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The Latest Breaking News from Economy

Why Janet Yellen isn't worried about the $33 trillion national debt

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

Fortune

Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

The Conversation

In China, Albanese might find an economy as uncertain as Japan's 30 years ago

When Prime Minister Anthony Albanese visits China later this year he will encounter a nation whose future is about as uncertain as it was 50 years ago when Gough Whitlam became the first Australian prime minister to visit in late 1973.

The Conversation

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Spinning the numbers while ignoring the threats

Politicians are spending the election campaign weaving all sorts of financial figures into a cloth that suits their narrative – but there's another issue on the horizon that would overshadow everything.

Newsroom.co.nz

Wall Street’s Dr. Doom is sounding downright sunny as he predicts a 'short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022

Nouriel Roubini saw a “variant of another Great Depression” less than a year ago, but now he’s open to a soft landing without any recession at all.

Fortune

Unfortunately for the Tories Liz Truss is the gift that keeps on giving

Almost a year after her disastrous mini-budget, ex-PM says she was right and the economy and everyone else was wrong

The Guardian - UK

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

The Independent UK

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Liz Truss blames ‘groupthink’ for economic damage under her watch

While former PM takes some responsibility for markets crisis after mini-budget, she says main fault lay with Bank of England

The Guardian - UK

First Thing: US and Iran expected to complete $6bn prisoner swap deal

Conservationist Morad Tahbaz among prisoners to be swapped in deal involving unfreezing of Iranian oil money. Plus, has the Chinese economy reached its peak?

The Guardian - UK

Watch: Liz Truss urges government to cut taxes one year on from disastrous mini-budget

Watch as Liz Truss makes a speech on the economy on Monday (18 September), urging the government to cut taxes in a speech one year after her disastrous mini-budget.

The Independent UK

Green MSP 'corrects' BBC reporter twice in clash over road safety

GREEN MSP Mark Ruskell was forced to “correct” a BBC presenter twice during an interview on road safety.

The National (Scotland)

Sunak’s Tories, Starmer’s Labour: Britain is stuck in a doom loop of failed economics. Here’s the way out

We rely on too many old ideas. Governments must foster growth that is innovative and sustainable, says economist Mariana Mazzucato

The Guardian - UK

Peak China? Jobs, local services and welfare strain under economy’s structural faults

Faced with record high youth unemployment and bankrupt local councils, the country’s population is beginning to feel the weight of the economy’s flaws

The Guardian - AU

Labour demand Sunak block Liz Truss’s resignation honours

Sunak should not reward those ‘who crashed the economy’, Labour said

The Independent UK

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Newsroom.co.nz

Tone of election to be revealed in big data week

A slowing economy expected out of GDP, trade and consumer confidence

The Hindu

Minister unfurls national flag to mark Kalyana Karnataka Utsav in Bidar

Khandre lauds leaders who fought for Kalyana Karnataka's liberation. 5 guarantee schemes launched by Congress-led govt to improve economic conditions of poor & State economy, increasing GSDP. Procession with portrait of Patel taken out to mark Kalyana Karnataka Utsav. Leaders, students & pro-Kannada orgs participated.

The Guardian - UK

Key ‘Bidenomics’ architect calls for spending ‘race to the top’ on green tech

Biden adviser Heather Boushey urges UK and Europe to increase climate friendly investment to reboot growth

The Hindu

Finance Minister Nirmala Sitharaman celebrates artisans' contribution to India's economy

Nirmala Sitharaman highlighted artsan’s profound impact on the nation’s history and economy.

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The Guardian - UK

A year on from Liz Truss’s mini-budget, the UK economy is still stuck in first gear

Truss was right in saying Britain needed economic growth – where she was badly wrong was in her prescription

The Hindu

Golden Telangana lay shattered betrayed by Delhi, Hyderabad Govts, says Congress Working Committee

CWC slams BRS & BJP for unfulfilled promise of 'Golden Telangana'. People's resources siphoned off by those in power. Congress committed to an inclusive economy, promises six key guarantees to people of Telangana. Vote for Congress to reignite dream of 'Bangaaru Telangana'.

The Times of India

You have been eating Paratha wrong all this time, experts explain why

Incorporating ghee in the food balances the nutritional requirement of an agriculturally dominant economy. From rice to roti, ghee is added to everything that we eat. We don't mind adding one or two extra spoonful of ghee to our meal and this has been in practice even before doctors and…

The National (Scotland)

Humza Yousaf pledges to set out economic case for independence in coming months

HUMZA Yousaf has pledged ministers will set out the economic case for Scottish independence over the coming months with the message “It does not…

The Canberra Times

These Canberrans are working towards a future without fashion waste

Which is more sustainable? Op-shops, renting or buying less?

The Guardian - UK

Rishi Sunak is less trusted on the UK economy than recent Tory PMs, poll finds

Prime minister can find comfort in ranking above Liz Truss, however

The Guardian - US

US tech investment sparks dreams of Rust Belt economic revival – but results are uneven

As Biden’s 2022 Chips Act sees $280bn poured into economy, new industry has come to some towns but floundered in others

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