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The Latest Breaking News from Economy

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

The Independent UK

China is again on the brink of deflation as the country's flat September CPI revives 'real risk' of falling prices

China's disappointing September CPI shows that the country's economy is still struggling with low consumer confidence.

Fortune

Gaza depends on UN and other global aid groups for food, medicine and basic services – Israel-Hamas war means nothing is getting in

International aid groups are warning that they cannot deliver food and other basic services to people in the Gaza Strip and that a “dire” humanitarian crisis is set to worsen.

The Conversation

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Migrants flounder in Colombian migration point without the money to go on

In Necocli, Colombia, the local economy has shifted, revolving around the migrants who have been arriving for several years

The Independent UK

Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?

Rather than being vetoed by bond markets, policymakers are seeking higher rates–and getting what they want.

Fortune

2024 Chevrolet Trax Review: Major Glow-Up

The updated Trax actually finally has the charm and style of other subcompact crossovers like the Honda HR-V and Mazda CX-30.

Motor1

Rishi Sunak’s pledge to halve inflation is now under real threat

If oil and gas deliveries reduce, prices will soar. In anticipation of what may unfold, they have been climbing already

Evening Standard

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Full force of interest rate hikes is yet to be felt, says Bank of England official

Swati Dhingra says economy has flatlined and millions of mostly young and poorer people could be affected if rates stay high

The Guardian - UK

‘Business class-only’ airline to bring in economy seats just weeks after first flight

‘More flexibility’ said to be behind the switch from purely premium seating

The Independent UK

Shocks are new normal for weakened global economy, says IMF head

Kristalina Georgieva says fund had been conducting ‘thinking the unthinkable’ scenario-planning before Israel-Hamas war began

The Guardian - UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

UK economy grew by 0.2% in August – but recession concerns remain

Rise in GDP fuelled by business services amid worries that impact of recent interest rate hikes yet to be felt

The Guardian - UK

UK economy returns to growth but remains stuck in the slow lane

Britain’s economy returned to growth in August but remains firmly stuck in the slow lane, new official figures reveal today.

Evening Standard

Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now

Goldman Sachs economist says it would take a ‘shock to the broader economy’ to make homebuying more affordable.

Fortune

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The Hindu

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

The Independent UK

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

Fortune

America’s new industrial revolution is creating a procurement economy. Unless we act now, it will make the racial wealth gap even worse

America is facing a looming supplier pipeline challenge–but tackling it would have huge economic and social payoffs.

Newsroom.co.nz

Decoding major parties' economic credentials

There's no real data to suggest the economy is better off under a National or Labour government, writes Andrew Bevin

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Fortune

Most millennials and Gen Zers feel they have it a lot harder than their parents did in today's economy

Recessions, inflation, an overpriced housing market, and student debt have all made the American Dream feel out of reach for younger generations.

The Guardian - AU

IMF sees bleaker economic times ahead for Australia, but the picture’s not all bad

Global assessment says country’s in better position this year than forecast six months ago, but revises down growth outlook to a historically bad 1.2%

The National (Scotland)

UK to have highest inflation and slowest growth of any G7 economy, IMF says

THE UK is set to become the slowest growing economy among major developed nations next year, according to the International Monetary Fund (IMF).

The Independent UK

German government forecasts that the country's economy will shrink by 0.4% this year

Germany's government says it expects the country’s economy to shrink by 0.4% this year

The Times of India

Israel-Hamas conflict may help Russia in war against Ukraine

Russia is set to benefit from the Israel-Hamas conflict, as Israel’s requests for US military aid risk diverting weapons and focus from Ukraine while the rising price of oil bolsters Moscow’s economy.

The Hindu

Sincere respect for sovereignty and territorial integrity remains foundation for reviving Indian Ocean as strong community: Jaishankar

India's EAM Jaishankar said multilateral rules-based order, respect for sovereignty & territorial integrity is foundation for reviving Indian Ocean as strong community. India will contribute to build capacity, secure safety & security in region, focus on Maritime Safety & Security & Blue Economy. India will work to strengthen IORA's institutional,…

AAP

COVID-19 costing the Australian economy billions

Three years after the pandemic began, the COVID-19 virus is still taking a toll on the economy in sick days and healthcare costs.

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