The Latest Breaking News from Economy

China Is No Economic Model for America

The country's current struggles show the problems of the Beijing way—and make the case for freedom.

Reason · Aug 31, 2023

CII to do a comprehensive study across Tamil Nadu

CII works to position TN as leader in socio-economic dev. with white paper to help achieve $1 trillion economy by 2030. Questionnaires sent to 400 participants from 15 sectors to get feedback on 12 parameters. White paper to be submitted to TN govt. ahead of GIM. CII to look at…

The Hindu · Aug 31, 2023

US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

The Independent UK · Aug 31, 2023

Chinese property firm Country Giant posts record losses, warns of potential default

Chinese real estate group Country Garden has posted record losses of €6.5 billion for the first half of 2023 and warned that it could default on its debt if its financial performance "continues to deteriorate". The news underlined the country's struggling growth, since the property sector may represent as much…

France 24 · Aug 31, 2023

Australians may pay ‘tiny bit extra’ on pizza delivery as government announces new gig economy rules

Workplace relations minister says the minimal impact on consumers is a small price to pay for improving rider safety

The Guardian - AU · Aug 31, 2023

Services sector fuels India economic growth to fastest in a year

NEW DELHI: India’s economy is expected to shine in its latest report card on strong services growth and a pick up in manufacturing despite elevated interest rates.

The Times of India · Aug 31, 2023

Top Stories of the Month: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global · Aug 31, 2023

Why I joined 70 economists and human rights experts urging Labour to change course

Labour seems spellbound by the Tories’ economically illiterate cult of austerity – but there is another way to help Britain thrive, says Kate Pickett, co-author of The Spirit Level

The Guardian - UK · Aug 30, 2023

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Conversation · Aug 30, 2023

Australia’s gig economy workers set to benefit from minimum pay and protection against ‘unfair deactivation’

Labor bill gives Fair Work Commission power to set minimum standards for hundreds of thousands of ‘employee-like workers’ on digital platforms

The Guardian - AU · Aug 30, 2023