it is stuck in a low-growth trap. GDP in the three months to June registered a 0.2 per cent jump, marking the fifth successive quarter in which the economy has kept its head above water since a 0.5 per cent advance in…

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

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Rishi Sunak’s five pledges hanging in the balance after several setbacks

Shortly after moving into No 10, the Prime Minister invited the British public to judge him on five key promises.

The Independent UK

London business groups team up to deliver plan for ‘higher-paying jobs’

Unemployment in London has consistently been higher than the UK average, despite the capital being the main driver of the UK economy

Evening Standard

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

The British economy unexpectedly grew in the second quarter of the year largely as a result of a strong rebound in June when many businesses, particularly in the leisure sector benefited from the warm and settled weather

The Independent UK

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

The Guardian - UK

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FTSE 100 Live: ‘Economy flickers to life’ but blue-chips lose 1%, Heathrow passenger numbers climb

The British economy finally saw some growth, albeit still slowly, in the second quarter, as GDP grew by 0.2%.

Evening Standard

UK shrugs off recession as economy grows by 0.2% in second quarter

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

Evening Standard

UK economy: Hot weather helps UK stave off recession as GDP grows unexpectedly

Hot weather helped Britain to shrug off recession, ONS chief says

The Independent UK

Stock market today: Asian stocks decline after US inflation edges higher

Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy

The Independent UK

UK economy avoids stagnation with 0.2% growth between April and June – as it happened

The UK economy beats forecast with growth by 0.2% between April and June, including surprisingly fast 0.5% growth in June alone

The Guardian - UK

Joe Biden fears China is ‘ticking time bomb' posing danger to world

WASHINGTON: President Joe Biden expressed concern that China’s economic and demographic problems have turned the world’s second-largest economy into a “ticking time bomb” that threatens the rest of the world.

The Times of India

Here's where inflation stands today — and why it's raising hope about the economy

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

WEKU

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Kiplinger

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say.

The Hindu

CM unveils logo for Tamil Nadu Global Investors’ Meet 2024

CM Stalin unveils GIM 2024 logo, stresses need to attract investments & showcase State's achievements. 241 proposals worth ₹2.97L cr, 4.15L jobs created since DMK came to power. GIM to help TN achieve $1T economy by 2030, industry captains urged to be brand ambassadors.

Barchart

Don’t Let an Overlooked Opportunity in Valvoline (VVV) Pass You By

While Valvoline is an incredibly boring company, a key trend in the consumer economy may bolster VVV stock for the long haul.

France 24

‘They effectively stop the economy’: Deadly protests erupt over Cape Town taxi strike

Violence has erupted all around Cape Town following last week's announcement of a disruptive taxi strike against new local legislation allowing authorities to impound irregular vehicles. In the absence of this critical mode of transportation, commuters living in nearby townships have been left stranded – an issue that has primarily…

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The Conversation

Zimbabwe heads to the polls amid high inflation, a slumping currency and a cost of living crisis

Zimbabwe is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dollar have combined to fuel a cost of living crisis for households and battered business activity.

The Week

How much is the Russia-Ukraine war costing?

It’s been almost 18 months since Russia began its invasion of Ukraine and an end to the conflict between the two states seems no closer.

Guitar World

Jeff Loomis is one of metal’s most technically audacious players – and learning his techniques can really up your shred game

Improve your alternate picking, arpeggios and tapping skills with these 5 lessons in the style of the Arch Enemy virtuoso

The Times of India

No-confidence motion: Despite global headwinds, Indian economy doing well, Nirmala Sitharaman says in Lok Sabha

NEW DELHI: Union finance minister Nirmala Sitharaman said on Thursday that despite global headwinds, India is among the fastest growing economies in the world.

Al Jazeera

Despite multiple crises, Tunisia’s president still has his supporters

Economic crisis and political repression have pushed many away, but Saied is still backed by some.

The Independent UK

Why Britain won’t escape the fallout if China’s economy stagnates

China has slipped into deflation and could be headed for ‘lost decades’ of stagnation, but its weakness also threatens the UK’s economic prospects, says Sean O’Grady

The Guardian - UK

China’s economy is struggling but fears of sustained deflation are premature

Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expected

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