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The Latest Breaking News from Economy

Delivery companies issue warning on workplace laws

Food delivery platforms have warned that planned gig economy changes could lead to higher delivery costs for consumers and fewer jobs.

AAP

Australians won’t experience real income growth until end of 2024, RBA forecasts

Domestic economy ‘more resilient than previously expected’, Reserve Bank says in quarterly statement

The Guardian - AU

How have oil prices changed in the US?

Oil prices have historically risen over time, but the last two decades have been particularly volatile.

USAFacts

From analysis to the latest developments in health,
read the most diverse news in one place.

Acknowledge India’s economic successes too

The Indian economy has grown at an impressive rate in the post-COVID-19 years, and the tagline, ‘fastest-growing major economy,’ calls for some elaboration

The Hindu

Sunak's climate shift is out of touch with the demands of the UK's workforce – here's why

Prime Minister Rishi Sunak plans to introduce a bill aimed at granting new oil and gas drilling licences in the North Sea. The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.

The Conversation

3 Consulting Giants Capitalizing on Government Spending

The “knowledge economy” is a hot topic right now, but it has existed in another format for a very long time. Consulting services are growing as knowledge becomes more and more niche and specialized, and governments and businesses alike are turning to outside knowledge for strategy, operations, and IT help…

StockNews.com

Subsea tunnels between Shetland isles 'could boost economy and green ambitions'

Building tunnels to link two islands to the Shetland mainland could help communities and the economy develop and support the move towards carbon…

The National (Scotland)

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Ingka Group CEO Jesper Brodin says there's no 'middle way' on China—and you can't suddenly de-risk 'if you invest like we do'

Despite a sluggish economy, Brodin said IKEA is committed to China: "You have to take some good years and some bad years from time to time."

Fortune

Caixin Summit: Asia’s Young Workforce Helps Control Inflation, BIS Official Says

The region’s agricultural sector and gig economy are also key factors in slowing price growth, Zhang Tao says

Caixin Global

UK mortgage arrears rise as high interest rates hit borrowers – as it happened

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

The Guardian - UK

Bait shortage white-ants bid to end spread of tiny pest

A shortage of baits is frustrating efforts to stop the spread of fire ants, which pose a huge threat to the Australian economy and the environment.

AAP

Banks pass on rate hikes to thrifty home loan customers

Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.

AAP

'Dark cloud' warnings over Queensland resources tax

The resources industry has pumped a record $116.8 billion into Queensland's economy but the state government has been warned it could lose investors.

AAP

How Saudi Arabia’s unchallenged 2034 World Cup bid could weaken Fifa’s human rights demands

In 2010, Qatar was awarded the rights to host the 2022 Fifa men’s World Cup. It marked the culmination of the small, oil-rich gulf nation’s long-term strategy to diversify its economy and strengthen its international standing through investment in sport, culture and tourism.

The Conversation

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Evening Standard

A tax on robots is the last thing the economy needs

City Voices: the Government should be doing everything it can to incentivise firms to invest more, not less

The Independent UK

German government advisers see only modest economic growth next year

The German government’s panel of independent economic advisers is forecasting that the country's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year

The Guardian - AU

The RBA has only one tool to fight inflation with – and households are being hammered

No homeowner under the age of 55 has had to cope with interest rates rising like this

Fortune

Consumers have been propping up the U.S. economy when no one else could—now the debts are being called and they can’t pay their bills

Americans’ credit card balances have hit a record high.

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news in one place.

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France 24

Protests and clashes continue in Bangladesh over garment workers' wage demands

Bangladesh's garment worker unions have rejected a 56 percent minimum wage increase made by a government-appointed board on Tuesday, saying it doesn't cover basic living expenses. On Wednesday, clashes with police erupted in a garment industry hub on the outskirts of Dhaka, leading to the death of one worker. In…

Fortune

Fortune 500 Europe: Germany the biggest business powerhouse on the continent

In Fortune's first-ever ranking of Europe's top 500 corporations by annual revenue, Germany stands out with the highest representation, boasting a total of 80 companies in the rankings.

StockNews.com

The Dark Side of the Recent Stock Rally

Hooray! Bond rates are down and the stock market is sprinting higher including a bullish breakout for the S&P 500 (SPY). Unfortunately as we pull back to the bigger picture there could be a very negative reason for those lower bond rates. If true, then in time stocks will plummet.…

Fortune

From Wall Street to Main Street and tax cuts to bailouts, BofA just dropped a list of 15 huge changes for investing in the 2020s

Goodbye capital, hello labor. Au revoir tax cuts, bonjour bailouts. And finally, farewell to deflation, and a weary welcome to inflation.

Evening Standard

OPINION - We’re all trapped in an internet re-education camp and it’s melting our brains

Does Brexit make you sick to your stomach, did you secretly love lockdown, while using your extra time on performative dissertations on social media, imagining yourself as an expert epidemiologist while delighting in shaming anyone you perceived to be questioning social distancing or masks? Do you despise Boris Johnson for…

The Hindu

Experts call for a robust cybersecurity strategy for Vizhinjam seaport

Vizhinjam Seaport needs proactive cybersecurity measures to protect from physical and cyber threats. Seminar organised by University of Kerala discussed threats and opportunities associated with port sector. Blue economy has immense possibilities for Kerala, with 66% of land close to sea and two major ports. Capacity building of fishing community…

Fortune

'The era of “do nothing, the boss can’t fire me" is over' says Ivy League professor Jeremy Siegel, as workers face down fear of layoffs

Professor Jeremy Siegel said staff looking over their shoulders at laid off peers may have actually proved useful to the economy.

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