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The Latest Breaking News from Economy

Axing HS2 Manchester leg would be a tragedy, says UK infrastructure chief

Sir John Armitt says cost of project needs to curbed, but that there are ‘massive benefits’ to economy in continuing

The Guardian - UK

Use of AI has specific implications for the economy: Union Finance Secretary

Union Finance Secretary T.V. Somanathan delivered the CA S. Hariharan Memorial Lecture that was organised by The Institute of Chartered Accountants of India

The Hindu

Mary Trump Calls Out Donald’s Lies In NBC Interview

Psychologist and niece of former president exposes false claims on economy, immigration, and Afghanistan

Zenger

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Can U.S. Lawmakers Avoid a Government Shutdown?

U.S. lawmakers have less than ten days to come up with a spending bill to fund the U.S. government or risk a shutdown. An extended shutdown could roil the U.S. economy, which already must contend with an ongoing autoworkers strike, soaring gasoline prices, higher interest rates, and the restart of...

Barchart

New York Times writer draws ire for blaming Biden’s economy for $78 airport meal

After David Brooks posted a photo of his burger and whiskey, many pointed out the cost of the drink probably pushed up the tab

The Guardian - US

Over 3,500 mining units halted operations in A.P. owing to burden of multiple taxes, says industry body

FEMMI's Ch. Rao urges A.P. govt. to meet stakeholders as 50,000 workers lost livelihood due to mining crisis. 10,000 workers of Srikakulam's granite industry unable to earn daily wage. Govt. has not implemented simplified slab system & reduced power tariff. Consideration Tax, 10-fold increase in dead rent & compulsory production…

The Hindu

Ghana police arrest 49 as high cost of living triggers street protests

In recent months, public discontent has been growing in Ghana over the rising cost of living for everyday people.

Al Jazeera

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David Brooks’ $78 Newark Airport meal gripe that went viral is now a hilarious meme

This is now a meme everywhere.

USA Today Sports Media Group

Hopes for the high street and the economy rise as economic gloom lifts

Better-looking retail sales and consumer confidence numbers are published in same week BOE holds rates

Evening Standard

FTSE 100 Live: ‘Recession increasingly likely’, shares end week lower

Retail sales figures have kept the UK economy in focus after yesterday’s knife-edge rates decision by the Bank of England.

Evening Standard

U.P. to contribute significantly in India’s $5 trillion economy goal, says President

President Murmu hails U.P. International Trade Show as a milestone in state's dev. journey. India determined to become 3rd largest economy; U.P. to contribute significantly to $5 trillion goal. Showcasing 'One District One Product' products & others by 2K exhibitors. CM Adityanath says U.P. moved from BIMARU to prosperous state,…

The Hindu

New York Times columnist David Brooks roasted for complaints about $78 airport meal

‘This is why Americans think the economy is terrible,’ says Brooks

The Independent UK

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU

2024 Nissan Z Nismo Gets 19 MPG Combined, Matching BMW M2

The combined MPG figure is two MPG less than the standard model with the automatic and one less than with the manual gearbox.

Motor1

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The Guardian - UK

‘He is making the UK a climate villain’: MEPs denounce Sunak’s net zero retreat

Politicians from across the divide say ‘suicidal’ policy U-turns will harm environment and Britain’s economy

Fortune

During historic auto strike scaring Wall Street, Biden’s economic advisor says workers want a ‘fair slice’

Council of Economic Advisers Chair Jared Bernstein claims the UAW strike is actually a sign the economy is doing well.

The Conversation

G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Guardian - UK

Judging by the state of the UK economy, the Bank is done with interest rate hikes

Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity

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news in one place.

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Al Jazeera

Power crisis, bird flu trigger imminent chicken shortage in South Africa

Africa’s most advanced economy is enduring frequent electricity cuts that ramp up cost of business, including poultry.

Reason

'Bidenomics' Is Failing Everyday Americans

The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.

Fortune

Deutsche Bank CEO says Germany risks becoming ‘the sick man of Europe’ unless structural fixes are made

Deutsche Bank's Christian Sewing thinks structural reforms are key to Germany global competitiveness.

The Guardian - UK

Bank of England’s interest rate pause raises hopes peak has been reached

Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressure

The Independent UK

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

The Guardian - US

Dreamers face fresh blow in long fight to stay: ‘They view us as second class’

Many Daca recipients in limbo about their future in the US, the country they have called home for years, after judge’s ruling

AAP

Call to bring forward net-zero to future-proof economy

Australia needs to transition to net-zero emissions by 2035 if it wants to avoid a climate and economic catastrophe, science and engineering groups say.

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