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The Latest Breaking News from Economy

Chile's December Economic Activity Disappoints with Unexpected Drop

Chile's economic activity disappoints as it sees a drop in December, defying earlier estimates. Find out more about the country's economic performance.

Top News · Feb 1, 2024

Honourable mention for bioeconomy in Interim Budget, with trillion-dollar potential in mind

Budget 2024: Finance minister Nirmala Sitharaman announced a new bio-manufacturing scheme in the 2024-2024 Interim Budget to boost India's bio-economy, but budget cuts may hinder progress.

The Hindu · Feb 1, 2024

EU Leaders Seal Deal for Billion Support Package for Ukraine

The leaders of the 27 EU countries have reached a deal to provide Ukraine with a billion support package for its economy, overcoming threats of a veto ...

Top News · Feb 1, 2024

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Inflation in Europe Eases, Boosting Speculation of Rate Cuts

Inflation in Europe eases to 2.8% in January, fueling speculation of interest rate cuts. The decline offers hope for a stagnant economy.

Top News · Feb 1, 2024

India budget 2024: What does it say about the economy, elections?

The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.

Al Jazeera · Feb 1, 2024

With UK PM under pressure, is Labour on track for a landslide election win?

Polling suggests a huge defeat for the Conservatives later this year. Professor Tim Bale says it’s too early to predict.

Al Jazeera · Feb 1, 2024

Union Budget | Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman

FM Nirmala Sitharaman Budget 2024 Speech: Indian economy witnesses positive transformation, projected to become third largest in the world with a GDP of $5 trillion

The Hindu · Feb 1, 2024

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IMF Authorizes $4.7 Bn For Argentina After Milei's 'Bold' Reforms

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.

International Business Times · Feb 1, 2024

Cuba Delays 500% Fuel Price Hike Over 'Cybersecurity' Incident

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.

International Business Times · Feb 1, 2024

Former Treasury Secretary Steven Mnuchin endorses President Trump for 2024

Former Treasury Secretary Steven Mnuchin discusses his thoughts on the current situation with Iran, the state of the US economy, and why he is endorsing fo...

Top News · Feb 1, 2024

Argentina Lawmakers Debate Milei's Hefty Reform Package

Argentina's lower house of Congress on Wednesday began what is expected to be a marathon debate on President Javier Milei's mega-bill to reform the economy, politics and even some aspects of private life.

International Business Times · Jan 31, 2024

Fed Holds Rates Steady, Pushes Back on Cuts: What the Experts Are Saying

The Fed is in no hurry to bring interest rates down from a 23-year high.

Kiplinger · Jan 31, 2024

Federal Reserve holds rates steady, pushes back on rate cut expectations

Discover the latest decision by the Federal Reserve on interest rates. Gain insights into their stance on rate cuts and the current state of the economy. S...

Top News · Jan 31, 2024

The Federal Reserve holds interest rates steady but signals rate cuts may be coming

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

WEKU · Jan 31, 2024

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The Hindu · Jan 31, 2024

Modi government has lost the plot on structural reforms: P. Chidambaram

The Union government, led by Prime Minister Narendra Modi, has not carried out any structural reforms, its boast about India becoming a $5-trillion economy soon is misleading, and the government’s economic growth figures are suspect, says former Union Finance Minister P. Chidambaram. Edited excerpts:

International Business Times · Jan 31, 2024

UK Opposition Labour Courts Business Before Election

With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy.

InsideEVs · Jan 31, 2024

'Unfathomable': Judge Fires Elon Musk's $55B Pay Package Into The Sun

Plus, more on why General Motors is embracing hybrids again, and Volkswagen starts an AI lab.

Top News · Jan 31, 2024

IMF Raises India's Growth Forecast to 6.5% for Next Year

The IMF has raised India's growth forecast to 6.5% for the next financial year, reflecting a positive outlook for the country's economic recovery.

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International Business Times · Jan 31, 2024

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

Evening Standard · Jan 31, 2024

Sadiq Khan slams Home Office visa changes as 'damaging economic policies' for London

'We should support skilled workers who want to come here and fill roles,' the Mayor says

Evening Standard · Jan 31, 2024

The Bank of England has failed. It must urgently lower interest rates

City Voices: The MPC has turned a blind eye to the economic warning signs that monetary policy is too restrictive

Top News · Jan 31, 2024

BOJ Considers Stimulus Exit Scenarios, Adopts Hawkish Stance

The Bank of Japan (BOJ) adopted a more hawkish stance in January, discussing potential exit strategies for stimulus measures. Find out more in this summary.

The Guardian - UK · Jan 31, 2024

UK risks steep decline without £28bn green economy pledge, Labour warned

Business leader says investment in low-carbon economy is ‘absolute minimum’, a view echoed by other experts

The Guardian - UK · Jan 31, 2024

What is Labour’s £28bn green plan – and could it be shelved?

Party’s pledge to invest in a low-carbon economy looks to be at risk amid nervousness over making spending commitments

Top News · Jan 31, 2024

IMF Lowers UK's 2025 Growth Outlook Amid Strong Past Performance

The International Monetary Fund (IMF) has lowered its growth forecast for the UK economy in 2025, citing stronger performance in the past as a reason for t...

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