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The Latest Breaking News from Economy

Shinde announces ₹45,000 crore development package for drought-hit Marathwada

Maharashtra CM Eknath Shinde announces ₹45,000 cr package for drought-affected Marathwada region. Revised administrative sanctions for irrigation projects worth ₹14,000 cr to bring 8 lakh hectares of land under irrigation. CM, deputies & Ministers staying in govt guest house, not five-star hotels. Shiv Sena MLA Aaditya Thackeray says govt has…

The Hindu

‘I saw how grotesquely unqualified so many of us were’: Rory Stewart on his decade as a Tory MP

When he arrived in 2010, he was surrounded by people who looked like him – and shared some of the same assumptions. Then, as the world changed in unimaginable ways, he watched in horror as the people in charge failed to change with it

The Guardian - UK

How the UAW strike could have ripple effects across the economy

There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.

WEKU

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What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

Asia Cup, India vs Bangladesh: Shardul Thakur's golden arm again comes in handy

All-rounder Shardul Thakur has unique ways to get among the wickets. A long hop, a cross seam, a knuckle ball, slower bouncer, half volley on leg-stump, anything will do for him if there is an entry in the wickets column. Don’t worry about his economy rate of 6.15 in the…

The Times of India

Labour pledges spending discipline as it reveals possible manifesto policies

No extra money for childcare revolution as policies on areas from green economy to immigration are set out

The Guardian - UK

Mismanagement of economy push the country into terrible misery, unemployment: Parakala Prabhakar

Mr. Prabhakar was speaking about ‘Social Impact of Demonetisation’, a talk on Indian Economic System organised by Samadharsi, a cultural, democratic initiative in Thrissur on Friday.

The Hindu

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Bidenomics: why it's more likely to win the 2024 election than many people think

Joe Biden has come out fighting against perceptions that he is handling the US economy badly. During an address in Maryland, the president contrasted Bidenomics with Trumpian “MAGAnomics” that would involve tax-cutting and spending reductions. He decried trickle-down policies that had, “shipped jobs overseas, hollowed out communities and produced soaring…

The Conversation

Libya floods: why cash is the best way to help get humanitarian aid to people affected by disasters

The heavy rainfall that hit Libya during Storm Daniel caused two dams and four bridges to collapse in the coastal city of Derna, submerging most of the city in floodwater and claiming thousands of lives.

The Conversation

Prosecutors warned Trump’s knowledge of Twitter search warrant could ‘precipitate violence’, court filings show – as it happened

Court filing shows social media network handed over former president’s messages to federal election interference investigation

The Guardian - US

Markets Today: Stocks Slip on Higher Bond Yields and Chip Stock Weakness

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.08%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.25%. Stock index futures this morning are mixed. Stock index futures gave up overnight gains and turned lower as bond yields rose after a measure of...

Barchart

US economy going strong under Biden – Americans don’t believe it

Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both parties

The Guardian - US

Markets rally amid hope for global economy and interest rates peaking

HOPES that the global economy could shrug off long standing sluggishness and move into growth increased today with some decent economic statistics from China.

Evening Standard

China’s factory output improves, offering hope of easing economic slowdown

Investment in real estate continues to fall, underscoring weakness in all-important property sector.

Al Jazeera

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The Independent UK

Stock market today: Asian shares gain after data show China's economy stabilizing in August

Asian shares are mostly higher after China reported that its slowing economy showed signs of stabilizing in August

The Independent UK

China economic data show signs slowdown may be easing, as central bank acts to support growth

China has reported its factories picked up their pace and retail sales also gained momentum in August, suggesting the economy may be gradually recovering from its post-pandemic malaise

The Independent UK

China welcomes Cambodian and Zambian leaders as it forges deeper ties with Global South

The leaders of China and Zambia have announced an upgrading of their ties to a comprehensive strategic cooperative partnership, as the world’s second-largest economy forges deeper ties with the Global South

Barchart

Stocks Close Higher on Optimism the U.S. Economy is Headed for a Soft Landing

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.82%. Stocks on Thursday settled moderately higher, with the S&P...

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The Independent UK

Watch live: Biden delivers economic address in Maryland amid son’s indictment

Watch live as President Joe Biden makes remarks on the U.S. economy at Prince George’s Community College in Maryland .

Evening Standard

One of Australia’s richest men apologises after calling for job losses

Property developer Tim Gurner says ‘we need to see pain in the economy’ to curb ‘arrogant’ workers

WEKU

What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy

A crop of IPOs are coming, starting with chip designer Arm, which is making its debut on Thursday. It's another sign of confidence in markets — and the U.S. economy.

The Guardian - AU

Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Property developer and Gurner Group CEO says suggestion unemployment should increase by 40% to 50% to create more productive workers was ‘wrong’

The Times of India

Revealed: Where and how Pakistan is keeping its nuclear weapons

NEW DELHI: We all know that Pakistan's economy is in shambles. Frequent protests are erupting over high fuel prices and exorbitant power bills. Petrol is being sold at a record high of Rs 300/litre and there are power outages of many hours across many cities.

The Guardian - AU

Australian economy adds 65,000 jobs in August, raising prospect of further rate hikes

Unemployment rate remains steady at 3.7% in a sign that the economy could avoid a hard landing as impact of 12 interest rate rises is felt by households

The Conversation

How action over parliamentary spying scandal could affect the UK's economic relationship with China

The arrest of a parliamentary researcher on suspicion of spying for China has fuelled calls in Westminster for tougher action against China by the UK government. This could impact the UK economy since China is an important trading partner and industry investor.

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