The Latest Breaking News from Economy

Who Wins the Battle Over 4,400?

How low will stocks go? That is the question on everyone’s mind as the recent highs for the S&P 500 (SPY) seem like a distant memory as stocks have been going the wrong direction for the entirety of August. Investment expert Steve Reitmeister the causes of the recent sell off…

StockNews.com · Aug 22, 2023

Labor’s intergenerational report will be released this week. But just how reliable will it be?

The 300-page missive will include forecasts about the economy and budget over the next 40 years

The Guardian - AU · Aug 22, 2023

The experience-hungry American consumer is already crashing the economy into a 'rolling recession,' Oxford Economics says

“Instead of a typical recession, it's possible the economy will fall into – or in fact is already in – a 'rolling' recession,” Oren Klachkin, lead U.S. economist at Oxford Economics, wrote Tuesday.

Fortune · Aug 22, 2023

Facebook Faces Expulsion From Thailand For Failing To Crack Down On Scams

Minister of DES, stated his willingness to ask the courts to order Facebook to stop operating by the end of this month.

Zenger · Aug 22, 2023

Israel-Singapore Talks Focus On Boosting Trade

Deputy Prime Minister Heng Swee Keat and Israeli Economy and Industry Minister Nir Barkat met to discuss bilateral ties and trade.

Zenger · Aug 22, 2023

Zimbabwe election: Can Nelson Chamisa win? He appeals to young voters but the odds are stacked against him

Nelson Chamisa, the 45-year-old leader of Zimbabwe’s main opposition party, the Citizens Coalition for Change (CCC), is making a second bid to be Zimbabwe’s next president.

The Conversation · Aug 22, 2023

UK factory output tumbles to lowest level in nearly three years

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy

The Guardian - UK · Aug 22, 2023

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

France 24 · Aug 22, 2023

North Korea's Kim lambasts premier over flooding, possible bid to shift blame for bad economy

North Korea says leader Kim Jong Un has severely rebuked his premier and other senior officials over their “irresponsible” response to recent flooding that inundated farmlands

The Independent UK · Aug 22, 2023

Zimbabwe goes to polls amid deepening economic crisis

Promises to get inflation and unemployment on track after decades of Mugabe rule have failed to materialise

The Guardian - UK · Aug 22, 2023