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The Latest Breaking News from Economy

New York Times writer draws ire for blaming Biden’s economy for $78 airport meal

After David Brooks posted a photo of his burger and whiskey, many pointed out the cost of the drink probably pushed up the tab

The Guardian - US · Sep 22, 2023

Over 3,500 mining units halted operations in A.P. owing to burden of multiple taxes, says industry body

FEMMI's Ch. Rao urges A.P. govt. to meet stakeholders as 50,000 workers lost livelihood due to mining crisis. 10,000 workers of Srikakulam's granite industry unable to earn daily wage. Govt. has not implemented simplified slab system & reduced power tariff. Consideration Tax, 10-fold increase in dead rent & compulsory production…

The Hindu · Sep 22, 2023

Ghana police arrest 49 as high cost of living triggers street protests

In recent months, public discontent has been growing in Ghana over the rising cost of living for everyday people.

Al Jazeera · Sep 22, 2023

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David Brooks’ $78 Newark Airport meal gripe that went viral is now a hilarious meme

This is now a meme everywhere.

USA Today Sports Media Group · Sep 22, 2023

Hopes for the high street and the economy rise as economic gloom lifts

Better-looking retail sales and consumer confidence numbers are published in same week BOE holds rates

Evening Standard · Sep 22, 2023

FTSE 100 Live: ‘Recession increasingly likely’, shares end week lower

Retail sales figures have kept the UK economy in focus after yesterday’s knife-edge rates decision by the Bank of England.

Evening Standard · Sep 22, 2023

U.P. to contribute significantly in India’s $5 trillion economy goal, says President

President Murmu hails U.P. International Trade Show as a milestone in state's dev. journey. India determined to become 3rd largest economy; U.P. to contribute significantly to $5 trillion goal. Showcasing 'One District One Product' products & others by 2K exhibitors. CM Adityanath says U.P. moved from BIMARU to prosperous state,…

The Hindu · Sep 21, 2023

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New York Times columnist David Brooks roasted for complaints about $78 airport meal

‘This is why Americans think the economy is terrible,’ says Brooks

The Independent UK · Sep 21, 2023

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU · Sep 21, 2023

2024 Nissan Z Nismo Gets 19 MPG Combined, Matching BMW M2

The combined MPG figure is two MPG less than the standard model with the automatic and one less than with the manual gearbox.

Motor1 · Sep 21, 2023

‘He is making the UK a climate villain’: MEPs denounce Sunak’s net zero retreat

Politicians from across the divide say ‘suicidal’ policy U-turns will harm environment and Britain’s economy

The Guardian - UK · Sep 21, 2023

During historic auto strike scaring Wall Street, Biden’s economic advisor says workers want a ‘fair slice’

Council of Economic Advisers Chair Jared Bernstein claims the UAW strike is actually a sign the economy is doing well.

Fortune · Sep 21, 2023

G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Conversation · Sep 21, 2023

Judging by the state of the UK economy, the Bank is done with interest rate hikes

Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity

The Guardian - UK · Sep 21, 2023

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Al Jazeera · Sep 21, 2023

Power crisis, bird flu trigger imminent chicken shortage in South Africa

Africa’s most advanced economy is enduring frequent electricity cuts that ramp up cost of business, including poultry.

Reason · Sep 21, 2023

'Bidenomics' Is Failing Everyday Americans

The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.

Fortune · Sep 21, 2023

Deutsche Bank CEO says Germany risks becoming ‘the sick man of Europe’ unless structural fixes are made

Deutsche Bank's Christian Sewing thinks structural reforms are key to Germany global competitiveness.

The Guardian - UK · Sep 21, 2023

Bank of England’s interest rate pause raises hopes peak has been reached

Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressure

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The Independent UK · Sep 21, 2023

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

The Guardian - US · Sep 21, 2023

Dreamers face fresh blow in long fight to stay: ‘They view us as second class’

Many Daca recipients in limbo about their future in the US, the country they have called home for years, after judge’s ruling

AAP · Sep 21, 2023

Call to bring forward net-zero to future-proof economy

Australia needs to transition to net-zero emissions by 2035 if it wants to avoid a climate and economic catastrophe, science and engineering groups say.

The Conversation · Sep 21, 2023

The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks

Federal Reserve officials held interest rates steady at their monthly policy meeting on Sept. 20, 2023 – only the second time they have done so since embarking on a rate-raising campaign a year and a half ago. But it is what they hinted at rather than what they did that…

AAP · Sep 21, 2023

Recession or not, New Zealand GDP growing again

New Zealand enjoyed a return to solid growth in the June quarter, with Stats NZ reporting an 0.9 increase, well beyond market expectations.

Chicago Sun-Times · Sep 20, 2023

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

The move suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.

WEKU · Sep 20, 2023

This Republican senator wants an expanded child tax credit — with work requirements

Florida Sen. Marco Rubio says the U.S. has lost focus over the last 20 to 30 years and economic policies need to be geared towards creating stable work for families.

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