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The Latest Breaking News from Economy

A 'shadow economy' of firms like hand car washes and nail salons is exploiting workers – and regulations are making things worse

Almost a million UK workers do not receive holiday pay and the UK continues to lag behind most European countries in tackling the exploitation of these workers.

The Conversation

The fast, furious, and brutally short life of an African male lion

The death of a lion in Kenya’s picturesque savannas rarely tugs at people’s hearts, even in a country where wildlife tourism is a key pillar of the nation’s economy. But when one of the most tracked male lions in Kenya’s famous Masaai Mara was killed on 24 July 2023 the…

The Conversation

Kate Forbes backs vote of SNP members on governing deal with Greens

KATE Forbes has backed calls to “check in” with SNP members on whether the Scottish Government should continue with the Bute House Agreement…

The National (Scotland)

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In previous downturns the world turned to China as an engine of growth – this time that driver may not be there

What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?

The Guardian - AU

UK 'heading for five years of lost economic growth', report concludes

THE UK is on course to experience “five years of lost economic growth”, according to a new report.

The National (Scotland)

UK ‘at risk of recession next year’ due to soaring interest rates, economists warn

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

The Independent UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Advanced manufacturing 'key' to transforming Hunter economy

'There's so much pressure from government around sovereign manufacturing.'

Newcastle Herald

UK economy faces ‘stuttering growth’ over next 2 years due to higher interest rates

The National Institute of Economic and Social Research says the economy will avoid a recession

The Independent UK

China slides into deflation: What is deflation and what are its impacts

China's economy is in trouble. The country has slipped into deflation, with consumer prices contracting for the first time in more than two years. This is a major setback for the Chinese government, which had hoped to achieve a strong economic recovery after the Covid-19 pandemic.

The Times of India

China slides into deflation as consumer, factory prices drop

BEIJING: China’s consumer and producer prices both declined in July from a year ago, a sign of deflation pressure as demand in the world’s second-largest economy weakens.

The Times of India

Risk of UK recession at next general election is 60%, says thinktank

Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peak

The Guardian - UK

UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The National Institute of Economic and Social Research said in its main forecast that the economy will avoid a recession

The Independent UK

Scotland has had ‘slower growth’ in employment and wages since 2014, report says

Scottish Liberal Democrat economy spokesperson Willie Rennie MSP said the SNP must get serious about ending ‘depressed economic performance’.

The Independent UK

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The Independent UK

Local businesses in northern Nigeria feel the sting of regional sanctions against neighboring Niger

A decision by a bloc of West African nations to shut down their borders with Niger as a way of sanctioning its coup plotters is harming local businesses in northern Nigeria, where a cross-border economy has boomed for years

Texas Observer

How Less-educated Whites Fell Behind and Blamed Race

In Arkansas, a reporter examines the effects of stagnant economy on the place she came from, and how it encouraged racism among white people.

Ballotpedia

International Sustainability Standards Board and European Union release ESG reporting standards

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Barchart

Crude Undercut by Concern about Weak Chinese Energy Demand

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is down -0.37 (-0.13%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy prices. Also, concerns about China's economy are undercutting crude prices...

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The Guardian - UK

The death of the nightclub: what Britain will lose when the dancing stops

More than a third of Britain’s nightclubs have closed since June 2020. Yet they boost mental health and artistic innovation - and bring in billions for the economy

The Guardian - UK

Chinese economy slips into deflation as recovery falters and demand slows

Consumer price inflation data shows prices fell by 0.3% year on year in July

The Guardian - AU

‘Bit of a conundrum’: contradictory economic signs make RBA rate prophecies difficult

Surveys point to two-track economy with low consumer confidence but business in a relatively strong position to weather any slowdown

The Independent UK

US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile

Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years

Fortune

Fitch downgrade a belated vindication for S&P analyst who stripped U.S. of prized rating

In 2011, Nikola Swann incurred the ire of the most powerful person on Earth when he downgraded the U.S. federal government's AAA debt rating.

Evening Standard

FTSE 100 Live: IHG, Abrdn, Glencore post results, China exports slump, shares lower

The struggling China economy and results from Glencore, Abrdn and hotels group IHG are in focus for London traders today.

The Guardian - UK

Italy hits banks with windfall tax, sending shares sliding; China’s trade slumps – as it happened

Rolling coverage of the latest economic and financial news

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