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The Latest Breaking News from Economy

Dollar Pressured by US Government Shutdown and Weak Services News

The dollar index (DXY00 ) today is down by -0.19%. The ongoing shutdown of the US government is bearish for the dollar as the shutdown enters its third day today. The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate. The...

Barchart

US Delays Key Jobs Report Due To Government Shutdown

The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy.

International Business Times

Why do so many global payments still require a layover in New York?

The New York-based correspondent banking system is a relic. Both the city and the global economy would be better without it.

Fortune

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read the most diverse news in one place.

Cuba’s leaders see their options dim amid blackouts and a shrinking economy

The lights went out in Cuba again.

The Conversation

Kemi Badenoch is just ‘a Reform tribute act’, claims Ed Miliband as he lashes out at Tory climate policy

The energy secretary has written for The Independent condemning the Tory leader’s decision to ditch net zero policies

The Independent UK

Here's why the US shutdown may prove more painful than past crises

Government shutdowns aren't uncommon in the US, but this one could be more damaging that prior crises. President Trump is threatening permanent job cuts at a time when the labour market is already weak.

Euronews

Germany marks 35 years of unity, despite persistent East-West divide

Germany marks 35 years since its reunification on Friday, but the country’s East-West divide continues to shape its economy and its political landscape.

Radio France Internationale

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As Tories vow to scrap ‘failed targets’, how do their climate claims stack up?

We fact check Kemi Badenoch and her party after she promised to repeal Climate Change Act if they win power

The Guardian - UK

Elizabeth Warren Demands Trump Release September Jobs Report, Accuses President Of Keeping Public In The Dark On Economy: 'The Fed Is Flying Blind'

Sen. Elizabeth Warren (D-Mass.) accused President Donald Trump of deliberately withholding the September jobs report by using the U.S. government shutdown as cover for doing so.

Benzinga

Consumer confidence in economy falls to lowest point this year

The number of people feeling that the economy is worsening has increased to 62%, up from 43% at the start of the year, KPMG found.

The Independent UK

US economy is already on the edge – a prolonged government shutdown could send it tumbling over

The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin.

The Conversation

Government shutdown could cost US economy billions of dollars a week, analysts say

According to one report, each week of shutdown could cost up to $7bn, with another suggesting a $15bn loss in GDP

The Guardian - US

Closing the Loop: How Green Network Exchange Turns Corporate E-Waste into Renewed Value

Green Network Exchange, Inc. (GNE) delivers services tailored to corporate clients while encouraging employees, tenants, and partners to adopt more sustainable behaviors that contribute to a greener, more circular technology economy.

International Business Times

Air Canada is now serving free beer, wine and snacks to economy passengers on every flight

Previously, the Montreal-based carrier only served free alcohol and food to economy passengers on long-haul flights

The Independent UK

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The Conversation

How Canada can support rural regions in its net-zero transition

As Canada advances toward its 2050 net-zero emissions target, it’s facing a fundamental challenge: ensuring all parts of the country can participate in and benefit from the transition to a clean economy.

The Independent UK

Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage

Latin Times

Democrats Are Failing To Recover Latino Support Even As They Sour On Trump: Poll

Despite being much more disapproving of President Donald Trump since he took office, especially due to the handling of the economy, few Latinos are unlikely to withdraw their support for the Republican party, according to a new poll

The Conversation

How the arts strengthen newcomer settlement in Canada

Settling in a new country is often imagined as a sequential process, built on a supposed hierarchy of needs. You accomplish one priority, then another, and another and then you’re integrated into the country and economy.

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Fortune

How high-cost Switzerland stayed a manufacturing powerhouse in the offshore era

What is the lesson of Swiss Fortune 500 companies—such as dsm-firmenich—for the rest of Europe, and the world?

Caixin Global

China’s New Economy Industries Rise on Labor, Tech Gains

The Caixin BBD New Economy Index rose to 31.2 in September, up 1.3 points on the month

The Independent UK

Federal shutdown cuts off economic data vital to policymakers and investors

The government shutdown will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy

Fortune

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.

AAP

Spending rebound staggers as Aussies kick booze, smokes

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

Axios

Why Americans are down on the economy

A range of measures show Americans to be exceptionally gloomy about the economic picture.

Barchart

How Many Jobs Will the U.S. Economy Add in September?

Traders on the prediction market platform Kalshi now expect the U.S. economy to add 46,000 nonfarm payrolls in September.

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