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The Latest Breaking News from Economy

Services sector fuels India economic growth to fastest in a year

NEW DELHI: India’s economy is expected to shine in its latest report card on strong services growth and a pick up in manufacturing despite elevated interest rates.

The Times of India

Top Stories of the Month: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Why I joined 70 economists and human rights experts urging Labour to change course

Labour seems spellbound by the Tories’ economically illiterate cult of austerity – but there is another way to help Britain thrive, says Kate Pickett, co-author of The Spirit Level

The Guardian - UK

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National creates a heffalump trap in its tax plan

Tax adviser Craig Macalister runs his rule over National's policies on tax savings and credits and asks, why are there such inconsistencies on trustee tax and commercial property depreciation?

Newsroom.co.nz

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Conversation

Australia’s gig economy workers set to benefit from minimum pay and protection against ‘unfair deactivation’

Labor bill gives Fair Work Commission power to set minimum standards for hundreds of thousands of ‘employee-like workers’ on digital platforms

The Guardian - AU

Australia’s greenhouse emissions are a national disgrace that are destroying the planet and costing households

The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

The Guardian - AU

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Little evidence of ‘greedflation’ in UK, Bank of England study finds

Bank report says companies making excess profits confined to certain sectors of economy such as energy and retail

The Guardian - UK

3 Top Rated China Stocks Investors Are Buying Right Now

Despite several obstacles, the Chinese economy has demonstrated remarkable resilience over the past several years. Given the consistent measures undertaken by the nation to keep its economy afloat this year, top-rated Chinese stocks JD.com (JD), Alibaba Group Holding (BABA), and Baidu (BIDU) could be worth investing in now. Read on….

StockNews.com

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Independent UK

3 Top Rated China Stocks Investors Are After This Week

StockNews.com

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

The Independent UK

Gig economy workers set for new protections in Albanese government's legislation introduced next week

A suite of protections for gig workers will be contained in legislation to be introduced into parliament by Workplace Relations Minister Tony Burke next week.

The Conversation

Germany's Scholz pledges less infighting as his government works to boost the economy

German Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest

The Independent UK

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The Independent UK

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The National (Scotland)

Brexit and UK Government chaos blamed as Scottish economy stagnates

THE Scottish onshore economy flatlined for two months in a row, according to official estimates, which also showed a small dip in growth over the…

The Week

Novo Nordisk: the pharma giant making Denmark rich from US obesity epidemic

Soaring demand for two weight-loss wonder-drugs developed by a Danish pharmaceutical company is having a knock-on effect on the whole of Denmark’s economy.

The Independent UK

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

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Al Jazeera

Russia is set to launch Islamic banking: All you need to know

Russia is launching Islamic banking for the first time as part of a two-year pilot programme on September 1.

The Independent UK

Just 9% of firms believe Scottish Government understands business, poll suggests

The results come as First Minister Humza Yousaf has attempted to be more business friendly.

Fortune

Biden’s commerce chief just denied the U.S. is breaking up with China and then listed all the ways it’s doing exactly that

In Beijing this week, Gina Raimondo kept insisting the U.S. and China aren’t headed for a decoupling, but then she got into the details.

Ballotpedia

Examining BlackRock’s shift away from ESG

The Economy and Society letter is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and governance (ESG) trends and events that characterize the growing intersection between business and politics.

Fortune

Just as China faces a Japan-style ‘lost decade,’ Japan thinks it’s near a ‘turning point’ in decades-long deflation battle

Japan may be emerging from a 25-year battle with deflation, the government said.

Fortune

Why current-generation AI is 'mostly crap,' but still came along at the ‘perfect time’ to save the flatlining economy, according to a boutique VC firm

SK Ventures’ Paul Kedrosky and Eric Norlin think the “first wave” of A.I. began in 2017 and is ending now. They have a big prediction for what’s next.

The Hindu

TS-RERA registration of real estate project is mandatory: Chairman

TS-RERA Chairman N. Satyanarayana urges builders/real estate firms to get registration from body to protect consumer interests. He participated in awareness campaign organised by AASRA. TS-RERA members K. Srinivasa Rao & K. Lakshminarayana explain RERA Act's salient features. CREDAI president P. Ramakrishna Rao & AASRA founder Hajid Sultan Ali also…

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