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The Latest Breaking News from Economy

Shift focus from ‘Make in India’ to ‘Made by India’, students told at 73rd annual convocation of Karnatak University

Director for Indo-French Centre for Promotion of Advanced Research Nitin Seth has called upon graduating candidates to play a bigger role in the transformation of the nation by shifting the focus from ‘Make in India’ to ‘Made by India’

The Hindu

Point of No Return

Young Canadians face too many barriers to entry into the job market—an issue that could reverberate through the economy for years to come.

The Walrus

World Bank warns oil price could soar to record $150 a barrel

Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank

The Guardian - UK

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US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls

The Independent UK

German economy shrinks; UK remortgaging lowest since 1999; window firm Safestyle enters administration – business live

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

The Guardian - UK

As economy falters, more Chinese migrants take a perilous journey to the US border to seek asylum

A major influx of Chinese migration to the United States on a relatively new and perilous route through Panama's Darién Gap jungle has become increasingly popular thanks to social media

The Independent UK

Plan to build Aukus submarines in Adelaide is ‘a fairytale’ and ‘pork barrelling’, Alexander Downer says

Former foreign minister says building nuclear submarines at South Australian shipyard will ‘drain the national economy’

The Guardian - AU

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Strong competition as Vic economy ranked nation's best

Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.

AAP

‘It’s scary’: Israel war fears batter Lebanon’s struggling economy

Cafe footfall is down 80 percent; tourism has crashed and airlines are cutting flights even before Lebanon enters a war.

Al Jazeera

G-7 nations back strong supply chains for energy and food despite global tensions

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

The Independent UK

‘There is zero work’: Occupied West Bank paralysed as economy stalls

Israel-ordered shutdowns and settler attacks in occupied West Bank take devastating toll on Palestinian economy.

Al Jazeera

Towards a knowledge economy on the back of social progress

Kerala is celebrating its 68th State-formation day on November 1, at a time when the State is on the cusp of a profound transformation into a knowledge society

The Hindu

Fly directly from Chennai to Salem

IndiGo to operate direct flights b/w Chennai and Salem from Oct 29, 2023. Flights to Hyderabad and Bengaluru from Oct 30, 2023. Flight services resumed from Salem airport, promoting tourism and local economy.

The Hindu

Post G20 summit, India is being viewed as a soft power, says Vice-President Jagdeep Dhankar

Post G20 summit, India is being viewed as a soft power, says Vice-President Jagdeep Dhankar. India is sure to emerge as the third largest economy by 2030, thanks to the visionary leadership and affirmative policies of the Union government, observes Vice-President Jagdeep Dhankar while speaking at three-day centenary celebrations of…

The Hindu

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WEKU

5 things to know about a stunning week for the economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

USAFacts

The national budget deficit was $1.7 trillion in fiscal year 2023

The federal deficit grew to $1.7 trillion—more than $5,000 per person in the US—in FY 2023. The last budget surplus was in FY 2001.

The Hindu

Women can make the world better

Women must be given freedom, not just to be promoted within male-dominated institutions, to shape better, family-spirited institutions for governance

Barchart

U.S. Consumer Spending Suggests PayPal Could Be a Contrarian Options Play

The Commerce Department reported yesterday that the economy’s annual growth rate was 4.9% in the third quarter, the fastest pace in almost two years, and more than double the second quarter.

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news in one place.

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Capital & Main

Lessons From the Bust That Followed Bill Clinton’s Economic Boom

Historian Nelson Lichtenstein’s new book details the price we have paid for free trade, deregulation and failed health care reform.

Fortune

U.S. consumers are ‘walking towards a cliff’ and the jobs market is beginning to ‘fray at the edges,’ warns market strategist

Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for “tough times.”

StockNews.com

3 China Stocks with Growth Potential to Buy Today

China's economy displayed robust growth in the third quarter, underscoring Beijing's resolute commitment to achieving its annual growth target of 5%. Thus, it could be wise to scoop up shares of resilient China stocks LexinFintech Holdings (LX), X Financial (XYF), and Tarena International (TEDU), which exhibit solid growth potential. Read…

The Independent UK

Furious villagers slam ‘bodge job’ after wooden fence replaces ‘historic’ stone wall

Local councillor says move is a ‘false economy’ because fence will need replacing in a few years

France 24

Ex-Chinese premier and advocate for economic reform Li Keqiang dies aged 68

Former Chinese premier Li Keqiang died early this Friday from a heart attack at the age of 68, months after retiring from nearly a decade in office. When he took up his post, reformers had hoped Li would initiate bold economic change. Barclays even coined the term "Likenomics" to describe…

The Independent UK

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

Asian shares have advanced after the latest tumble on Wall Street

WEKU

Li Keqiang, a former premier of China who was edged aside by Xi Jinping, has died

Li was groomed for leadership, and was seen at one point as a contender for China's top job, only to be pushed aside as Xi Jinping ascended.

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