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The Latest Breaking News from Economy

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune

California Gov. Newsom is right. Truck drivers and autonomous trucks can thrive together–not just coexist

Newsom recently vetoed legislation that would have all but banned autonomous trucks in the California, instead allowing the regulatory process to play out.

Fortune

US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

Even though the painful inflation of the past two years has soured many people’s view of the economy, millions have remained willing to splurge on vacations, concert tickets and sports events.

Chicago Sun-Times

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Energy bills: how households could feel the cold this winter

As winter starts to bite, you may be starting to worry again about how much you will have to pay for your gas and electricity over the coming months. Of course, energy isn’t the only rising cost in the current inflation-led economy, which has caused most households to see a…

The Conversation

The U.S. economy posted stunning growth in the third quarter — but it may not last

Gross domestic product surged from July to September as Americans opened their wallets big time, but there are doubts about how long this blistering pace of growth can last.

WEKU

ECB keeps interest rates steady amid eurozone recession fears

Widely expected decision by European Central Bank follows 10 consecutive rises in borrowing costs

The Guardian - UK

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy

The European Central Bank is likely taking a break from interest rate increases

The Independent UK

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Gaza needs billions in aid to reverse years of restrictions, UN trade body

The Gaza Strip needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on Wednesday by the United Nations trade body.

Radio France Internationale

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes

The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates

The Independent UK

First Minister hails wellbeing economy importance ahead of Jimmy Reid lecture

THE First Minister has hailed the importance of the wellbeing economy to the Scottish independence cause ahead of a lecture at a left-wing think…

The National (Scotland)

London’s Resilience Shines: Major Investment Firms Bet On UK’s Financial Hub

Andreessen Horowitz chooses London as its international base, highlighting the city's strengths amid Brexit and pandemic challenges.

Zenger

Latinos are becoming a major economic force in U.S.

Latinos are becoming larger contributors to the U.S. economy thanks to greater income and education.

Fortune

Billionaire says vote for climate with career switch

More than two clean energy jobs will be created for every fossil fuel-related job lost, tech billionaire Mike Cannon-Brookes tells a net-zero jobs fair.

AAP

The man who named the bond vigilantes 40 years ago just crowned a new king as the bond market goes through a multitrillion-dollar wobble

Bill Ackman, who just reversed a big get against Treasuries, is the new king imposing government fiscal discipline.

Fortune

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Evening Standard

OPINION - Rishi Sunak faces mounting problems on first anniversary in No 10

Rishi Sunak could be forgiven for looking at the state of the polls (the Tories trail Labour by 20 points) the state of his party (it could face a further by-election thanks to yet another misbehaving MP) and the state of the world (gestures broadly at everything) and feel somewhat…

The Conversation

We quizzed 4,000 people on the economy – here's who knew the most

People in the UK say the economy and inflation are currently the most important issues facing the country. But do Britons actually know much about how the economy works?

The Guardian - AU

Parting the ‘Red Sea’: Sydney buses would sail through intersections under automated lights plan

NSW white paper finds traffic jams are deterring workers from taking the bus and weighing on the state’s economy

The Hindu

Chhattisgarh farm loan waiver announcement raises new questions

Congress announces farm loan waiver in Chhattisgarh; questions raised on policy, political narrative. Government claims initiatives have strengthened rural economy, but loan waiver raises doubts

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news in one place.

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The National (Scotland)

Glasgow's economy crippled by poor public transport, report finds

Centre for Cities claims that the economy is being held back in part because hundreds of thousands of workers struggle to commute between the city…

The Independent UK

Neglecting women’s health at work could cost UK economy £20.2bn a year – analysis

A new survey suggested 68% of women have experienced poor physical or mental health at work.

Chicago Sun-Times

Striking autoworkers are right: Focus on equity in transition to clean energy, electric vehicles

As the auto industry shifts to electric vehicle production and the global economy shifts to green energy, there’s a chance for more equity for Black workers, the head of the National Urban League writes.

The Independent UK

Stock market today: World shares mixed after China pledges more support for slowing economy

World shares are mixed after China pledged more spending to counter its economic slowdown

The Guardian - UK

UN report: 80% of Gaza inhabitants relied on international aid before war

Unctad outlines conditions last year, with unemployment rate of 45% one of highest in world

The National (Scotland)

Wellbeing Economy Secretary heads to UAE on net zero trade mission

Wellbeing Economy Secretary Neil Gray is to head to the United Arab Emirates (UAE) this week as he touts Scotland’s renewables potential.

Evening Standard

Lloyds Bank: UK economy to grow but house prices to keep falling

LLOYDS BANK doubled its forecast for UK economic growth this year and insisted that consumers remain resilient in the face of gloomy predictions for the jobs market and global political strife.

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