The Latest Breaking News from Economy

New Zealand GDP falls, past recession revealed

New Zealand's economy is again going backwards, falling by 0.3 per cent in the September 2023 quarter.

AAP · Dec 13, 2023

'We Have To Endure' - Argentines Stoic As Prices Skyrocket

Maria Mamani carries a fistful of new price stickers around a supermarket after Argentina's government slashed the value of the peso in half as part of "shock" therapy to the ailing economy.

International Business Times · Dec 13, 2023

Fed Leaves Rates Unchanged, Projects Cuts in 2024: What the Experts Are Saying

The Fed left interest rates at a 22-year high but forecast three cuts next year.

Kiplinger · Dec 13, 2023

GameStop (GME) vs. Aeon (AONNY): Analyzing Which Specialty Retailer Is a Solid Buy for 2024

The specialty retail sector is flourishing due to a resilient U.S. economy with solid GDP growth, reduced inflation concerns, and robust consumer spending. Hence, let's assess which specialty retail stock between GameStop (GME) and Aeon (AONNY) could be a better buy for 2024. Read more….

StockNews.com · Dec 13, 2023

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease

The Independent UK · Dec 13, 2023

Growth of autocracies will expand Chinese global influence via Belt and Road Initiative as it enters second decade

China currently faces daunting challenges in its domestic economy. But weakness in the real estate market and consumer spending at home is unlikely to stem its rising influence abroad.

The Conversation · Dec 13, 2023

The U.S.-led digital trade world order is under attack–by the U.S.

America can regulate Big Tech without disrupting the cross-border data flows that underpin our economy and society.

Fortune · Dec 13, 2023

Rishi Sunak now as unpopular as Boris Johnson when he quit, poll reveals

As the prime minister battles a civil war on the Tory back benches, his favourability with the public has slumped to a record low

The Independent UK · Dec 13, 2023

'Shock therapy' for Argentina's economy: Milei devalues peso by more than 50%

Just days after the inauguration of new president Javier Milei, Argentina's economy minister has announced a dramatic devaluation of the country's currency in an attempt to tackle triple-digit inflation. Also, undocumented workers in France are concerned about the government's plans to tighten measures against them. Plus, Netflix has released almost…

France 24 · Dec 13, 2023

Argentina Devalues Local Currency By 50%, Cuts Energy, Transportation Subsidies To Revive Economy

Luis Caputo said the country was going to see "worse than before" for a couple of months, adding that all the new government projects were halted as there was "no more money."

Latin Times · Dec 13, 2023