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The Latest Breaking News from Economy

Australia’s unemployment rate rises slightly from 3.4% to 3.5% as more people seek work

Labour market figure will be watched by economists as a guide to Reserve Bank’s decision on whether to further raise interest rates

The Guardian - AU

10 Questions with Scott Bullock, principal at Newcastle College

Mr Bullock is the latest business leader to answer our questions

Birmingham Post

Unemployment rises for the first time in 10 months despite continuing jobs boom

Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.

ABC News

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KEX unveils green initiatives and goals

Leading express delivery service provider Kerry Express (Thailand) or KEX announced sustainability initiatives and goals under the "Green Economy Strategy", which focuses on net zero carbon emissions by 2065.

Bangkok Post

Railroads and unions reach deal to avert devastating strike, keeping America's trains and the economy on track – for now

Most Americans may not appreciate the central role that private railroads play in supporting the U.S. economy and their everyday lives. Recent fears of a railroad strike may have changed that.

The Conversation

New Zealand is open for all and we want to restart post-COVID relation with India, says Minister

The immediate focus of her country is to restart the economy and re-establish valuable international links across the world, says Meka Whaitir

The Hindu

This Political Ad Conglomerate Offers Steady Dividends And Wall Street Analysts Are Bullish

Since October 2021, the communications sector has been lagging behind the S&P 500, and is down roughly 34% year-to-date, as of Sept. 9. As the economy braces for a potential recession, TV station operators hope to generate revenues through advertisers and subscribers.

Benzinga

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Bernstein Downgrades CSX, Union Pacific As Amtrak Cancels Trains And Railroad Strike Looms

U.S. railroad companies could be just days away from a major strike that could cost the U.S. economy more than $2 billion per day. Strike or no strike, one analyst said Wednesday that railroad stocks have limited upside from current levels in a challenging environment.

Benzinga

While Supply-Chain Kinks Remain, These 3 High Yield Air Freight And Logistics Stocks Ready To Take Off

With supply chain issues negatively impacting the global economy, it should come to no surprise that the industrials sector has been trading close but better than the overall S&P 500, as the sector is down 10.3% year-to-date, as of Sept. 9.

Benzinga

Crop, car shipments set to halt on US rail strike threat

U.S. railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world’s biggest economy more than $2 billion a day.

Tribune News Service

New survey: CEO optimism down, not out

The Business Roundtable's closely-watched survey shows Corporate America is getting increasingly cautious about the economy.

Axios

Edinburgh Street Assist desperately raising money for new patient transport

Street Assist work to keep members of the public safe during the night time economy hours of the weekends and their service often takes pressure off of stretched emergency services like the police and ambulance services.

Edinburgh Live

2 Georgia Republican candidates, two different views on economy

ATLANTA — U.S. Senate hopeful Herschel Walker paints a bleak picture of the economy: soaring inflation, high taxes and wasteful government spending. But listen to Gov. Brian Kemp and a far different image emerges, one where jobs are being created and investment is flourishing.

Tribune News Service

Digital Bank Wio Launches in UAE

State-backed digital bank Wio announced Tuesday its official launch in the United Arab Emirates, becoming the first platform bank in the region. This step aims to transform banking operating models towards a more digital future. It comes in line with the UAE’s Digital Economy Strategy that aims to double the…

Asharq Al-Awsat

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France 24

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

Reuters

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

WEKU

How a freight train strike could throw your plans to travel by train off track

Freight railroads could stop rolling at midnight Friday if negotiators don't stop a looming strike over working conditions. Congress could end a strike quickly, but a brief shutdown hurts the economy.

The Independent UK

Small businesses call for help amid soaring bills

Firms say it does not feel like the economy is growing as energy and raw material costs rise.

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Asharq Al-Awsat

SDAIA Sign Global Strategic Agreements in AI Solutions

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed Tuesday several agreements to develop AI solutions locally and globally and accelerate the adoption of this technology in the Circular Carbon Economy. The Ministry of Energy and SDAIA signed a strategic agreement with IBM to accelerate the adoption of the Circular…

Reuters

Analysis-China poised to shake up economic leadership as reformers bow out

China's ruling Communist Party sets the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down amid worsening growth prospects.

The Guardian - UK

UK inflation eases to 9.9% but remains close to 40-year high – as it happened

Inflation eases because of a fall in petrol prices while food prices rise at fastest rate since mid-2008, driven by milk, cheese and eggs

Asharq Al-Awsat

Yemen’s Alimi in Germany to Pressure Houthis, Garner Support

Chairman of Yemen’s Presidential Leadership Council Dr. Rashad al-Alimi traveled to Germany on Tuesday on an official visit aimed at intensifying pressure on the Iran-backed Houthi militias to accept peace. He is also seeking to garner support for Yemen’s economy and development, official sources said on Tuesday. Alimi’s visit will…

The Guardian - UK

Recession threat looms as UK grinds to a halt to mourn Queen

Bank holiday for state funeral could send productivity plummeting at a time when country is struggling for growth

AAP

Aust tipped to be powerful 'electro state'

A leading Australian scientist says the longstanding imperative to change the country's "dig and ship" economy has intensified.

The Independent UK

Asian shares fall, tracking Wall St dismay over price data

Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy

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