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The Latest Breaking News from Economy

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

How high tensions between China and the U.S. are impacting American companies

Commerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.

WEKU

Cleantech, for an inclusive green future in India

In India, the green economy paradigm provides an optimistic pathway to align development and environmental outcomes

The Hindu

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Labour to attack PM on economy after focus groups ‘irritated’ by his optimism

Exclusive: party says potential Tory-to-Labour switchers do not feel better off and find Sunak’s attitude ‘grating’

The Guardian - UK

Ease Venezuela sanctions to reduce number of migrants seeking asylum in America

The U.S. has been working for a regime change in that country. Using economic sanctions, our government has devastated Venezuela’s economy.

Chicago Sun-Times

Fed chair warns US inflation battle not over and hints at further rate rises

Jay Powell tells symposium in Wyoming that inflation is still too high but that US central bank will ‘keep at it until the job is done’

The Guardian - US

Q&A: Maui wildfires ‘an acceleration of injustices’ long felt on island

Al Jazeera speaks to Kaniela Ing, director of Green New Deal Network, about devastating Hawaii blazes and what’s next.

Al Jazeera

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Dads used to only become primary caregivers when the economy was bad

Dads are staying home as a proactive choice, not a fallback option.

Fortune

Hawaii’s politicians are trying to get tourists back after deadly fires

Hawaii Senator Brian Schatz claimed "furloughs and layoffs" were underway due to tourists staying home after the state's deadly wildfires.

Fortune

Beyond the jabs, Wisconsin voters craved specifics from first GOP primary debate

Wisconsin voters took in the barbs, slams and jabs at a GOP debate watch party in downtown Milwaukee Wednesday night. But they were left with major policy questions.

WEKU

A tale of two cities: Diaspora influx hikes cost of living for Ghanaians

The Year of Return in 2019 attracted foreign investment to Ghana but locals say it has led to soaring prices in Accra.

Al Jazeera

Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech

Asian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy

The Independent UK

Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech

When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected

The Independent UK

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The Conversation

Regardless of Wagner Group leader Yevgeny Prigozhin's fate, Vladimir Putin benefits

On Aug. 23, Russian media reported that Yevgeny Prigozhin, the leader of the Wagner Group, was listed among the passengers of a plane that crashed, leaving no survivors. Speculation has already begun about Putin’s potential involvement in the crash. This speculation is likely to continue unabated well into the future.

Barchart

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

The Hindu

10 trade unions and Samyukt Kisan Morcha resolve to fight against Central government policies

Ten CTUs and SKM plan to launch protests against Union govt's policies ahead of 2024 General Elections. They seek to unite workers and peasants to address the "alarming situation" caused by pro-corporate policies. They will hold protests across India in Dec 2023-Jan 2024 to challenge poverty, slow economy, and lack…

The Hindu

‘Moon can serve as a junction for further space exploration’

Space scientist Deepak Dhadooti returns to India to work with ISRO, providing components for Chandrayaan III Mission. Mission has vast benefits for India, helping explore space better and serve as junction for India and world to reach other planets. SCAC has worked with ISRO for 16 years, supplying critical equipment…

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The Independent UK

Support grows for sustainable development, a 'bioeconomy,' in the Amazon

The Brazilian Amazon has long been home to small and mid-sized sustainable businesses that use forest nuts, fruits and other products, and it's an incubator for new ones

The Hindu

New flight service to Pune from Belagavi starting October 31

Star Air to operate daily direct flight b/w Belagavi & Pune from Oct 31. Rajya Sabha member Iranna Kadadi said private airline responded positively. Fleet strength of 8 aircraft, incl. Embraer E175LR known for low noise, advanced tech & high safety. 12 Business & 64 Economy Class seats.

Fortune

We gave 2 groups of American voters opposite scenarios for the U.S. economy and asked them about the culture wars. No one cared about ‘wokeness’ in case of a recession

If the economy stays strong, Democrats are poised to meet Americans where they are. If not, Republicans can't continue to talk about woke when we are broke.

Guitar World

“I love anything with a killer solo you can jam out to”: Welcome to the Sophie Lloyd masterclass, where the Machine Gun Kelly guitarist and YouTube shred sensation will give your rock chops a serious workout

In this Guitar World exclusive, Sophie Lloyd takes you behind her rhythm and lead techniques on monster single Do or Die and shares her tips on how to hone your skills

The Independent UK

Hopeful signs of an economic 'soft landing' emerge in Jackson Hole as Fed meets with world watching

Business these days in Jackson Hole, Wyoming, is still good — just not as robust as it was after the U.S. economy roared out of the pandemic recession

The Hindu

PM Modi seeks level playing field for smaller e-commerce players

Prime Minister Narendra Modi, in his opening address to the G20 Trade and Investment Ministerial summit, said it was the collective responsibility of these 20 nations to rebuild confidence in international trade and investment processes as the world economy has been tested by the COVID-19 pandemic and geo-political tensions.

The Conversation

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

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