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The Latest Breaking News from Economy

Borrowing Surges Among Private Shenzhen Enterprises

Tech hub in southern China’s Guangdong — the country's hottest economy — shows reviving business confidence as supportive policies take hold

Caixin Global

Tories have no room for tax cuts despite £52bn a year stealth rise, says IFS

UK stuck between weak economic growth and risk of persistently high inflation, says thinktank

The Guardian - UK

UK economy in ‘horrible’ bind with no room for tax cuts as recession looms – IFS

Britain is heading towards a recession next year as borrowing costs stay elevated, the IFS warned in its latest Green Budget.

The Independent UK

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read the most diverse news in one place.

Humza Yousaf to pledge £300 million to cut NHS waiting lists in Scotland

The Scottish First Minister will also use his speech to the SNP conference to insist support for independence can increase to a ‘sustained majority’.

The Independent UK

Taylor Swift’s Eras Tour Generates Billions, Boosts Economy

Swift's record-breaking concert series pumps billions into sectors from hospitality to retail, with projected earnings surpassing GDP of smaller countries.

Zenger

International experts to feature in Keraleeyam seminars

Keraleeyam 2023: 20+ int'l experts to lead 25 seminars. Robin Jeffrey, Patrick Heller to discuss Kerala economy. Richard A. Cash to lecture on pandemic. Prakash Kalarickal, Glenn Denning to speak on dairy, food security. World Bank's Dilip Ratha, Rajai Jureidhini from Hamad Bin Khalifa Univ. to join.

The Hindu

It is the responsibility of every citizen to see that India becomes the world’s third largest economy: Governor

Gov. Gehlot urges citizens to strive for India's past glory, stressing the need to protect the environment and improve the economy of animal husbandry and fishing. He highlighted the importance of agriculture, saying it can create investment and employment opportunities. 837 students received convocation certificates and 128 gold medals were…

The Hindu

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BRS is running Telangana like a private limited company, says Rajnath Singh

Rajnath Singh accuses BRS of running Telangana like a "private limited company steeped in corruption and nepotism". He praises Eatala Rajender for winning Huzurabad bypoll despite alleged abuse of power. India is the 5th largest economy and will become 3rd largest by 2027-28. Bhu Svamitva scheme to facilitate determination of…

The Hindu

Are These 2 Beaten-Down REITs Worth Buying for Their High Dividend Yields?

These tower REITs look to offer compelling value after their catastrophic implosions, though the current macroeconomic environment poses plenty of challenges.

Barchart

Kenya's cost of living crisis: expert unpacks what's driving it and what should be done

Kenyans are grappling with the high cost of living. Policy analyst Adan Shibia led a technical team that prepared a recent report on the state of Kenya’s economy. We asked him to unpack what’s driving costs, who’s affected and what can be done about it.

The Conversation

Even with economic worries, Vivid Seats CEO says customers still pay to see sports and hair bands

Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn't see demand in his industry falling off

The Independent UK

Some trains to get one additional general second class coach and lose one AC three-tier economy coach

SWR to augment/de-augment 28 trains for Dasara; Train No. 17347/17348 SSS Hubballi-Chitradurg-SSS Hubballi Daily Express partially cancelled. SWR to augment 28 trains with additional coaches for Dasara. Slight revision in timings of Train No. 17332 Hubballi-Miraj Daily Express between SSS Hubballi and Desur.

The Hindu

Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy

The Guardian - UK

The Observer view on Keir Starmer: Labour is ready to govern, but can it deliver on growth without spending?

As it stands to inherit a country and economy that is on its knees, the party will need to navigate fiscal caution with offering voters hope

The Guardian - UK

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AAP

All eyes on jobs data as marker of economic health

Fresh jobs data will offer key insights into the health of the economy as the Reserve Bank tries to navigate its soft landing.

Salon

"Dire" humanitarian crisis in Gaza

As Israel prepares to invade and orders civilians to leave, life for Gaza residents can only go from bad to worse

The Hindu

Kumarakom ushers in its first full-scale tourism season with enthusiasm

Kumarakom is bouncing back from pandemic-induced challenges with an influx of tourists, hotels & house boats receiving forward bookings & RT Mission witnessing an unprecedented surge in bookings. Local economy is stimulated as house boat operators, crew & traders are eager to regain lost ground.

The Guardian - US

‘He acts like Wolverine’: who is Javier Milei, Argentina’s presidential frontrunner?

The hard-right libertarian has brandished a chainsaw on the campaign trail, found fame on TV scrutinizing the economy and evangelizing about tantric sex, and appears poised to win

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The Independent UK

Evolving crisis fuels anxiety among Venezuelans who want a better economy but see worsening woes

Venezuelans have come to feel the decade-long crisis that undid their country as one numbingly featureless expanse of struggles

Fortune

JPMorgan Chase CEO Jamie Dimon warns the Israel-Hamas conflict ‘may have far-reaching impacts’ on the economy. ‘This may be the most dangerous time the world has seen in decades’

“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,” Dimon warned.

StockNews.com

China's Best: 3 Top-Rated Stocks Garnering Investor Interest

China’s economy appears to be showing signs of stabilization amid new stimulus measures and recent economic data signaling optimism. So, let’s look at top-rated Chinese stocks Alibaba Group (BABA), JD.com (JD), and Hello Group (MOMO), with immense investor interest. Keep reading….

The Conversation

Empire building has always come at an economic cost for Russia – from the days of the czars to Putin's Ukraine invasion

President Vladimir Putin’s invasion of Ukraine has come at huge economic costs. By conservative estimates, the Russian economy has taken a US$67 billion annual hit as a result of war expenses and the effects of economic sanctions. In the early stages of the invasion, some analysts put the costs even…

Evening Standard

Jeremy Hunt issues bleak warning on UK economy at IMF conference

Chancellor says high interest rates mean he has had to borrow up to £30bn more than planned

The Independent UK

Doom-laden Hunt gives bleak verdict on UK economy as Bank of England chief warns of ‘tight’ interest decisions

The chancellor said the world is in ‘a very dangerous place’, adding that he is ‘focusing on resilience in the face of those shocks’

The Independent UK

China's inflation data show economy in doldrums despite a slight improvement in trade

China's economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses

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