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The Latest Breaking News from Economy

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Hindu

Stock market today: Asian shares weaken while Japan reports economy grew less than expected

Shares have slipped in Asia after Japan reported its economy grew less than earlier estimated in the last quarter

The Independent UK

India needs to grow at 8-9% for 20 years to become developed country by 2047: Deloitte’s Romal Shetty

India needs to grow at 8-9% for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia CEO Romal Shetty said.

The Hindu

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Scottish Government will not back down on short term lets licensing, says Neil Gray

WELLBEING Economy Secretary Neil Gray has insisted that the Scottish Government will not back down on pushing ahead with the short term lets…

The National (Scotland)

Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

Caixin Global

Paul Krugman Warns Of ‘Very Nasty Fall’ For China

Unless the Xi Jinping-led administration returns to its communist roots, China's economy could experience a serious downturn.

Zenger

Trump’s Niece Disagrees With Branding Of Biden’s Economic Policy As Failure

The Biden campaign to make Bidenomics the focus of his reelection campaign does not appear successful, as per a report.

Zenger

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Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

The Guardian - AU

‘The death of this economy was greatly exaggerated’: Initial jobless claims just fell to their lowest level since February, increasing the odds of a soft landing

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

Fortune

How Biden wants to use G20 summit to prove US is a better partner than China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Independent UK

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

The Conversation

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

The Independent UK

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

Al Jazeera

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Barchart

Stocks Slump Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.58%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.88% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart

Stocks Fall Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.63% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

The Independent UK

Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy

The Guardian - UK

Councils going bust, schools crumbling, the NHS in crisis: the answer is more tax

Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth tax, says the Guardian’s economics editor, Larry Elliott

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The Independent UK

China exports decline slower than expected in August as economy remains under pressure

China’s exports declined at a slower pace in August, even as the world’s second biggest economy remains under pressure

The Conversation

How one student forced the government to admit the economic risks of climate change

Last month, a significant victory for climate change was won behind closed doors. In 2020, Katta O’Donnell, then a 23-year-old university student in Melbourne, launched a world-leading class action lawsuit against the Commonwealth government.

Fortune

September is usually a ‘rotten month for stocks.’ Here are 7 things top analyst Ed Yardeni believes could go wrong this time

Since 1945, the S&P 500 has dropped 0.73% on average in September compared with a 0.7% gain for the index across all months over the same period.

The Guardian - AU

Morning Mail: Sydney housing costs beat New York, ‘crumbly’ concrete checks, criminal complaint over World Cup kiss

Only five world cities are more expensive and crisis is hurting the economy, says thinktank

The Conversation

Australia's not likely to catch a cold, just a sniffle from China's economic downturn

There are few more reliable narratives in the business and financial press than, “If China sneezes, Australia will catch a cold”.

The Hindu

Botanical Survey of India gets patent for bamboo based reusable straw

This is a future technology to enhance the economy of farmers and bamboo growers of the island.

Newsroom.co.nz

MPs' report ignores track record of crypto boosterism

The government's inquiry into cryptocurrencies is based on hype and wish fulfilment rather than the proven track record of crypto and web3, argues Dr Olivier Jutel

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