The Latest Breaking News from Economy

Stock market today: Asian markets are mostly lower as oil prices push higher

Shares are mostly lower in Asia after a decline on Wall Street as traders returned from a long holiday weekend

The Independent UK · Sep 6, 2023

The odds of a recession are now just 15% because fading inflation and a strong labor market are changing the equation, Goldman Sachs says

Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months.

Fortune · Sep 5, 2023

Hollywood's strikes are bulldozing the economy to the tune of 17,000 jobs and forcing a major studio to cut earnings guidance by $500 million.

The dual Hollywood strikes have eliminated legions of jobs and forced Warner Bros. Discovery to cut its projected profits.

Fortune · Sep 5, 2023

London is a major reason for the UK's inequality problem. Unfortunately, City leaders don't want to talk about it

In recent years, there has been growing evidence that the UK economy is in poor shape. While the latest economic figures suggest it performed better as the COVID pandemic receded than was previously reported, the performance of sectors such as manufacturing, construction and agriculture has been revised downwards, leading some…

The Conversation · Sep 5, 2023

Scotland retains status as leading financial centre in Europe, report says

SCOTLAND has retained its status as one of Europe’s leading financial centres and second largest financial hub in the UK.

The National (Scotland) · Sep 5, 2023

Poor ONS forecasts could be hurting our economy

City Voices: Investment decisions have already been made based on the incorrect economic analysis

Evening Standard · Sep 5, 2023

Shanghai Composite Index Fell 0.71% on Tuesday

Shenzhen Component Index closed down 0.67%

Caixin Global · Sep 5, 2023

OpenAI CEO Sam Altman first person to get Indonesian golden visa

OpenAI chief executive officer Sam Altman is the first person to get an Indonesian golden visa as Southeast Asia’s largest economy seeks to draw foreign investors.

The Times of India · Sep 5, 2023

Humza Yousaf teases big policy changes ahead of major Holyrood speech

FIRST Minister Humza Yousaf is expected focus on childcare, poverty, and the economy in the first Programme for Government since taking power ...

The National (Scotland) · Sep 5, 2023

China slowdown means it may never overtake US economy, forecast shows

WASHINGTON/BEIJING: China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched.

The Times of India · Sep 5, 2023