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The Latest Breaking News from Economy

Wastewater could fuel Hunter's hydrogen economy

Millions of litres of wastewater could be used as fuel for green hydrogen production rather than being dumped at sea as part of a plan to transform the Hunter' long-term energy base.

Newcastle Herald

Tackling inequality key to climate fight - study

Tackling inequality is key to securing the public support needed to overhaul the global economy and reverse climate change, an update to the landmark 50-year-old computer simulation of environmental stress has found.

Reuters

China policymakers see renewed urgency for economic support

Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy, saying this quarter was a critical time for policy action as evidence points to a further loss of economic momentum.

Reuters

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In charts: India likely to overtake Japan as third-largest economy by 2029

NEW DELHI: With India surpassing the United Kingdom (UK) to become the world's fifth largest economy, a report by the State Bank of India (SBI) suggests that the country will outstrip two other major economies to become the third-largest economy by 2029.

The Times of India

Some Economists Rethink When, if Ever, China Will Pass U.S. in GDP

The sharp slowdown in China's growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world's largest economy -- or even if it ever will.

Bangkok Post

Catastrophe, pollution, dirty subsidies and nature capitalism: another week in the climate crisis

The chance of extreme events is increasing because emissions aren’t slowing down. The hard work to transform the economy has barely begun.

The Guardian - AU

EU to disburse 5 billion euro in aid to Kyiv this week - Ukrainian PM

Ukraine expects to receive 5 billion euros ($4.98 billion) in macro-financial aid from the European Union this coming week to support the economy and army, and to prepare for the looming winter, Ukrainian Prime Minister Denys Shmyhal said on Sunday.

Reuters

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Only South Africa's elite benefits from black economic empowerment -- and COVID-19 proved it

More than two decades ago the South African government put in place a policy designed to redress racial imbalances in the country’s economy. But, as I suggest in a recent paper, the policy – known as broad-based black economic empowerment) – has been hijacked and repurposed by individuals and factions…

The Conversation

Truss insists national insurance cut is fair despite it benefitting high earners - OLD

The Tory leadership hopeful said ‘growing the economy benefits everybody’.

The Independent UK

Liz Truss promises 'immediate action' on energy bills if she wins bid to be Prime Minister

The Government has been urged to intervene to support the most vulnerable, with energy bills set to rise to around £3,500 this winter for the average household

Chronicle Live

UK needs to be put on an economic war footing for the coming recession

Incoming prime minister’s only priority over next few weeks should be to avoid meltdown

The Guardian - UK

Liz Truss: Who is the UK’s new prime minister?

‘Human hand grenade’, seen by many Tories as Johnson continuity figure, confirmed as his successor after leading Rishi Sunak throughout leadership race

The Independent UK

Scientists warn California's entire economy could be wiped out in weeks by 'megaflood'

Devastating floods like those seen in Pakistan and South Africa are likely to become increasingly common, a new paper warns, with a megaflood in California potentially causing eight feet of rainfall in a month

Daily Mirror

How the jobs summit shifted gender equality from the sidelines to the mainstream

The last time an Australian government hosted a national jobs summit, only one woman was present. It was 1983, and that woman was Susan Ryan, a minister in the Hawke government and the trailblazing architect of the Sex Discrimination Act.

The Conversation

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AAP

Mortgage holders brace for rates decision

All eyes will be on the Reserve Bank of Australia's official cash rate announcement on Tuesday as new data sheds light on the state of the economy.

Wales Online

Truss vows ‘immediate action’ on energy bills if she becomes PM

There have been ever-louder calls in recent weeks that the Government intervene to support the most vulnerable, with energy bills set to rise to around £3,500 this winter for the average household

Manchester Evening News

Tory leadership contest favourite Liz Truss vows ‘immediate action’ on energy bills if she becomes PM

"These are tough times and the months ahead will be hard"

The Independent UK

Truss pledges ‘immediate action’ on energy bills if she becomes PM

The Foreign Secretary has said she will be capable of making ‘difficult decisions’ as prime minister

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The Canberra Times

What is a sustainable economy?

It is important to move to a sustainable economy, but what does that look like?

The Hindu

‘Indian economy on a strong wicket’

Likely to continue its first quarter growth rate of 13.5% for the rest of the year: Finance Minister

Radio France Internationale

EU Commissioner says Europe well prepared if Russia keeps the gas turned off

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

The Independent UK

Kansas governor lauds abortion vote but focuses on economy

Kansas' Democratic governor wasted little time after a decisive state vote in favor of abortion rights

The Independent UK

Indonesia hikes fuel prices by 30%, cuts energy subsidies

Fuel prices have increased by about 30% across Indonesia after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest

The Hindu

India overtakes U.K. to become fifth largest economy in the world

With India being the world's fastest growing major economy, its lead over the U.K. will widen in the next few years

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

‘Human hand grenade’ seen by Tories as Johnson continuity candidate and ahead of Rishi Sunak throughout the race thanks to questionable tax promises and neo-Thatcherite branding

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