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The Latest Breaking News from Economy

Breaking Live 3 publishers covering this story in the last 6 hours

29m ago Andy Burnham to fight next election with plan for NHS-style care service
2h ago The U.S. economy is running hot and stuck on a hamster wheel as GDP growth must outpace borrowing costs—or else get sucked into a debt spiral
3h ago Gas Is Back Above $4 a Gallon — These 7 Driving Habits Are Costing You Even More

Urgent need to collaborate on digital security to contain risks: Union Minister Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw said global interconnectedness has created shared security risks, requiring urgent collaboration on digital security. India's G20 presidency has identified three priority areas: digital public infrastructure, security in the digital economy, and digital skilling. These priorities reflect PM Modi's vision of democratising technology, with UPI as a…

The Hindu · Aug 19, 2023

PM Modi seeks a secure digital economy

Prime Minister Narendra Modi, speaking virtually at the meeting of the G20 Ministers of Digital Economy taking place in Bengaluru on August 19, presented India’s diversity as a resource that supports testing and solution of new digital products from all over the world. He said it was necessary to build…

The Hindu · Aug 19, 2023

Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Fortune · Aug 18, 2023

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The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

The Hindu · Aug 18, 2023

Fundamental thinking of India changed: Ashwini Vaishnaw

India's fundamental thinking has changed in last 10 yrs, leading to 1.1 lakh startups. Govt. has shifted from tech transfer to self-reliance. Vande Bharat Express is an example. Startups have raised $130B, current value $450B. Meity received 5000 applications for Global Digital Innovation Challenge, 30 chosen. #Startups #India #G20 #DigitalEconomy…

The Hindu · Aug 18, 2023

GERS shows 'stark evidence of UK mismanagement of Scottish economy', says report

THE latest GERS figures provide “stark evidence” of the consequences of the UK Government’s mismanagement of the Scottish

The National (Scotland) · Aug 18, 2023

Here’s the Real Lowdown of Ross Stores’ (ROST) Q2 Report

Although Ross Stores could be an interesting play on the consumer economy, investors need to acknowledge the real story underlining ROST stock.

Barchart · Aug 18, 2023

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Markets Today: Stocks Retreat Amid China Woes and Soaring Bond Yields

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.66%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.94%, both at 2-month lows. This morning, Stock indexes are under pressure as worries about China’s economy and higher global interest rates dampen market sentiment. Stock...

Barchart · Aug 18, 2023

Gen Z and millennial couples say it’s too expensive to get married right now

Young Americans aren’t necessarily opposed to getting married—they just don’t think spending thousands on a wedding is smart in the current economy.

Fortune · Aug 18, 2023

Legendary investor Ray Dalio says China is due a debt shake-up

"China is overdue in doing this, so in my opinion, it needs to follow this beautiful deleveraging process now."

Fortune · Aug 18, 2023

Labour partly rows back on workers’ rights pledges

Party amends plan to bolster protections for gig economy as it boasts of ‘pro-business’ credentials

The Guardian - UK · Aug 18, 2023

Kooragang project will "build the foundation" of Australia's hydrogen economy

The hub will help Orica to transition away from its use of gas.

Newcastle Herald · Aug 18, 2023

RBI: India needs major reforms in food supply management

MUMBAI: India needs to adopt a sound policy on how to store perishables to shield the economy from repeated food price shocks, researchers in the country’s central bank said.

The Times of India · Aug 18, 2023

Labour rows back workers’ rights pledge in latest U-turn

Commitments on precarious and gig economy workers refined by party leadership

The Independent UK · Aug 18, 2023

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The Guardian - UK · Aug 18, 2023

Labour changes wording of pledges on workers’ rights as Rayner says party is ‘far from watering down’ policy – as it happened

Deputy leader says party would legislate to improve workers’ rights within 100 days as policy forum tweaks plans for ‘day one’ rights such as sick pay

The National (Scotland) · Aug 18, 2023

Humza Yousaf meets Prime Minister of Iceland to discuss possible 'collaborations'

HUMZA Yousaf met with the Prime Minister of Iceland, Katrín Jakobsdóttir, on Thursday.

The Independent UK · Aug 18, 2023

Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yields

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney

The Independent UK · Aug 17, 2023

Biden’s approval rating on the economy stagnates despite slowing inflation, AP-NORC poll shows

President Joe Biden has devoted the past several weeks to talking up the positive impacts of his policies — but his efforts have yet to meaningfully register with the public

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Fortune · Aug 17, 2023

China's crashing property sector is world's 'most important' industry right now

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

TechRadar · Aug 17, 2023

Diablo 4 player spends 30 billion gold on a crossbow, in-game economy in shambles

A Diablo 4 duplication exploit (which has now been fixed) sent the game's in-game economy into turmoil.

The Conversation · Aug 17, 2023

How gender inequality is hindering Japan's economic growth

Japan’s economy is under pressure from rising energy prices and defence costs and the impact of the pandemic. Plummeting birth rates and an ageing population further threaten the sustainability of its labour market. A 2023 study by independent thinktank the Recruit Works Institute points to a labour supply shortage of…

The Guardian - US · Aug 17, 2023

Maui wildfires expose rift over island’s tourism: ‘We’re more vulnerable than anyone admits’

The industry generates 80% of Maui county’s economic activity – but it risks devastating the island’s natural resources

Fortune · Aug 17, 2023

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

Al Jazeera · Aug 17, 2023

‘We need power’: Zimbabweans hope for end to blackouts as election nears

For many businesses in Zimbabwe where the economy is in free fall, electricity outages have been the norm for years.

The Guardian - UK · Aug 17, 2023

Rouble recovers after Russia reportedly turns screws on exporters – as it happened

Rouble rises 2% against dollar after Russia decides against capital controls and opts for informal agreement with exporters to help stabilise the currency, according to reports

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