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The Latest Breaking News from Economy

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU · Sep 7, 2023

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Independent UK · Sep 7, 2023

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

Al Jazeera · Sep 7, 2023

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Stocks Slump Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.58%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.88% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart · Sep 7, 2023

Stocks Fall Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.63% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart · Sep 7, 2023

Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy

The Independent UK · Sep 7, 2023

Councils going bust, schools crumbling, the NHS in crisis: the answer is more tax

Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth tax, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK · Sep 7, 2023

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China exports decline slower than expected in August as economy remains under pressure

China’s exports declined at a slower pace in August, even as the world’s second biggest economy remains under pressure

The Independent UK · Sep 7, 2023

How one student forced the government to admit the economic risks of climate change

Last month, a significant victory for climate change was won behind closed doors. In 2020, Katta O’Donnell, then a 23-year-old university student in Melbourne, launched a world-leading class action lawsuit against the Commonwealth government.

The Conversation · Sep 7, 2023

September is usually a ‘rotten month for stocks.’ Here are 7 things top analyst Ed Yardeni believes could go wrong this time

Since 1945, the S&P 500 has dropped 0.73% on average in September compared with a 0.7% gain for the index across all months over the same period.

Fortune · Sep 6, 2023

Morning Mail: Sydney housing costs beat New York, ‘crumbly’ concrete checks, criminal complaint over World Cup kiss

Only five world cities are more expensive and crisis is hurting the economy, says thinktank

The Guardian - AU · Sep 6, 2023

Australia's not likely to catch a cold, just a sniffle from China's economic downturn

There are few more reliable narratives in the business and financial press than, “If China sneezes, Australia will catch a cold”.

The Conversation · Sep 6, 2023

Botanical Survey of India gets patent for bamboo based reusable straw

This is a future technology to enhance the economy of farmers and bamboo growers of the island.

The Hindu · Sep 6, 2023

Taking G-20 to the last mile, leaving none behind: Narendra Modi

The phrase Vasudhaiva Kutumbakam (the world is one family) has translated into a call for human-centric progress during India’s G20 Presidency, writes Prime Minister Narendra Modi.

The Hindu · Sep 6, 2023

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Barchart · Sep 6, 2023

Big Tech Companies Brace for EU Antitrust Clampdown

European Union (EU) antitrust regulators are preparing for a clampdown on anti-competitive practices in the digital economy and have put the world’s big tech firms on notice. The EU today listed 22 services that fall under its Digital Markets Act, and companies including Apple (AAPL ), Amazon.com (AMZN ), Meta...

The Guardian - AU · Sep 6, 2023

Australia’s economy has got smaller on a per capita basis – like it did in the GFC and 1990s recession. So, you know, not good

We now have GDP that is growing only due to population growth and even then only due to government spending

Barchart · Sep 6, 2023

Rent the Runway Alert: Options Traders Are Placing Big Bets on RENT Stock

Although Rent the Runway’s implosion this year is understandable given the pressures on the consumer economy, RENT stock has attracted significant speculative interest.

The Guardian - AU · Sep 6, 2023

Only five cities worldwide are more unaffordable than Sydney for housing, thinktank says

Committee for Sydney urges residents to ‘become a yimby’ after finding housing crisis costs economy more than $10bn per year

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The Conversation · Sep 6, 2023

The US committed to meet the UN's Sustainable Development Goals, but like other countries, it's struggling to make progress

In a Zen parable, a man sees a horse and rider galloping by. The man asks the rider where he’s going, and the rider responds, “I don’t know. Ask the horse!”

The Walrus · Sep 6, 2023

Why the Bank of Canada Is Facing Intense Scrutiny

The key interest rate is the policy lever the bank pulls to keep inflation in check. But a lot has changed in recent years

The Independent UK · Sep 6, 2023

China's premier is on a charm offensive as ASEAN summit protests Beijing's aggression at sea

In talks with Southeast Asian leaders Wednesday in the Indonesian capital, Chinese Premier Li Qiang underscored his country’s importance as the world’s second-biggest economy and as the top trading partner of the region

The Guardian - AU · Sep 6, 2023

Controversial new Tasmanian AFL stadium could add $226m a year to economy, report finds

But a parliamentary committee says there has been no evidence to bolster the key assumptions underpinning the business case

The Guardian - UK · Sep 6, 2023

Pound hits three-month low as Bank of England governor predicts ‘quite marked’ fall in inflation – as it happened

Governor Andrew Bailey tells MPs that BoE is “much nearer” to ending its run of interest rates increases

The Conversation · Sep 6, 2023

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Conversation · Sep 6, 2023

Australia’s least wanted – 8 alien species and diseases we must keep out of our island home

This week’s landmark report on the impact of invasive alien species revealed costs to the global economy exceeded US$423 billion (A$654 billion) a year in 2019. Costs have at least quadrupled every decade since 1970 and that trend is set to continue.

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