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The Latest Breaking News from Economy

Stormont official suggested ‘sexier’ picture of NI economy required, files show

The official said a Foreign and Commonwealth Office briefing document for use by UK embassies overseas was a ‘relic of the past’.

The Independent UK

DARPA wants to build a 'thriving commercial economy' on the moon in 10 years

DARPA (Defense Advanced Research Projects Agency) is seeking rapid develop of technologies to support the foundation for an integrated lunar infrastructure.

Space

Reluctant banks are partly to blame for the UK’s housing crisis – but alternative lenders offer a way forward

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

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Institutional Traders Go Contrarian on Kimco Realty (KIM). Should You?

Although the consumer economy has faced tremendous pressures, institutional traders appear bullish on Kimco Realty. Should retail investors follow the move in KIM stock?

Barchart

OPINION - If it’s hurting, it’s working, but it still sucks

At about 10:45 this morning I turned to Jonathan Prynn, the Standard’s business editor, and asked what he made of the latest purchasing managers’ index (PMI) numbers. His answer was unprintable. In fairness, at fifteen minutes to deadline, I picked a bad time to bother him. But Jonathan is hardly…

Evening Standard

Tell us: how is your life affected by working in the UK’s gig economy?

We want to speak to workers on zero-hours contracts in the UK about their experiences of insecure employment

The Guardian - UK

Srettha Thavisin: the real estate tycoon turned Thai prime minister

Businessman has no experience in government, but Pheu Thai says his industry past means he can help boost economy

The Guardian - UK

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No explanation after China's Xi Jinping misses key speech at Brics summit

Chinese President Xi Jinping unexpectedly skipped a speech he'd been due to give at the Brics summit in South Africa – instead sending his commerce minister to speak about the strength of the Chinese economy and to denounce wealthy nations who seek to contain the growth of developing ones.

Radio France Internationale

Residents in southern Syria raid ruling party offices, block road as protests over economy intensify

Angry protesters have raided the local offices of the ruling Baath party in a southern Syrian province

The Independent UK

Zimbabwe's economic woes: Hyperinflation, a currency slump and high unemployment

As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many…

France 24

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth

The Independent UK

Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – as it happened

She made the comment in response to repeated claims she is neglecting her duty as an MP

The Guardian - UK

FTSE 100 Live: ‘Heightened recession risk’ with UK private sector in shock decline, but shares climb

London shares are on the front foot after the latest “stunning“ results by chipmaker Nvidia boosted stock market confidence.

Evening Standard

Xi Jinping skips speech defending China economy at BRICS business forum

JOHANNESBURG: President Xi Jinping failed to attend a business forum in South Africa where he was expected to deliver a speech defending China’s economy and its support for emerging markets, as fears mount that the Asian nation’s struggles could cause global turbulence.

The Times of India

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The Guardian - UK

China’s economic model is faltering – does it have the political will to fix it?

The country’s property crisis is causing damage that requires Xi to make liberal or market reforms

The Guardian - AU

Cost-of-living crisis: Albanese government launches taskforce to review competition in bid to ease pressures

Panel’s appointment comes as Woolworths reports rise in net annual earnings to $1.6bn, a day after Coles posts $1.1bn profit

The National (Scotland)

'Banner year' as Scotland's screen sector boosts economy by more than £600m

SPENDING in Scotland’s screen sector increased by 55 per cent between 2019 and 2021 as Wellbeing Economy Secretary Neil Gray hailed “another…

StockNews.com

Who Wins the Battle Over 4,400?

How low will stocks go? That is the question on everyone’s mind as the recent highs for the S&P 500 (SPY) seem like a distant memory as stocks have been going the wrong direction for the entirety of August. Investment expert Steve Reitmeister the causes of the recent sell off…

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news in one place.

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The Guardian - AU

Labor’s intergenerational report will be released this week. But just how reliable will it be?

The 300-page missive will include forecasts about the economy and budget over the next 40 years

Fortune

The experience-hungry American consumer is already crashing the economy into a 'rolling recession,' Oxford Economics says

“Instead of a typical recession, it's possible the economy will fall into – or in fact is already in – a 'rolling' recession,” Oren Klachkin, lead U.S. economist at Oxford Economics, wrote Tuesday.

Fortune

The costs of extreme heat, at least $100B a year, will rise to staggering levels, says the former Fed economist who’s so influential they named a recession indicator after her

The cost of heat to the U.S. economy could more than triple in less than 20 years, hitting manual laborers hardest.

Chicago Sun-Times

How carbon capture and storage would boost the Illinois economy

If we hesitate to capitalize on this opportunity, other states won’t, putting at risk the jobs that could have been anchored right here in Illinois.

Newsroom.co.nz

What the rise of the gig economy means for New Zealand

The gig is up – the growing reliance of the labour market on temporary and part-time positions has been aided by technology, but what does it mean for future economic resilience?

Newsroom.co.nz

Exporters bullish on Chinese economic woes

China's meteoric growth may be coming to an end, but opportunity apparently still remains, reports Andrew Bevin

WEKU

Zimbabwe heads to elections as it sees some of the world's highest inflation

Zimbabwean President Emmerson Mnangagwa seeks a second term facing a familiar rival, opposition leader Nelson Chamisa, whom he narrowly beat in the 2018 disputed election.

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