Fed Resumes Interest Rate Hikes: What the Experts Are Saying A hawkish Federal Reserve dashes hopes for a definitive end to rate hikes soon. Kiplinger · Jul 26, 2023
Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024 The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024 The Independent UK · Jul 26, 2023
Shedding more light on the debt dilemma Even when the sustainability of debt may not be threatened in the medium term, the costs of carrying high deficits and debt to the economy are heavy The Hindu · Jul 26, 2023
Jerusalem Unicorn Lightricks, invents Facetune App; Using AI To Edit And Erase Objects From Photos AI revolutionizing image and video editing apps, opening up opportunities in the creator economy Zenger · Jul 26, 2023
The Fed's hot pause summer gets an ice bath: Interest rates rise again After taking a pause last month, the Fed got back to raising interest rates. Many are now saying a "soft-landing" is within our sights WEKU · Jul 26, 2023
Fed raises interest rates to 22-year high as it continues to fight inflation US economy remains robust despite the 11 rate rises the Fed has implemented – its most aggressive rate-rising cycle in 40 years The Guardian - US · Jul 26, 2023
Kwarteng went ahead with mini-budget despite OBR warning, FOI reveals Chancellor’s refusal to publish forecast contributed to stock market jitters and run on pound The Guardian - UK · Jul 26, 2023
4 Reasons to be Bullish on Alibaba Stock Alibaba has been underperforming the markets since late 2020, but the stock looks attractive at these levels as China vows to support the country's economy, as well as the tech sector. Barchart · Jul 26, 2023
Eskom and South Africa's energy crisis: De Ruyter book strikes a chord but falls flat on economic fixes The former chief executive of South Africa’s power utility, Eskom, has written a scathing critique of the ruling party’s practices that have seriously damaged the country’s economy. The Conversation · Jul 26, 2023
Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy The Independent UK · Jul 26, 2023
On India visit, US climate envoy John Kerry visits Parliament New Delhi: United States Special Presidential Envoy for Climate John Kerry, who is a five-day India tour visited the Parliament on Wednesday. Kerry, who is leading a US delegation during his visit, today met with Union Finance Minister Nirmala Sitharaman in her office inside the Parliament building. Read further on… Dynamite News · Jul 26, 2023
'More blue than red': Scottish caller challenges Keir Starmer live on BBC A SCOTTISH caller told Keir Starmer that “Labour is becoming more blue than red” as he challenged the prospective prime minister over his… The National (Scotland) · Jul 26, 2023
US parcel shipping giant UPS and union reach agreement, averting strike US parcel shipping company UPS and the International Brotherhood of Teamsters union have agreed on a deal to renew a five-year labour contract. Although the deal still has to be ratified by union members next month, it will avert a strike that could have started as early as next week.… France 24 · Jul 26, 2023
London bosses ramp up calls for Jeremy Hunt to axe ‘tourist tax’ making Paris, Madrid and Milan ‘winners’ Dispute rolls on over the cost and benefits of restoring tax-free shopping for international visitors Evening Standard · Jul 26, 2023
The Independent UK · Jul 26, 2023 Wagner gold smuggling critical to keeping Russia’s economy afloat, MPs say Parliamentary report also criticises the ‘remarkably complacent’ attitude of the government to Wagner’s activities across the last decade
The Hindu · Jul 26, 2023 Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more Read a daily selection of top stories from across India and the world by The Hindu to start your day.
Barchart · Jul 25, 2023 Where are Home Prices Headed for the Remainder of 2023 and Beyond? After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?
Zenger · Jul 25, 2023 Moody’s Maintains Israel’s Rating Amid Judicial Reform Concerns Morgan Stanley Downgrades Creditworthiness, Netanyahu remains optimistic about the economy
The Independent UK · Jul 25, 2023 Israel's government has passed the first part of its legal overhaul. The law's ripples are dramatic The Israeli government has passed the first major piece of legislation in Prime Minister Benjamin Netanyahu’s plan to overhaul the country’s legal system
The Hindu · Jul 25, 2023 Moving away from the ‘take-make-dispose’ model India has prioritised Resource Efficiency and Circular Economy as one of the core themes for deliberations in the G-20 forum
Zenger · Jul 25, 2023 Israel Signs Free Trade Deal With Vietnam, Expanding East Asian Partnerships Agreement expected to boost trade and economic growth, strengthen Israeli exports
The Independent UK · Jul 25, 2023 Lawmakers press for more scrutiny over China's 'malign influence' at development bank Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean
The Hindu · Jul 25, 2023 How is State economy good when it pays ₹18,000 crore as interest on loans every year: Congress Ponnala Lakshmaiah challenges KCR to release white paper on Kaleshwaram project. He claims CM has never responded to requests for debate on project cost, loan raised, interest paid. Ayodhya Reddy claims govt showing loans as income, misleading people
The National (Scotland) · Jul 25, 2023 UK to be second worst economy in the G7, says IMF The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…
The Independent UK · Jul 25, 2023 U.S. consumer confidence jumps to a two-year high as inflation eases U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates